August 17, 2021

Worksport is moving into its New Headquarters and Manufacturing Facility

Mississauga, Aug. 17, 2021 — Worksport Ltd (Nasdaq-CM: WKSP; WKSPW) (the “Company”) is moving into a new location which will serve as its headquarters and Canadian manufacturing facility. The new 55,000 sq ft office and facility is located at 7299 East Danbro Crescent, Mississauga, Ontario L5N 6P8, Canada.

As the Company’s tonneau cover business continues to grow, the move will help the team to solidify its manufacturing process for pre-production of its TerraVis solar-powered tonneau cover and COR battery systems. The facility will not only host existing operating infrastructure, but also brings a valuable industry and networking resource – its landlord, a top executive at Matcor-Matsu, which is an established tier 1 OEM manufacturer with over 1.5 million square ft. across US, Canada and Mexico. Matcor has been an ally of the Company and has been pivotal for helping Worksport establish itself in Canada as a home-grown manufacturer.

Worksport believes it now has the physical foundation and network of partners to manage the next phase of its growth and development. The Company is only paying for square footage that it needs and will have all available onsite equipment at its disposal, including but not limited to integrated manufacturing tools required for faster prototyping.

Furthermore, at the new facility, Worksport will now be able to automate the cutting and sewing processes for its soft tonneau cover tarp. Being one of the biggest bottlenecks in soft cover manufacturing, this will allow faster upscaling of its soft cover business. Worksport will first be setting up its manufacturing operations with an Advance Bespoke sewing and Conveyor System from Wales, UK, that will feature world-leading digital technology from Juki and Panasonic which will integrate custom requirements for Worksport’s new sewing method. As skilled sewing labor is becoming increasingly difficult to find, automation of soft cover manufacturing will likely prove to be a valuable asset for the Company. Worksport will continue to update its shareholders on any further progress made setting up the new facility for full scale production as it becomes relevant.

About Worksport Ltd.

Worksport Ltd. (Nasdaq: WKSP), through its subsidiaries, designs, develops, manufactures, and owns the IP on a variety of tonneau covers, solar integrations, and NP (Non-Parasitic), Hydrogen-based true green energy solutions for the sustainable, clean energy, and automotive industries. Worksport Ltd. seeks to capitalize on the growing shift of consumer mindsets towards clean energy integrations with its proprietary solar solutions, mobile energy storage systems (ESS), and NP (Non-Parasitic), Hydrogen-based technology. For more information, please visit www.worksport.com and investors.worksport.com.

Connect with Worksport:

Please follow the company’s social media accounts on Twitter, Facebook, Linkedin, and Instagram, as well as sign up for the company’s newsletters at www.worksport.com or investors.worksport.com. Worksport Ltd. strives to provide frequent updates of its operations to its community of investors, clients, and customers to maintain the highest level of visibility.

For additional information, please contact:

Steven Obadiah
Investor Relations
Worksport Ltd.
T: 1-(888) 554-8789
E: investors@worksport.com
W: investors.worksport.com
W: www.worksport.com

Forward-Looking Statements

The information contained herein may contain “forward looking statements.” Forward looking statements reflect the current view about future events. When used in this press release, the words “anticipate,” “believe,” “estimate,” “expect,” “future,” “intend,” “plan,” or the negative of these terms and similar expressions, as they relate to us or our management, identify forward looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: a delay in the production of the T3 tonneau cover, supply chain delays, acceptance of our T3 tonneau cover and other products by consumers, delays in or nonacceptance by third parties to sell our products, competition from other producers of similar products. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (SEC), including our Annual Report on Form 10-K and our subsequent Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at www.sec.gov The Company encourages you to consider all of these risks, uncertainties and other factors carefully in evaluating the forward-looking statements contained in this press release. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, the Company’s actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. The forward-looking statements made in this press release are made only as of the date of this press release, and the Company undertakes no obligation to update them to reflect subsequent events or circumstances.

Invest in Innovation

Nasdaq: WKSP

Starting as a producer of truck bed tonneau covers for pickups in the United States and Canada, Worksport has since evolved to position itself as an innovator in the automotive aftermarket.

Top Product: SOLIS Solar Cover & COR Battery

Key Innovations: Extra mileage EV Pickups OffGrid Mobile Power from the Sun.

Usability: For both EV Pickups & Petrol Pickups COR Battery with or without pickup

Other Products: Regular Hard and Soft-Folding Covers

WORKSPORT’S SOLIS & COR

Worksport SOLIS and COR provide an adaptable power source for off-grid power. Not just another battery, these powerhouses work in unison to offer continuous clean, rechargeable power from the sun. COR has a fully replaceable system that allows you to swap a depleted battery for a fresh one without losing juice. SOLIS charges batteries to be ready for the exchange.

The truck bed power system

Worksport’s truck bed power system kit will come with COR (which includes one hub inverter and one battery), SOLIS Folding Solar Tonneau Cover, rail mounting system, MPPT (solar charge controller), and all cables necessary.