Invest in Worksport

Worksport Ltd. Advances Toward COR Alpha Release: Purchases All Inventory Parts For Alpha Release Production

West Seneca, New York, January 16, 2024 – Worksport Ltd. (Nasdaq: WKSP; WKSPW) (“Worksport” or the “Company”) proudly announces that it has purchased the necessary inventory parts for the highly anticipated Alpha Release of its innovative COR Portable Energy Storage System. This purchase includes all critical components, such as power switches and microcontrollers, the main semiconductors essential for the functionality of Worksport’s proprietary systems.

The Company’s inventory purchase underscores its confidence in the forthcoming test results and its commitment to a swift market introduction. “Securing these components not only highlights our proactive approach to supply chain management but also positions us a step ahead as we prepare for the exciting Alpha Release,” said Worksport CEO Steven Rossi.

This move, expected to significantly expedite the manufacturing process, should ensure that the SOLIS Solar Cover and COR Battery System will be available to consumers without unnecessary delays. “We are excited about our innovative products and their market potential,” added Rossi. “Finalizing our inventory ahead of the test results reflects our optimism and readiness for rapid deployment.”

Worksport’s forward-thinking approach is aimed to set a new precedent in the automotive aftermarket, anticipating a seamless transition from development to delivery. With these preparations, Worksport contributes to the clean energy revolution in the automotive sector.

The Company eagerly awaits the test outcomes and is poised to launch the Alpha Release for real world testing, marking a pivotal step in bringing sustainable and practical energy solutions to the market.

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,” “project,” “should,” or the negative of these terms and similar expressions, as they relate to us or our management, identify forward‐looking statements. These 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: (i) supply chain delays; (ii) acceptance of our products by consumers; (iii) delays in or nonacceptance by third parties to sell our products; and (iv) 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 SEC, including, without limitation, our Annual Report on Form 10-K and our 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. 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.

Be Part of the Change!
Share With One or More Contacts

Who Else Is Interested In This News?

Whatsapp
Telegram
Messenger
Reddit
Twitter
Linkedin
Viber
Facebook
Invest in Worksport

Who Else Is Interested In This News?
Share With One or More Contacts

And Be Part Of The Change!

Share
Share
Share
Share
Share
Share
Share
Share
Share
Worksport Renewable Energy - Nasdaq:WKSP

Get The Insights and Investment
Info Now!

You'll Discover:
Solar Cover and Factory Insights Why This Is The Perfect Time Partnerships and Sales Growth Exclusive Previews and Video's

The Media Starts To Notice
Invest in Worksport, Nasdaq:WKSP
Power Anywhere, Any Time
Invest in Renewable Energy
Invest in Renewable Energy