Worksport Ltd. Update on Breakthrough Hydrogen Project & University Partnership

Share Post

Mississauga, Sept. 13, 2021 (GLOBE NEWSWIRE) — Worksport Ltd (Nasdaq-CM: WKSP; WKSPW) (“Worksport” or the “Company”), through its subsidiary Terravis Energy, Inc. (or “Terravis Energy”), today outlined additional details on its collaboration with Ontario Tech University to develop Terravis Energy’s NP (non-parasitic) hydrogen solutions.

This initiative is part of a two-year, $2.3 million project funded equally by Worksport and the Canadian Government that will incorporate efforts and resources from Worksport, Terravis Energy, an OTU research team led by Dr. Sheldon Williamson, and the Canadian government. The collaboration will include R&D teams of professors, PhD candidates, and post-Doctoral fellowships in a collective effort to bring groundbreaking, grid-independent, green energy solutions to market. The teams will also have full access to the unique, world-renowned Ontario Tech-Automotive Center of Excellence (ACE), the first commercial automotive research, development, and innovation center of its kind in the world. The facility includes a comprehensive array of testing equipment – including one of the largest and most sophisticated climatic wind tunnels on the planet. The OTU-ACE climatic wind tunnel is a place where world-class researchers and engineers collaborate to create, test, and validate paradigm-shifting innovations. General Motors, for example, used the OTU-ACE’s climatic wind tunnel to test its Hummer EV.

Dr. Williamson is a professor at Ontario Tech University and holds the NSERC Canada Research Chair position in Electric Energy Storage Systems for Transportation Electrification. “This project has initiated the development for the next generation of high-power, sustainable, and non-parasitic (grid-independent) solutions,” said Williamson. “We expect there will be enormous demand in the markets for electrified transportation and power infrastructure within Canada and across North America, especially in grid-constrained locations. Ontario Tech University is very excited to join hands with Worksport Ltd. in this collaborative R&D effort, which will help identify current research challenges, and lead to the development of world-class innovative solutions.”

The Company’s research with Ontario Tech University thus far has uncovered what Company management believes will be new, lucrative paths to clean energy adoption by the market, possibly paving the way for additional backing from the Canadian Government. Among the many breakthroughs that have come from this collaboration to date is the system’s charging rate enhancement modularity. This development enables increased charging capabilities as battery technologies evolve, and it represents a significant milestone in Terravis Energy’s positioning as an industry innovator.

Terravis Energy, Inc. President & CEO Lorenzo Rossi comments, “We believe our process for integrating and utilizing Hydrogen fuel cells into NP (non-parasitic) systems will demonstrably shift consumer mindsets to adopt our grid-independent clean energy solutions over systems that aren’t as environmentally friendly. We’re believe that our full access to the OTU-ACE and our collaboration with the incredible minds from the University will allow us to demonstrate our first iteration of fast charger prototypes sometime in 2022.”

In addition to use of the OUT-ACE, the research teams will have access to cutting-edge facilities and research equipment in the Advanced Storage Systems and Electric Transportation (ASSET) lab, which boasts equipment such as battery pack and cell simulators, programmable loads, regenerative grid simulators, and advanced thermal chambers. This specialized equipment is unique and available only to Prof. Williamson’s lab.

Lastly, the Company will also have access to the world-renowned Clean Energy Research Lab (CERL), a cutting-edge laboratory that pioneers in clean energy research – more specifically clean hydrogen production and fuel cell technology.

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.

Be the first to know the latest Worksport news

WORKSPORT IN THE MEDIA

When an offering gets this much attention it is a sign to stand up and take notice. Some of the biggest names in Cleantech are talking Worksport.

Latests Press Releases

Worksport is redefining the energy solutions of the future.

Join our newsletter and be a part of the solution.