NASDAQ : WKSP

Worksport Presents Power Electronics Team

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Richmond Hill, Ontario, Canada, August 8, 2023 — Worksport Ltd. (Nasdaq: WKSP; WKSPW) (the “Company” or “Worksport”) is pleased to present its Canadian-based Power Electronics team, a very strong group that is responsible for 100% of the Company’s renewable energy design research and development. The team, led by Director of Engineering Dr. Rafael Oliveira, consists of employees and contractors having advanced degrees, including masters and doctorate degrees, along with substantial electrical and electromechanical industry experiences.

“We believe Worksport’s partners and investors should know how strong our Power Electronics team is in Canada, both academically and industrially, and demonstrates that, in addition to the new separate R&D facility in Missouri, there is a group working on renewable energy solutions that is among the best in the industry,” Dr. Oliveira said. “These solutions include high-density power electronics design and implementation, high discharge lithium-ion battery packs, heat management systems, photovoltaic (PV) solutions for automotive applications, and power interfaces to integrate with other systems and sustainable energy sources.”

“We are very proud of our Canadian Power Electronics Team,” said Worksport CEO Steven Rossi. “They provide the Company with the highest level of experience in state-of-the-art, sustainable energy engineering and also have superior understanding of consumer and industrial needs that we expect to help the Company achieve leadership in the sustainable and renewable energy markets.” 

Among those on Worksport’s Canadian Power Electronics team are: 

Dr. Rafael Oliveira, Ph.D., Director of Engineering: Rafael has 23 years of experience working on engineering projects and 13 years as a professor. After earning his doctorate at Ryerson University (now Toronto Metropolitan University), Rafael was a postdoctoral fellow at the University of Toronto, where he developed a mathematical model for automotive wireless charging coil behavior and built many different coil topologies, aiming to increase system magnetic coupling for off-center situations. His main research focus is power electronic converter topologies and control, especially switched capacitor converters. Automotive wireless charging and general renewable energy systems are also part of his research interests.

Dr. Amir Yazdani, Ph.D., Consultant: Having earned his doctorate degree in engineering, Amir became a professor with the Department of Electrical, Computer and Biomedical Engineering at Toronto Metropolitan University (TMU). His career features more than 25 years of industrial as well as academic experience with a focus on the design and development of power electronic converters for railway signaling, wind and PV energy systems, industrial applications, and consumer electronics. He has served as a consultant in the public and private sectors and has taught many undergraduate as well as post-graduate courses in such subjects as power electronics, signal electronics, electric machines, and electric vehicles.  

Dr. Arvind H. Kadam, Ph.D., Engineering and R&D Team Lead: Arvind earned his doctorate degree in Electrical and Computer Engineering from Ontario Tech University in Canada, along with his masters degree in Power Electronics and Drives and bachelors degree in Electronics from the University of Mumbai in India. Arvind has over six years of engineering experience in the design and development of AC-DC, DC-DC power converters, power electronics, embedded systems, and software/test engineering, in industry and research environments. 

Kyle Muehlegg, MASc., Systems Engineer: Kyle received his bachelors and masters of science degrees in Electrical Engineering from the University of Toronto. He specializes in renewable energy and energy storage technology, including integration to existing utility infrastructure and new infrastructure methods. His research interests include control systems, power electronics, microgrids (DC & AC), electric vehicles and energy management methods. 

Luciano Fonseca Chaves, MSc., Sr. Manager of Electrical Engineering:  Luciano’s experience includes leading the Electrical R&D team in developing hardware and software for power converters for automotive and defense industries. He collaborated with cross-functional engineering teams from automakers in Europe and North America to ensure project success. Luciano also was an Electrical Engineering professor and researcher in Brazil, where he was responsible for mentoring students and performing R&D projects with industries from different sector like Electro-Electronics, Oil and Gas, Food, Steel and Chemical industries.

Ajeethkumar (AJ) Angappan, Electromechanical Engineer: AJ earned his postgraduate certificate in advanced mechanical design and practical elements of mechanical engineering from Fanshawe College. He has experience in complete product design cycle from ideation and sketching to final design and production and is adept at utilizing advanced CAD software and simulation tools to create detailed designs, perform analyses, and optimize performance. AJ also possesses a strong understanding of materials science, ensuring that the chosen materials meet the required specifications and standards..

Sandra Aragon Aviles, MASc., R&D and PV Engineer: Sandra earned her masters degree in Electrical and Computer Engineering from Ontario Tech University, where she designed, simulated, and developed a system to melt the snow in winter on solar panels, developed a literature review on power electronics-based solutions to interface solar-PV, smart grid, and electrified transportation, and lead individual and group lessons for undergraduate students. Since joining Worksport, Sandra has focused on energy storage and renewable energy solutions.

For further information, please visit Worksport’s official website for investors at investors.worksport.com.

About Worksport Ltd.

Worksport Ltd. (Nasdaq: WKSP; WKSPW), 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 investors.worksport.com

Connect with Worksport: 

Please follow the company’s social media accounts on TwitterFacebookLinkedinYouTube, and Instagram, as well as sign up for the company’s newsletters at 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.

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For additional information, please contact:

Steven Obadiah

Investor Relations

Worksport Ltd.

T: 1 (888) 554 8789 E: investors@worksport.com W: www.worksport.com

Forward-Looking Statements

The information contained herein may contain “forwardlooking statements.” Forwardlooking statements reflect the current view about future events. When used in this press release, the words “anticipate,” “believe,” “estimate,” “expect,” “future,” “intend,” “plan,” “project,” or the negative of these terms and similar expressions, as they relate to us or our management, identify forwardlooking 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: supply chain delays, acceptance of our 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 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.

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.

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