Breaking Cleantech
Automotive Stock News: Worksport Ltd. (NASDAQ: $WKSP) Unveils Upgraded SOLIS
Technology, Enhancing Solar Tonneau Covers for Broader Market Reach; @WorksportLtd
Innovative Upgrade
Reduces Consumer Costs by Up to $400 and Increases Compatibility Across
Multiple Battery Generator Brands and Types
West
Seneca, New York - October 31, 2024 (Investorideas.com Newswire) Worksport Ltd.
(NASDAQ:
WKSP) ("Worksport" or the
"Company"), a U.S.-based manufacturer and innovator of hybrid and
clean energy solutions for the light truck, overlanding, and global consumer
goods sectors is excited to announce a development for its advanced solar
technology system. The Worksport SOLIS solar tonneau cover will be improved to
operate at 60V, a meaningful upgrade that is believed to bring substantial cost
savings to consumers, expand the addressable market size, and simplify
integration with a wider range of other battery generator systems existing in
the marketplace.
Cost Savings for Customers &
Broader Product Appeal
The change to 60V output provides
strong benefits to Worksport's upcoming SOLIS solar cover product line. Key
benefits include:
- Cost Savings:
Anticipated savings of up to $400 USD for the end user, allowing
Worksport's patented SOLIS solar cover to be affordable for a larger
portion of the huge global pickup truck market.
- Broader Compatibility:
Enhanced compatibility with a wider range of existing portable energy
systems, expanding market potential.
- Same Performance, Less Complex: The
lower voltage is not expected to impact the cover's performance, while
also reducing the complexity of Worksport's Maximum Power Point Tracking (MPPT) system.
- Simplified Systems: The
60V configuration streamlines the SOLIS cover and the COR portable energy
storage systems, simplifying installation and user experience.
Worksport SOLIS & COR
This planned upgrade to the Worksport
SOLIS cover comes as the system is currently in an Alpha release phase, and the
Company is collecting real world feedback on the early production units.
Worksport's SOLIS Solar Cover and COR Portable Energy Systems are
expected for market release in the near term. Together, they form an advanced
nano-grid solution that generates clean, portable power for both recreational
and professional uses. Positioned in a rapidly growing portable power market
exceeding $4 billion, these innovations are expected to drive the future of
Worksport's growth. Investors can read more here.
Streamlined Solutions and Market
Potential
The development of the 60V SOLIS
solution allows for a simpler connection between the SOLIS Solar Cover and
portable energy systems, like the Worksport COR.
This development will be in immediate
effect for the Alpha release within the coming days and is expected to enhance
both user experience and cost. This advancement aligns with Worksport's
strategic vision to capture substantial market share in the booming portable energy
market. A redesigned wireway management system, set to be finalized by the end
of November, will further improve efficiency and aesthetics.
While providing multiple expected
benefits, Worksport does not anticipate any timeline shifts as result of this development,
the Company will continue to test and enhance the Alpha release systems in real
world conditions. As the Alpha release continues to excitingly advance, the
Company is preparing for influencer campaigns and live demonstration events to
publicly showcase the quality and performance of the Worksport SOLIS Covers
with the Worksport COR & other battery generator systems. The Alpha release
will be followed by preorders and a larger scale Beta release.
Paid News dissemination for Worksport Ltd.
Read
this news, featuring WKSP in full at https://www.investorideas.com/news/2024/10311WKSP-Upgraded-SOLIS-Technology.asp
CEO Commentary
"SOLIS testers spoke, and we
listened! With this change we expect to drastically enhance compatibility and
materially reduce projected customer costs, so we can make our upcoming
sustainable energy solutions more affordable to a wider audience," said
Steven Rossi, CEO of Worksport Ltd. "This upgrade not only strengthens our
competitive position but also aligns with our commitment to delivering
exceptional value and driving growth. We're excited about the future prospects
this technology brings and remain dedicated to pushing the boundaries of
innovation in our industry. This solar cover will be priced closely to
conventional covers in our marketplace. We think this will make it a clear
choice for a huge portion of the 60 million pickup trucks on U.S. roads."
Investor Inquiries May Be Directed
To:
Investor Relations, Worksport Ltd.
T: 1 (888) 554-8789 x128
W1: https://investor.worksport.com
W2: www.worksport.com
E: investors@worksport.com
Key 2024 Press-Releases:
- October 17: Nasdaq Grants Extension To Regain Compliance
- October 17: $2MM+
Projected Savings From New Strategic Initiative
- October 3: Commencing U.S
Government Sales
- September 30: Update On ISO
Certification
- September 19: Alpha Launch
of SOLIS & COR
- September 12: Record High
August Sales
- September 11: Worksport COR as an EV Range Extender for Tesla
Model 3
- August 14: Record High
Revenues; 275% Q2 Growth
- August 1: Impressive
SOLIS Solar Cover Test Results
- May 8: Worksport Awarded $2.8MM Grant
Read all Worksport press
releases: [Link to All Press Releases].
Stay Connected
- Investor Newsletter: Investors
and customers are invited to follow Worksport's progress as it builds on
this momentum and strives to redefine industry standards with each new
corporate development. Link
to Newsletter
- Contact Information
Investor Relations, Worksport Ltd. T:
1 (888) 554-8789 -128 W: investors.worksport.com E: investors@worksport.com
W: worksport.com
About Worksport
Worksport Ltd. (Nasdaq: WKSP),
through its subsidiaries, designs, develops, manufactures, and owns the
intellectual property 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 has an active
partnership with Hyundai for the SOLIS Solar cover. Additionally, Worksport's
hard-folding cover, designed and manufactured in-house, is compatible with RAM,
Chevrolet, and GMC models from General Motors, as well as Ford, Jeep, Nissan,
and Toyota pickup trucks. Worksport 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.
Terravis Energy's website is terravisenergy.com. For more information, please visit investors.worksport.com.
Connect with Worksport
Please follow the Company's social
media accounts on X (previously Twitter), Facebook, LinkedIn, YouTube,
and Instagram (collectively, the
"Accounts"), the links of which are links to external third party
websites, as well as sign up for the Company's newsletters at investors.worksport.com. The Company does not endorse, ensure the accuracy
of, or accept any responsibility for any content on these third-party websites
other than content published by the Company.
Product social media
Investor social media
X (formerly Twitter)
LinkedIn
Link to Newsletter
Investors and others should note that
the Company announces material financial information to our investors using our
investor relations website, press releases, Securities and Exchange Commission
("SEC") filings, and public conference calls and webcasts. The
Company also uses social media to announce Company news and other information.
The Company encourages investors, the media, and others to review the
information the Company publishes on social media.
The Company does not selectively
disclose material non-public information on social media. If there is any
significant financial information, the Company will release it broadly to the
public through a press release or SEC filing prior to publishing it on social
media.
For additional information, please
contact:
Investor Relations, Worksport Ltd. T: 1 (888) 554-8789 -128 W: investors.worksport.com W: www.worksport.com E: investors@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," "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.
Worksport Ltd. (Nasdaq: WKSP) is a featured
renewable energy/automotive stock on Investorideas.com
More info on WKSP at
Investorideas.com Visit: https://www.investorideas.com/CO/WKSP/
Disclaimer/Disclosure: Disclosure: Worksport Ltd. (Nasdaq: WKSP) is a paid featured company on
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