WEST SENECA, N. Y. –(Newsfile Corp. – April 25, 2024) – Worksport Ltd. (NASDAQ: WKSP) (NASDAQ: WKSPW), a U. S. -based automaker, is now a member of the U. S. Department of Homeland Security. As the U. S. Department of Agriculture and Agriculture (US) committed to delivering state-of-the-art hybrid and blank energy responses for smooth trucking, the onshore and global customer goods markets issued a note to shareholders, reiterating management’s outlook to maximize the price for shareholders and pave the way for a transformative year in projected expansion by 2024, on all fronts.
“As we enter a pivotal phase at Worksport, our direction is transparent and focused on strengthening our leadership position in truck accessories and sustainable automotive solutions,” said Steven Rossi, CEO and President of Worksport. “With the goal of delivering cutting-edge products for the truck, floor vehicle and ATV communities, we’ve only just begun to capture our percentage of those vital segments of the market. “
Business Valuation and Growth Prospects:
Undervalued Market Potential: With more than 150 patents and trademarks and pending trademarks, a facility valued at over $9. 2 million, exceeding our existing market capitalization, and a complex production apparatus valued at over $7 million, this is our belief. That Worksport’s inventory is particularly undervalued.
Strategic Inventory and Production Milestones:
Strong Inventory and Supply Chain Skills: With a strong stock balance to manufacture new products, there is an opportunity for significant profit expansion, and it is being leveraged through strong demand for the company’s Made in America hardcover books. its ability to produce significant volumes and capitalize on the demands of developmental lag.
Boosting B2C sales: Direct-to-customer campaigns introduced in March 2024 have already resulted in a slight increase in sales; April 2024 sales figures already exceed internal projections, indicating strong customer demand and market acceptance.
Accelerated B2B Engagements: A Hugely Positive Reaction from Key U. S. Advertising ClientsThe U. S. Partnership, which added initial acquisition orders from three major players, accelerated the company’s B2B process while also marking a significant vote of confidence in Worksport’s generation and business model.
First Truck Body Solar Cover on the Market: Completed after extensive engineering and prototyping, the patented SOLIS cover is expected to make its market debut this summer. As a pioneer in solar technology, capturing even 5% of the U. S. market. UU. se translates to significant profit potential, potentially exceeding $300 million per year for the solar awning line alone. The SOLIS Solar Truck Bed Cover will be among the first on the market and will be available for all major makes and models. The company has sparked a great deal of interest from the media, industry partners, and consumers for this upcoming innovation.
COR Solid-State Electric Generator Launch: In addition to SOLIS coverage, the patent-finalizing COR battery formula is nearing the end of its prototyping phase. With each and every SOLIS unit sold, a COR unit is its best counterpart. Editing app and value for the visitor. Alpha sets of the COR formula are expected to be available this summer, with strong interest from U. S. government agencies. U. S. retailers and primary retailers.
Revolutionary Heat Pump Technology: In addition, Terravis Energy, Inc. , a subsidiary of Worksport, is nearing completion of a state-of-the-art residential heat pump that exceeds existing generation standards by up to 40%. To grow at a CAGR of 8. 5%, reaching $142. 4 billion through 2030, this progression has attracted abundant interest from conglomerates and governments around the world.
Grants and Intellectual Property:
Intellectual Property Portfolio Expansion: The strength of Worksport’s intellectual asset portfolio continues to further solidify our market position and ability to innovate, with new additions to the portfolio each quarter of the past year.
Despite a percentage value that reflects our true value, the company believes 2024 will be a turning point for Worksport that will solidify our position as an American manufacturer committed to advancing cutting-edge hybrid and empty power solutions in vans and ground vehicles. and global markets for customers’ goods.
About Working Sport
Worksport Ltd. (NASDAQ: WKSP), through its subsidiaries, designs, develops, manufactures, and owns intellectual assets in a variety of canopies, solar integrations, and NP (non-parasitic) — true hydrogen-based green energy answers to sustainability. and automotive and blank energy industries. Worksport has an active partnership with Hyundai for the SOLIS solar canopy. In addition, the hard folding canopy designed and manufactured in-house by Worksport is compatible with General Motors’ RAM, Chevrolet and GMC models, as well as Ford, Jeep. , Nissan and Toyota pickup trucks. Worksport will capitalize on the growing shift in customer mindsets toward blank energy integrations with its proprietary solar solutions, cellular energy storage (SSE) systems and hydrogen-based NP (non-parasitic) technology. Terravis Energy Online Page is terravispower. com. For more information, visit investisseurs. worksport. com.
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Worksport strives to provide regular updates on its operations to its network of investors, consumers, and consumers to the highest point of visibility.
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For information, please contact: Steven Obadiah, Investor Relations, Worksport Ltd.
T: 1 (888) 554 8789 E: inversores@worksport. com W: www. worksport. com
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