Worksport Ltd. (Nasdaq: WKSP; WKSPW) (“Worksport” or the “Company”)
extends warm Thanksgiving wishes to its dedicated employees, valued
investors, and stakeholders. As we gather to express gratitude for
the blessings of the year, Worksport is thankful for the unwavering
support and commitment that has propelled the Company to new
heights.
Worksport’s management reflects on the Company’s
journey with a sense of pride, recognizing the pivotal role that
employees and investors have played in achieving significant
milestones. The Company has consistently demonstrated its
dedication to innovation, quality, and customer satisfaction, as
evidenced by its recent achievements highlighted in the following
latest press releases:
- Worksport Signs
Long Term Agreement with Customer for US Factory Product and
Expects US$16,000,000 in Annual Sales, Marking Significant Growth
and Demand at NY Factory, issued on September 19, 2023;
- Worksport
Increases R&D for Terravis Energy Subsidiary’s Heat Pump
Project, issued on October 24, 2023;
- Worksport
Announces Pricing of Approximately $4.7 Million Registered Direct
Offering & Concurrent Private Placement, issued on October 31,
2023;
- Worksport Gears
Up for Initial Alpha Release of its Pioneering COR Portable Energy
Storage System, issued on November 2, 2023;
- Worksport
Reports 2400% Q3 Revenue Growth YoY as the Company Initiates
Production, issued on November 15, 2023; and
- Worksport
Advances COR Battery Power Generator System to Test Phase in
Anticipation of the Alpha Release, issued on November 20,
2023.
These press releases showcase Worksport’s
commitment to excellence and its continuous efforts to push the
boundaries of innovation in the automotive accessories
industry.
Management at Worksport is particularly proud of
the Company’s current position and looks forward to the exciting
future ahead. The recent successes have created a solid foundation
for Worksport’s expansion and growth. With an eye on the future,
Worksport’s management is confident in the Company’s ability to
capitalize on emerging opportunities and navigate challenges.
The management team expresses deep appreciation
for the incredible team spirit that has been instrumental in
Worksport’s success. The dedication, hard work and collaborative
spirit of the entire Worksport team have fostered an environment of
innovation and achievement. As the Company continues to grow,
Worksport is committed to nurturing this positive and dynamic team
culture.
As Worksport moves forward, the Company remains
focused on its mission to provide cutting-edge energy solutions and
truck bed innovations. With the support of its employees,
investors, and stakeholders, Worksport is poised for continued
success and looks forward to achieving new milestones in the coming
year.
Worksport wishes everyone a joyous and
fulfilling Thanksgiving, filled with warmth, gratitude, and the
company of loved ones.
For further information, please visit Worksport’s
official website for investors at
investors.worksport.com.
About Worksport
Worksport Ltd. (Nasdaq: WKSP; WKSPW), 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 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.
Worksport strives to provide frequent updates of
its operations to its community of investors, clients, and
customers to maintain the highest level of visibility.
LinkedIn
Facebook
X (previously Twitter)
Instagram
YouTube
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 the Accounts to announce
Company news and other information. The information shared on the
Accounts could be deemed to be material information. As a result,
the Company encourages investors, the media, and others to review
the information the Company publishes on the Accounts.
In order to comply with Regulation FD, the
Company does not selectively disclose material non-public
information on any Account. If there is any significant financial
information, it is the policy of the Company to release it broadly
to the public through a press release or SEC filing prior to
publishing it on one of the Accounts.
For additional information, please contact:
Steven ObadiahInvestor RelationsWorksport
Ltd.T: 1 (888) 554 8789 E:
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,” “project,” 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: (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.
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