Worksport Accelerates R&D Expansion and Clean-Tech Commercialization Amid Record Growth

Rhea-AI Summary

Worksport (NASDAQ:WKSP) reported significant growth and expansion initiatives following a record Q2 2025. The company achieved $4.1M in Q2 revenue, up 83% from the previous quarter, while production increased over 50% since March 2025.

Key developments include doubling its R&D facilities in Ozark, Missouri, and preparing for the Fall 2025 launch of its SOLIS solar tonneau cover and COR portable nano-grid system. The company projects $2-3M in revenue from these products in 2025, with potential for 8-figure growth in 2026.

Additionally, Worksport's subsidiary Terravis Energy is advancing its AetherLux Pro heat pump technology, targeting the $148B global heat pump market, with interest from major corporations and government entities.

Positive

• Q2 2025 revenue reached $4.1M, representing 83% growth quarter-over-quarter
• Production increased by over 50% since March 2025
• R&D facility doubled in size to support product innovation
• SOLIS and COR products expected to generate $2-3M revenue in 2025, with 8-figure growth potential in 2026
• Strong market potential with $13B addressable market for clean-tech vertical
• Growing enterprise interest in AetherLux heat pump technology

Negative

• Current production capacity unable to meet surging demand
• Factory expansion decision pending until end of Q3 2025

News Market Reaction – WKSP

+4.29%

12 alerts

+4.29% News Effect

-10.1% Trough in 3 hr 15 min

+$898K Valuation Impact

$22M Market Cap

1.2x Rel. Volume

On the day this news was published, WKSP gained 4.29%, reflecting a moderate positive market reaction. Argus tracked a trough of -10.1% from its starting point during tracking. Our momentum scanner triggered 12 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $898K to the company's valuation, bringing the market cap to $22M at that time.

Data tracked by StockTitan Argus on the day of publication.

Company Doubles Missouri R&D Facility, Launches Heat Pump Testing, and Readies Fall Rollout of SOLIS™ & COR™ Mobile Nano-Grid System

WEST SENECA, NY / ACCESS Newswire / July 16, 2025 / 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, today announced major corporate developments across research, manufacturing, and commercialization-signaling aggressive growth following a record-setting Q2.

Expanding U.S. R&D and Preparing for Manufacturing Scalability

After delivering Q2 2025 top-line results of $4.1M, up 83% from the previous quarter, Worksport shares that it has recently moved into new research and development ("R&D") facilities in Ozark, Missouri, doubling its R&D footprint to facilitate larger R&D initiatives, paired with a large pipeline of upcoming and planned launches of innovative products and features. This expansion underscores the Company's commitment to product innovation and expanding its customer reach through future-facing technology platforms. Missouri was selected due to its central geography, skilled labor force, and growing prominence as a U.S. manufacturing hub.

With production up over 50% since March 2025, the Company is also evaluating new factory capacity to meet surging demand. A decision on expansion is expected by the end of Q3. The Company shares that demand remains ahead of output.

COR and SOLIS Moving Toward Commercial Launch

Worksport's highly anticipated SOLIS solar-integrated tonneau cover and COR portable nano-grid system remain on track for a Fall 2025 launch. Both products have completed major validation milestones, including third-party testing and customer-paid beta deployments. Management believes this clean-tech vertical-targeting a $13B addressable market-represents a transformational revenue stream and an expansion beyond the Company's core truck accessory business.

The Company projects $2-3 million in revenue from SOLIS and COR in 2025, with 2026 expected to see 8-figure growth potential as sales expand across both business to consumer (B2C) and strategic enterprise channels.

AetherLux™ Gains Additional Enterprise Attention

Terravis Energy, Worksport's clean-tech subsidiary, has entered early-stage commercial testing of its AetherLux™ Pro heat pump with high-performance Zerofrost technology, addressing the $148B global heat pump market. The technology is drawing interest from multi-billion-dollar corporations and U.S. government entities, with site visits and due diligence already underway.

Management believes AetherLux could play a major role in Worksport's 2026 balance sheet, as the Company continues to validate its performance in extreme climate conditions and scale its manufacturing pathways.

For further information:

Investor Relations, Worksport Ltd. T: 1 (888) 554-8789 -128
W: investors.worksport.com W: www.worksport.com E: investors@worksport.com

Connect with Worksport Chief Executive Officer, Steven Rossi

Steven Rossi X (Twitter)

Steven Rossi LinkedIn

Join: Worksport's Newsletter

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, portable power systems, and clean heating & cooling solutions. 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 all major truck models and is gaining traction with newer truck makers including the electric vehicle (EV) sector. 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 Cold-Climate Heat Pump (CCHP) technology. Terravis Energy's website is terravisenergy.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.

Social Media Disclaimer

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. 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.

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," "scheduled," "expect," "future," "intend," "plan," "project," "envisioned," "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 situation 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 latest 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.

SOURCE: Worksport Ltd.

View the original press release on ACCESS Newswire

FAQ

What was Worksport's (WKSP) Q2 2025 revenue?

Worksport reported Q2 2025 revenue of $4.1 million, representing an 83% increase from the previous quarter.

When will Worksport launch its SOLIS and COR products?

Worksport plans to launch its SOLIS solar-integrated tonneau cover and COR portable nano-grid system in Fall 2025. Both products have completed major validation milestones and beta deployments.

How much revenue does Worksport expect from SOLIS and COR in 2025?

Worksport projects $2-3 million in revenue from SOLIS and COR in 2025, with potential for 8-figure growth in 2026 through B2C and enterprise channels.

What is the market size for Worksport's clean-tech vertical?

Worksport's clean-tech vertical targets a $13 billion addressable market, while its AetherLux heat pump technology addresses the $148 billion global heat pump market.

Where is Worksport's new R&D facility located?

Worksport's expanded R&D facility is located in Ozark, Missouri, chosen for its central geography, skilled labor force, and growing prominence as a U.S. manufacturing hub.