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Worksport Confirms Government Evaluation of Aetherlux(TM) Heat Pump for Potential Long-Term Supply Deal; Certification Accelerated

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Worksport (NASDAQ:WKSP) said its Terravis Energy unit is accelerating certification and commercialization of the Aetherlux™ Pro heat pump with ZeroFrost™ anti-frosting technology. A government entity is evaluating lab results, AHRI and ENERGY STAR certification targets moved into 2026, prototypes arrive February 2026, and early revenue is expected in 2H 2026.

Management highlights prior milestones (Feb 2025 reveal, Oct 2025 DOE/NREL award, Jan 2026 manufacturer selection) and plans commercial hires as dealer interest grows.

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Positive

  • Government entity actively evaluating lab performance results
  • Certification timeline advanced to target AHRI and ENERGY STAR in 2026
  • Projected product revenue in 2H 2026
  • Manufacturing prototypes scheduled to arrive February 2026

Negative

  • No procurement decisions yet from government evaluator
  • Certification and third-party validation remain incomplete
  • Commercial rollout contingent on test results and certification

Key Figures

Q4 2025 revenue: $4.84M FY2025 revenue: $16.2M Q4 revenue growth: 65% +5 more
8 metrics
Q4 2025 revenue $4.84M Preliminary Q4 2025 net sales, up 65% YoY
FY2025 revenue $16.2M Full-year 2025 revenue, up 91% vs 2024
Q4 revenue growth 65% Q4 2025 net sales vs $2.93M prior year
FY revenue growth 91% 2025 revenue vs $8.5M in 2024
Gross margin 32% Q4 2025, up from 11% prior year
Potential warrant proceeds $11.5 million If all Armistice inducement warrants exercised at $3.00
Inducement warrants 3,840,421 shares Shares covered by Jan 20, 2026 resale registration
Global heat-pump market $150 billion+ Expected market size by 2030 cited in article

Market Reality Check

Price: $1.59 Vol: Volume 523,765 is 3.03x t...
high vol
$1.59 Last Close
Volume Volume 523,765 is 3.03x the 20-day average of 172,742, indicating elevated trading interest before this news. high
Technical Shares trade below the 200-day MA at $2.95, after closing at $1.52, well off the $9.30 52-week high.

Peers on Argus

Peers show mixed moves: PRTS +10.34%, GTEC +5.53%, SYPR +2.95% versus declines i...

Peers show mixed moves: PRTS +10.34%, GTEC +5.53%, SYPR +2.95% versus declines in WPRT -4.04% and REE -1.22%, suggesting stock-specific factors matter more than a uniform sector trend.

Historical Context

5 past events · Latest: Feb 11 (Positive)
Pattern 5 events
Date Event Sentiment Move Catalyst
Feb 11 Q4 2025 results Positive -3.2% Preliminary Q4 and FY2025 results with strong revenue and margin expansion.
Feb 03 Federal partnership Positive +0.0% Strategic partnership to accelerate federal and commercial adoption of clean-energy products.
Jan 27 Manufacturing partner deal Positive +1.0% Major Asian partner selected to mass-produce Aetherlux Zerofrost heat pumps in 2026.
Jan 27 Heat pump scaling Positive +1.0% Mass manufacturing arrangement for Aetherlux Pro Zerofrost targeting 2026 approvals and launch.
Jan 13 2026 business update Positive +6.0% Update on shipping clean-energy products, OEM talks, and record growth expectations.
Pattern Detected

Recent positive news often met with mixed reactions, including a selloff on strong Q4 results but gains on broader 2026 business updates and Aetherlux commercialization steps.

Recent Company History

Over the past month, Worksport reported strong growth and advanced its clean-energy strategy. A Feb 11 update highlighted Q4 2025 revenue of $4.84M and FY2025 revenue of $16.2M with sharply higher margins, yet the stock fell. Earlier, a Feb 3 federal-focused partnership and Jan 27 announcements around an Asian manufacturing partner and Zerofrost™ heat pump commercialization within 2026 coincided with modest gains. A Jan 13 2026 business update, noting clean-energy products already shipping and OEM discussions, saw a stronger positive reaction.

Regulatory & Risk Context

Active S-3 Shelf · $11.5 million
Shelf Active
Active S-3 Shelf Registration 2026-01-20
$11.5 million registered capacity

An effective S-3 resale registration dated Jan 20, 2026 covers up to 3,840,421 shares issuable upon Armistice Capital inducement warrants. Worksport will not receive proceeds from resales but could receive $11.5 million if all warrants are exercised for cash at $3.00 per share.

Market Pulse Summary

This announcement highlights government evaluation of the Aetherlux Zerofrost™ heat pump, accelerate...
Analysis

This announcement highlights government evaluation of the Aetherlux Zerofrost™ heat pump, accelerated AHRI and ENERGY STAR® certification timing, and a clearer path to revenue in the second half of 2026. It builds on recent milestones, including a manufacturing partner for 2026 commercialization and strong FY2025 revenue of $16.2M with improved margins. Investors may monitor third-party lab results, certification progress, and any formal government supply agreements, while keeping in view the warrant overhang detailed in the Jan 20, 2026 S-3 filing.

Key Terms

energy star
1 terms
energy star regulatory
"accelerates path to AHRI, ENERGY STAR® Certification"
A government-backed label that indicates a product, appliance or building meets set energy-efficiency standards. For investors, an ENERGY STAR rating signals lower ongoing utility and maintenance costs, stronger appeal to cost- and eco-conscious buyers or tenants, and possible access to incentives or reduced regulatory risk—think of it like a fuel-efficiency sticker that helps compare long-term operating costs and market desirability.

AI-generated analysis. Not financial advice.

Company Confirms Structured Evaluation Underway as Engineering Progress Accelerates Path to AHRI, ENERGY STAR® Certification and 2H 2026 Revenue

WEST SENECA, NY / ACCESS Newswire / February 12, 2026 / Worksport Ltd. (NASDAQ:WKSP) ("Worksport" or the "Company"), a U.S.-based technology and manufacturing company focused on clean energy solutions and automotive accessories for consumer and reseller channels, today provided an operational update on its energy subsidiary, Terravis Energy, as it advances the Aetherlux™ Pro heat pump ZeroFrost™ anti-frosting technology toward third-party validation, certification, and early commercialization.

Management believes Zerofrost represents a materially undervalued intellectual property asset within Worksport's overall corporate footprint and a meaningful driver of exponential long-term enterprise value that is not currently reflected in the Company's market valuation. The global heat-pump market is expected to exceed $150 billion by 2030. Growing third-party validation efforts and government-level interest underscore Zerofrost's potential to reshape performance standards within the cold-climate heat-pump market.

Accelerating Momentum Across Government, Certification and Commercialization

Government Evaluation Underway

  • Worksport confirmed that a large government entity is actively monitoring upcoming laboratory performance results as part of an internal evaluation process. While no procurement decisions have been made, management expects validated test data to accelerate discussions related to potential deployment and large-scale supply arrangements across various regions.

Certification Timeline Moves Ahead of Schedule

  • Based on recent engineering progress and manufacturing coordination, the Aetherlux heat pump with ZeroFrost technology is now expected to enter formal certification processes ahead of prior expectations. Targeted certifications (within 2026) include AHRI performance standards, ENERGY STAR® qualification, and other leading industry requirements necessary for broad North American deployment.

Clear Line of Sight to Revenue

  • Following completion of certification and early commercial deployments, the Company expects Aetherlux to become a revenue-generating product in the second half of 2026, marking a transition from development to commercial execution. In-bound dealer interest remains strong.

Manufacturing Transition to Validation Phase

  • Manufacturing prototypes are scheduled to arrive in February 2026 and will be delivered shortly thereafter to testing partners. During the first half of 2026, the technology is expected to undergo structured performance and reliability evaluation at two government-affiliated laboratories, supporting certification and commercial readiness.

Commercial Organization Build-Out

  • Terravis Energy's inbound sales funnel continues to grow. To support market entry and long-term growth, Terravis plans to further formalize its sales organization and expects to begin onboarding senior commercial leadership, including a Senior Vice President of Sales, as certification milestones approach.

Additional Background on Aetherlux Progression

Investors and stakeholders are encouraged to review the following milestones outlining why Aetherlux is attracting increasing industry attention and how it may influence future market standards:

  1. February 2025: Initial Product Reveal

  2. October 2025: Award from U.S. Department of Energy National Renewable Energy Laboratory

  3. January 2026: Manufacturer selected; commercialization pathway established; the Aetherlux Advantage

Interested in speaking with the Aetherlux team? Use: Aetherlux Contact Us.

For all future updates, join Worksport's Newsletter.

Contacts
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

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, 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 is Worksport (WKSP) announcing about Aetherlux certification and timing?

Aetherlux is entering formal certification processes with targets in 2026. According to the company, AHRI performance and ENERGY STAR qualification are now expected within 2026, accelerating prior timelines and supporting planned North American deployment.

Is a government contract confirmed for Worksport's Aetherlux (WKSP)?

No procurement is confirmed; evaluation is ongoing by a large government entity. According to the company, the government is monitoring upcoming lab results as part of an internal evaluation that could accelerate supply discussions.

When does Worksport (WKSP) expect Aetherlux to generate revenue?

Worksport expects Aetherlux revenue in the second half of 2026. According to the company, revenue follows certification completion and early commercial deployments supported by inbound dealer interest.

What near-term manufacturing milestones did Worksport (WKSP) disclose for Aetherlux?

Manufacturing prototypes are scheduled to arrive in February 2026. According to the company, prototypes will be delivered to testing partners for structured performance and reliability evaluation in H1 2026.

How is Terravis Energy building its commercial team ahead of Aetherlux launch (WKSP)?

Terravis plans to formalize sales and hire senior commercial leadership as certification nears. According to the company, onboarding will include a Senior Vice President of Sales to support market entry and dealer demand.
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