Welcome to our dedicated page for Worksport news (Ticker: WKSPW), a resource for investors and traders seeking the latest updates and insights on Worksport stock.
Worksport Ltd. (Nasdaq: WKSP; WKSPW) generates frequent news as it advances tonneau covers, solar integrations, and clean energy systems for pickup trucks and related markets. Company updates often highlight progress on its SOLIS Solar Cover, the COR Battery System, and hard-folding tonneau covers produced at its New York State manufacturing facility, giving investors and industry followers insight into product development and manufacturing scale-up.
News items for WKSP and WKSPW commonly cover topics such as record revenue growth, production milestones for AL3PRO and other hard-folding covers, and distribution agreements that expand access to Worksport products. Releases also discuss clean-tech initiatives, including the integration of Gallium Nitride (GaN) semiconductors in portable power stations through a collaboration with Infineon Technologies AG, and development work within the Terravis Energy subsidiary on NP (Non-Parasitic), hydrogen-based solutions and a cold climate heat pump concept.
Investors tracking Worksport news can expect regular updates on the anticipated launch and testing phases of the SOLIS Solar Cover and COR Battery System, including Alpha releases, pre-order plans, and compatibility work for truck models such as those from Ford, General Motors, Stellantis, Nissan, Toyota, and others. Company communications also address OEM-related discussions, an active partnership with Hyundai for SOLIS, and early planning for applications like the Ford F-150 Lightning.
This news feed brings together Worksport’s press releases and related coverage so readers can follow developments in its automotive accessories, solar integrations, mobile energy storage systems, and capital markets activities linked to WKSP and WKSPW. For those monitoring the intersection of pickup truck accessories and clean energy technology, the Worksport news stream provides ongoing context on the company’s operations and strategic direction.
Worksport Ltd (Nasdaq: WKSP; WKSPW) has launched a pre-order portal for its innovative solar-integrated tonneau cover and COR mobile energy storage system (ESS). The portal enables customers worldwide to secure these products ahead of the large-scale production set to begin in Q1 2022. The Terravis system harnesses solar energy for charging, with features like 'hot-swap' technology for quick battery changes. Management anticipates significant growth in revenue streams as the company aims to tap into diverse markets, including emergency and military applications.
Worksport Ltd (Nasdaq: WKSP; WKSPW) announced that CEO Steven Rossi will present at the Benzinga Electric Vehicles Conference on September 22, 2021, at 11:10 am. The event is virtual, and interested investors can register to view the presentation online. Additionally, management will conduct one-on-one meetings with institutional investors. Worksport focuses on designing and manufacturing tonneau covers and solar energy solutions, aiming to meet the rising demand for clean energy technologies in the automotive sector.
Worksport Ltd (Nasdaq: WKSP; WKSPW) has announced the countdown to the launch of its Terravis System, a solar-integrated tonneau cover and COR mobile Energy Storage Systems (ESS). Pre-orders will begin on September 21, 2021, at 8:00 AM EST via goterravis.com. The Company expects high demand, with management projecting annual revenues in the 9-figure range. Financing options will be available for customers. The Terravis System aims to broaden Worksport's revenue streams significantly.
Worksport Ltd (Nasdaq-CM: WKSP; WKSPW) announced a collaboration with Ontario Tech University to develop non-parasitic hydrogen solutions through its subsidiary, Terravis Energy. This $2.3 million project is jointly funded by Worksport and the Canadian Government and aims to create green energy solutions over a two-year span. The project involves R&D teams and access to the Ontario Tech-Automotive Center of Excellence, facilitating innovations in clean energy and hydrogen fuel technology.
Worksport Ltd (Nasdaq: WKSP; WKSPW) announced its participation in the H.C. Wainwright 23rd Annual Global Investment Virtual Conference from September 13-15, 2021. The company, focusing on solar-based accessories for light-duty trucks, is collaborating with Ontario Tech University for clean energy research through its subsidiary Terravis Energy, Inc. CEO Steven Rossi will discuss partnership discussions with a multinational OEM and a notable EV start-up during the conference.
Worksport Ltd. (Nasdaq: WKSP, WKSPW) announced the closing of an additional sale of 210,909 shares at $5.49 each, generating approximately $1.2 million in gross proceeds. This sale stems from the underwriters’ over-allotment option related to a public offering completed on August 6, 2021. The total gross proceeds from this offering now reach around $19.2 million. The offering was managed by Maxim Group LLC.
Worksport Ltd (Nasdaq: WKSP, WKSPW) announced the formation of Terravis Energy, Inc., a wholly-owned subsidiary aimed at leading in the energy creation and storage markets. This decision came after significant research into solar and energy storage systems unveiled greater opportunities. Lorenzo Rossi has been appointed President & CEO, emphasizing innovation in renewable energy. The energy storage market is projected to reach $19.7 billion by 2027, with a 20% CAGR. CEO Steven Rossi indicated plans for green energy solutions and hydrogen-based EV charging.
Worksport Ltd (Nasdaq: WKSP, WKSPW) has appointed U.S. Ambassador Ned L. Siegel and William J. Caragol to its Board of Directors, effective June 30, 2021. The company emphasizes its commitment to decarbonizing transportation and advancing clean energy. Amb. Siegel's extensive government experience is expected to facilitate new relationships with agencies like FEMA, while Caragol brings valuable technological and advisory expertise. These appointments aim to strengthen Worksport's position in the green energy automotive sector and promote innovative products, including the TerraVis™ system.
Worksport Ltd (Nasdaq: WKSP; WKSPW) is relocating to a new 55,000 sq ft headquarters and manufacturing facility at 7299 East Danbro Crescent, Mississauga, Ontario. This move supports the growing tonneau cover business, enabling improved manufacturing processes for the TerraVis solar-powered tonneau cover and COR battery systems. The facility will also automate production processes, addressing labor challenges. Worksport aims to enhance its manufacturing capabilities and will keep investors updated on operational progress.
Worksport Ltd. (Nasdaq: WKSP; WKSPW) announced the development of a new EV-related product called NPEV, aimed at transforming the green energy market. This initiative aims to support the decarbonization of transportation. With a strong engineering team, Worksport plans to update investors on its capital allocation for long-term growth. Currently, the company holds approximately $29 million in cash, equating to around $2 per share, and is positioned for future growth in the EV and sustainable energy sectors.