Exhibit 99.1
Worksport
Ltd. (NASDAQ: WKSP) Launches New “Nexus” Tonneau Cover; Early Demand Signals Scalable Multi-Million Dollar Revenue Growth
and Expanding Distribution
Proprietary
single-side operation addresses key customer pain points; ~strong pre-order demand and early distributor demand support 2026
revenue guidance
West
Seneca, New York, April 20, 2026 — Worksport Ltd. (NASDAQ: WKSP) (“Worksport” or the “Company”), a U.S.-based
innovator and manufacturer of hybrid and clean energy solutions primarily for the light truck, overlanding, and global consumer goods
markets, is pleased to announce the official commercial launch and commencement of sales for
its highly anticipated Nexus Tonneau Cover, a premium tonneau cover, with innovative features previously unseen in the market.
Following
a successful production start on April 13, 2026, the Nexus cover is now available for purchase on the Company’s B2C
website and through its B2B distribution network. Early demand from established distributors with multi-million-dollar
annual purchasing capacity—supports management’s expectation that the Nexus platform can contribute millions in incremental
revenue in 2026, while accelerating adoption across existing and new sales channels.
The
Nexus cover introduces a newly engineered operating system designed to materially improve ease-of-use, safety, and speed for truck
owners. Unlike conventional folding tonneau covers that typically require users to walk around both sides of the vehicle to secure latches,
the Nexus features a proprietary system that enables full operation from a single side of the truck while maintaining full-bed
access. This design reduces repetitive movement, simplifies use in adverse conditions, and enhances safety in environments such as
job sites, roadside settings, and busy parking areas.
Strong
Market Validation and Financial Impact
Prior
to the official launch, Worksport received approximately $250,000 in pre-orders interest for the Nexus cover. These initial orders
are expressed from large-scale distributors with the capacity for multi-million-dollar annual purchase volumes, representing strong
early validation of the product’s value proposition and a meaningful signal of distributor confidence within the $4B
Tonneau Cover market.
Management
notes that this level of initial pre-orders reflects early channel alignment and expected demand scalability. The Nexus
launch is a key pillar in Worksport’s strategy to achieve its previously announced full-year revenue guidance of $35
million to $42 million.
Engineering
Excellence: The ‘Uplatch’ Advantage
Designed
by Worksport’s Missouri-based engineering team, the Nexus cover represents an evolution in traditional folding tonneau designs,
addressing longstanding usability challenges identified through customer feedback and field experience.
Traditional
full-access folding covers have remained largely unchanged for decades, often requiring multiple trips around the vehicle and
greater physical effort to lift and secure stacked panels. The Nexus addresses these limitations through its proprietary “Uplatch”
system, which enables the cover to automatically secure on both sides when positioned upright behind the cab, all while being
operated from a single side of the truck.
Internal
customer feedback and market observations indicated that multi-step operation, panel weight, and accessibility were among the
most common friction points with existing folding tonneau covers. The Nexus platform was engineered to address these challenges within
a single integrated design, enabling faster, easier, and more controlled operation.
Key
Technical Specifications:
| ● | Full
Bed Access: Optimized for maximum utility and cargo space. |
| ● | ‘Light
Weight’: Through the unique design, the cover is easier to lift |
| ● | Materials:
Constructed from heavy-duty 16-gauge aluminum substrate. |
| ● | Durability:
Finished with a specialized “Diamond Shield Finish” protective coating
|
| ● | Ease
of Use: Features a middle-panel pull strap for simplified operation for any truck |
| ● | Pricing:
MSRP ranging from $1,249 to $1,349, depending on vehicle application. |
Multimedia
Video
Investors
and customers are encouraged to view the Nexus Features and Benefits video to see the Uplatch system in action:
Nexus
- Features and Benefit Video
[https://www.youtube.com/watch?v=JCSySjMDDls]
Management
Commentary
Steven
Rossi, Chief Executive Officer of Worksport, commented:
“The
Nexus represents a meaningful step forward in tonneau cover design,” said Steven Rossi, Chief Executive Officer of Worksport.
“For years, users have had to work around the limitations of traditional folding covers - walking around the vehicle multiple times,
lifting heavier panels, and reaching into the bed to secure them. Nexus simplifies that entire experience into a premium, faster, safer
and single-sided operation. The early response from our distribution partners reinforces our view that practical innovation -
focused on real user challenges - drives adoption.”
Stay
tuned for more information and join our mailing list to stay up to date with the latest: 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.
