Worksport Ltd

Worksport Ltd. designs, develops, manufactures, and owns the IP on a variety of tonneau covers, solar integrations, and non-Parasitic, hydrogen-based green energy solutions. The firm assists businesses by acquiring investment capital for continued growth and expansion while providing business development and marketing strategies, and offers its services in the United States and Canada. The company was founded on April 2, 2003 and is headquartered in Mississauga, Canada.

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Worksport achieves 581% revenue growth in Q3 2024, eyes clean energy market for future success

Worksport's Q3 performance reflects strong revenue growth and strategic initiatives to drive future profitability. By focusing on expanding B2B and B2C segments, launching new products, and entering the clean energy market, Worksport aims for sustained growth and enhanced financial performance in 2025.

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Worksport Ltd. engages in the designs, development, manufactures, and owns the IP on a variety of tonneau covers, solar integrations, and non-parasitic, hydrogen-based green energy solutions. The firm assists businesses by acquiring investment capital for continued growth and expansion while providing business development and marketing strategies, and offers its services in the United States and Canada. The company was founded by Steven Rossi on April 2, 2003 and is headquartered in West Seneca, NY.

Mississauga, April 12, 2022 (GLOBE NEWSWIRE) -- on February 22, 2022, Worksport Ltd. (Nasdaq: WKSP) (the “Company” or “Worksport”) and Hyundai America Technical Center, Inc. (“HATCI”) executed a letter of understanding in which both parties agreed that Worksport would produce prototypes of the Worksport SOLIS and a modified version of the COR energy storage system based on the Hyundai Santa Cruz's bed geometry (the “Project”).

Worksport and Hyundai America Technical Center, Inc., enter into a formal agreement to Produce Working Models of its SOLIS and COR for an Upcoming Hyundai Vehicle

Mississauga, April 06, 2022 (GLOBE NEWSWIRE) -- Worksport Ltd. ( Nasdaq : WKSP) (the “Company”) has filed its annual report with Securities and Exchange Commission.

Worksport Ltd 2021 Highlights

Mississauga, March 31, 2022 (GLOBE NEWSWIRE) -- Worksport Ltd. ( Nasdaq : WKSP) (the “Company”) has contracted leading manufacturers' representative firm, N.A. Williams Company, for category management setup of and operations, analysis, and reporting for eCommerce marketplaces including the Company's native platform, Amazon, eBay, and mass retail through Walmart, with NewEgg and Sears integrations at the Company's discretion. Serving national accounts, including, but not limited to, Advance Auto Parts, AutoZone, Costco, and Home Depot, N.A. Williams is well-equipped with industry professionals to manage an original equipment manufacturer such as Worksport.

Worksport Contracts N.A. Williams Company for eCommerce Marketplaces

Mississauga, March 25, 2022 (GLOBE NEWSWIRE) -- Worksport Ltd ( Nasdaq : WKSP) (the “Company”), seeking to capitalize on the growing shift of consumer mindsets towards clean energy with its proprietary solar and green hydrogen-based technologies, announced today that Chief Executive Officer Steven Rossi has been invited to present at the 2022 Virtual Growth Conference, presented by Maxim Group LLC and hosted by M-Vest, on March 28th - 30th from 9:00 a.m. - 5:00 p.m. EDT.

Worksport to Participate in the 2022 Virtual Growth Conference Presented by Maxim Group LLC and hosted by M-Vest on March 28th – 30th from 9:00 a.m. – 5:00 p.m.

Mississauga, Ontario, March 17, 2022 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP) (the “Company”) has appointed Mr. Thomas DiNanno, a Hudson Institute Adjunct Fellow, to its Advisory Board. During Mr. DiNanno's career, he has held several key U.S. Government positions with focuses in areas of national security and infrastructure. His experience and expertise are intended to influence the Company's ongoing efforts in the government sector.

Worksport Appoints Hudson Institute Adjunct Fellow, Mr. Thomas DiNanno, to Advisory Board

Mississauga, Feb. 08, 2022 (GLOBE NEWSWIRE) -- Worksport Ltd (Nasdaq: WKSP) (the “Company”) management has decided to delay the unveiling of brand new energy solutions from its subsidiary Terravis Energy a few weeks to ensure all technical details are accurate and appropriately organized. Additionally, innovations that have transpired these past few weeks need to be featured in their best light, requiring more preparation time.

Worksport Management Delays Terravis Energy Unveil

Mississauga, Dec. 15, 2021 (GLOBE NEWSWIRE) -- Worksport Ltd ( Nasdaq : WKSP) (the “Company”) continues adding to and developing its in-house IP portfolio focused on the sustainable energy markets. The Company now holds 30 patents and 24 trademarks to date, providing protective rights for its solar-integrated products, its Hydrogen fuel cell-powered systems, as well as its conventional tonneau cover products.

Worksport Strengthens In-House IP Portfolio focused on Sustainable Energy Markets

Mississauga, Dec. 08, 2021 (GLOBE NEWSWIRE) -- Worksport Ltd ( Nasdaq : WKSP) (the “Company”) continues its plan to become a global original equipment manufacturer (OEM). After a solid year of building, strategizing, and operational change management, the Company started due diligence on potential automotive manufacturers as of third quarter this year - - to actively seek out partners interested in solar integration programs.

Worksport Pursuing Plan to become a Global Original Equipment Manufacturer

Mississauga, Dec. 06, 2021 (GLOBE NEWSWIRE) -- Worksport Ltd ( Nasdaq-CM : WKSP) (the “Company”) announced today that it will be presenting virtually at the upcoming Sequire Clean Tech & EV Conference on Monday, December 6th, at 8:00 AM ET. Steven Rossi, Worksport CEO, will be giving the presentation.

Company to Present at Sequire Clean Tech & EV Conference.

Maxim analyst Tate Sullivan initiated coverage on Worksport Ltd (NASDAQ:WKSP) with a Buy rating and $8.00 price target, implying a 99% upside. The analyst is positive about the company selling new charging products for electric trucks, has started taking pre-orders for a new truck cover product that combines solar panels with batteries.

Maxim Bullish On Worksport, Sees Huge Upside

Worksport Ltd (NASDAQ: WKSP) reported a third-quarter FY21 sales decline of 19.8% year-on-year, to $0.093 million. The cost of sales declined 13% Y/Y.

Worksport Registers ~20% Sales Decline In Q3

Mississauga, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Worksport Ltd (Nasdaq-CM: WKSP) (the “Company”) reported financial results for the 2021 third quarter period ended September 30, 2021. Investors are encouraged to read the Company's quarterly report on Form 10-Q filed with the Securities and Exchange Commission (the “SEC”), which can also be found at www.worksport.com.

Worksport Reports 2021 Third Quarter Financial Results and Provides Business Update

Mississauga, Oct. 26, 2021 (GLOBE NEWSWIRE) -- Worksport Ltd ( Nasdaq-CM : WKSP ; WKSPW ) (the “Company”) has appointed Mr. Yosi Behar to its Advisory Board.

Worksport Appoints Yosi Behar, Founder of The Behar Group, to Advisory Board

Mississauga, Oct. 19, 2021 (GLOBE NEWSWIRE) -- Worksport Ltd ( Nasdaq-CM : WKSP ; WKSPW ) (the “Company”) announced today that Steven Rossi, CEO, will provide a company overview at the Dawson James Securities Small Cap Growth Conference on October 21, 2021 at the Wyndham Grand Hotel in Jupiter, Florida.

Worksport Presenting at Dawson James Securities 6th Annual Small Cap Growth Conference

Worksport (NASDAQ: WKSP) shares are trading higher after the company announced a joint collaboration with Greatcell Solar Italy. Financial details associated with the collaboration were not disclosed.

Why Worksport Shares Are Moving Today

Worksport Ltd (NASDAQ: WKSP) has entered into a collaboration with Greatcell Solar Italy. Greatcell, headquartered in Australia, creates low-cost, bespoke, renewable electricity transducers based on Perovskite Solar Cell technology that can compete against other forms of energy production in all lighting conditions.

Worksport Collaborates With Greatcell Solar Italy

Mississauga – September 28, 2021 -- Worksport Ltd (Nasdaq-CM: WKSP; WKSPW) (the “Company”) has appointed Mr. Sengkee Ahn and Mr.

Worksport Appoints Sengkee Ahn and Michael Timmons to Advisory Board

Image via Worksport On September 21, 2021, Worksport Ltd. (NASDAQ: WKSP) launches the first round of pre-orders where individual buyers and manufacturers can make a downpayment on the portable TerraVis™ solar power generation system.

Worksport Makes the Impossible Possible: Green-Energy Microgrid Systems Power EV Trucking and Off-Grid Lifestyling

Bayerische Motoren Werke AG

XPeng

Photo by Markus Spiske on Unsplash The EV revolution is happening with governments and automakers going full speed ahead to combat carbon emissions with all-electric vehicles. Many players joining forces in the attempt to win the race with the power of synergy.

BMW, XPENG and Worksport Switching Gears Forward

The stock price of Worksport Ltd (NASDAQ: WKSP) increased by over 24% during intraday trading today. This is why it happened.

WKSP Stock: Why It Significantly Increased Today

Image Source: Worksport The wait is almost over. After months of teasing, Worksport's (NASDAQ: WKSP) solar and battery technology, Terravis COR™ preorder site is imminent.

This Company Could Lead the Next Innovation in Power

TORONTO, Sept. 02, 2021 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP, WKSPW) (“Worksport” or the “Company”), a company that designs and distributes pickup truck covers called tonneau covers throughout the United States and Canada, including Tonneau covers that provide security and protection for cargo to personal pickup truck owners, today announced the closing of the sale of an additional 210,909 shares of its common stock at a price of $5.49 per share pursuant to the exercise of the underwriters' over-allotment option in connection with its public offering that closed on August 6, 2021, resulting in gross proceeds of approximately $1.2 million and bringing the total gross proceeds of the public offering to approximately $19.2 million.

Worksport Announces Closing of Underwriters' Option to Purchase Additional Shares of Common Stock in Connection with its Underwritten Public Offering

Worksport Ltd (NASDAQ: WKSP) has announced the formation of a wholly-owned subsidiary, Terravis Energy Inc. The move is in line with the company's aim to expand its energy creation and storage markets.

Worksport Forms Wholly-Owned Subsidiary Terravis Energy

Photo by Sharon McCutcheon on Unsplash Cash on hand is one of the most important financial statements for businesses.

What Worksport's $28 Million Cash on Hand Means for the Company and Shareholders

Mississauga, Aug. 17, 2021 (GLOBE NEWSWIRE) -- Worksport Ltd ( Nasdaq-CM : WKSP ; WKSPW ) (the “Company”) is moving into a new location which will serve as its headquarters and Canadian manufacturing facility. The new 55,000 sq ft office and facility is located at 7299 East Danbro Crescent, Mississauga, Ontario L5N 6P8, Canada.

News for Worksport Ltd Stock (WKSP)