Worksport Ltd.
(Nasdaq: WKSP;
WKSPW) (“Worksport” or the “Company”), is proud to
announce that its groundbreaking COR battery system has officially
transitioned into the Test Phase. This significant progression
marks the beginning of intensive testing, anticipating a battery
solution that is resilient, durable, and perfectly suited to the
diverse challenges of today’s dynamic environments.
The Company’s COR system can be used both within
a pickup truck bed and independently without a pickup once it is
released. With a commitment to quality, toughness and innovation,
Worksport’s Test Phase will see the COR battery system undergo:
- Performance
evaluations in extreme heat and cold climates.
- Rigorous terrain
trials including rough landscapes and standard road
conditions.
- Examinations in
humidity, vertical drops, as well as splash water and spray
situations.
- Full-power
performance assessments over extended durations.
- Shock tests to
account for unforeseen events.
This diligent testing process will ensure that
the Company’s COR system will not only meet but exceed the
expectations of the modern user, ensuring the system’s adaptability
to both every day and extreme situations.
The commencement of the Test Phase aligns
seamlessly with Worksport’s recent announcement of the COR system’s
Alpha Release where the product will be placed in real-world
scenarios. The invaluable feedback anticipated from this Alpha
Release will serve as a cornerstone for additional improvements,
advancing the Company closer to its ultimate goal — an official
Mass Market Release of its COR battery system and the SOLIS solar
cover.
“As we step into this crucial phase, we're not
just testing a battery, we're challenging the conventions of what's
possible. Our dedicated team is committed to delivering a product
that resonates with the promise of uncompromising quality and
durability, and unmatched performance. This product could be in the
vehicles, homes and businesses of millions around the world. It
simply needs to be the best.” commented CEO Steven Rossi.
For further information, please visit
Worksport’s official website for investors
at investors.worksport.com.
About Worksport
Worksport Ltd. (Nasdaq: WKSP; WKSPW),
through its subsidiaries, designs, develops, manufactures, and owns
the intellectual property on a variety of tonneau covers, solar
integrations, and NP (Non-Parasitic), Hydrogen-based true green
energy solutions for the sustainable, clean energy, and automotive
industries. 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 NP (Non-Parasitic), Hydrogen-based technology. Terravis
Energy’s website is terravisenergy.com. For more information,
please visit investors.worksport.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. 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.
Worksport strives to provide frequent updates of
its operations to its community of investors, clients, and
customers to maintain the highest level of visibility.
LinkedInFacebookX (previously Twitter)InstagramYouTube
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 the Accounts to announce
Company news and other information. The information shared on the
Accounts could be deemed to be material information. As a result,
the Company encourages investors, the media, and others to review
the information the Company publishes on the Accounts.
In order to comply with Regulation FD, the
Company does not selectively disclose material non-public
information on any Account. If there is any significant financial
information, it is the policy of the Company to release it broadly
to the public through a press release or SEC filing prior to
publishing it on one of the Accounts.
For additional information, please contact:Steven
ObadiahInvestor RelationsWorksport Ltd.T: 1
(888) 554 8789 E: investors@worksport.com
W: www.worksport.com
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,” “expect,”
“future,” “intend,” “plan,” “project,” or the negative of these
terms and similar expressions, as they relate to us or our
management, identify forward‐looking statements. Forward-looking
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
condition 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 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.
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