Worksport Ltd. (Nasdaq: WKSP) (“Worksport” or the “Company”), an
innovative automotive accessory manufacturer dedicated to
developing clean energy solutions, announced today its strategic
move to integrate Gallium Nitride (“GaN”) semiconductors in its
upcoming product offerings. By choosing GAN semiconductors over
more prevalent silicon-based chips that fuel even the AI chip
leader, NVIDIA Corporation (“NVIDIA”), Worksport has embarked on an
innovative journey to advance its technology to new heights with
various partnerships, including a recently announced partnership
with Infineon Technologies AG, which is a leading producer of GaN
semiconductors.
The Shift Towards GaN
Silicone has been the dominant material for
semiconductor manufacturing for decades due to its widespread
availability and processing ease. NVIDIA built its industry
dominance on silicon-based semiconductors in its GPUs. The
contribution NVIDIA made to the semiconductor and computing
industry is undeniable, but the world, however, is approaching the
theoretical limit of how much more silicone-based technology can be
improved. Recognizing this, Worksport’s goal is to push the
boundaries of semiconductor innovation by integrating GaN into
future versions of its COR Mobile Battery Generator Systems. This
move is motivated by GaN’s potential to provide superior
performance, increased efficiency, and reduced size and weight
compared to conventional solutions.
The Advantages of GaN-based Semiconductors
Compared to silicon, GaN-based power switches
feature lower overall capacitances, especially considering they do
not have an anti-parallel body diode. GaN switches, therefore,
allow for faster switching speeds and reduced power losses. GaN is
also able to withstand higher temperatures than silicon. Worksport
believes that using GaN semiconductors will raise the bar for
efficiency, thermal management, and performance. Additionally, GaN
semiconductors are wide band gap devices, allowing them to
withstand much higher voltages than silicon-based devices while
also assuming smaller packages. This feature can result in power
converters with a much higher power density than typically found in
silicon-based switches.
By leveraging GaN technology, Worksport believes
that its future products will be able to deliver unmatched
performance while also consuming less energy, resulting in longer
battery life due to higher-efficiency power converters. Also, due
to GaN semiconductors’ enhanced efficiency, GaN-based power
converters irradiate less heat and have lower cooling requirements
and a reduced need for cooling fans, leading the Company to believe
it could make a more compact size of its power electronics.
Moreover, Worksport believes that by using GAN semiconductors, it
will be able to create more reliable and longer-lasting devices
while reducing the risk of overheating and performance
degradation.
Steven Rossi, Worksport CEO, expressed his
enthusiasm, “Worksport's adoption of GaN technology demonstrates
our commitment to staying ahead of the curve and providing our
customers with cutting-edge solutions that anticipate future trends
and technological advancements. With innovation as an integral part
of the Company’s DNA, we are committed to revolutionizing the power
electronics industries with its state-of-the-art solutions and
innovations.”
Rossi added, “Our integration of Gallium Nitride
(GaN) technology sets us apart as a forward-thinking leader,
committed to delivering unparalleled efficiency, performance, and
future-proof solutions for the power electronic devices of
tomorrow, emphasizing the importance of embracing emerging
technologies to unlock new value and bring the automotive industry
to the next level.”
NVIDIA made history with silicone-based
semiconductors, and Worksport believes it is positioned to
revolutionize the global power electronics industry with its
innovative power electronics solutions utilizing the latest
innovative semiconductors. With GaN's potential for further
optimization and future tech advancements, Worksport is poised to
lead the way in the industry's transition towards more efficient
and powerful electronic systems.
For more information about Worksport Ltd., the
SOLIS Solar Cover, and the COR Battery System, please visit
investor.worksport.com.
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, and NP (Non-Parasitic), Hydrogen-based true green
energy solutions for the sustainable, clean energy, and automotive
industries. 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 RAM,
Chevrolet, and GMC models from General Motors, as well as Ford,
Jeep, Nissan, and Toyota pickup trucks. 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
Connect with the Company on social media (X
(previously Twitter), Facebook, LinkedIn, YouTube, and Instagram)
and sign up for to receive 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.
LinkedIn
Facebook
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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.
For additional information, please contact:
Steven Obadiah, Investor Relations, Worksport Ltd.
T: 1 (888) 554 8789 E:
investors@worksport.com W:www.worksport.com
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forward-looking statements include, among others, the following:
(i) supply chain delays; (ii) acceptance of our products by
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including, without limitation, our Annual Report on Form 10-K and
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