Worksport's US$4 million European Machine Line Arrives at Company’s New York Factory.
March 14 2023 - 8:00AM
Worksport Ltd. (Nasdaq: WKSP; WKSPW) (the “Company” or
“Worksport”) is excited to announce that its
US$4 million custom European manufacturing line has arrived at
the Company’s 222,000 sq. ft. factory in Western N.Y. – one month
earlier than initially scheduled. The Company anticipates making
final preparations for the American production of its advanced,
hard-folding tonneau cover -- and later, the proprietary SOLIS
solar-charging tonneau cover -- for the growing pickup truck
market.
The Company plans to start installing the
manufacturing right away and expects the installation to take
several weeks, after which it plans to start several weeks of
training before it will conduct numerous test runs.
Worksport's hard-folding tonneau covers are
expected to be market ready upon production. The newly
redesigned COR advanced hot-swap battery system must be
tested and completed before its companion SOLIS cover can be
sold.
"All of us at Worksport were so proud to have
this advanced European manufacturing line delivered to our New York
factory," said Worksport CEO Steven
Rossi. "It confirms our strategy of sourcing this machine so
that American production of our hard-folding tonneau covers
can begin. We anticipate beginning installation and training
immediately so that we can deploy the manufacturing line as
soon as possible. And when that happens, we believe Worksport
will be well on the way toward our long-predicted goal of revenue
growth."
About Worksport
Ltd.
Worksport Ltd. (Nasdaq: WKSP; WKSPW), through
its subsidiaries, designs, develops, manufactures, and owns the IP
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
Ltd. 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. For more
information, please visit www.worksport.com.
Connect with
Worksport:
Please follow the company’s social media
accounts
on Twitter, Facebook, Linkedin, YouTube, and Instagram,
as well as sign up for the company’s newsletters
at www.worksport.com. Worksport Ltd. strives to provide
frequent updates of its operations to its community of investors,
clients, and customers to maintain the highest level of
visibility.
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For additional information, please
contact:Steven ObadiahInvestor RelationsWorksport Ltd.
T: 1-(888)
554-8789E: investors@worksport.comW: www.worksport.com
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condition to differ materially from those indicated in the
forward-looking statements include, among others, the following:
supply chain delays, acceptance of our products by consumers,
delays in or nonacceptance by third parties to sell our products,
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 Securities and Exchange
Commission (SEC), including our Annual Report on Form 10-K and our
subsequent Quarterly Reports on Form 10-Q. Investors and security
holders are urged to read these documents free of charge on the
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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
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