Worksport completes sample production of hard-folding truck bed covers for shipment to potential private-label customers.
May 10 2023 - 8:00AM
Worksport Ltd. (Nasdaq: WKSP; WKSPW) (the “Company” or
“Worksport”) is pleased to announce that it has completed its
production of samples of the Company’s hard-folding light truck bed
covers at its West Seneca, N.Y. manufacturing facility. The covers
are expected to be shipped to potential clients interested in
purchasing large quantities of the Company’s US-assembled products.
“Completing our hard-folding cover samples is
yet another milestone on the Company’s path to generating revenue
across its product lines,” said Worksport CEO, Steven Rossi. “As
forecasted earlier in the year, we intend to assemble this
market-leading product domestically for the multi-billion-dollar
light truck industry. We have invested substantially in R&D and
are pleased to design and assemble the products in North America.
Based on the samples, we look forward to receiving product feedback
from our potential private-label customer.”
With the Company’s manufacturing line delivered
and installed last month and currently undergoing testing, along
with Company employees undergoing training, Worksport's
hard-folding tonneau covers are expected to be market-ready upon
production. The Company will update investors when this process is
completed.
“The anticipated interest in hard-folding light
truck covers assembled in our American factory confirms the
Company’s strategy of sourcing this manufacturing line. Soon, the
delivery of our hard-folding tonneau covers from our U.S. factory
can begin,” Rossi said. “All of us at Worksport will be very proud
to get these products off the line and into the hands of our
partners and consumers, who have told us they are eagerly awaiting
them. We believe Worksport will be well on the way toward
our long-predicted goal of revenue growth once production can
start.”
Following customer feedback, the Company intends
to provide updates to investors and shareholders regarding the
Company’s hard-folding tonneau cover production. The Company also
anticipates providing additional information about the Company’s
newly-redesigned COR advanced hot-swap battery system,
which must be tested and completed before its companion SOLIS
solar tonneau cover can be produced and sold.
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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forward-looking statements include, among others, the following:
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delays in or nonacceptance by third parties to sell our products,
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detailed information about the Company and the risk factors that
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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
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