Worksport Ltd. (Nasdaq: WKSP) (“Worksport” or the “Company”) is
proud to announce a new distribution partnership with Dix
Performance North, Canada’s leading wholesaler of aftermarket car
and truck products. Dix Performance North - renowned for providing
parts for all major car and truck brands, including industry giants
like Ford, General Motors, Toyota, Hyundai, and Stellantis - will
now include Worksport’s esteemed covers in their extensive catalog.
This strategic alliance is expected to make Worksport’s range of
covers widely available throughout Canada, promising to accelerate
partnership growth and contribute to significant sales and revenue
increases.
This partnership follows the successful
appearance of Worksport’s Director of Business Development, Steve
Raivio, at the prestigious automotive show earlier this week hosted
by Dix Performance North, which saw participation from all major
brands and manufacturers in the automotive industry.
During the show, new orders were placed for
Worksport’s hard-folding tonneau covers, with expectations of
further orders as the Company’s products continue to garner
attention. Dix Performance North currently offers over 220 product
lines from the industry's most respected brand names and focuses on
performance parts, vehicle accessories, light truck performance for
both gas and diesel engines, truck accessories, car audio, and
remote car starters. This includes but is not limited to names like
Ford, General Motors, Toyota, Hyundai, and Stellantis.
Steve Raivio highlighted the enthusiastic
reception of Worksport products at the show, noting their
impressive performance during a rain storm, where they successfully
protected cargo from the elements. “The AL3 Pro Hard Folding cover,
showcased on a General Motors truck, is a testament to Worksport’s
commitment to quality and compatibility with a broad range of
popular truck models, including RAM by Stellantis, GMC and
Chevrolet by General Motors, Ford, Jeep by Stellantis, Nissan, and
Toyota,” Raivio added.
As the sales tour progresses, Worksport
anticipates new developments and partnerships and is committed to
keeping investors updated on the Company's growth and
expansion.
“Partnering with Dix Performance North is a
milestone for Worksport that will significantly enhance our
distribution capabilities across Canada,” said Raivio. “Our
products are designed to meet the highest standards of quality and
functionality, and we are thrilled to see that reflected in the
positive response at the automotive show. We believe that this
partnership will open up new avenues for growth and enable us to
reach more customers with our innovative truck covers.”
For further information, please visit
Worksport’s official website for investors at
investors.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 currently maintains 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. 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.
For additional information, please contact:
Steven Obadiah, Investor Relations, Worksport 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,” “should," or the negative of
these terms and similar expressions, as they relate to us or our
management, identify forward‐looking statements. As Worksport
continues to innovate and expand the product line, it's important
to clarify the compatibility of Worksport's hard-folding cover.
This advanced accessory is designed to fit a variety of popular
truck models, including RAM by Stellantis, GMC and Chevrolet from
General Motors, Ford, as well as Jeep by Stellantis, Nissan, and
Toyota pickup trucks. While we are proud of the broad compatibility
of our product, we would like to emphasize that this does not imply
exclusive partnerships with RAM by Stellantis, GMC, Chevrolet from
General Motors, Ford, Jeep by Stellantis, Nissan, and/ or Toyota.
Our commitment remains to provide high-quality, versatile truck
accessories that meet the needs of a diverse range of customers and
their vehicles. This statement looks forward to the possibilities
that lie ahead while recognizing the current scope of our product's
reach and compatibility. This statement applies to RAM by
Stellantis, GMC and Chevrolet from General Motors, Ford, as well as
Jeep by Stellantis, Nissan, and Toyota, and to any other model for
which we have not officially announced a partnership. Terravis
Energy, a fully-owned subsidiary of Worksport LTD, may reference
companies such as Tesla as examples for market development, given
Tesla's development of a heat pump. However, this does not imply
that Terravis Energy has established a partnership with Tesla.
Similar references to companies like Tesla in examples or
explanations are purely informational and are used solely for the
purpose of illustrating market trends or technological
developments. 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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