Worksport Ltd (WKSP)

[Ambro24]

$31,000 PATHETIC. Please stop pumping and start being a lot more concerned with this company earning revenues/profits. The have a lot to redeem themselves for. These last couple years have been miserable to hold this stock. Profits/Revenues NOW!!!!

[Mrhenry]

Yeah ! I believe it would be wiser to stay onto this stock given its increasing market cap since I anticipate it will provide profitable returns.

[Mrhenry]

Worksport is committed to leading the charge in the creation of green energy solutions. The price of this stock has fluctuated often, reaching a 52-week high of $2.99, and it is a very active stock on the NASDAQ.

[buckyboy]

Q is filed.

Loss of 3.5Mish from ops
1.6M inventory
10Mish in cash and cash equivalents
Sales continue to suck wind...31K

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001096275/000149315223017146/form10-q.htm

[MrAlon]

WKSP is a good option for the astute stock market enthusiast due to its strong trading volume and remarkable market cap.

[Ambro24]

It was never real in the past because they had no revenues (well, since 2019 anyway), or pathetic revenues.

If WKSP can establish meaningful revenues 5-10 Million a year to start, which is quite modest, we will go up and stay up. Massive jumps will occur if CORR and Solis ever become more than the half assed attempt seen in the last 2 years. This last week was a good preview of what's to come...I hope.

[Keepinitsimple]

You think this is for real this time?

[2times2]

[Charlie V]

https://investors.worksport.com/worksport-completes-sample-production-of-hard-folding-truck-bed-covers-for-shipment-to-potential-private-label-customers/

Richmond Hill, Ontario, Canada, May 10, 2023 — 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.

[buckyboy]

Coming very soon if the current trading acuity continues. No reason for the chart to fail as the company is on the cusp of production in Buffalo.

GLTA

[buckyboy]

Nice progress. Production line still not complete as they continue to build out the assembly portion.

PR on April 20th indicated soft cover availability for nine major OEM brands. I have to assume these covers are coming outo f China. Still a very long supply chain. Also assuming this new production and assembly line will initially focus on hard covers. Based on today's PR I would not expect full production until late Q3 (i.e. Sept).

I also don't believe we see SOLIS/COR until 2024.

Still making progress though.

[Charlie V]

May 4, 2023
- Press Release
Worksport Completes Installation of Custom Manufacturing Line, Ready for Training, Tests and Finalization of Assembly Line for Production
https://investors.worksport.com/worksport-completes-installation-of-custom-manufacturing-line-ready-for-training-tests-and-finalization-of-assembly-line-for-production/

Richmond Hill, Ontario, Canada, May 4, 2023 — Worksport Ltd. (Nasdaq: WKSP; WKSPW) (the “Company” or “Worksport”) is pleased to announce that it has completed the installation of its US$4 million custom European manufacturing line, which was delivered to the Company’s facility in West Seneca, New York earlier than expected this past March, allowing Worksport to begin rigorously training its staff and testing the machinery. The training phase is expected to take several weeks, followed by numerous manufacturing line test runs. The Company has also started to build out the assembly line.

Many of the Company’s staff members expected to undergo training were hired at the Company’s recent Job Fair at its 220,000 sq. ft. West Seneca, N.Y. factory and are primarily local residents. Worksport’s mission includes being a positive force — and an employer — in its local community. The Company will update investors when all key hires are completed.

“We are so excited to have reached yet another significant Worksport milestone, the installation of our manufacturing line,” said Worksport CEO Steven Rossi. “We can clearly envision the American production of our advanced, hard-folding tonneau cover at our wholly-owned factory. Then, in due course, we expect to produce the proprietary SOLIS solar-charging tonneau cover at this same facility. That will be a great moment for the Company — long planned and anticipated by both customers and investors, representing yet another step forward on the path to the goal of revenue growth.”

When production begins, Worksport’s hard-folding tonneau covers are expected to reach the market right away. The Company will also provide an update on its newly redesigned COR HD advanced hot-swap battery system, which must be tested and completed before its companion SOLIS cover can be sold. The Company will continue to inform investors as each of these milestones occur.

[buckyboy]

B2B is Private Label. Nice to know that demand is still there. Branding/marketing efforts not really needed for B2B. They already know WKSP covers are among the best and are willing to put their company name on them!! Q2 and beyond going to start some very exciting times for shareholders IMO. It has been a very long bumpy road with many twists and turns and clearly some dead ends that required changes in direction.

Steven Rossi
@StevenRossiWKSP
·
21h
Replying to
@john_boy_spurs
We will be rolling out strong marketing once B2C sales begin. Right now we have a massive B2B demand and will start with this business, rolling out B2C in summer.

World class marketing efforts, no doubt.

[Charlie V]

https://techbullion.com/worksport-unveils-wide-range-of-tonneau-covers-for-major-truck-brands/

The Broad Range of Worksport Tonneau Covers
Steven Rossi, Worksport CEO, highlighted the company’s dedication to providing a Worksport cover for almost every light truck on the market. With configurations designed for nine of the most widely sold pickups, Worksport is set to tap into a significant opportunity within the large and expanding automotive growth market. The extensive range of configurations includes:

Chevrolet – 14 covers for Chevrolet Silverado and four covers for Chevrolet Colorado trucks.
Stellantis Brands – Two covers for Dodge Dakota Models, two covers for Jeep Gladiator, and ten covers for RAM.
Ford – 21 configurations for the F-150 model—North America’s best-selling light truck—along with the Super Duty, Ranger, and Maverick models.
Nissan – 11 different configurations for Nissan Titan and Frontier models.
Toyota – 14 units for both Tacoma and Tundra models.
Honda – 2 covers for the Honda Ridgeline series.
Hyundai – One cover for the Hyundai Santa Cruz.

[Ambro24]

Yeah, I remember calling Rossi out on the batteries after it was listed as a major issue in the company PR. He told me on Twitter "Batteries??? there is no problem with batteries!!!! It has been a pretty good few days here and we may be getting closer to some production, even if it is not exactly what most of us are looking for. I do think profits may be higher per unit for the time being on standard covers due to lower production costs. Speed of manufacture may also help for now. Anything would be nice!

[buckyboy]

That's always been the bet eh! Actually, hundreds of millions at some point. Way back when Rossi indicated they could get 50 - 100M of the traditional cover market. Most of his previous revs were from Private Label in the past. Building a standalone brand is a very lengthy process in most cases.

Buffalo starting to produce in earnest by the end of May. So far sales have been muted. Let's see if AU Media and on-line websites like Amazon, Ebay, Wal-Mart, and WorkSport can drive sales...along with what I expect will be a continuation of Private Label sales.

Shit, I'll open a Lemonde Stand in front of the Plant and donate my revs to the company.!!

[2times2]

Revenues soon enough will be in the millions.

[2times2]

$5, $10, $15 within a year or two, rather

[buckyboy]

I asked Rossi for clarification on where manufacturing will happen. Hopefully it's West Seneca.

That being said, IMO COR may not be ready for market this year. Just spit balling here. I have gone from very optimistic to pessimistic. I do believe the product will eventually hit the market. I think their long supply chain to China for these batteries combined with added testing after each change is accomplished lends itself to a very lengthy process. Do I think Rossi misled investors on the status and production start for COR? Yes, I do.

SOLIS is now earmarked strictly for OEMs. They were actively working with Hyundai.. We have no idea if they still are. Zero updates. IMO SOLIS may never see a truck bed. Not sure if OEMs will integrate the product into their production lines for 5.6 miles of additional driving capability on a prefect day.

Traditional covers can indeed get this company to the 50 - 100M gross sales range. Private Label contracts may help expedite this growth.

We shall see. The entire reason they conducted a R/S, got a NASD listing, and received 20M in capital (i.e. to push solar products to market) is now very murky IMO. SOLIS may be a bust. Again, we shall see.

[Charlie V]

Worksport Ltd. (NASDAQ:WKSP, WKSPW))))) (the "Company" or "Worksport") is excited to announce that its advanced, industry-leading folding soft tonneau covers for light-duty trucks are anticipated to be available in the next 4 weeks in a wide range of sizes and configurations to serve pickup trucks from nine automotive manufacturers: Chevrolet, Jeep, Dodge, RAM, Ford, Nissan, Honda, Hyundai, and Toyota through Worksport's ecommerce platform on www.worksport.com.  
"When we say there is a Worksport cover for nearly every light truck, we mean it," said Worksport CEO, Steven Rossi. "This announcement of configurations for nine of the most widely sold pickups is another major achievement in the Company's year of milestones and reflects an incredible amount of dedicated work from the production staff. It is expected to be a significant opportunity for Worksport to reach a broad range of buyers with an essential product in a large and expanding automotive growth market." 
For GMC, Worksport provides 14 covers for Chevrolet Silverado trucks and 4 covers for Chevrolet Colorado trucks. For the Stellantis brands, Worksport provides 2 covers for Jeep Gladiator trucks, 2 covers for Dodge Dakota trucks, and 10 covers for RAM trucks. Worksport's Ford lineup includes 21 configurations for the F-150 model—North America's best-selling light truck—along with the Super Duty, Ranger, and Maverick models. 
For the Asia-based global automotive giants, Worksport has developed 11 distinct configurations for the Nissan Frontier and Titan brands, 14 units for the Toyota Tundra and Tacoma lines, 2 for the Honda Ridgeline series, and a distinctive cover for the Hyundai Santa Cruz. 
"As the Company moves toward its long-anticipated goal of revenue growth, the impressive breadth of our line of patented and proprietary folding truck covers is expected to be another example of a promise fulfilled," said Rossi. "We said we hoped to serve many of the best-selling light trucks, and we have created a broad range of models for them. Light truck owners can be confident that whatever the size of their truck bed or brand they drive, there is a Worksport product to protect and cover their truck beds." 
Worksport said it expects to announce new product developments for other brands and will keep investors updated as soon as that information is available. 

[oregon 1]

Looks like this is going back to $1.00

[Charlie V]

https://investors.worksport.com/worksport-ceo-steven-rossi-recaps-company-progress-at-electric-vehicle-and-auto-tech-virtual-conference/

Richmond Hill, Ontario, Canada, April 12, 2023 — Steven Rossi, CEO of Worksport Ltd. (Nasdaq: WKSP; WKSPW) (the “Company” or “Worksport”), appeared recently as a panelist at the Electric Vehicle and Auto Tech Virtual Conference presented by Maxim Group, where he discussed progress at Worksport and TerraVis Energy.

On March 30, 2023, Rossi joined the conference’s “New EV Charging Solutions & Products” panel where he discussed Terravis Energy’s recent installation of two proprietary direct current (DC) electric vehicle (EV) fast charging stations at Worksport’s West Seneca, NY factory. The two stations, each rated at 120 kilowatt-hours (kWh), are currently being used to provide power to the Company’s employees’ and stakeholders’ electric vehicles. “We believe that our EV charging solutions are among the best in the market because of their advanced technology, superior engineering, safety features, and user-friendly interfaces,” Rossi informed online conference attendees and co-panelists.

Rossi also spoke about customer interest in Worksport’s products, and commented that the demand for the COR battery system is anticipated to be higher than previously thought and said one of its unique features was that “anything that can be plugged into a wall outlet” could be plugged into the COR system. “With clean portable electricity,” Rossi said, “the COR battery system provides off-grid power, and changes the dynamics of the workplace, campsite or even a natural disaster or accident.”

In his closing comments, Rossi commented, “We believe we are in a strong positive position and remain on track towards executing our product development projects to create revenue generation, profitability and strong shareholder value in a volatile market.” The panel was hosted by M-Vest, presented by the Maxim Group and moderated by Tate Sullivan, Research Analyst at Maxim Group. Panelists included David Bibby, CEO Hypercharge, George Murickan, President of Pioneer Power Mobility, and Boaz Weizer, CEO, Zooz Power.

[Ambro24]

The problem with sales being bad in 2022 stems from no production here and limited or no production in China. Sorry, I don't buy company PR for an instant. If we can do 10x as much in China, why aren't we? I hope the problems are because of general problems in China/transit and not because they (China) are stabbing us in the back. CORR is taking forever. We are clearly stalling for time. I remember when some here thought for sure it would be certified by 2021 Summer, not to name names of prior posters. Are we going to get to spring and then just need " 3 more months for another crucial piece of equipment"? LETS GET THIS PARTY STARTED!!!! I think we are a lot closer to where many thought we were 2 years ago.

[buckyboy]

This is where the future capital raise will come from. All known news. This is also why a PPS above 5 dollars would be really nice.

On September 30, 2022, we filed a shelf registration statement on Form S-3 (File No. 333-267696), which was declared effective by the SEC on October 13, 2022 (the “Form S-3”), containing a base prospectus covering the offering, issuance and sale by us of up to $30,000,000 of our common stock and prospectus supplement covering the offering, issuance and sale by us of up to $13,000,000 of our common stock that may be issued and sold under an At The Market Offering Agreement dated as of September 30, 2022 (the “ATM Agreement”). Pursuant to the ATM Agreement, H.C. Wainwright & Co., LLC (“Wainwright”) is entitled to a commission equal to 3.0% of the gross sales price of the shares of common stock sold. As of the filing date of this Annual Report on Form 10-K, no securities have been sold pursuant to the Form S-3.

[buckyboy]

Lots of good info in this K. Sales sucked 2022. But, we knew that. Actually, Ks should offer no surprises.

Worth a read if you're an investor. 2nd half 2023 is hopefully an exciting time..

[buckyboy]

For the year ended December 31, 2022, revenues from our entire line of products was $116,502, as compared to $303,750 for the year ended December 31, 2021. The year-over-year sales decreased by approximately 62%. For the year ended December 31, 2022, revenue generated in Canada was $14,572, as compared to $40,683 for the same period in 2021, a decrease of 64%. For the year ended December 31, 2022, revenue generated in the United States was $101,930, compared to $263,067 for the same period in 2021, a decrease of 61%.



Revenue decreased for the year ended December 31, 2022 compared to the prior year due to our focus on establishing new business-to-consumer and business-to-business sales channels, while strengthening the support of those channels to increase customer satisfaction and enable high product turnover once domestic production begins. For business-to-consumer channels, we established our own e-commerce platform as well as listed our products on online marketplaces including eBay, Amazon, and Walmart. For business-to-business channels, we updated our terms and conditions, created improved product brochures for distributors, strategically created a Minimum Advertised Price policy to prevent our business-to-consumer channels from interfering with our business-to-business channels, established sales representation across the continental U.S. by forging relationships with various sales agencies, and more. We intend to begin domestic manufacturing in the second quarter of fiscal year 2023, barring unforeseeable delays, and gradually increase output capacity through refined production processes and increased personnel during following quarters.



Sales from online retailers of our products decreased from $263,116 in 2021 to $101,930 in 2022, a decrease of 61%, due to our focus on establishing new sales channels. Online retailers accounted for 87% of total revenue for the year ended December 31, 2022 compared to 87% for the year ended December 31, 2021. Distributor sales decreased for the year ended December 31, 2022 compared with the year ended December 31, 2021, with sales of $14,572 and $40,349, respectively. We expect to continue to grow our fields of business as we develop unique products with enhanced utility to offer to other prospective clients in the US and Canadian markets.

We currently support a network of dealers, distributors, and independent resellers, and we will continue to expand our business and online sales channels in 2023.

[buckyboy]

We distribute our tonneau covers in Canada and the United States through an expanding network of wholesalers, private labels, distributors, and online retail channels, including eBay, Amazon, Walmart, and our own e-commerce platform hosted on Shopify. Distribution via each aforementioned channel is expected to increase during 2023. We have pursued and will continue to pursue relationships with Original Equipment Manufacturers with the intention of distributing through them as well.

The specialty equipment aftermarket consists of three major types of customers, which include master warehouse distributors and big box stores, dealers and wholesalers, and retail end consumers. Master warehouse distributors and big box stores stock and distribute products to their customers, which are usually local dealers and wholesalers. Dealers and wholesalers are local stores which sell products to some businesses and retail consumers in their area and online. Dealers purchase most of their products from their local distributor who deliver to them regularly. Retail end consumers are the end users of the products.

[buckyboy]

As of December 31, 2022, all Worksport tonneau covers were manufactured in a facility located in Meizhou, China according to Worksport’s specifications, schematics and blueprints. We believe production at the factory can be increased within 30 days to facilitate volumes up to ten times the current output without any adverse effects on quality or craftsmanship.

We have purchased many production tools including injection molds, die cast molds, extrusion dies, and stamping dies – many of which are residing among foreign suppliers who are currently utilizing said tooling to produce needed components for manufacturing or assembly within the USA. We are concurrently diversifying this list raw material suppliers who can use our production tools to continue producing our tonneau cover components, should trade with any particular or preferred raw material supplier become more expensive or difficult.

In May of 2022, we purchased a 152,847 square foot production facility for domestic production, storage, and distribution, located in West Seneca, New York. We have received the majority of all manufacturing equipment deemed necessary to begin production, and we are in the process of installing and testing those machines, as well as training personnel to use those machines. Management believes that having manufacturing capability in North America will increase quality control and production efficiency, as well as lower landed costs and geopolitical risks.

Our Plant-Readiness Team believes that we will begin initial, basic manufacturing and/or assembly at our USA-based production facility within the second quarter of fiscal year 2023, improving our process on an on-going basis.

[buckyboy]

The COR or COR ESS (energy storage system) is a modular, portable power station uniquely designed to mount to the inside of a pickup truck bed and enable battery swapping without an immediate drop in power output. The COR built-in inverter with an output voltage of 120V AC (frequency of 60Hz) is capable of powering loads up to 3000W. Combined with its modular 48V batteries, it can store up to 6kWh of energy on the go. Each additional modular battery adds 1.5kWh of energy storage. The COR main battery, a Lithium battery, boasts a capacity of 1534Wh while its Hot Swap Lithium Iron Phosphate (Li-LFP) battery has a capacity of around 200Wh. The system allows Bluetooth connection for monitoring and controlling the COR system and its external batteries.

Not only does the COR system allow users to swap a depleted battery for a fully charged one, but it does so without a drop in power output for up to 15 seconds with a load of 3000W. This unique feature allows the COR system to be used in a variety of applications, including but not limited to sporting and outdoor activities, disaster relief and general emergencies, and vocational activities ranging from contractor to drone operator. While the COR system is designed to nicely complement the SOLIS tonneau cover, it will be purchasable as a standalone product – allowing consumers to utilize stored energy, whether captured via grid or grid-independent energy sources, anywhere. As Worksport’s first step into the energy storage market, the COR system is Worksport’s pioneer product within its future COR platform.

[buckyboy]

The SOLIS cover is intended to be sold as an Original Equipment Manufacturer product, as it can be integrated into the design of leading electric pickup trucks; consequently, we have and will continue forging relationships with electric pickup truck manufacturers, including but not limited to Workhorse, Atlis, Bollinger, and Hercules as well as Toyota, Stellantis, General Motors, Ford, Nissan, and Rivian.

The solar panels that we plan to integrate into the SOLIS cover are capable of generating 170-180 watts per square meter. For example, as tested outdoors, the SOLIS cover is capable of generating approximately 460 watts of power on a RAM 6’5” truck bed. When integrated into the design of an electric pickup truck, this power generation can be converted to additional vehicle mileage. The specific added mileage is dependent on many factors including but not limited to region of the world in which the vehicle is driven, weather conditions, season, temperature, hours of sun light per day, and average irradiance. For example, assuming a solar power density of 170 W/m2, battery capacity of 98 kWh, mileage range of 300 miles, average hours of sun per day of 6 hours, average irradiance per day of 700 W/m2, and surface area of 2.7 m2, the SOLIS cover is estimated to provide 5.6 additional miles of range to an electric pickup truck per day.

[Charlie V]

10-K...
https://www.sec.gov/Archives/edgar/data/1096275/000149315223010294/form10-k.htm#Va_024

[buckyboy]

Worksport CEO to Participate in March 30th Electric Vehicle & Auto Tech Virtual Online Conference Presented by Maxim Group and hosted by M-Vest

Richmond Hill, Ontario, Canada, March 22, 2023 (GLOBE NEWSWIRE) -- (Nasdaq: WKSP; WKSPW) Worksport Ltd (“Worksport” or the “Company”) is pleased to announce that Worksport CEO, Steven Rossi, is scheduled to participate in the Electric Vehicle & Auto Tech Virtual Conference, presented by Maxim Group and hosted by M-Vest, on Thursday, March 30, 2023. Mr. Rossi will join the “New EV Charging Solutions & Products” panel starting at 11:00 a.m. EST.

Rossi commented, “The increasing adoption of electric vehicles, more technology in automobiles, and lighter and more efficient batteries are expected to create opportunities for companies in many sectors. I look forward to joining fellow panelists involved in different parts of the electric vehicle and auto tech markets to discuss future opportunities and sector changes.”

This conference will be held live online on M-Vest. To attend, sign up to become an M-Vest member.

Click Here to Reserve your seat

The Panel is to anticipated to discuss the following topics at the times indicated below:

9:00 a.m. EST – Innovations in EV Charging
10:00 a.m. EST – Mining for Electric Vehicles
11:00 a.m. EST – New EV Charging Solutions & Products
12:00 p.m. EST – Building a New EV Supply Chain
1:00 p.m. EST – Delivering Large EV Orders
2:00 p.m. EST – Autonomous Sensors and Driving
3:00 p.m. EST – The Future of Batteries or Manufactured Materials For Batteries
4:00 p.m. EST – Multiple Markets for EVs

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.

LinkedIn
Facebook
Twitter
Instagram
YouTube

For additional information, please contact:
Steven Obadiah
Investor Relations
Worksport Ltd.

T: 1 [phone]
E: [e-mail]
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," 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: 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 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.

[buckyboy]

That's a great update! Operator training begins in two weeks. Getting very close now...

[Charlie V]

It's back on LinkedIn
https://www.linkedin.com/posts/steven-rossi-wksp_worksport-factory-update-lets-gooooo-activity-7042193552465936384-pvwK?utm_source=share&utm_medium=member_desktop

[buckyboy]

Oh well. If it's important enough then we'll see it in a PR I guess. Thanks for taking the time to look.

[Charlie V]

I'm unable to access it now also. It must have been taken down. It was Steven giving a March update and showing progress installing the new equipment.

[buckyboy]

Hey Charlie. All I get with that link is "something went wrong"

I'll try to find the inffo elsewhere eh!

[Charlie V]

https://www.linkedin.com/posts/steven-rossi-wksp_march-update-here-at-worksport-hq-new-staff-activity-7041781770798731264-vsiu?utm_source=share&utm_medium=member_desktop

[oregon 1]

There is no reason to have money here for at least the next 6 months. They will just be burning cash trying to get this company up and running. After that then it will be interesting to see what happen next.

[buckyboy]

To the poster that keeps PMing me about the PPS projection for 25 - 30 dollars. We probably need to carry a market cap north of 500M for anything like that to occur. Can they accomplish this? Who knows. Right now they appear to be having major issues getting COR ready for market.

If they succeed on all fronts then a 25 - 30 dollar PPS might show up by 2028?

[buckyboy]

Hmmmm. Some encouraging news as the company continues to add talent and get their production facility up and running. That being said it now sounds like any production out of Buffalo won't occur until Q3 (IMO). Zero mention of heat pumps or charging stations production or deployments.

The status of COR is vry concerning (IMO). Product is clearly not ready. "More testing" is the go-to line for the inability of this team to get the product market ready. I think the batteries are being made in China which certainly slows the process down. All prior projections of COR's readiness for market can be flushed down the toilet IMO.

We'll be relying on traditional cover sales for most of the year (again IMO). That being, the team is indeed getting bigger, so expenditures are rising. Without meaningful sales I think we're staring at another capital raise late this year or early next year (just a guess) ...makes sense though.

GLTA

[Charlie V]

Richmond Hill, Ontario, Canada , March 14, 2023 (GLOBE NEWSWIRE) -- 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."

[buckyboy]

This will be our friend in the not to distant future!

Shares Outstanding 17.19M
Float 8 14.43M
% Held by Insiders 1 25.23%
% Held by Institutions 1 6.81%

Major HoldersCurrency in USD
Breakdown
25.23% % of Shares Held by All Insider
6.81% % of Shares Held by Institutions
9.11% % of Float Held by Institutions
19 Number of Institutions Holding Shares

[buckyboy]

https://www.facebook.com/photo/?fbid=10229668847613514&set=a.10204282104800810

Pretty sure that's a 30-ton piece of equipment arriving yesterday! Their fully automated 150-foot-long production line is almost a reality.

It has been a long road. We're almost there!!

[buckyboy]

https://www.facebook.com/photo/?fbid=10229668847613514&set=a.10204282104800810

Pretty sure that's a 30-ton piece of equipment arriving yesterday! Their fully automated 150-foot-long production line is almost a reality.

It has been a long road. We're almost there!!

[buckyboy]

You're right! It's been dead money for sure. That's getting ready to change bigly. Give credit to the company for not giving up eh!!

It actually hit a tad over 9 bucks post-split. It has traded sub dollar waiting for the Buffalo facility to be up and running. China ops still providing some inventory.

It's all about sales at this point. Initial modest production trial runs should begin before the middle of Q2.

The "investment" has taken longer to come to fruition than anyone expected. But, as always, Rossi and his team will deliver.

Bringing a brand-new production facility online with state-of-the-art fully automated equipment is a very heavy lift for anyone. What they have accomplished so far is amazing. It's taken a lot longer than expected, but amazing at the close of business eh!

What is very encouraging moving forward is the fact that Hyundai and at least two other major OEMs are chatting with the company and working with the company to potentially incorproate SOLIS/COR technology into their vehicles.

Anyway, investment timelines vary. This has indeed been dead money since the R/S as shareholders patiently wait for the flower to unfold. It's very close now. Hell, they've gone from about six full time employees to about 35 - 40 (post hiring from recent event...just a guess on the number) in little more than a year!

They have partnered with other great companies to move their brand and their business model forward. We're at the point now (this year) when we see if their products sell well. My bet is yes.!

19 institutions hold this stock. 25 percent of the O/S is held by insiders/institutions. 17Mish shares in the O/S. Free float is very low and should provide for great liquidity and volatility for traders/investors moving forward on news release and sales increases. If you're a trader, then you should be ecstatic that this stock has been beat up (justifiably so!). What a great long-term trader this will become over the course of the next three years!

[infamous]

post RS this stock has gone from 8.00 to 1.00. now THERES quite an investment. wow. great job. IMO

[Charlie V]

https://investors.worksport.com/worksports-first-factory-job-fair-attracts-nearly-100-applicants/

Richmond Hill, Ontario, Canada, March 2, 2023 — Worksport Ltd. (Nasdaq: WKSP; WKSPW) (the “Company” or “Worksport”) was pleased to welcome close to 100 applicants seeking employment at the Company’s recent job fair held on February 23, 2023 at its 220,000 sq. ft. Western New York manufacturing facility. The participants ranged from those desiring production jobs on the factory floor to quality control and engineering candidates.

“We were very excited to see the high level of applicants coming from the Western, New York talent pool, which is also encouraging for planned future hires,” Worksport’s CEO, Steve Rossi, said. “We were able to find strong candidates for our more skilled positions, including machine operators and manufacturing and industrial engineers. We look forward to the day when we again meet other local residents for anticipated future hires.”

To welcome the potential future employees, the Company served lunch and refreshments and provided tours of the advanced, newly updated factory with its high-tech production machines. Steven Rossi and the Worksport management team personally met with each applicant and the Company expects to begin hiring in the next 3-5 weeks in advance of a ramp-up in production.

“This is Worksport today, an exciting company moving closer to its revenue-generating potential, with a modernized American factory getting ready to produce its advanced, proprietary solar and conventional light truck tonneau covers,” Rossi commented. “We anticipate having new and motivated employees involved with creating true green power solutions for the sustainable, clean energy, and automotive industries. We are excited and ready to move to the next phase in Worksport’s upward progress.”

[buckyboy]

Chart starting to s how signs of the next leg up. IMO we eclipse the 200EMA on the next run (low 2s).

I view the currnt candlestick pattern as a flag pole with many days of accumulation following (longer is stronger for the next leg up in bar room banter!).

GLTA (Rest of the big line supposed to be arriving today according to the latest PR)

[buckyboy]

https://www.facebook.com/stories/208148623353660/UzpfSVNDOjE1Nzc3NTQ4OTYwNTgzMTY=/?view_single=1&source=shared_permalink&mibextid=unz460


Technicians from Europe already on site. Job fair seems to be going very well with at least 50 applicants and more coming.