Worksport Ltd (WKSP)

[Charlie V]

https://investors.worksport.com/worksport-announces-strong-solar-panel-supply-partner-for-solis-focusing-on-bringing-solis-solar-cover-and-cor-battery-system-to-market/?_kx=MqkykWL_qJw-CsNkPngFyKXHLI-hRAVcjWqDkM1FY8g%3D.VLXbY8

West Seneca, N.Y. September 7, 2023, Worksport (Nasdaq: WKSP; WKSPW) is elated to announce that it has found a top-tier solar panel provider for its highly anticipated SOLIS Solar Tonneau Cover. This partner is renowned for their state-of-the-art solar panels and underlying technology. A supply partner will help set a new standard in renewable energy tech for vehicles and to provide the most durable and highest quality flexible solar panels. With this supply partner for SOLIS, the Company is demonstrating its unwavering commitment to pioneering sustainable technological solutions.

The sample solar panels presented to Worksport and tested in Worksport’s SOLIS Solar Cover epitomize resilience and innovation. Adhering to rigorous environmental and structural standards, these panels incorporate high-quality components for extended durability. Designed to withstand wind, water, and direct impact, they showcase versatility and resilience in all tested elements and extreme weather, use case scenarios. Featuring corrosion-resistant structures and a marine-engineered photovoltaic module with a long lifespan, they also boast UV resistance and superior flexibility. This top-tier partner underscores Worksport’s dedication to blending excellence with sustainability.

The SOLIS Solar Cover, complemented by the trailblazing COR battery system, has already piqued the interest of multiple automotive manufacturers, notably including Hyundai’s North American design, technology, and engineering division, as per an earlier press release. This game-changing innovation would not only augment the mileage of electric pickup trucks in synergy with Worksport but also empower conventional pickup trucks with solar-driven remote power. This energy, meticulously stored in the COR battery system, positions Worksport at the forefront of automotive green energy integration.

“Our relentless pursuit of excellence transcends product development. By aligning with the best solar panel provider in the industry, we aim to offer our consumers unparalleled energy efficiency and usability. The SOLIS Solar Cover is not just a product, but a movement towards a greener future,” highlighted CEO Steven Rossi at Worksport.

In the wake of launching hard-folding tonneau cover production at Worksport’s U.S. manufacturing facility, as recently reported, coupled with millions of dollars in initial purchase orders, the Company is on a trajectory of exponential growth. Bolstered by encouraging revenue figures, Worksport is now focused on enhancing production line efficiency. The Company’s ambitious roadmap includes the expansion of the facility with additional assembly lines, thus providing an opportunity to expand its production capabilities and solidify its revenue growth prospects. Investors can anticipate comprehensive updates as rigorous tests are conducted to ensure SOLIS’s unparalleled quality and performance. With a laser focus on propelling the SOLIS Solar Cover and the COR battery system into production, Worksport has a strong position in the sustainable automotive solution space. Worksport will keep investors informed regarding this prospective collaboration as panel testing progresses.

[buckyboy]

WKSP is hiring a lot of folks in anticipation of new product offerings, continued R&D on a variety of projects and production personnel. Linkedin now shows 33 employees (almost assuredly doesn't count any production personnel so the actual number is probably closer to 50 or more). They literally get hundreds of applicants for the degreed professional level jobs.

This all bodes well for what is fast becoming a small cap growth story. I love the marketing strategies being used to increase market shares for their soft/hard covers.

GLTA

[buckyboy]

WKSP has h ired a ton of people to support their expansion over the last year. And it continues to add people to the rolls. They are now North of 50 employees. The last PR indicates their next phase is a big push to market now that they have a variety of great soft and hard covers available.

Consistent hiring push and a need to continue to build inventory and increase productio capacity leads me to believe that they are close to needing some additional capital. Last Q indicated about 5.7M in cash on hand. They are actively working to get grants etc to help fuel expansion. They also have warrants sitting out there priced at 6.05. This could also generate some capital as they grow. I think it will be a combination of many sources that can help fuel their growth and maintain a crazy low capital structure.

Four more production lines combined with additional automated equipment requires capital.

It's all good as WKSP is ready to roll North. COR/SOLIS Q1 2024 IMO. They're working with some big players on th is technology.

JMHO

[buckyboy]

Worksport LTD Launches Ambitious Sales Strategy, Announces Four Sales Partners For Market Growth
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West Seneca, N.Y. August 31, 2023, Worksport Ltd. (“Worksport” or the “Company”) (Nasdaq: WKSP; WKSPW) today announces a comprehensive sales strategy, demonstrating a positive stance on future growth and an unwavering commitment to maximizing return on investment for its shareholders.

Initiating production in early August, Worksport’s factory rapidly secured a commanding $1.6 million order for its premium hard-folding covers. As the Company heightens its focus on production efficiency, the ensuing months are slated to witness an expansion of its operational capabilities, inclusive of multiple new assembly lines, reflecting the Company’s dedication to amplifying shareholder value through strategic capital deployment.

This bolstered production capacity positions Worksport to fortify its brand prominence across eminent B2C platforms, such as Amazon, Walmart, eBay, and the Company’s own e-commerce site. Concurrently, the Company projects onboarding a myriad of new business to business (“B2B”) clientele. Buttressing this expansion drive is the strategic alliance with four distinguished sales partners. The first partner, a venerable entity since 1974, offers representation across all major Canadian distributors with its six representatives spread across Western and Eastern Canada. The second, celebrated as an industry titan, deploys seven agency representatives catering to 14 southeastern states from Texas to West Virginia. The third, automotive specialists with a 20-year SEMA affiliation, oversees territories spanning New Mexico to Montana. Finally, the fourth ensures meticulous coverage across midwestern states from Minnesota through Ohio and has garnered over 100 accolades from manufacturers, encompassing top sales volume recognitions, awards for most improved sales, and distinctions for both Company representative and salesperson of the year.

“At Worksport, we’re reshaping the North American truck bed sector through innovation and strategic partnerships. Every move, from our superior soft- and hard-folding covers to our SOLIS solar cover and COR battery system, is a testament to our commitment to deliver exceptional value,” said Steven Rossi, Worksport’s Chief Executive Officer.

These partners, strategically aligned with Worksport’s anticipated surge in production, are primed to turbocharge the Company’s B2B sales outreach. Initial data reveals a promising prospect of over 70,000 potential B2B clients, setting the stage for Worksport to grow sales in the North American truck bed market.

Simultaneously, Worksport is diligently advancing its efforts to introduce the SOLIS solar cover and the COR battery system to the market. The Company is poised to provide investors with promising updates in the near future.

For shareholders, this narrative echoes Worksport’s visionary strategy and staunch commitment to driving sustained growth while continually enhancing shareholder value.

About Worksport Ltd.
Worksport Ltd. (Nasdaq: WKSP), 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 and investors.worksport.com.

Connect with Worksport:
Please follow the company’s social media accounts on Twitter, Facebook, Linkedin, and Instagram, as well as sign up for the company’s newsletters at www.worksport.com or investors.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.

[buckyboy]

https://fintel.io/so/us/wksp#:~:text=Institutional%20Ownership%20and%20Shareholders%20Worksport%20Ltd%20%28US%3AWKSP%29%20has,These%20institutions%20hold%20a%20total%20of%20537%2C639%20shares.

[buckyboy]

https://investors.worksport.com/press-releases/

[Charlie V]

West Seneca, N.Y. , Aug. 15, 2023 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP; WKSPW) announced year-over-year revenue growth for the second quarter of 2023. This growth is largely credited due to the Company’s focus on establishing new business-to-consumer and business-to-business sales channels.
Beside the focus on new sales channels, the Company began shipping soft-folding tonneau covers following the Company's recent receipt of a substantial $720,000 purchase order recently announced in July 2023 .
In addition to this revenue growth, Worksport is gearing up for more. As of early August 2023 , the Company commenced the manufacturing of hard-folding tonneau covers, buoyed by a tremendous $1,600,000 in purchase orders. With this momentum, Worksport is setting its sights on further horizons: the launch of the eagerly anticipated SOLIS Solar Cover and the innovative COR Battery System.
Worksport CEO Steven Rossi expressed his optimism, "We believe we are just witnessing the start of our revenue growth. But what's even more compelling is our vision for the future. While we celebrate our recent successes, we are now channeling our energies, focused on balancing, optimizing, and perfecting our first assembly processes. This optimization is expected to pave the way for dramatically increasing our production capacities, with plans to add more assembly lines."
As part of this ambitious expansion, the Company is ramping up its engineering resources dedicated to the development of the SOLIS Solar Cover and COR Battery system. These twin innovations represent Worksport’s commitment to integrating sustainable solutions within the truck accessory landscape and the broader consumer markets for mobile power.
With its start of revenue growth and forward-looking projects, Worksport stands as a testament to innovation, adaptability, and growth in the automotive accessory space.
Worksport management plans to release updates relating to the statuses of both the SOLIS Solar Tonneau Cover and the COR Battery System in the near future. For further information, please find the Company’s recent SEC filings here and visit the Company’s official website for investors here.
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 investors.worksport.com

[buckyboy]

Active Positions
ACTIVE POSITIONS HOLDERS SHARES
Increased Positions 11 164,927
Decreased Positions 2 13,233
Held Positions 7 191,221
Total Institutional Shares 20 369,381
New and Sold Out Positions
ACTIVE POSITIONS HOLDERS SHARES
New Positions 4 113,452
Sold Out Positions 1 12,887
Total New Increased Decreased Activity Sold Out
20 Institutional Holders
369,381 Total Shares Held

OWNER NAME
DATE
SHARES HELD
CHANGE (SHARES)
CHANGE (%)
VALUE (IN 1,000S)
GEODE CAPITAL MANAGEMENT, LLC 06/30/2023 119,583 3,900 3.371% $374
SUSQUEHANNA INTERNATIONAL GROUP, LLP 06/30/2023 87,346 87,346 New $273
VANGUARD GROUP INC 03/31/2023 49,627 27,953 128.97% $155
STATE STREET CORP 03/31/2023 18,100 0 0% $57
NORTHERN TRUST CORP 06/30/2023 16,780 1,087 6.927% $53
SCOTIA CAPITAL INC. 06/30/2023 15,000 0 0% $47
CHARLES SCHWAB INVESTMENT MANAGEMENT INC 06/30/2023 13,921 13,921 New $44
VIRTU FINANCIAL LLC 06/30/2023 12,085 12,085 New $38
CITADEL ADVISORS LLC 03/31/2023 11,130 10,446 1527.193% $35
UBS GROUP AG 06/30/2023 9,828 7,817 388.712% $31
OSAIC HOLDINGS, INC. 06/30/2023 5,184 270 5.495% $16
TOWER RESEARCH CAPITAL LLC (TRC) 03/31/2023 3,457 -346 -9.098% $11
BLACKROCK INC. 03/31/2023 3,356 0 0% $11
HUNTINGTON NATIONAL BANK 06/30/2023 2,565 0 0% $8
ROYAL BANK OF CANADA 03/31/2023 675 0 0% $2

1
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BACK TO WKSP OVERVIEW
Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission. Major institutions are defined as firms or individuals that exercise investment discretion, over the assets of others, in excess of $100 Million. Major institutions include financial holdings companies, banks, insurance companies, mutual fund managers, portfolio managers, self managed pension and endowment funds. The report is limited to equity securities, including common and equivalents, convertible preferred and convertible bonds. The report does not include fixed income, real estate, or cash equivalents. Reports are filed within 45 days after calendar quarter end with the vast majority of updates occurring near the 45th day of the quarter.

About Institutional Holdings
Nasdaq provides the ownership stake information in a company, including the number of shares held by those institutions in a firm, along with recent purchases and sales information.



Institutional Holdings information can be used to gauge the volatility and value on the company’s stock.

[Charlie V]

Worksport Announces Participation to Present at the H.C. Wainwright 25th Annual Global Investment Conference in New York Palace Hotel
https://investors.worksport.com/worksport-announces-participation-to-present-at-the-h-c-wainwright-25th-annual-global-investment-conference-in-new-york-palace-hotel/?_kx=MqkykWL_qJw-CsNkPngFyKXHLI-hRAVcjWqDkM1FY8g%3D.VLXbY8

[buckyboy]

He would have to file a Form 4. So, no, he's not selling shares. That would be very counterproductive at this point in his company's development. Now that guy that filed the 13G is a different story. No way to find that out though. There are most certainly more traders in this low floater now. Volatility will be high both ways.

JMO

[joma]

Is it possible that Rossi is selling shares?

[joma]

Who is selling this thing down the drain

[Charlie V]

https://investors.worksport.com/worksport-ceo-steven-rossi-remarks-on-factory-opening/

West Seneca, N.Y. August 3, 2023 – Steven Rossi, the CEO of Worksport Ltd. (Nasdaq: WKSP; WKSPW) (the “Company” or “Worksport”), made the following remarks regarding the Company’s commencement of production of hard-folding tonneau covers at the Company’s 220,000 square foot factory in West Seneca, NY which started production last Tuesday August 2.

“I would like to thank our investors, shareholders and employees for helping us reach this very special milestone: the opening of our U.S.-based manufacturing facility in West Seneca, New York, which is now also the Company’s head office.

“The start of production of our pioneering, state-of-the-art truck bed covers has begun, heralding an era of heightened productivity and the completion of a long, hard but ultimately successful journey. We believed in our idea, a tonneau cover like no other, and knew we had created something we could protect with patents, which is exactly what we did. That led to a prospect that we believe will propel us even further forward as an American manufacturer, combining a solar-integrated light truck bed cover, branded as SOLIS, and its companion, the newly redesigned, higher quality, more powerful COR portable energy system, which is still in its R&D phase.

“When the COR system completes testing and is market-ready, we expect to assemble SOLIS covers in our West Seneca, NY factory, representing a transformative leap in Worksport’s operational and strategic direction, underlining the Company’s dedication to innovation, exponential growth potential, revenue generation, and continuous value creation for our shareholders.

“At the beginning of 2023, we set out a clear and straightforward goal: complete our NY factory to start production as soon as possible to meet current demand. And I am so proud to say we believe we have now achieved that milestone, an outstanding achievement for our Company, team, and investors. Now that hard-folding tonneau cover production has started, the next goal is to aim for profits, sustainable growth and bring our solar cover to market.

“When we look back, we raised funding to accomplish these transformational events, sourced and acquired our wholly owned 220,000 sq. ft manufacturing facility in West Seneca, NY, purchased for US$8.125 million, and then made the crucial and strategic choice to wait for production until we acquired and completed the installation of our US$4 million custom European manufacturing line, a key piece for future revenue growth and quality standards important for OEM partnerships. It had to be set up and tested, with employees recruited in two successful job fairs and trained on the manufacturing line. Manufacturing processes then needed to be perfected before we reached the milestone of starting production, sourcing components both within and outside the U.S.

“A final piece was the strategic relocation of our corporate headquarters from Ontario, Canada to the U.S., a game-changing step in our growth trajectory and a strategic shift allowing the Company’s HQ to be onsite at our NY factory, significantly facilitating enhanced process flow, and fostering a solid working community and culture of high productivity.

“For me personally, as Worksport’s CEO, I’ve been personally frustrated at many turns in the story because it is so apparent that the market demand is there. Clients want to order significant quantities of our products — and even have sent orders pre-production. We’ve been in discussions with some very recognizable major automotive OEMs, and a national U.S. customer and reseller of automotive aftermarket accessories has approved our hard-folding light truck cover samples. And yet, without our manufacturing and assembly team and resources, we could not fulfill this interest in Worksport’s products.

“Now, however, our team is ready, reinforcing our commitment to American-made quality and innovation. We are eager to move those products out the door and into the hands of partners and consumers to start filling several recently-received purchase orders. We can proudly say to customers, investors, shareholders and employees that this moment has arrived. We believe our dream is coming true, including developments with the SOLIS solar truck cover and the COR portable energy system. Marketplace, meet Worksport. We wish to be your manufacturer of choice for innovative alternate energy systems, hard- and soft-folding tonneau covers for light trucks, and in the near future the SOLIS solar cover and COR portable energy system.”

For further information, please visit Worksport’s official website for investors at investors.worksport.com.

[Charlie V]

https://investors.worksport.com/worksport-announces-early-start-of-production-in-new-western-n-y-factory-a-week-ahead-of-schedule/

West Seneca, N.Y., August 1, 2023 — Pioneering automotive and energy product manufacturer Worksport Ltd. (Nasdaq: WKSP; WKSPW) (“Worksport”) today announced the commencement of production in its new 220,000 square-foot West Seneca, NY, facility, a week ahead of its scheduled launch.

Steven Rossi, Worksport CEO, expressed his excitement, “It’s a proud moment for us. Not only are we beginning ahead of schedule, but our state-of-the-art $4 million custom manufacturing line is ready to roll, backed by a team of experts. Our readiness today stands testament to our resilience, adaptability, and commitment.”

Worksport’s acceleration to this stage represents a major milestone, underlining the Company’s capabilities in advanced project management and operational efficiency.

Rossi continued, “Meeting the expected market demand for our innovative hard- and soft-folding light truck tonneau covers just became swifter. This early kickoff marks the first step towards our vision for the SOLIS solar cover, which will be made possible once our redesigned COR battery system enters the market.”

Being ahead of schedule is a result of Worksport’s unmatched drive and reinforces investor confidence in its growth and revenue prospects. Notably, the Company already boasts approval of its hard-folding tonneau cover samples from a major U.S. automotive aftermarket accessories reseller, indicating a promising start and potentially rapid revenue growth.

Reflecting on this key achievement, Rossi shared, “Seeing the first batch of our advanced hard-folding tonneau covers coming off the production line in our U.S.-owned factory is a monumental sight. It embodies our relentless drive and foreshadows substantial revenue growth, further cementing our commitment to American quality and innovation.”

With production now starting, Worksport is poised for revenue growth with the recently received $1.6 million purchase order for its flagship hard-folding tonneau covers. Updates on the progress of the COR HD advanced hot-swap battery system are forthcoming, with the subsequent launch of the SOLIS cover eagerly anticipated by the market.

[Ambro24]

Hey, guys looking pretty dead in here? Think we will continue back on an upward trajectory? Think we will start to see some revenues?

[Charlie V]

https://investors.worksport.com/worksport-announces-us1-6mm-order-for-its-hard-folding-covers-in-anticipation-of-production-start-solidifying-growth-in-tonneau-cover-market/

West Seneca, New York, United States, July 25, 2023 — Worksport Ltd. (Nasdaq: WKSP; WKSPW) (“Worksport” or the “Company”) is thrilled to announce a substantial US$1,600,000 purchase order for its advanced hard-folding tonneau covers. This significant order follows closely on the heels of the Company’s recently reported US$720,000 purchase orders for its innovative soft-folding tonneau covers. Production of the hard-folding covers is scheduled to kick off in a mere two weeks, adding to the Company’s already soaring momentum.

“Our commitment to quality and innovation has once again been validated by this new and substantial order,” commented Worksport CEO Steven Rossi. “Following the successful rollout of our soft-folding covers, we’re poised to further elevate our position in the market with our hard-folding line. The anticipation surrounding this product launch has been palpable.”

Building upon the success of previous weeks, the Company’s 222,000 sq. ft. Western NY manufacturing facility has been operating at an exceptional pace, ensuring timely shipments of the soft-folding tonneau covers. This facility will now be crucial in ensuring the successful rollout of the hard-folding covers.

Mr. Rossi added, “The dual success of both these product lines and the increasing orders speaks volumes about our strategic direction and the market’s growing trust in Worksport. With the hard-folding covers’ production on the horizon, our dedicated team is more focused than ever on optimizing efficiency and magnifying our revenue growth.”

[Monksdream]

WKSP No 12 on the Barchart Top 100
https://www.barchart.com/stocks/performance/percent-change/advances?timeFrame=today&viewName=main&screener=overall&orderBy=percentChange&orderDir=desc

[buckyboy]

Plug in a 2YD and you'll see we're sitting at and getting ready to eclipse another support level. Would love to see this trend sideways in the 4.00 - 4.25 area until they start production. Then our 2nd Elliott will have been completed and we'll be ready to a run into the 5 - 6-dollar area. Check the chart for resistance in the 5.10 area and then again in the 5.85 area. Warrants kick in at 6.05. Once they ramp production in a couple weeks, we'll be ready to carry that 100M market cap!!

2YD...so easy to read and see where we're headed this year....

[dutchie64]

WKSP
Look at the chart!!
Wow!

[Charlie V]

https://investors.worksport.com/worksport-ltd-seeks-to-scale-production-capabilities-with-advanced-automation-and-robotics/

West Seneca, N.Y., July 24, 2023 — Worksport Ltd. (Nasdaq: WKSP; WKSPW) announces plans to further enhance its manufacturing prowess. In a bold move to boost production speed, margin, quality, and revenue, the Company has announced its intentions to invest $1,500,000 over the next 18 months with a strong potential for additional investment in a range of automation tools, notably in the realm of robotics. As part of its mission to achieve the zenith of production efficiency.

Positioned at the heart of the Company’s expansive 220,000 sq. ft. manufacturing facility in West Seneca, N.Y., these groundbreaking investments, as emphasized by Worksport CEO Steven Rossi, will “significantly heighten our capacity and ensure we are adeptly primed to cater to surging demand.”

As previously reported, Worksport’s continuing expansion efforts contemplate the development of five total assembly lines—one having been completed already. Among the standout features of the planned factory upgrade is the introduction of multiple robotic arms at the production line to increase speed and efficiency – a move set to markedly uplift the company’s production capabilities. Worksport’s confidence in these robotic interventions underpins its strategy to commence mass production. The Company is of the opinion that this automation is vital for attracting OEM clients in the future.

Notably, several OEMs have engaged in collaborations with Worksport, leveraging the Company’s innovative prowess to tailor-make tonneau covers for an array of light truck models. Taking innovation up a notch, Worksport anticipates unveiling its SOLIS solar truck bed covers later in the year, a pioneering initiative tethered to the advancements of its proprietary COR battery system.

Commenting on this monumental phase in the Company’s trajectory, Rossi expressed, “Our transformation into a full-fledged manufacturing entity has surpassed even our most optimistic forecasts. The rate of evolution has been nothing short of exhilarating. With our maiden assembly line expected to start production in the next few weeks, we stand at the threshold of an era where we can deliver state-of-the-art light truck covers to tap into a growing market. This marks a pivotal milestone, heralding the dawn of revenue influx.”

In closing, Worksport urges investors to stay connected and witness this exhilarating chapter in the Company’s U.S. production and revenue ascendancy.

[Keepinitsimple]

I’m very encouraged by the trade action. We are going up quickly but it feels much more real than anytime before! It looks like there are some people buying significant blocks. This is it. Positive news on solis/COR and we will be so golden we will be floating down from the heavens on the wings of an angel!

[Millertyme56]

With positive news and the company moving forward the fact that the float for WKSP is only 13.67 million shares is very bullish. I am holding and waiting as good news could make these shares rocket. JMO. Good luck to all longs.

[hopeok]

Heavy volume by WKSP standards. Would have been nice to see a positive close.

[jwahl16]

Does anybody know anything about the WKSPW shares? I acquired these back in august and September 2021 and honestly forget how I got them :)

Were they part of the reg-a fund raising they did around that time or perhaps related to the stock split? Any idea if they expire, are freely traded, or can be exercised for regular shares in some way?

Any info other long-time shareholders could provide would be appreciated. Thanks!

[Charlie V]

https://investors.worksport.com/worksport-proudly-announces-qualified-made-in-the-usa-designation-for-certain-products/

West Seneca, New York , United States , July 18, 2023 (GLOBE NEWSWIRE) -- Worksport Ltd. ("Worksport" or the "Company") (NASDAQ: WKSP; WKSPW) is delighted to announce that certain of the Company’s hard tonneau covers now qualify for an esteemed "Made in the USA " label.
This designation is a testament to Worksport's commitment to maintaining a supply chain that ensures its products are crafted and assembled in the United States , utilizing both domestic and imported components. According to recent consumer research, approximately 70% of survey respondents demonstrated a preference for American-made goods, with more than 83% willing to pay a premium of up to 20% for domestically manufactured items. This perception is largely driven by the belief that products having U.S. origin and assembly are of superior quality.
“We are thrilled to announce that Worksport can use a qualified ‘Made in the USA’ label for our upcoming line of innovative hard tonneau covers," stated Steven Rossi , CEO of Worksport . "This is an essential milestone for the Company, validating the high-quality products we manufacture and our commitment to domestic production."
The announcement comes after the Company's strategic acquisition of a manufacturing facility in upstate New York in May 2022 and the recent relocation of its headquarters to the same facility. The move will centralize Worksport's management, production, and quality control under one roof and is expected to lead to greater operational efficiencies and consistent product quality.
"Manufacturing in foreign countries poses many challenges for quality control and assurance procedures that are better managed with management present at our facility," Rossi commented. "As U.S. manufacturing begins, our focus will be to ensure both quantity and quality in the production of our products. It took a lot of effort, but we are pleased to announce this qualification, a significant step forward for the Company."
The achievement of such a "Made in the USA " qualification aligns with Worksport's mission to provide superior quality products while supporting local communities and economies. It further amplifies the Company's outlook and reinforces Worksport's commitment to its customers, shareholders, and the broader market.

[buckyboy]

https://finance.yahoo.com/news/renault-worries-chinas-metal-export-161334097.html

Renault Worries About China's Metal Export Curb While Worksport Makes A Strategic Leap At Its U.S. Base

Europe and the U.S. have kicked into high EV gear but a "Chinese cloud" is looming over the EV sector. Last Saturday, Renault (OTC: RNLSY) Chairman Jean-Dominique Senard expressed his concerns to Reuters regarding Europe’s over-reliance on China, emphasizing the need for building a costly supply chain. Meanwhile, in the U.S., Worksport Ltd (NASDAQ: WKSP) has just announced it has made significant progress at its 220,000 square feet U.S. facility, continuing its way towards delivering its revolutionary Solis solar-powered tonneau cover and COR remote power storage system. Meanwhile, EV king Tesla Inc (NASDAQ: TSLA) told the Environmental Protection Agency (EPA) that the United States could go all-electric by the end of the decade, but it would settle for 69% of new car sales.

Toyota And Stellantis Believe The EPA Is Overly Optimistic
Toyota Motor (NYSE: TM) finds the EPA has underestimated key EV challenges, such as scarcity of raw materials out of which batteries are made, as well as the fact that that the U.S. is not either the mining or refining home to these minerals. There’s also the issue of the high cost of making EVs along with a developing infrastructure that is, at its current state, unable to support a wide EV adoption.

Stellantis (NYSE: STLA) also believes that EPA’s expection of EV market growth is too optimistic while assuming a ‘perfect’ transition and underestimating challenges such as lagging manufacturing capacity and the support for EV drivers.

Tesla Is Still Running The Show Although GM Promises To Catch Up
While US is still lagging behind other major markets in the contribution of EVs in total car sales, it’s certainly picking up pace going from 3% in 2021 to 5% in 2022, while expecting 8 to 10% this year. Without exaggeration, this was achieved mainly by Tesla who makes the most of EVs in the U.S. However, General Motors (NYSE: GM) CEO Mary Barra is confident the automaker would catch up to and surpass Tesla to become the top EV seller in the US, but after producing just over 39,000 all-electric vehicles last year compared to Tesla’s 1.4 million, GM seems to be aiming too high. But GM is going for the “EVs for everyone” strategy and not by going through the struggle of replicating of the company’s internal combustion engine portfolio. Rather, GM is going strategic with its EV approach by offering both affordable and luxury models, along with pickups and SUVs and therefore, covering every EV front. After adopting Tesla charging technology, or more precisely NACS chargers, GM provided its EV drivers with enhanced durability and reliability at across 25,000 stations across the U.S. instead of the current 13,000, making good on its promise.

The US is in great need for intense EV programs, and with the initiatives of the Biden administration, they are finally underway, coinciding with a wider consumer mindset shift in favor of an all-electric transportation future.

Renault’s Concern Due To China’s Recent Decision To Restrict Exports Of Metals
Asia has undoubtedly a superpower when it comes to essential raw materials that are used to build EV batteries. Renault Chairman Jean-Dominique Senard expressed his concern as China decided at the beginning of July to restrict export metals, more precisely, gallium and germanium, that are used in both EVs and semiconductors. However, empowered by its alliance with Nissan Motor Co Ltd (OTC: NSANY), as well as Mitsubishi Motors Corporation (OTC: MMTOF), and supported by its electrification expertise, Renault Group upgraded its full year 2023 outlook as it continues aiming for carbon neutrality by the end of the decade. But the bigger picture does seem scary as the China-U.S. technology war continues to escalate, possibly resulting in massive disruptions across global supply chains and therefore, hampering EV progress.

Worksport Transitions From Preparation Phase To Scaling Of Production
With production expected to start in the upcoming weeks, Worksport announced this week it has made significant progress in its operational developments as its skilled and diligently selected staff undergoes the final phase of training with validation processes kicking off with its new U.S. tonneau manufacturing line. Over the following few weeks, a pivotal moment of Worksport’s growth journey is on the horizon as its cutting-edge hard folding tonneau covers go into production. Its U.S. state of art facility is a testament of Worksport’s commitment to U.S. home-grown innovation, product quality and excellence. Worksport's innovative portfolio holds big promises for both automotive and the EV industry, with Hyundai Motor Company (OTC: HYMTF) being among the first to equip its Santa Cruz pickup with its customized Solis solar-powered tonneau cover. In other words, Worksport is setting the stage for a strategic leap in its business operations, marching on towards boosting revenue growth and increasing shareholder value along the way.

DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.

[Charlie V]

Looks like a smart investor has executed warrants and stock options...
https://www.sec.gov/Archives/edgar/data/1096275/000149315223024554/formsc13g.htm

[Ambro24]

WKSP Great news today. I told you all I will never complain as long as revenues are coming in!!!

[buckyboy]

While Lucid's EV Isn't Going As Planned, Worksport Receives Substantial Orders

https://finance.yahoo.com/news/while-lucids-ev-isnt-going-161432886.html

[buckyboy]

The best part about this news is that they have the product in inventory for immediate shipment. And, this is above and beyond the soon to be announced hard cover deal with a national retailer! Q3 is off to a nice start eh! If they can get these hard covers rolling, we will be seeing 7-digit sales quarters...if not eight!!

[Charlie V]

https://investors.worksport.com/worksport-ltd-receives-us720000-in-purchase-orders-for-innovative-soft-folding-tonneau-covers-commences-shipping-from-us-manufacturing-facility/

West Seneca, New York, United States, July 13, 2023 — Worksport Ltd. (Nasdaq: WKSP; WKSPW) (“Worksport” or the “Company”) is delighted to report it has received four substantial purchase orders for its innovative soft-folding tonneau covers. The purchase orders total US$720,000, with each purchase order representing a value of US$180,000. Moreover, the Company’s wholly owned 222,000 sq. ft. Western NY manufacturing facility has promptly begun shipping these orders to the enthusiastic customer.

Worksport CEO Steven Rossi is positive on Worksport’s future, stating, “With our US facility poised to initiate production of the hard-folding covers this quarter, it’s encouraging to witness incoming orders for our soft-folding covers being fulfilled with increasing efficiency from our US manufacturing facility. Our dedicated team is primed to pivot its focus to expediting revenue growth.”

[Charlie V]

Worksport Announces Strategic Partnership with McAllister & Quinn Set to Propel Federal Grants Acquisition and Strengthen Government Relations

West Seneca, New York, United States, July 6, 2023 — Worksport Ltd. (Nasdaq: WKSP; WKSPW) (“Worksport”) is excited to announce their strategic business relationship with McAllister & Quinn. McAllister & Quinn is a federal government relations and grants consulting firm that serves as Worksport’s “boots on the ground” in Washington, DC.

McAllister & Quinn offers services to identify, strategically plan for, and pursue federal funding opportunities and advocate for federal policy issues aligned with Worksport’s strategic priorities and goals.

The government is continuing to make historic investments in advanced technology through programs such as the Bipartisan Infrastructure Law (BIL), the Inflation Reduction Act (IRA), and Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act. These programs and others like them have several focus areas, including:

Securing domestic manufacturing of critical technologies for decades to come,
Reducing the environmental impact of conventionally hazardous manufacturing processes, and
Bolstering the clean energy industry to ensure a sustainable future.
McAllister & Quinn’s strategic intelligence professionals provide targeted, timely, and actionable assessments of these federal funding trends and developments, including analyses of the annual budget and appropriations process; key R&D policy and legislative updates; landscape analyses for key priority areas; sponsor and program analyses; and daily monitoring of forecasted and new funding opportunities, requests for information, federal advisory committee meetings, and notices of funding opportunities.

“Partnering with McAllister & Quinn marks an exciting milestone for Worksport, equipping us to strategically navigate and capitalize on historic federal investment opportunities,” said Steven Rossi, CEO of Worksport. “This alliance fortifies our commitment to sustainable innovation and positions us to generate lasting, positive impacts on the communities we serve.”

McAllister & Quinn tailors their analyses and reporting to issues of interest to Worksport and assists in evaluating and aligning Worksport initiatives with federal funding opportunities. The federal government’s investments also allows its funding recipients to have an opportunity to generate a lasting impact on the communities in which they reside. The Advanced Technology Practice at McAllister & Quinn is committed to having a positive impact in both Worksport’s business and the community they serve.

For further information, please visit Worksport’s official website for investors at investors.worksport.com.

[hopeok]

Have a great 4th everyone.

[buckyboy]

https://beststocks.com/worksport-ltd-establishes-research-developmen/

[Charlie V]

Worksport Opens State-of-the-Art R&D Facility in Springfield, Missouri, Paving the Way for Market Innovations

West Seneca, New York, United States, July 30, 2023 — Worksport Ltd. (Nasdaq: WKSP; WKSPW) (“Worksport” or the “Company”) is excited to announce the opening of its cutting-edge automotive product R&D Center in Springfield, MO. This strategic location, nestled in the heartland of the U.S., is known for its vibrant truck culture, positioning the Company at the center of its target demographic.

The R&D Center will be staffed initially by seasoned Worksport engineers, bringing an impressive arsenal of over 70 patents across the automotive, consumer products, manufacturing, and agricultural sectors. With nearly a century of combined experience, this team embodies a depth of knowledge and proficiency that would be difficult to duplicate elsewhere.

“Our Missouri R&D facility, surrounded by a truck-loving community, was meticulously planned to provide an efficient and focused environment dedicated to the progression of Worksport’s products and Intellectual Property,” said Worksport CEO Steven Rossi. “Retaining our proprietary IP has always given us a competitive edge, and this new facility is designed to uphold and extend that advantage.”

As Worksport’s wholly owned 220,000 sq. ft. manufacturing facility in West Seneca, N.Y. is preparing for the start of production, the decision to house the product development team in a separate facility represents a strategic move towards a more intensive R&D focus, unencumbered by daily manufacturing operations.

“We believe that smaller, on-site teams will foster better collaboration and absolute concentration on novel products,” Rossi explained. “Our Missouri R&D team is set to generate and incubate new ideas, build and test prototypes, evaluate innovative materials and processes to cut costs, and continuously refine our existing product line.”

The advent of this new R&D facility is expected to expedite the introduction of new products in line with the Company’s ambitious expansion plan. As the market evolves, the R&D team will be at the forefront, capturing crucial truck bed data and crafting bespoke tonneau cover assemblies to match new truck models.

“We believe that the establishment of our U.S. R&D Center will propel us towards market leadership, keeping us ahead of the competition and reinforcing our commitment to innovation and growth,” added Rossi.

[Ambro24]

Happy 4th Weekend (and Canada day :()) Lets get the energy up on this board!!! Any report from Rossi on sales? Buckyboy can you tell some stories about what (WKSP) sales were like "back in the day"?

[Ambro24]

It's not that much $$$ and it is completely realistic even if we are only firing on a couple cylinders. Revenues are all I have wanted to see for years (3) now with WKSP and they have proven to be the most illusive. No more excuses or half assed execution!!!

[buckyboy]

1 analysts offering their estimates for the company have set an average revenue estimate of $600k for the current quarter. 1 have an estimated revenue figure of $1.6 million for the next quarter concluding in Sep 2023. Year-ago sales stood $11k and $18k respectively for this quarter and the next, and analysts expect sales will grow by 5,354.50% for the current quarter and 8,788.90% for the next.

https://marketingsentinel.com/2023/06/19/worksport-ltd-wksp-is-another-fantastic-bargain-stock/

(If they can actually get production ramped up by middle Q3 these numbers are certainly possible. 600K for current Q is not realistic IMO. 1.6M for Q3 is absolutely on the table. GLTA)

[Ambro24]

Great info, seems like a good step!!!

[buckyboy]

This action by WKSP management, while mundane on the surface to many, is critical for conducting business with many, if not all large companies. It is also necessary for international business. It shows that customers can expect consistent high-quality product from WKSP.

This is important. They'll get it done. My experience says 2 - 3 months (if that).

[buckyboy]

Richmond Hill, Ontario, Canada, June 20, 2023 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP; WKSPW) (the “Company” or “Worksport”) is excited to announce that it plans to apply for ISO 9000 certification, an internationally recognized standard for quality management systems, for its wholly owned 220,000 sq. ft. Western N.Y. manufacturing facility. With a new manufacturing line in the test and training phase, the Company expects soon to deliver its innovative, industry-leading light truck tonneau covers and later manufacture its groundbreaking SOLIS solar tonneau covers, designed to work with COR, Worksport’s newly improved hot swap battery system.

Worksport believes it can qualify for ISO 9000 certification based on its strict quality policy, defined by the Company’s CEO, Steven Rossi. “At Worksport, we strive to build long-term, positive customer experiences around our products and services,” Rossi said. “We aim to surpass customer expectations and continually pursue perfection while adopting a zero-defects mentality.”

Achieving ISO 9000 certification is difficult and is a significant accomplishment in and of itself. For the certification, a review is performed by an independent organization that assesses conformance to ISO requirements. ISO inspectors will examine Worksport’s key procedures, such as management, design, quality, manufacturing, and supplier control. The latest ISO standard also emphasizes management and decision-making based on risk, opportunities, and the use of a process approach in overseeing its activities.

“Quality has always been a management obsession at Worksport,” Rossi said. “Since inception, our goal has always been to produce the highest quality products, with clear, effective processes and defined roles and responsibilities for all employees. Our devotion to having and maintaining high standards has been efficient, ensuring the Company has the right systems and resources to respond to our customer’s needs quickly.”


https://www.pjrcert.com/standards/iso-90012008/benefits-of-iso-9000#:~:text=The%20goal%20of%20ISO%209000,quality%20of%20processes%20and%20products.

[Ambro24]

Happy Juneteenth!!!!

[Ambro24]

Happy Fathers Day to all!!! Keep up the great work. Let's get those belts moving and revenues pouring in!!! As the board MOD I can't thank you all enough for keeping posts professional and energized!

[Ambro24]

Not a very informative article, but it is nice to see the community support, that can come in handy. I would like to see WKSP firing on all cylinders (or max amps). Productions in China, Production in US, Energy products, Canadian bullcrap projects, partnerships. Something, anything. Are we still doing heatpumps?

[Ambro24]

Really great posts guys keep up the GREAT WORK!!!!

[Charlie V]

As the EV revolution took the automotive industry, Toyota Motor stubbornly sticked to its beliefs that hydrogen will power the future in which hybrids will be on the roads. For a decade, Toyota sat idly while Tesla Inc (NASDAQ:TSLA) sparked the EV revolution that is now in full swing. But, we the new CEO at the helm, Toyota is finally waking up to the EV reality. 

A Battery Breakthrough
Without offering any technical details Toyota announced this week it achieved a breakthrough in battery technology. Toyota announced it had achieved a “breakthrough” in battery technology, claiming that this solid state batteries will both improve the driving range to 900 miles as well as cut the costs of EVs. Although Toyota is certainly making a strategic pivot , the provided EV roadmap did not include the costs and investment details. 

Ford Has Filed A Roof-Mounted Backup EV Battery System
Lately, Ford Motors (NYSE:F) has been showing it is getting creative. It joined Tesla’s team to benefit from its supercharging network. Last week, it filed for a patent that aims to give drivers more juice while off the grid. The patent in question is a removable backup battery that can be placed on the roof of the EV and become a priceless remote power source during off-roading and camping. Ford says that the backup battery will also be sold as an independent item, as well as leased and rented. But with the current EV batteries weighing about 1,000 lbs, the concept can face issues on its realization pathway. 

Worksport’s Revolutionary Technology Is Coming To Power Pickups, Campsites And Remote Locations
Worksport Ltd (NASDAQ:WKSP) has two ground-breaking products in store. The first is the SOLIS solar-powered tonneau cover, also the first of its kind, that will significantly enhance the power of any pickup, with the first being Hyundai’s Santa Cruz. The second is the COR on-the-go power system. Under the leadership of Dr. Rafael Olivera, this ground-breaking battery power generation has been recently updated in terms of design and efficiency as Worksport proudly announced last week that its interface has been enhanced and power capacity expanded from 2kW to 3kW. What is truly remarkable is that Worksport achieved to increase the output by 50% without altering the size of the battery and while maintain the estimated retail price as well as protecting its margins. In its submitted patent, Ford did not brag about boosting the power density in its backup battery.
All in all, SOLIS and COR are a portable power team that promise the change the face of not only the pickup and the EV world, but also the world of transportation. On June 6th, Worksport already launched its soft folding tonneau cover, SC4 PRO and is making significant progress towards kicking off its hard-folding tonneau covers production line at its newest facility in New York. This innovative company is marching steadfast in its pursuit of industry leadership.  
Toyota has a lot of work to do if wants to win the EV game
All in all, Toyota entered the EV game late and is quite behind. Although this doesn’t mean it still can’t pull off a victory, as Tesla is the written example that anything is possible, companies such as Worksport certainly raised the bar in terms what it has to accomplish.  

[Charlie V]

WEST SENECA, NY , June 12, 2023 (GLOBE NEWSWIRE) -- Worksport LTD (NASDAQ: WKSP; WKSPW), a pioneering manufacturer of state-of-the-art truck bed covers, heralds an era of heightened productivity and growth with the strategic relocation of its corporate headquarters from Ontario, Canada to its U.S. -based manufacturing facility in West Seneca, New York . This decisive move is perfectly timed as Worksport ramps up to initiate its production cycle within the next eight weeks.
This strategic shift of the company’s HQ to be onsite with its new 220,000 square-foot facility in West Seneca, NY , aligns with the company’s mission to significantly turbocharge operations, facilitate enhanced process flow, and foster a solid working community and culture of high productivity. In anticipation of the company’s finalization of its state-of-the-art assembly line setup, it has recently bolstered its talent pool with a second successful job fair, securing a highly skilled workforce poised to drive efficient manufacturing operations.
The onset of production will represent Worksport’s entry into an exciting new phase of its growth plan as the team pivots from production setup to a strong emphasis on revenue acceleration. The company's innovative truck bed covers have already won approval from a national U.S. customer and reseller of automotive aftermarket accessories after a recent sample inspection. Management expects it to be a robust revenue generator. Additional details will be shared as they become finalized.
As the year progresses, investors can look forward to the anticipated production launch of the SOLIS solar cover, a ground-breaking initiative contingent upon the progress of the company's proprietary COR battery system.
Commenting on the move, Worksport's CEO, Steven Rossi , said, "Relocating our headquarters to the U.S. marks a game-changing step in our growth trajectory. Our team is ready to spearhead operations from our new base, reinforcing our commitment to American-made quality and innovation."
The relocation reflects more than just a geographical shift - it signals a transformative leap in Worksport's operational and strategic direction, underlining the company's dedication to innovation, exponential growth potential, and continuous value creation for its shareholders.
For further information, please visit Worksport's official website for investors at: investors.worksport.com.

[buckyboy]

https://m.facebook.com/story.php?story_fbid=pfbid0E55mJLN5VMoQb26BWyGZLcF53TLQaNR6LaFEDfUKLkyBaP32SV26a9ts4sSRCg53l&id=100063569147332&mibextid=qC1gEa

[buckyboy]

https://m.facebook.com/story.php?story_fbid=pfbid0E55mJLN5VMoQb26BWyGZLcF53TLQaNR6LaFEDfUKLkyBaP32SV26a9ts4sSRCg53l&id=100063569147332&mibextid=qC1gEa

[buckyboy]

Great find CharlieV! I hate pay walls. Rossi keeping potential massive news under his sleeve a bit. 100K units!

Maybe SOLIS will go mainstream after all. If it does, then we're looking at a 20 dollar (or more depending on capital structure) stock.

JMO