Worksport Ltd (WKSP)

[FUBAR]

Merry Christmas buddy

[hopeok]

Merry Chtristmas Fubar.

[Ambro24]

I for one am still relatively excited for Q4 ( I am not happy about warrants/dilution). What do you guys estimate revenues to look like Q4? I am hoping for 1.5 Mil or so :) That would show a steady increase while we painfully await promised developments.

[FUBAR]

12/01 was the last post? Board gone quiet. Still have all my shares, waiting patiently. Here’s to a great 2024, let’s go Rossi.

Merry Christmas everyone. And hoping yall have a great New Year too

[buckyboy]

Steven Rossi
@StevenRossiWKSP

·
16h
Replying to
@Bob30112609

I think we need to look at scaling. But, testing won’t be six months. I’d say end of Q1 we have launch and then scale thereafter. The scale will be annually.

(This is regarding COR testing/launch)

[Charlie V]

DOE's ZERH and Terravis Energy: a perfect synergy.
Nov. 27, 20223: the U.S. Department of Energy announces Zero Energy Ready Home (ZERH) Multifamily Version 2 program focuses on improving energy efficiency and environmental sustainability in multifamily buildings. This version expands eligibility to include multifamily buildings of any number of stories, aligning with national requirements, except for specific provisions in California.
Key aspects of the ZERH Multifamily Version 2 include:
Compliance with ENERGY STAR Multifamily New Construction Version 1.2.
Increased stringency in envelope insulation and window requirements.
Inclusion of PV-Ready and EV-Ready Checklists tailored for multifamily buildings.
Electric-ready provisions for future heat pump installations for space and water heating.
Three pathways for certification: Energy Rating Index (ERI), ASHRAE 90.1, and Prescriptive.
For home buyers in the USA, this program's emphasis on energy efficiency and renewable energy readiness could lead to lower energy costs, enhanced comfort, and reduced environmental impact. Additionally, the inclusion of electric-ready features prepares homes for future technology advancements, potentially increasing their long-term value and appeal in the housing market. The alignment with ENERGY STAR standards also assures a high level of quality and performance, which can be attractive to environmentally conscious consumers.
The Zero Energy Ready Home (ZERH) Multifamily Version 2 program will have several impacts on homeowners:
Reduced Energy Costs: Enhanced energy efficiency reduces utility bills.
Improved Comfort: Better insulation and window requirements enhance indoor comfort.
Future-Proofing: Features like PV-Ready and EV-Ready ensure compatibility with emerging technologies.
Higher Resale Value: Homes with energy-efficient features and readiness for future technologies are often more appealing in the real estate market.
Environmental Impact: Reduced energy consumption and readiness for renewable energy contribute to a smaller carbon footprint.
Quality Assurance: Alignment with ENERGY STAR standards ensures high construction and performance standards.
Section 45L Tax Credits for Zero Energy Ready Homes | Department of Energy
The amended Section 45L, under the Inflation Reduction Act of 2022, offers substantial tax benefits to owners of homes certified under the DOE Zero Energy Ready Home (ZERH) program. This includes:
A tax credit of $5,000 for single-family and manufactured homes meeting ZERH standards.
A $1,000 credit per dwelling unit in ZERH-certified multifamily buildings, which increases to $5,000 if prevailing wage requirements are met.
These incentives, effective for homes acquired between December 31, 2022, and January 1, 2033, encourage the construction and acquisition of energy-efficient homes. For ZERH owners, this translates to financial rewards for adopting sustainable housing practices, besides the inherent benefits of energy efficiency and lower operational costs.
Terravis Energy is committed to addressing the challenge of human-caused greenhouse gas emissions, a task that is increasingly pertinent in today's context. Our cutting-edge cold climate heat pump and Power Guardian are in direct alignment with the objectives of the DOE's Zero Energy Ready Home program, reflecting our dedication to pioneering sustainable solutions in the energy sector.

[Charlie V]

https://investors.worksport.com/worksport-proudly-announces-the-cor-system-will-be-assembled-in-canada-with-domestic-and-foreign-parts/

[Ambro24]

$WKSP I think I am actually looking forward to next Q(4). That is something I haven't said about WKSP in the last 3 years. I think the future is looking bright. Or maybe I had a stroke???? Time to buy is now!!!!

[Charlie V]

Worksport Reports 2400% Q3 Revenue Growth YoY as the Company Initiates Production
Revenue growth reflects Worksport’s growing production, and large sales orders to be fulfilled
Company reports strong product backlog and pent-up demand for SOLIS solar light truck cover and COR battery system, advancing towards launch
Inventory built up due to investments in raw materials for production
Made in America production starts with imported and domestic materials
Expansion in product offerings, significant purchase orders, strategic partnerships
West Seneca, New York, Nov. 15, 2023 — Worksport Ltd. (Nasdaq: WKSP; WKSPW) (“Worksport” or the “Company”) is pleased to report its financial results for the third quarter of its fiscal year (Q3 FY2023) ended September 30, 2023. Key Q3 highlights include:

Significant Revenue Growth

For Q3 2023, Worksport Ltd. reported a remarkable year-over-year total North American sales increase of approximately 2399%, with revenues rising from $18,350 in Q3 FY2022 to $458,483 in Q3 FY2023. When accounting for just U.S. revenue, there was an impressive increase of 3359%, from $13,134 in Q3 FY2022 to $454,258 in Q3 FY2023.

“The Q3 revenue growth reflects Worksport’s growing production, and the start of large sales orders being fulfilled,” said Worksport CEO Steven Rossi. “It demonstrates Worksport’s expanding market presence and effective sales strategies that are based on market demand for innovative products for the global light truck market.”

Expansion in Product Offerings

“The Company’s commitment to execution, innovation and expanding its product portfolio is expected to be the beginning of much bigger orders to come,” Rossi said. “The launch of the SC4 PRO, a new product line in June 2023, and identifying a top-tier solar panel provider for the SOLIS Solar Tonneau Cover in September 2023, underscore the success of that commitment. Worksport has identified and penetrated new business-to-consumer and business-to-business sales channels.”

Significant Purchase Orders

Following the Company’s initiating manufacturing at its 222,000 sq. ft. West Seneca, N.Y. manufacturing facility, in July 2023, Worksport received $720,000 in purchase orders for its soft-folding tonneau covers and a staggering $1,600,000 order for its advanced hard-folding tonneau covers, reflecting a glimpse at the strong market demand for its innovative products, made from domestic and imported components. The orders come from both from a national U.S. customer and reseller of automotive aftermarket accessories.

Strategic Partnerships and Agreements

In another strong revenue-generating development, during Q3 FY2023, the Company signed a long-term supply agreement that starts with a projected annual $16,000,000 in sales for its cutting-edge and advanced hard-folding and soft-folding truck bed covers with just one of its major U.S.-based aftermarket customers, further highlighting the potential of its new and existing products.

“What is remarkable about this $16 million estimate is that it does not include expectations of year-over-year growth in sales,” Rossi said. “It is based on the customer’s forecast on an annualized basis and going forward could possibly exceed that estimate by a significant margin.”

Increased Manufacturing and R&D Capabilities

The establishment of a state-of-the-art R&D facility in Springfield, Missouri, and the completion of a custom manufacturing line highlight Worksport’s dedication to quality and innovation during Q3 FY 2023.

“The strategic Springfield location in the U.S. heartland is known for its vibrant truck-loving culture, positioning the Company at the center of its target demographic,” Rossi said. “It will be staffed initially by seasoned Worksport engineers separate from the mainstream factory, embodying a depth of knowledge and proficiency that would be difficult to duplicate elsewhere.”

At the same time, during the quarter, the Company’s state-of-the-art manufacturing facility in Western New York roared to life, with the first custom manufacturing line becoming operational and four more planned for the near future. “The beginning of American production was a transformative event in the life of the company,” Rossi said. “With each successive line, the Company is poised to increase its capacity, reinforcing its market position, reputation for quality, and readiness to meet escalating demand.”

Made in the USA Certification

The official qualification for the esteemed “Made in the USA” (using domestic and foreign components) designation for its line of hard tonneau covers in July 2023 showcases the company’s commitment to domestic manufacturing excellence. The designation ensures the Company’s products are crafted and assembled in the United States, utilizing both domestic and imported components. According to survey research, consumers prefer this designation, driven by the belief that products having U.S. origin and assembly are of superior quality.

Financing and Capital Position

Successful capital raising activities, including the sale of common stock and warrants, some subsequent to the end of Q3 FY2023, have positioned the company to fund its strategic initiatives.

“The third quarter has demonstrated the Company’s capabilities in action. Worksport continues to deliver on its promises, and is functioning as a complete organization, with impressive firm product orders, manufacturing in operation, progress in SOLIS and COR reaching an Alpha launch and financing in place,” said Rossi. “We believe this quarter’s impressive revenue increases are expected to be part of an upward trend as we ramp up production and fulfill product orders. Imagine a hockey stick: that’s how we anticipate our growth curve to look. We are more committed than ever in providing unyielding value and growth to our investors.”

[buckyboy]

This PR was sent ot on 19 Sept 2023. Everything depends on the current cover output from West Senece (except for soft covers of course which come out of China). This being said, one would hope that they've shipped a significant amount of covers in the last two months.

I was told a few weeks ago that they were producing between 50 - 70 covers at W.. Seneca with a goal of 200 per ay by the end of this year. You know how projections go with this company eh! Who knows.

If they're producing anything close to what they've told us then I think minimum 500K for Q3 may be possible. It all depends when and how they book their revs.

19 Sept 2023 PR snippet

WEST SENECA, NY / ACCESSWIRE / September 19, 2023 / Worksport Ltd. ("Worksport" or the "Company") (Nasdaq:WKSP; WKSPW) announces it has secured a long-term supply agreement with an established, leading automotive aftermarket reseller in the U.S. Under this agreement, Worksport is on track to earn an estimated $16,000,000 USD in annual sales of its advanced hard-folding and soft-folding covers, from this single customer. While estimated sales of $16 Million USD are based on the customer's forecast on an annualized basis, this estimate does not include the customer's expectations of year-over-year growth in sales. The agreement resulted from samples that were provided to and approved by this customer previously. This significant step follows the recent start of manufacturing at Worksport's Western New York-based facility after receiving a robust $1.6 million order for its hard-folding covers and an additional $720,000 order for the soft-folding versions, both from the same customer.

[oregon 1]

about $220,000

[Ambro24]

Monday should be earnings, do you guys have predictions?

[Ambro24]

$WKSP We are under a week from earnings Q3 2023. If we are still pathetic it will be visible to the naked eye at that point. For me the fulcrum point is right about $500,000 for q3 revenues. If we are above
$500, 000 we are on the right track and will continue on an upward trajectory. If we see $200,000 or under Rossi and WKSP are clearly snake oil. If we hit $500,00 I will pump for 3 posts!!!!! So get out the way Buckyboy.

[Looklook17]

Nothing about Solis. What is going on.
Rossi speaker up!!!!

[Ambro24]

Nobody gives a **** about carbon savings when they are trying to heat a freezing house. If the product works, and is more efficient, it will sell. I care about the environment but only a fool would market carbon savings before utility to the customer. Same goes for Solis (not that it exists) yet. For Heavens sake please market this product in a way that shows it's utility to customers not what is on your "agenda". I want to see revenues from this company, not hear about their agenda, it is well beyond time. How many people have been hurt by this company and it's unfounded promises? Hundreds? Thousands? I think Rossi himself has created a lot of hot air in the last 2.5 years.

[buckyboy]

WKSP
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Worksport Ltd
Tue, October 24, 2023 at 5:00 AM PDT·7 min read
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Worksport Ltd
West Seneca, New York, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP; WKSPW) (“Worksport” or the “Company”) is pleased to announce that its subsidiary, Terravis Energy, Inc. (“Terravis Energy”), has increased R&D for its Cold Climate Residential Heat Pump, which is also a cooling product, due to expected large-scale growth in the North American and global markets.

An air source heat pump, such as the one Terravis Energy is creating, utilizes the phase change of a special fluid to transfer heat. When heating your home, the pump takes heat from the outdoor air and uses the phase change from liquid to gas to bring that heat indoors. When cooling, it employs the opposite phase change, from gas to liquid, to move heat from inside your home to the outside.

“Most North American households depend on fossil fuel-powered central furnaces, which generate and blow air through duct systems,” said Terravis Energy CEO Lorenzo Rossi. “These systems generate a yearly estimated average of 6,400 pounds of carbon dioxide per household, a greenhouse gas, and are the third largest contributor to carbon emissions worldwide. Future generations, however, will be able to heat and cool their homes with zero-emission, sustainable clean energy, thanks to cold climate heat pumps like the Terravis system.”

The Company is very excited to expand its heat pump R&D team concurrently with massive increases in worldwide growth forecasts, including a North American market size currently estimated at US$7.3 billion with a projected 9% annual growth rate between 2023 and 2032, reaching US$24 billion by 2028. Globally, the market for residential heat pumps is expected to reach US$121.5 billion by 2032. According to Lorenzo, this highly encouraging market expansion is stimulated by two primary factors: (1) ongoing governmental initiatives and incentives to reduce carbon emissions and (2) a growing consumer demand for energy-efficient, clean and sustainable heating and cooling technologies.

In addition, many localities are banning future installation of gas-powered stoves, furnaces, and propane heating, effectively requiring the use of climate-friendly appliances such as heat pumps and induction stoves in many new construction residences. This year, New York was the first state to ban natural gas and other fossil fuels after 2026 in most new residential buildings. Previously, cities have led the way. In 2019, Berkeley, California became the first U.S. city to pass a code banning natural gas hookups in new buildings. Other cities, including San Francisco in 2020 and New York City in 2021, quickly followed suit. Globally, the International Energy Agency recommends that “no gas boilers should be sold after 2025, if net-zero targets are to be realized.”

“The Terravis heat pump is the right product at the right time in a very appealing large worldwide growth market,” said Worksport CEO Steven Rossi. “It represents something major for Worksport as we expect to introduce further energy-based products, including the SOLIS solar truck bed cover and its companion COR hot swap battery system. Developing and marketing the Terravis heat pump is expected to be a first step in the transition to an all-energy enterprise that assists consumers with off-grid solutions ranging from pickup trucks to zero-emission heating and cooling. It’s another example of how Worksport and Terravis continue to outpace expectations across the board. We anticipate that the heat pump will be a great addition to our arsenal of clean and sustainable consumer products.”

As always, Worksport will continue to update investors and shareholders on our progress with all products as soon as information is available.
For further information, please visit Worksport’s official website for investors at investors.worksport.com.

About Worksport

Worksport Ltd. (Nasdaq: WKSP; WKSPW), through its subsidiaries, designs, develops, manufactures, and owns the intellectual property on a variety of tonneau covers, solar integrations, and NP (Non-Parasitic), Hydrogen-based true green energy solutions for the sustainable, clean energy, and automotive industries. Worksport 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

[buckyboy]

Steven Rossi
@StevenRossiWKSP
·
8h
Costing is difficult to publicize since we’re watched closely. But it’s a 9-figure factory in any event.

[buckyboy]

Steven Rossi
@StevenRossiWKSP
·
3h
Replying to
@Bob30112609
First target is 3 cells, lines by mid Q1. The rest will be scoped once we’re closer to first target

[joma]

Want to buy a few thousand shares

[joma]

Wondering what is a good entry point one to buy quite a bit in the chart reader’s

[Ambro24]

Totally agree Q3 is pretty critical, I would like to see at least $500,000.

[buckyboy]

Cut the selling price to 310 for the FC4 as indicated in Rossi's most recent presentation rather than the 800 I used. PPS is greatly dependent on Q3 report (due Nov 15th) and any positive updates on SOLIS/COR and other R&D developments ready for market this year or Q1 2024. All JMO

[MIchaeljohn]

I really like the projection, however what is going on with the current stock price?
Will we ever see $3-$4 range this year?

[buckyboy]

Steven Rossi
@StevenRossiWKSP
·
5h
Right now we’re hovering 50-70 and target for this year is 200 (all daily). Next year we ramp from 200 -> 1,000 by end of year. The amount of engineering required for all of this is mind boggling. But fun.

(if we assume a middle ground here and go with 300 hard covers weekly at a selling price of 800 bucks we're looking at a 3M dollar Q to end the year. This doesn't include sales of soft covers.) We shall see....

[MIchaeljohn]

You right on the Money

[buckyboy]

WKSP chart has now broken the 200 EMA. Next target is 2.20, then 2.00, then 1.85ish. All news events have been great and the company is moving forward rapidly now. Future looks very bright even in the face of a late year decline in the PPS momo.

[buckyboy]

WKSP clearly has a bigger seller at the moment. My guess is it's the 13G filer taking some profits. He reported holding 1.775M shares via a 13G. Not really sure any other entity holds enough shares to create a downtrend like we're witnessing.

The stock has hit the 200EMA at 2.45. I see next support at 2.20. Many indicators are bottomed outnow and show oversold.

Nothig but positive news coming out of the company. Gret sales contracts and potentially a brand new green offering for the residential sector to be announced by the EOY (maybe). Tons of interest in COR/SOLIS from OEMs.

Buy em while they're cheap.

JMO

[buckyboy]

Great news Charlie! And it's only just beginning. They're already adding an additional 70K
square feet of processing space to their West Seneca facility. Automation that will be
installed has this company earmarked to become a small cap growth story. Multiple versions
of COR being developed for the markets. Gross revs of at least one dollar per share operating
expenses! Buy and hold eh!

[Charlie V]

West Seneca, N.Y. September 19, 2023, — Worksport Ltd. (“Worksport” or the “Company”) (Nasdaq: WKSP; WKSPW) announces it has secured a long-term supply agreement with an established, leading automotive aftermarket reseller in the U.S. Under this agreement, Worksport is on track to earn an estimated $16,000,000 USD in annual sales of its advanced hard-folding and soft-folding covers, from this single customer. While estimated sales of $16 Million USD are based on the customer’s forecast on an annualized basis, this estimate does not include the customer’s expectations of year-over-year growth in sales. The agreement resulted from samples that were provided to and approved by this customer previously. This significant step follows the recent start of manufacturing at Worksport’s Western New York-based facility after receiving a robust $1.6 million order for its hard-folding covers and an additional $720,000 order for the soft-folding versions, both from the same customer.

Aligned with this positive momentum and increase in demand, Worksport has outlined its strategic intentions to expand its manufacturing capabilities. The Company has announced initiatives to adopt robotics and automation in its processes, with plans to expand assembly lines from one to a formidable four.

Steven Rossi, CEO of Worksport, expressed with conviction, “Our eyes are set on growth, cash flow positivity, and earnings in the very near future, along with getting our high-quality product into the hands of pickup truck owners.”

Strengthening the Company’s position as cleantech innovators, Worksport is preparing to introduce the SOLIS solar cover, integrated with its pioneering COR battery system. Following the Company’s collaboration with Hyundai, numerous automotive manufacturers have expressed interest in the SOLIS cover, with discussions advancing currently.

Rossi further states, “Our journey, from enhancing our manufacturing capabilities to rolling out innovative products like the SOLIS solar cover and COR battery system, highlights the substantial strides we’ve taken. We’re optimistic about what the future holds.”

[williams45]

Worksport Ltd.( $WKSP ) stands out as a market innovator for truck accessories. Their market cap is $48.47 million and they have a NASDAQ listing.

[buckyboy]

Worksport Advances Towards the Launch of SOLIS Solar Cover with Innovative COR Battery System

https://finance.yahoo.com/news/worksport-advances-towards-launch-solis-120000103.html

[williams45]

Worksport Ltd.'s ( $WKSP ) current price of $2.85 is an indicator of their market position and potential for growth in the truck accessory sector.

[buckyboy]

Love the chart in Rossi's presnetation that describes short- and long-term revenues based on current interest from potential and exiting customers.

Hyundai is clearly not the only big OEM interested in SOLIS/COR.

Company currently working on a 70K square foot expansion!

Some warrants priced at 4 bucks as well as 6.05. Could be a source of funding for the company.

The picture displayed of the Santa Cruz with a SOLIS cover looks really sleek. Hyundai also working on a small picjup truck to compete with the likes of the Ranger.

Great presentation by Rossi IMO.

[Ambro24]

Solar panel supply company. Looks like more stalling by Rossi. SOLIS and COR are 100% half baked for 2 years. Can we turn the oven up? At least it looks like we are beginning to produce soft and hard cover tonneau covers and develop some revenue streams. Great work posting guys but maybe a little more actual discussion and thought and less company PR. Company PR seems to be one sided. Please open up a little and liven this page up!!

[buckyboy]

Worksport Announces Participation to Present at the H.C. Wainwright 25th Annual Global Investment Conference in New York Palace Hotel H.C. Wainwright & Co. is hosting its 25th Annual Global Investment Conference, which is being held September 11-13, 2023.

[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
SHARE POST


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

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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?