Awesome news eh! Maybe they can get some of the folks that Musk just fired for trying to unionize!

Company getting ready for installations, training, and then an explosion North on all fronts!!

What an exhausting ride this has been...

Their capacity will be somewhere between 1000 - 1500 covers daily at full ramp. Lots of pieces need to be in place for the company to achieve these numbers. They will conduct test runs of 25 - 50 per shift once installed and ready to run. After that it's all about orders and supply chains (and personnel).

They're hiring four additional staff members! Another supply chain manager is needed!!

Concerning language about the readiness of COR IMO. Pressure on the engineering team to deliver a UL certified product to market just went through the roof! They didn't spend all of this money to produce traditional covers.

Great news. Less than two weeks until delivery! A 150-foot line like no other in the Northeast is coming to West Seneca!!

lots of moving parts with WKSP/TVE. Hope you find the following insightful and helpful. My questions pertained to TVE to help process some sort of fundamental value for the entire company.

Rossi stated via 3-mail:

"There is a lot of work in progress.



TerraVis Energy is new – just over a year old (or so, I haven’t been counting the days since incorporation).



It has endeavored to research products in various fields:



NPEV = Hydrogen Fuel Cell + Batteries + EV Charger

CCHP = Cold Climate Heat Pump (partnership with University)

EV Chargers = Regular chargers that we’re working with vendors from China, with



In terms of the NPEV & CCHP, we’re still working on our prototypes and are overcoming challenges regularly, which means two things; there have been setbacks, but we haven’t been stopped at any point. Although we’re not near commercialization – we are still progressing. My keen focus is on the CCHP and I will continue to endeavor to build a on-staff team to focus on heat pump development and commercialization on a full time basis. The CCHP is being presently worked on at a local university, and they just move a a slower pace. The NPEV is more delicate because of its use of hydrogen – so there are a lot more rules / regulations / precautions around simply using that gas. However, we have the items to make a prototype (batteries, charger, fuel cell) – we are waiting for approvals to make those connections. In the interim, we will working towards showing our shareholders and stakeholders the NPEV in a digital realm and telling a more complete story.



The grid connected EV chargers: we have prototype samples (level 2 and 3) and we’re working towards installing the samples for testing them, an app we want to develop, and payment systems. Then we can move to UL testing, insuring, and commercializing. All at our factory in Buffalo. This takes time for approvals from zoning to permitting – it’s a big lift!



I will ultimately take a more active role in TerraVis Energy, as my missions are accomplished with:



Release of COR
Release of SOLIS
Production in our NY factory


Those missions should all time to be in good order during Q2 of this year. Then I can soak in the good feeling of executing on projects and take on new focus’ for these other exciting projects.



I will keep you posted as best as I can.



Be well,"

COR has to come before SOLIS. COR development appears to be stuck as one deadline/projection after another is missed. So far it's no big deal as they don't have the equipment yet to produce the product. But, the problems associated with COR, whatever they are, are quickly becoming an issue as equipment is expected to be installed and operational by March. I only post this because of a tweet Rossi posted in response to a question I asked.

"Testing of the COR has taken longer for a myriad of reasons - but we're still progressing towards a market ready product in the short-term. Step by step. SOLIS will be made at our NY plant once its up and running in April(ish)"

Remember that Terravis Energy is a subsidiary of WKSP.

We all know that L. Rossi has shipped a 60KwH and a 120KwH grid chargers to West Senenca for installation at some point. We need an update. I've asked for one. That being said, L. Rossi posted the following on Linkedin about 3 months ago with a picture of their 120KwH charger.

"We are happy to introduce our very 1st 120KWh fast charge station ready to go to work @2500 N.America Drive in West Seneca N.Y. where all the local hard working people will make hundreds more in collaboration with our global partners. This is our very first generation EV charger and we are committed to continue its technological evolution to ensure that it will be able to address the needs of all current and future EVs. #evcharging #ev"

The aset value of WKPS is a tad over 2 dollars. Once sales of traditional covers, SOLIS and COR begin the value of the company shold skyrocket. I never hear anyone speak about the potential of the variety of TVE products that are with reach for production such as the grid chargers and the heat pump. There's more gong on here than most people realize!!

Wahooo!!

2nd half of the year is going to be epic for sales. Get the machines installed. Start several weeks of training, and then start jamming product out the door. This will shine a light on WorkSport and its entire array of products. Will help with branding IMO.

Asset value of this company will/should continue to increase establishing a much higher base over 2.00 IMO until sales start to drive the PPS north.

Initially I'm hearing a 50/50 split between WKSP branded products and Private Label. .

You're right! SOLIS purportedly will follow closely behind COR. And, so far, we do not have UL cert for COR. Without UL cert they cannot sell the product. They are working with the right organizations to get it completed...but so far, no cert.

This could simply be a timing issue with respect o installation of equipment. I have to believe they're really close. Every time I ask about the cert I get silence in return.

Stock continues to trade for cash value.

Great update. Sound quality issues didn't really detract from the overall message. Production capacity is going to be much broader than I expected! This is a very good thing.

Buffalo facility will be able to produce between 1000 - 1500 covers per day with two additional sub-contractors adding even more capacity!

Rossi isn't kidding when he indicated he was going to build a global OEM!

Very exciting times are near. I love watching this company grow even after all of the frustration.

Big changes looming within the next three months and the company continues to trade for cash value. Amazing opportunity for investors.

A 4M dollar line is a monster. This is great news. Production should start in earnest hopefully by mid Q2 following several weeks of training after line installation.

Stock continues to trade for cash value. This PR should spark a slow trend toward asset IMO which is around 2 bucks. Once productoin starts and we get a glimpse of what sales will be like we could see a steady rise for the rest of the year. All JMO.

We may get a glimpse of what Private Label interest is before the EOY 2023.

The amount of American made capacity in this industry is getting ready to explode because of WKSP.

Exciting clarification from the boss regarding my question about Hyundai.

"We don’t know exactly but we know that HATCHI in USA is pitching an EV truck to Korean management. If it’s approved to move ahead, they would get the green light to develop an EV truck. While presenting the EV truck, they are presenting it with our solar solutions.

So there is equal a chance for and against the truck being “green lit” by Korea HQ, as it coming with the solar cover.

I feel that the current direction of the market is in our favour but there are no assurances. Our product provides solar power and carbon credits, which we feel is compelling enough a reason. We have another similar relationship that we’re keeping private and have forthcoming potential inroads with two other automakers. I feel it’s reasonable to expect at least one to pan out.

Regardless, we have demand enough for our product that we could see equal success with higher margins if we simply start with a direct to consumer business model, which we are prepared to do. With the information at hand, I feel we have a strong possibility for capacity issues - more demand then we can produce. My 100% focus this year is to begin domestic production. Our internal motto is “deadline or die” and those deadlines are to begin production by March 31st; even if it’s smaller scale. Then ramp and evolve.

For clarification, deadline or die doesn’t mean the company will die; we have more cash than we need to accompany our goal. Deadline or die is a motivator for management to meet deadlines or reach or forgo incentives that each manager has."

I'm going to try and get clarification on the Hyundai deal. It almost reads like the project will resultt in the Hyundai OEM producing the SOLIS/COR for their vehicles in their own facility. This would be an amazing deal if I'm reading it correctly. Not sure though. So, I'll ask.

Richmond Hill, Ontario, Canada – January 10, 2023 – As Worksport’s CEO, let me begin by wishing everyone a Happy and Healthy 2023. There is much to accomplish in the year ahead.

Looking back at 2022, we made significant overall progress but faced challenges that caused setbacks in getting our recently acquired U.S. factory in upstate New York ready for production. Finding the best suitable solar supply partners took more time than initially expected due mainly to Worksport’s high standard of quality and rigorous testing. In addition, we experienced delays in procuring the factory’s required machinery, which unfortunately caused the current holdup in our production readiness. I am proud to announce that those challenges have been successfully resolved, and we are moving toward our goal of producing our Hard Folding Tonneau Covers and SOLIS (Solar) Tonneau Covers in our very own U.S. factory.

Q1 2022 Highlights
Despite a declining market, lasting much of the year and tightening financial conditions, Worksport started the year with nearly US$30 million in capital and big plans and goals that are now possible. The Worksport team began to fulfill its promise to investors: moving hard folding tonneau cover manufacturing to the U.S. and starting to produce the SOLIS solar light truck bed cover (previously known as Terravis).

Q2 2022 Highlights
The second quarter began with us agreeing to provide Hyundai America with working models of Worksport’s SOLIS (solar) tonneau covers and custom support stands in addition to attempting to produce the COR ESS system (portable battery with advanced hot swap technology) for Hyundai’s potential forthcoming electric pickup truck at no charge. It’s an exciting project that moved forward greatly during the rest of the year. It takes time to build the factory to produce electric pickups, regular truck beds and solar covers. We believe that the two companies working together and strengthening their mutual knowledge is a great way of growing closer and creating the conditions for potential future collaboration. We publicly announced this project in a press release on April 21, 2022.

In another development, Terravis Energy, a Worksport subsidiary that researches and develops hydrogen energy solutions, unveiled its Non-Parasitic Electric Vehicle (NPEV) System to fast charge EVs with hydrogen-based Green Energy. This product received funding from the Canadian government for R&D, allowing Terravis to continue an exciting path for a greener future. Some investors have expressed concerns about the potential for this product line to distract us from our primary mission. Still, as Worksport’s CEO, I can say this R&D endeavor enhances our focus, adding to our learning and helping to realize more efficient SOLIS solar truck bed cover production. In addition to outstanding teams like Hyundai, there are other incredible companies we are teaming up with that we cannot disclose yet. All these relationships are expected to lead to revenue growth.

In May, after many inspections, negotiations, extensive due diligence, and research, Worksport achieved something extraordinary: finalizing the purchase of its 222,000 sq. ft. factory in West Seneca, a Buffalo, NY suburb, where we plan on manufacturing our “Made in America” hard folding cover and its exciting enhancement, the SOLIS solar cover. The purchase cost was US$8.25 million, with a favorable $5.3 million loan agreement with Northeast Bank. An incredible feature that gets the Worksport team excited is the 17,229-square foot Automated Storage & Retrieval System, or AS/RS, that stands 90 feet tall and significantly reduces staffing needed to maintain inventories and pick orders.

This purchase was a key step in beginning American production, so the real work to build the factory and its automated systems could begin. Even New York Governor Kathy Hochul was excited about our move, and her office put out the following statement:

“Governor Hochul’s dedication to attracting small businesses, by supporting forward-thinking companies like Worksport Ltd. will continue to strengthen the economy and create high-quality jobs in Erie County and across the state,” said Empire State Development Acting Commissioner and President & CEO-designate Hope Knight. “As Worksport’s first U.S. production facility, this project will solidify the company’s investment within New York State, help foster innovation and green technology, and provide the potential for even more jobs in the future.”

At Q2’s end, we launched our first storefronts on Amazon, eBay, and Walmart Marketplace, opening direct-to-consumer sales. These outlets came online even before the NY factory was ready. We believe it takes time to improve the process, allowing us to gain more experience with the online storefronts and put the right people in place to manage the new sales volume.

Q3 2022 Highlights
In Q3, Worksport was granted C$1.15 million from MITACS (see press release), the Mathematics of Information Technology and Complex Systems, a non-profit Canadian national research organization, in partnership with the Canadian government, our alternate hydrogen energy project development.

In addition, there were some great moments to share when on July 29, we rang the symbolic Nasdaq closing bell in New York City to commemorate our uplisting in August 2021.

SOLIS and COR were presented to one additional international auto manufacturer in Q3, and as we move forward, Worksport will provide updates on our relationships where possible.

Q4 2022 Highlights
Q4 was devoted to taking delivery of, installing and testing equipment in the West Seneca, NY, manufacturing plant. In a series of video reports, I updated investors and gave them an inside look at our progress there. Linkedin & Worksport Youtube.

On December 16, I did an Interview on Bloomberg Radio’s highly rated “The Tape” with hosts Paul Sweeney and Kriti Gupta.

Here is a penetrating question that Sweeney asked:

Sweeney: “Who is your end-market customer, is it the individual, the auto OEM, the parts stores? Who is your customer?”

Rossi: “A great question. Our solar truck accessory is perfect for the OEM. At this point, we have a named partnership with Hyundai, and we have various other discussions happening with other OEMs on the North American side. The accessory can be installed on an electric pickup truck – and charge the truck – or on a gas or diesel truck and turn that truck into a microgrid at the job or campsite. With our battery system, our market broadens from being a humble supplier to the automotive markets, which is somewhat niche, to the global consumer market. Anybody, whether they drive or not, could use our power generator for a stormy day, or as I said, for the job site or campsite. That fits perfectly with the direct-to-consumer market, or with mass merchandisers like Home Depot, for example.”

Looking Ahead to 2023
Our main goal is straightforward and clear: complete our NY factory to start manufacturing as soon as possible to meet current demand. Finishing our factory will open the doors for meaningful revenue growth. For me personally, as Worksport’s CEO, it has been frustrating talking to clients who want to order significant quantities of our products — and even signing letters of intent — while we are preparing the factory. Yet they can tell we have invested in R&D of ‘made in the U.S.’ compared with our ‘made in China’ product offering. That’s a good sign, but we need to get these products off the line and into the hands of our partners and consumers.

We plan to continue investing in and developing our Intellectual Property. At the end of January, our team has an inspection planned for a key piece of manufacturing equipment, and if everything is approved, it can be shipped to our plant with an arrival expected in March. After its installation, training can start. It will take a few weeks, but then we should be able to begin our automated production processes finally. This will be a great celebration for the team and investors because Worksport will be capable of switching from building out our New York factory to producing U.S.-made hard covers and SOLIS solar covers. This will shift the focus to our next target, sales and revenue growth, and then — profitability and sustainable growth. And that is what matters to investors, for the company and future product innovations for our clients.

Building a business always comes with obstacles, but I am happy to confirm that we are still on track to deliver on our promise: to bring truck bed manufacturing to the U.S. in our very own New York State factory. We have encountered many challenges and delays but are proud to say that we have overcome each and are on track to open our US factory this year.”

Our two main goals for 2023 are:

1. Finish building our West Seneca, NY factory as soon as possible; and

2. Aim for profits and sustainable growth.

That’s Worksport’s year in review. We thank you for your support and patience. We believe there is a great year ahead. All the best to you and your family in the New Year.

Sincerely,

Steven Rossi

Chief Executive Officer

Different business models. But, yes, PPS of 8 -10 bucks would be very nice.

Number of institutions holding shares in WKSP - 16

Number of institutions holding shares in AMV - 3

Go figure.

Rossi bringing some incredible capacity into Buffalo before the middle of this year. I have a feeling the 2nd half of the year will put a smile on everyone's faces. It has most assuredly been a frustrating road to travel.

If everyone missed it Rossi apologized to all stakeholders for the delays in his latest PR.

https://www.arizton.com/market-reports/us-tonneau-covers-market

A mere two percent of this market is 64M! Assuming 3.2B total sales 2023 based on CAGR growth.

THE U.S. TONNEAU COVER MARKET SIZE WAS VALUED AT USD 3 BILLION IN 2021 AND IS EXPECTED TO REACH USD 5 BILLION BY 2027, GROWING AT A CAGR OF 8.6%.
The U.S. Tonneau Cover Market Size, Share, Trends Analysis

Product: Hard Tonneau Cover and Soft Tonneau Cover
Sales Channel: OEM and Aftermarket
Region: Midwest, South, West, and Northeast

That, my friend, would be astronomically huge. I viewed their video of their upcoming RAM 1500 EV. It looks sweet. Makes the Cybertruck look like the POS that it is. IMO Musk designers really missed the mark on this ugly duckling.

Good catch. All of these developments will take time. But, being associated with the best automotive R&D teams in the world is most assuredly a plus!

Great update from Rossi. Looking like mid to end of Q2 for major production starts. Between now and then the PPS floats in a range. I love the language that indicates big orders are in queue. 2nd half 2023 our hopes and dreams will start to materialize. Like Rossi says...finally. We can't put a fundamental value on the company until we get sales projections. Until then I believe we trend toward asset value which is about 2 dollars. Exciting to know they're actively working with at least two major OEMs. Institutions are holding tight so far. I fully expect this ownership percentage to increase throughout the year as the company proves sales and growth. I do believe this incoming Salvagnini line can produce upwards of a thousand units per day. Rossi building a global OEM? Maybe.

Rossi indicated on twitter today that the big Salvagnini unit scheduled for delivery in March may be ahead of schedule. He indicated the last part of the unit is shipping 1/19 (next week).

This is great news.

(A) Bid Price

A failure to meet the continued listing requirement for minimum bid price shall be determined to exist only if the deficiency continues for a period of 30 consecutive business days. Upon such failure, the Company shall be notified promptly and shall have a period of 180 calendar days from such notification to achieve compliance. Compliance can be achieved during any compliance period by meeting the applicable standard for a minimum of 10 consecutive business days during the applicable compliance period, unless Staff exercises its discretion to extend this 10 day period as discussed in Rule 5810(c)(3)(H).

For those that want to review delisting standards for NASD listed stocks. Why? Because IMO this company is at least 3 - 6 months away from any meaningful domestic production out of Buffalo. Rossi is providing zero guidance on sales of traditional covers. The stock in the warehouse looked great, but I'd rather see it heading out the door on trucks to customers.

If sales don't pick up before the middle of 2023 then IMO they hint at capital raises this year. If the PPS is depressed, then dilution will be more than we like at this point their development. This statement is just a wild ass guess.

Two actions can reverse the PPS direction rapidly. Sales of traditional tonneaus and UL cert of COR so that sales can begin followed closely by SOLIS.

https://listingcenter.nasdaq.com/rulebook/nasdaq/rules/Nasdaq%205800%20Series

Well now. We hit 1.10 and the RSI has completely bottomed. A 1YD chart shows this occurred only once during the past year (Feb) and then started a run, followed by a retrace, and then a higher high as trading days unfolded.

This company was in massive flu last Feb with no product releases in sight other than traditional covers for 2022. We are simply much closer than we were in Feb to something meaningful occurring.

If you're a betting man, this stock is oversold bigly. But IMO it's oversold for very good reasons (i.e. amost no revenues and no clear indication of when SOLIS/COR will be ready for market release and production).

Let 2023 be the year this company finally gets Buffalo running and starts generating millions in revenues.

GLTA

1.00 is cash value of this company. They are exhibiting a 2M ash burn rate per Q.

2.00 is asset value. Without assets producing sales this number simply doesn't matter.

GLTA

Solar Panels Go Perfectly With Pickup Truck Tonneau Covers

ByTina CaseyPublished2 mins ago
5 Comments
Despite a wave of opposition against solar arrays on farmland in the US, solar panels are going to find their way onto farmland one way or another. In the latest example, the Canadian company Worksport is introducing new solar-enabled tonneau covers that turn pickup trucks into rolling renewable energy microgrids, whether they run on electric drive or gas.

Solar Panels On Pickup Truck Tonneau Covers: Who Wore It Best?
Before anyone says the T-word, yes it is the case that Tesla teased a tonneau cover with solar panels for its Cybertruck pickup, back in 2021.

A little farther back in time, though, the Canadian company Worksport had already sniffed out the idea of a PV makeover for tonneau covers.

Worksport doesn’t make electric vehicles, but the company does make tonneau covers for pickup trucks. Tonneau (pronounced tuh-NOW) covers are the flat covers that go over truck beds to protect against loss, theft, and weather. That part of the auto market is covering more and more territory as sales of pickup trucks surge in the US.

In August of 2020, CleanTechnica’s Zack Shahan spotlighted Worksport in a rundown of the pros and cons of outfitting a vehicle with solar panels. The body of a passenger car poses a number of challenges, including accident risk, he noted. Pickup trucks face some of the same issues, but to a lesser extent due to the availability of a flat surface:

“A solar tonneau…can be removable, allowing you to collect sunlight elsewhere when that’s useful. Secondly, it’s probably less likely to get damaged in a minor accident. Furthermore, a work truck may have more need for an extra, remote charge from sunlight.”

“Well, now another advantage is that you can soon get one,” he added.

How About Some Perovskite Solar Panels For Your Pickup Truck
Challenges or not, in September of 2020 Worksport issued a press release that emphasized its continuing commitment to conventional tonneau covers, while also aiming at a wide target for its new SOLIS solar-enabled tonneau covers, to be manufactured through its subsidiary, TerraVis.

“In the future, an aftermarket TerraVis™ system version will be made available for all popular major light truck models,” Worksport announced.

Solar panels are just one element in the TerraVis system. The solarized tonneau cover is paired with the company’s COR energy storage platform.

“Our flagship product is a folding truck bed tonneau cover with integrated solar panels called SOLIS and a portable energy storage system called COR,” Workspace explains. “Together, SOLIS and COR become a mobile solar power generation system capable of forming personal nanogrids for pickup trucks, producing and storing power anywhere, anytime.”

Those solar panels could be sporting the latest perovskite technology. Last year the company announced a hookup with the Italian firm GreatCell Energy (formerly GreatCell Solar Limited), which is a member of the EU thin film PV consortium, Solliance.

This is of particular interest because perovskites are a class of lab-grown crystals that mimic the superior optical properties of their namesake, the naturally occurring mineral perovskite. Compared to conventional silicon solar panels, synthetic perovskites are inexpensive and lend themselves well to high volume, high throughput manufacturing processes. The thin film platform also helps to reduce both the cost and weight of solar panels.

There being no such thing as a free lunch, earlier perovskite solar cell iterations suffered from durability issues. Various workarounds have emerged in recent years. The challenge is to improve durability and solar conversion efficiency without erasing perovskite’s edge on the cost side.

Solliance is one of the organizations working on a silicon-perovskite hybrid solution, and they appear to have hit the nail on the head.

“For the first time, four-terminal perovskite/silicon tandem devices with certified top cell pass the barrier of 30%. Such high efficiency enables more power per square meters and less cost per kWh,” Solliance announced last September.

“Additionally, achieving high-power density will create more opportunities to integrate these solar cells into construction and building elements, so that more existing surface area can be covered with PV modules,” they observed. They didn’t mention tonneau covers, but that fits the general picture.

One Step Closer To The Solar Powered Pickup Truck Of The Future
This past year has been a busy one for Worksport. In April, the company entered an agreement with Hyundai America Technical Center, Inc. to produce customized prototypes of its 650-watt Worksport SOLIS solarized tonneau cover, engineered to fit the bed of Hyundai’s Santa Cruz pickup truck. The agreement also includes Worksport’s COR energy storage system.

The agreement was an exploratory one, with future collaboration pending delivery of the prototype to HATCI.

In May, the company acquired a manufacturing facility in the US city of West Seneca, a suburb of Buffalo in New York State. Meanwhile, Worksport also announced another step forward in commercial production of its COR energy storage system.

“COR, with modular batteries and advanced hot-swap technology, works with SOLIS, Worksport’s groundbreaking advanced truck bed tonneau cover with integrated solar panels,” Worksport explained.

The timeline includes a shakedown period before release to reviewers and potential customers for a first look, anticipated early next year (possibly, very early). “A major Original Equipment Manufacturer who has been developing its own exclusive SOLIS and COR system for its brands will also receive an entire system for further review and development,” Worksport added.

Solar Power On The Farm
In a widely circulated interview with Bloomberg on December 20, Worksport CEO Steve Rossi indicated that the partnership with Hyundai is still active. He also underscored the significance of the COR energy storage element for workplace use as well as recreation.

“The accessory can be installed on an electric pickup truck — and charge the truck — or on a gas or diesel truck and turn that truck into a microgrid at the job or campsite,” he said. “On our battery system, it broadens our market from being a humble supplier to the automotive markets, which is somewhat niche, to the global consumer market. Anybody, whether they drive or not, could use our power generator for a stormy day…That fits perfectly with the direct-to-consumer market, or with mass merchandisers like Home Depot, for example.”

That circles back around to the pushback against solar panels on farms. Last spring, Reuters took note of a sudden surge in opposition to large scale PV arrays on farmland. As described by Reuters, the activity is primarily organized on Facebook and draws liberally from anti-science conspiracy theories about climate change.

As part of their case against large-scale solar arrays on farms, opponents also advocate for a focus on developing brownfields and built infrastructure for PV use, rather than arable land.

However, solar developers are unlikely to give up. Farmland offers the bottom line benefits of pre-developed, treeless, wide-open, unshaded, and relatively flat land with good road access and transmission infrastructure. Soil restoration and biodiversity factors can also help support their case.

In the coming months and years, rural solar developers may also get some unexpected support from local pickup drivers who are getting a first hand experience with the many benefits of solar-plus-storage systems.

Follow me on Trainwreck Twitter @TinaMCasey.

Find me on LinkedIn: @TinaMCasey or Mastodon: @Casey or Post: @tinamcasey

Photo: Solar-enabled tornneau cover with energy storage courtesy of Worksport.


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Wow. A 5-minute interview that IMO was a complete waste of time.

USA scientists achieved nuclear fusion in a controlled environment on Dec 5th. This is what L. Rossi was writing about. It is a tremendous accomplishment that will eventually lead to an entirely new form of useable energy.

While it's in the green energy space it most assuredly has nothing to do with TVE. At this point in time, we have absolutely no idea what TVE is doing or when they'll bring products to market.

Reading between the lines a bit here I interpret this language to mean COR will not arrive this year for final testing. Global events certainly seem tube overwhelming their timetable for delivery of products and production from Buffalo.

If COR was actually arriving this year, he would be screaming it from the mountain tops eh!

Tons of possibility here moving forward. Tons of pain in real time. Institutional investors still holding a bunch.

We shall see...

Their interview got pushed out to next week. According to Rossi the change in accounting firm was to secure a local Firm as they continue to grow.

They also filed an 8-K regarding the resignation of their Accounting Firm and the subsequent appointment of a new firm.

I expect a ho hum run of the mill radio chat today. If he had anything specific he would have already PRd the info.

New 52-week lows are upon us as we head into the holiday season. Why? Because WKSP supply chain, like so many others, is simply unable to respond quickly. Cash value is 1.00. Asset value is about 2.00. No sales are a gut punch to the PPS We should see major improvements 2023.

Final tooling is purportedly done for COR. It's just a matter of getting the units delivered now so they can be dispersed to interested parties for final testing. They have purportedly worked with a highly respected company to ensure the UL certification process goes smoothly. If it doesn't, there will be more delays. I'm hopeful.

We really don't know the status of SOLIS. The company continues to work with some large OEMs for integration of COR and SOLIS into their platforms. This could take another year before anyone signs on to the idea IMO.

Traditional cover sales clearly lagging. This should improve.

Where production stands in Buffalo is still unclear. We know they have two milling machines installed. We have no idea if they're operational.

If any of the deadlines had been met, we would be trading a lot higher (possibly 4 - 6-dollar range. If sales for traditional covers were in the hundreds of thousands, we would be trading a lot higher.

Company is still a very exciting opportunity. It's clear as shareholders we have yet some more bumpy roads ahead.

Very optimistic for 2023! I really hope to hear something from Lorenzo Rossi about TVE Heat Pumps and Grid Chargers before the EOY. They have taken all excepted timelines for products to market off of their web site. L. Rossi has not communicated well at all. Maybe they'll get better.

If supply chains are slow now, they'll start to slow down a bit more as we enter the heartbeat of the holiday season.

All JMO

GLTA Enjoy your holidays!

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001096275/000149315222031953/form10-q.htm

At Terravis Energy, we develop relevant and applicable solutions to address climate change, urbanization, economic development, electrical needs, and resource competition.

Q4 2022 - Hydrogen Fuel Cell PEM lab completed.
Proton Exchange Membrane Fuel cell
End of Q4 2022: NPEV prototype completed TRL7.

End of Q3 2023: NPEV TRL9.

Q4 2023: NPEV production will begin.
Non-Parasitic Electric Vehicle charge stations
Non-Parasitic Electric Vehicle charge stations with onsite H2 production.

Q1 2023 Continuing R&D on augmenting NPEV capabilities with our in-house developed electrolyzer.


Q4 2022: Cold Climate Heat Pump 2nd prototype completed.
2023 - production and sales of Terravis Energy Cold Climate Heat Pump.
Terravis Energy CCHP: Cold Climate Heat Pump

2023-2024 Investigate wireless charging solution for EV using in Terravis Energy-engineered unique magnetic resonance design and technology.
Terravis Energy MagRez Charger

2023: Single use, clean renewable energy generation for home use coupled with energy storage battery bank (Power Guardian).

2023-2024: PEM fuel cell and PEM electrolyzer upgrades by implementation of in-house PEM R&D.

Terravis Energy Nanogrid and Terravis Energy BESS
We will continue to produce clean energy using renewable resources for a variety of customers with a special focus on 1st nation's needs.
Terravis Energy Microgrid

Q2-2022 Grid connected chargers design to be developed in house.
Q3-2022 Grid connected chargers ready for delivery.
Q4 –2022 Q1-2023 Grid connected chargers built /assembled in the Buffalo (NY) factory.

2023 - Perovskite R&D will move forward with the objective of addressing issues pertaining to film quality and thickness.
2024 - deploy perovskite solar panel for be used on our SOLIS tonneau covers.

2023-2024 - continue research with partners on Quantum Dot Solar Cells.
Solar technology

Dates are approximate and may change due to current supply chain challenges.

Company clearly has a history of overpromising and underdelivering. That being said the battery industry domestically is just starting to be built. So, all supply chains run through China for the world.

Supply chain issues persist globally. All companies are affected.

This company has leapfrogged ahead of schedule overall with their capital infusions and NASD listing. They are bringing products to market that the markets haven't seen before. They will be fist.

Maybe over the past year if you had shown any respect at all form management, they might not have blocked you. Behind the scenes and privately I have been a lot tougher on them than you. But, always with respect for them monumental business challenges they face and have overcome.

It's probably because of my many years in various production facilities including NYSE traded steel companies and R&D startups that I see what he is trying to do. Ie is a great CEO in my eyes. If you continue to be negative and disparaging, then anyone in any industry would block you.

Have a nice day.

What Rossi actually said about the delay: "We're broadly on schedule, but we wont get the CORs this month. Looking like next month since there are so many other parties involved in tooling, validation, pre-testing, testing, supply-chain...etc."

There are no internal batteries. Here a small factoid for you with respect to lithium-ion battery production. All companies are facing the same challenge until major battery manufacturing plants can be spun up in America. As a small start-up company WKSP has overcome many challenges and is now poised to succeed on a very big scale. So happy I could help you out today!!

"Once a laggard, China’s share of global lithium-ion battery production capacity was 76 percent in 2020; the U.S. share? A mere 8 percent."

https://www.grid.news/story/global/2022/01/18/china-is-owning-the-global-battery-race-that-could-be-a-problem-for-the-us/

Rossi stated on twitter that final version of COR batteries are delayed until next month.

Rossi stated on twitter that final version of COR batteries are delayed until next month.

It's almost show time!

Richmond Hill, Ontario, Canada – September 13, 2022 – Worksport Ltd. (Nasdaq: WKSP; WKSPW) (the “Company” or “Worksport”), is announcing it is nearing the completion of tooling for its COR portable energy storage system. This is the final step in a long effort to perfect the product and prepare it for market launch. COR, with modular batteries and advanced hot-swap technology, works with SOLIS, Worksport’s groundbreaking advanced truck bed tonneau cover with integrated solar panels.

“This is a very exciting moment for the Company. The work we put in prior to this final pre-production step in all probability means there will be no further required changes before introducing COR to the wider market,” said Worksport CEO Steven Rossi. “The first production-ready COR systems are expected to be delivered to the Company for final testing in mid to late October with its companion SOLIS tonneau cover to follow by the end of the year. One of the reasons that these production dates are realistic is that Company worked with the leading UL consultant who helped us smooth the way for rapid UL approval.”

In looking back on the journey that has culminated in production readiness for COR and SOLIS, Rossi added, “In less than two years, we raised the money needed fund the advanced R&D necessary to launch SOLIS and COR as well as re-built the company from the ground up, build up inventory of current product lines, brought on skilled qualified team members and are now about to launch a unique products that have been created to regenerate electric power from the sun, enhance the environment, reduce carbon emissions and change lifestyles in outdoor workplaces and recreational sites. We are very proud of these accomplishments and wish to thank those early investors who supported us from the start of this important journey. The hard work is done and now is the time to change our focus — from building and preparing to produce and distribute these exciting products.”

The Company said that before production, there will be some final internal testing to ensure the COR is pushed to its limit and still keeps working effectively. Then several will be sent out to influencers, reviewers and eagerly awaiting potential customers, including OEM’s we’ve been working towards building a lasting relationship with like Hyundai, as well as others while media assets will be prepared, demonstrating COR’s capabilities. Other partners will also receive pre-production models. A major Original Equipment Manufacturer who has been developing its own exclusive SOLIS and COR system for its brands will also receive an entire system for further review and development.

“Current pre-sales have been very useful and have provided the Company with valuable insight in shaping our upcoming SOLIS and COR marketing campaigns,” Rossi said. “They are new, out of the box and lifestyle changing ideas, and no pre-existing prototype campaigns already exist. We now understand our customers much better, and we can’t wait for them – and our shareholders and investors – to use these products and understand their vast potential. It is a true inflection point for Worksport, and the most exciting moment in the Company’s history.

Major HoldersCurrency in USD
Breakdown
25.23% % of Shares Held by All Insider
6.89% % of Shares Held by Institutions
9.21% % of Float Held by Institutions
17 Number of Institutions Holding Shares

That quote was an e-mail response to me that I shared. It was about the S-3 filing. It had nothing to do with production forecasts.

I will repeat. Buffalo is everything. 2nd Milling Machine will be coming online at some point next week. Capacity is increasing as we watch this flower unfold.

The big piece of Savagnini equipment was delayed from mid Dec to March 2023. It is what it is. In the meantime, they will subcontract the work to avoid production delays once COR/SOLIS are certified and ready to sales. Final COR version due to arrive in Buffalo this month (Rossi indicated mid to late Oct in a PR).

Q3 numbers due 15 Nov. I'm not looking for much at all for this report. We shall see.

Terravis Energy charger installations imminent/soon at the Buffalo Plant. I view this as BETA testing. I'm confident the products will perform very well as OTU is a phenomenal partner.

Contact Rossi via e-mail with your questions. Repost his answers here. It's a lot better than pure speculation. He usually responds within 24 hours, if not sooner.

2nd Milling Machine to certified next week
.
Final version of COR due to the company by the end of them for distribution to a variety of partners, customers, and influencers. Tooling is completed. Which company is producing these batteries for WKSP is a state secret. It has been a long road. Once these batteries are tested by all parties UL cert should follow swiftly. Then it's off to the races as they start filling the first 350K - 450K pre-ordered products.

Final market ready SOLIS due by the EOY.

Production of traditional covers should start in earnest before the EOY.

Don't expect deals with OEMs COR/SOLIS until next year. They are consistently working with at least two large OEMs (probably more) to incorporate their products.

2022 will see production starting in Buffalo. Do not underestimate just how freaking huge this is. 2023 should see an absolute explosion of revenues.

And lets not forget about the potential for Terravis Enrgy to add revenues. 60KwH and 120 KwH chargers on site and should be installed in the short term. TE is being funded by grants right now. So, this process clearly takes a bit longer than traditional financing. I'm waiting for a site update for Terravis Energy to get a better glimpse of possible product launches.

https://www.linkedin.com/feed/update/urn:li:activity:6988934180575354880/

That's a great article from Benzinga. Spot on regarding the challenges all companies face right now and moving forward into an uncertain future.

We'll have to wait and see regarding full production by Christmas. I do believe they'll be cranking out traditional covers, but the green side of the business might not ramp until Q1 2023 (very early in Q1 IMO. The Heat Pump and Grid Charger from TVE would be a bonus if they can hit the market Q4/Q1.

We shall see.

Rossi has made great calls this year on monumental issues Looking for a major shift in valuation once production begins.