Worksport Ltd (WKSP)

[Charlie V]

Richmond Hill, Ontario, Canada , March 14, 2023 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP; WKSPW) (the “Company” or “Worksport”) is excited to announce that its US$4 million custom European manufacturing line has arrived at the Company’s 222,000 sq. ft. factory in Western N.Y. – one month earlier than initially scheduled. The Company anticipates making final preparations for the American production of its advanced, hard-folding tonneau cover -- and later, the proprietary SOLIS solar-charging tonneau cover -- for the growing pickup truck market.
The Company plans to start installing the manufacturing right away and expects the installation to take several weeks, after which it plans to start several weeks of training before it will conduct numerous test runs.
Worksport's hard-folding tonneau covers are expected to be market ready upon production. The newly redesigned COR advanced hot-swap battery system must be tested and completed before its companion SOLIS cover can be sold.
"All of us at Worksport were so proud to have this advanced European manufacturing line delivered to our New York factory," said Worksport CEO Steven Rossi. "It confirms our strategy of sourcing this machine so that American production of our hard-folding tonneau covers can begin. We anticipate beginning installation and training immediately so that we can deploy the manufacturing line as soon as possible. And when that happens, we believe Worksport will be well on the way toward our long-predicted goal of revenue growth."