Worksport Ltd (WKSP)

[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.