Thursday, August 31, 2023 10:26:14 AM
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West Seneca, N.Y. August 31, 2023, Worksport Ltd. (“Worksport” or the “Company”) (Nasdaq: WKSP; WKSPW) today announces a comprehensive sales strategy, demonstrating a positive stance on future growth and an unwavering commitment to maximizing return on investment for its shareholders.
Initiating production in early August, Worksport’s factory rapidly secured a commanding $1.6 million order for its premium hard-folding covers. As the Company heightens its focus on production efficiency, the ensuing months are slated to witness an expansion of its operational capabilities, inclusive of multiple new assembly lines, reflecting the Company’s dedication to amplifying shareholder value through strategic capital deployment.
This bolstered production capacity positions Worksport to fortify its brand prominence across eminent B2C platforms, such as Amazon, Walmart, eBay, and the Company’s own e-commerce site. Concurrently, the Company projects onboarding a myriad of new business to business (“B2B”) clientele. Buttressing this expansion drive is the strategic alliance with four distinguished sales partners. The first partner, a venerable entity since 1974, offers representation across all major Canadian distributors with its six representatives spread across Western and Eastern Canada. The second, celebrated as an industry titan, deploys seven agency representatives catering to 14 southeastern states from Texas to West Virginia. The third, automotive specialists with a 20-year SEMA affiliation, oversees territories spanning New Mexico to Montana. Finally, the fourth ensures meticulous coverage across midwestern states from Minnesota through Ohio and has garnered over 100 accolades from manufacturers, encompassing top sales volume recognitions, awards for most improved sales, and distinctions for both Company representative and salesperson of the year.
“At Worksport, we’re reshaping the North American truck bed sector through innovation and strategic partnerships. Every move, from our superior soft- and hard-folding covers to our SOLIS solar cover and COR battery system, is a testament to our commitment to deliver exceptional value,” said Steven Rossi, Worksport’s Chief Executive Officer.
These partners, strategically aligned with Worksport’s anticipated surge in production, are primed to turbocharge the Company’s B2B sales outreach. Initial data reveals a promising prospect of over 70,000 potential B2B clients, setting the stage for Worksport to grow sales in the North American truck bed market.
Simultaneously, Worksport is diligently advancing its efforts to introduce the SOLIS solar cover and the COR battery system to the market. The Company is poised to provide investors with promising updates in the near future.
For shareholders, this narrative echoes Worksport’s visionary strategy and staunch commitment to driving sustained growth while continually enhancing shareholder value.
About Worksport Ltd.
Worksport Ltd. (Nasdaq: WKSP), through its subsidiaries, designs, develops, manufactures, and owns the IP on a variety of tonneau covers, solar integrations, and NP (Non-Parasitic), Hydrogen-based true green energy solutions for the sustainable, clean energy, and automotive industries. Worksport Ltd. seeks to capitalize on the growing shift of consumer mindsets towards clean energy integrations with its proprietary solar solutions, mobile energy storage systems (ESS), and NP (Non-Parasitic), Hydrogen-based technology. For more information, please visit www.worksport.com and investors.worksport.com.
Connect with Worksport:
Please follow the company’s social media accounts on Twitter, Facebook, Linkedin, and Instagram, as well as sign up for the company’s newsletters at www.worksport.com or investors.worksport.com. Worksport Ltd. strives to provide frequent updates of its operations to its community of investors, clients, and customers to maintain the highest level of visibility.
Recent WKSP News
- WORKSPORT ANNOUNCES RECEIPT OF SOLAR PANELS REQUIRED TO BEGIN PRODUCTION OF HIGHLY ANTICIPATED SOLIS SOLAR TONNEAU COVER • GlobeNewswire Inc. • 03/28/2024 12:00:00 PM
- WORKSPORT ANNOUNCES PRICING OF APPROXIMATELY $2.8 MILLION REGISTERED DIRECT OFFERING & CONCURRENT PRIVATE PLACEMENT PRICED AT-THE-MARKET UNDER NASDAQ RULES • GlobeNewswire Inc. • 03/18/2024 12:00:00 PM
- Worksport to Advance Power Electronics with Gallium Nitride Semiconductors, improving on Silicone-Based Technology • GlobeNewswire Inc. • 03/13/2024 12:00:00 PM
- Worksport Set to Launch Innovative SOLIS & COR System This Summer, Providing Options for Partnerships with Tesla, GM, and Ford. • GlobeNewswire Inc. • 03/07/2024 12:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/06/2024 10:15:14 PM
- Worksport Set to Launch Innovative SOLIS & COR System This Summer, Providing Options for Partnerships with Tesla, GM, and Ford. • GlobeNewswire Inc. • 03/06/2024 10:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/23/2024 01:00:28 PM
- Worksport Ltd. Announces New Distribution Partnership with Dix Performance North to Expand Presence Across Canada • GlobeNewswire Inc. • 02/23/2024 01:00:00 PM
- Worksport Announces SOLIS Solar Cover Availability for Ford F-150 Lightning, Pioneering Sustainable Off-Grid Energy Solutions for EV Pickup Trucks • GlobeNewswire Inc. • 02/21/2024 01:00:00 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/14/2024 08:58:26 PM
- Worksport Completes Production of First 1,100 AL3PRO Hard folding Covers compatible with Ford, General Motors, Stellantis, Nissan, and Toyota Trucks • GlobeNewswire Inc. • 02/13/2024 01:00:00 PM
- Infineon and Worksport collaborate to reduce weight and cost of portable power stations with GaN • GlobeNewswire Inc. • 02/07/2024 01:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/06/2024 01:00:30 PM
- Worksport Reports 2,050% Increase in Q4 2023 YOY Revenue, Following a 2,400% YOY Q3 Revenue Advance • GlobeNewswire Inc. • 02/06/2024 01:00:00 PM
- Worksport Subsidiary Terravis Energy Starts To Build Heat Pump Supply Chain • GlobeNewswire Inc. • 01/30/2024 01:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/29/2024 01:00:29 PM
- Worksport Announces Expansion of B2B Dealer Network and Upcoming Availability on Amazon, eBay, Walmart Marketplaces • GlobeNewswire Inc. • 01/29/2024 01:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/24/2024 01:00:34 PM
- Worksport Unveils AL3 PRO Hard-Folding Tonneau Cover - A Game-Changer in Pickup Truck Accessories - Proudly Made in the USA • GlobeNewswire Inc. • 01/24/2024 01:00:00 PM
- Worksport Announces SOLIS Solar Truck Cover will be Available for FORD, RAM (Stellantis) & GM • GlobeNewswire Inc. • 01/18/2024 01:00:00 PM
- Worksport Ltd. Advances Toward COR Alpha Release: Purchases All Inventory Parts For Alpha Release Production • GlobeNewswire Inc. • 01/16/2024 01:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/11/2024 01:00:36 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/09/2024 01:00:29 PM
- Residential Heat Pump Prototype Shows Exciting Early Test Results Beating Current Market Standards – Terravis Moves Heatpump To Commercial Design Stage • GlobeNewswire Inc. • 01/09/2024 01:00:00 PM
- Worksport Announces Strategic Partnership with NeuronicWorks to Assemble COR Battery System for Alpha Release and Full Production • GlobeNewswire Inc. • 01/03/2024 01:00:00 PM
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