Core Insights - Worksport Ltd. is set to launch a new premium tri-fold tonneau cover model, HD3, in Spring 2025, expanding its product mix alongside the AL4 model, which is expected to begin shipping in January 2025 [1][3][6] - The company anticipates robust growth in 2025 driven by the introduction of the HD3 and the upcoming COR and SOLIS clean-tech systems, which are expected to tap into multi-billion-dollar markets [2][6] Product Launch and Features - The HD3 cover will feature an enhanced tri-fold design with user-friendly features aimed at Worksport's B2B dealer network, building on the success of the AL3 product line [1][3] - The AL3 is positioned as an entry-level tri-fold cover priced at $699, while the HD3 will be priced at $799, and the AL4 at $999, indicating a tiered pricing strategy [5] Market Position and Strategy - Worksport aims to strengthen its position in the tonneau cover industry by expanding its product lineup, which includes advanced tonneau covers compatible with major truck brands such as Ford, Chevrolet, and Toyota [2][3] - The company is also focusing on sustainable energy solutions through its COR mobile power system and SOLIS solar tonneau cover, which are currently in alpha-release [6][8] Subsidiary Development - Worksport's subsidiary, Terravis Energy, is making progress with engineering breakthroughs, which will be shared in upcoming updates, aligning with the company's vision of integrating advanced manufacturing with next-generation energy solutions [7][8]

New Tri-Fold Model Expected to Launch in Spring 2025 Joins AL4 in Diversifying Product Mix, Driving Revenue Growth, Underscoring the Company's Expanding Multichannel Market Vision West Seneca, New York, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Worksport Ltd. (NASDAQ:WKSP) ("Worksport" or the "Company"), a U.S. based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, is excited to announce a new premium tri-fold tonneau cover model, b ...

Company Reflects on Record Growth, 2025 Milestones, and Encourages Investors to Stay Tuned for Upcoming Developments West Seneca, New York, Dec. 30, 2024 (GLOBE NEWSWIRE) -- Worksport Ltd. (NASDAQ:WKSP) ("Worksport" or the "Company"), a U.S. based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, would like to extend warm holiday greetings and sincere appreciation to all shareholders, partners, and customers. As the year draw ...

“Worksport’s Road to a $13B Target Market” Underscores the Company’s Growth Strategy, Clean-Tech Innovations, and Expanding Operations West Seneca, New York, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Worksport Ltd. (NASDAQ: WKSP) (“Worksport” or the “Company”), a U.S.-based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, is pleased to announce the launch of its new investor relations (“IR”) website. This enhanced platform provides ...

"Worksport's Road to a $13B Target Market" Underscores the Company's Growth Strategy, Clean-Tech Innovations, and Expanding Operations West Seneca, New York, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Worksport Ltd. (NASDAQ:WKSP) ("Worksport" or the "Company"), a U.S.-based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, is pleased to announce the launch of its new investor relations ("IR") website. This enhanced platform provides s ...

Worksport Ltd. ($WKSP) Shares Enhanced Strategic Vision & Opportunity on New and Improved Investor Relations Website"Worksport's Road to a $13B Target Market" Underscores the Company's Growth Strategy, Clean-Tech Innovations, and Expanding OperationsDecember 18, 2024 8:15 AM EST | Source: Worksport Ltd.West Seneca, New York--(Newsfile Corp. - December 18, 2024) - Worksport Ltd. (NASDAQ: WKSP) ("Worksport" or the "Company"), a U.S.-based manufacturer and innovator of hybrid and clean energy sol ...

Reports 117% Dealer Network Growth, Secures Initial Pre-Orders from Leading Distributors, and Advances BTC/XRP Integration West Seneca, New York, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Worksport Ltd. (NASDAQ:WKSP) ("Worksport" or the "Company"), a U.S.-based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, today provided a corporate update for December 2024. From accelerated sales, pre-orders, and expanding dealer networks, to es ...

Company to Showcase at Premier Investor Event Among Industry Leaders Like Walmart, Yum! Brands, and SharkNinja West Seneca, New York, Nov. 27, 2024 (GLOBE NEWSWIRE) -- Worksport Ltd. (NASDAQ: WKSP) (“Worksport” or the “Company”), a U.S.-based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, is pleased to announce that it has been invited to present at the upcoming ICR Conference 2025, one of the largest investment conference ...

Core Insights - Worksport Ltd. aims for a 100% increase in monthly online sales, targeting $1 million in the near term, up from approximately $500,000 reported less than 60 days ago [2] - The company has expanded its manufacturing workforce by 30% to enhance production capacity and improve margins [1][2] - A second production shift is being added to support the launch of the higher margin AL4 tonneau cover scheduled for December [2][3] Sales and Financial Performance - Q3 2024 revenue surged to $3.12 million, representing a 581% year-over-year increase compared to $458,433 in Q3 2023 [5] - The company is on track to achieve cash flow positivity by 2025, with increasing margins expected [3][4] Product Development and Launches - The rollout of AL3 and AL4 tonneau covers is anticipated to significantly contribute to cash flow positivity in 2025 [4] - Upcoming launches include the SOLIS solar cover and COR portable energy system, expected by Q2/Q3 2025, which will further enhance revenue growth [4] Management Perspective - CEO Steven Rossi emphasized the importance of expanding plant staff and initiating a second production shift as pivotal steps toward improving margins and achieving EBITDA positivity [3]

Core Viewpoint - Worksport Ltd. is addressing unusual trading activity and potential illegal short selling while highlighting strong growth prospects and upcoming product releases. The CEO has shown confidence by purchasing shares at a significant premium to the market price [2][3][4]. Company Actions - Worksport has engaged Digital BD, Inc. to monitor and investigate short selling activities, aiming to safeguard shareholder value and address unusual trading patterns [3][5]. - Digital BD will analyze daily short volume data and ensure compliance with fair market practices as mandated by Regulation SHO [5][6]. Financial Performance - In Q3 2024, Worksport reported revenue of $3.12 million, marking a 581% increase year-over-year from $458,433 in Q3 2023 [9]. - The company projects revenues in 2025 that will exceed its entire market capitalization as of the previous day [4]. CEO Commentary - CEO Steven Rossi emphasized that recent stock trading does not reflect the company's health, citing record sales and upcoming innovative products [4][8]. - Rossi's personal share purchase at a 44% premium underscores his confidence in the company's future [3][4]. Monitoring and Compliance - Digital BD will provide insights into market maker activities and ensure adherence to fair market-making requirements, scrutinizing trading patterns for compliance [6][7]. - The collaboration aims to identify sources of short sale activities and protect the interests of shareholders [7][8].