Patent Portfolio Growth - Worksport increased its global patent portfolio by approximately 25% in the last 12 months, including both issued patents and pending applications [1][2] - The patent growth supports the company's existing product lines and future offerings, such as the SOLIS solar tonneau cover and COR portable power system [2] - Terravis Energy, a wholly owned subsidiary, contributes to the innovation pipeline with proprietary assets in Cold-Climate Heat Pumps [2] Strategic Alliance with LOT Network - Worksport joined LOT Network, a global consortium with over 4,500 members and 4.8 million patents, to protect against patent assertion entity (PAE) litigation [1][3] - Membership grants automatic licensing of patents enforced by PAEs, safeguarding Worksport and its business ecosystem [3] - Over 50% of PAE litigation targets companies with less than $25MM in annual revenue, highlighting the importance of this alliance [4] Innovation and Industry Collaboration - Worksport emphasizes its commitment to innovation and fair IP practices, urging other companies to join LOT Network to foster industry-wide collaboration [5] - The company's IP growth aligns with its mission to address real-world customer challenges through innovative, user-friendly, and safe products [2][5] Product and Market Focus - Worksport designs and manufactures tonneau covers, solar integrations, portable power systems, and clean heating & cooling solutions [8] - The company has an active partnership with Hyundai for the SOLIS Solar cover and is gaining traction in the EV sector with its hard-folding cover [8] - Worksport aims to capitalize on the growing consumer shift toward clean energy integrations with its proprietary solar solutions and Cold-Climate Heat Pump technology [8]

Worksport Subsidiary Terravis Energy Announces Two Major Heat Pump Breakthroughs, Begins 20-Day CountdownSolving Two Key Market Challenges; Successful R&D Has Achieved a Solution Expected to Revolutionize Home Heating & Cooling, While Being Affordable and Highly Efficient.January 22, 2025 7:55 AM EST | Source: Worksport Ltd.West Seneca, New York--(Newsfile Corp. - January 22, 2025) - Worksport Ltd. (NASDAQ: WKSP) ("Worksport" or the "Company"), a U.S. based manufacturer and innovator of hybrid ...

Solving Two Key Market Challenges; Successful R&D Has Achieved a Solution Expected to Revolutionize Home Heating & Cooling, While Being Affordable and Highly Efficient. West Seneca, New York, Jan. 22, 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, proudly announces that its subsidiary, Terravis Energy [LLC] (“TVE”), a [Delaw ...

Company Reports Unaudited Quarterly Revenue of $2.93 Million, Year-End Revenue Beat, Top-Line of $8.5 Million; Expects Further Expansion with New Products and Growing Margins West Seneca, New York, Jan. 21, 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 pleased to announce unaudited top-line revenues of approximately $2,90 ...

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 ...