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Worksport Provides Progress Update on ISO 9000 Certification
Worksport .Worksport .(US:WKSP) GlobeNewswire News Roomยท2024-09-30 12:15

Core Insights - Worksport Ltd. is progressing towards achieving ISO 9000 certification at its West Seneca, NY factory, expected by early to mid-2025, which reflects its commitment to quality manufacturing and could enhance growth opportunities in key markets [2][4][6] Group 1: Certification Impact - ISO 9000 certification is a strategic milestone that positions Worksport among a select group of manufacturers, as less than 7% of the tonneau cover industry holds this certification, enhancing operational efficiency and providing competitive advantages [3][4] - The certification is anticipated to support potential growth in sectors requiring ISO-certified suppliers, including automotive, electronics, and aerospace, where Worksport's products have significant market potential [4][5] Group 2: Operational Improvements - Achieving ISO 9000 certification is expected to improve Worksport's ability to monitor and manage core metrics, leading to enhancements in key performance indicators such as Days to Ship, Defects per Unit, Customer Satisfaction, and Production Capacity [5] - The company has already implemented ISO standard practices, enhancing workplace organization, workmanship standards, and material control, ensuring high-quality standards for all products [8] Group 3: Future Outlook - Worksport's CEO expressed confidence in achieving ISO 9000 certification by February 2025, highlighting the importance of maintaining processes through regular third-party audits [6] - The company is actively pursuing market expansion and innovation, with plans for new product launches and expanded vehicle model coverage, indicating a positive growth trajectory [9]