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 $999, indicating a tiered pricing strategy [5] Market Position and Strategy - Worksport aims to strengthen its position in the tonneau cover industry by expanding its product lineup, which includes advanced tonneau covers compatible with major truck brands such as Ford, Chevrolet, and Toyota [2][3] - The company is also focusing on sustainable energy solutions through its COR mobile power system and SOLIS solar tonneau cover, which are currently in alpha-release [6][8] Subsidiary Development - Worksport's subsidiary, Terravis Energy, is making progress with engineering breakthroughs, which will be shared in upcoming updates, aligning with the company's vision of integrating advanced manufacturing with next-generation energy solutions [7][8]
Worksport ($WKSP) Further Expands Product Line with HD3 Premium Tri-Fold Cover, Building on AL4 Momentum and Teasing COR & SOLIS Innovations