Core Insights - Worksport Ltd. is collaborating with NREL to analyze its AetherLux™ Pro heat pump with ZeroFrost™ technology, targeting the multi-billion-dollar heat pump market [1][3] - The AetherLux Pro heat pump is designed to operate efficiently in extreme cold, addressing a significant challenge in cold-climate heating [2][5] - The global heat pump market is projected to exceed $135 billion by 2030, with government incentives promoting adoption [5] Company Developments - The collaboration with NREL will assess energy savings for Alaskan households and establish a roadmap for field demonstrations [3][5] - Initial laboratory results indicate superior performance of the AetherLux Pro heat pump, which could redefine heating solutions in cold climates [5][6] - Worksport's clean-tech portfolio includes the SOLIS Solar Tonneau Cover and COR Portable Energy System, both set for market launch in 2025 [6] Market Potential - The ZeroFrost technology aims to reduce energy costs and improve reliability for households, potentially opening new revenue streams and licensing opportunities for Worksport [5][6] - The project will analyze deployment challenges and advantages of the heat pump technology in Alaskan conditions [7]

B2B Revenue Grows at 25% Monthly Geometric Rate; Dealer Adoption Accelerates Ahead of HD3 and Clean-Tech Launches West Seneca, New York, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Worksport Ltd. (NASDAQ: WKSP) (“Worksport” or the “Company”), a U.S.-based innovator in advanced manufacturing and distributed clean energy technologies, serving both consumer and industrial markets, today issued an update on its business-to-business (B2B) expansion, announcing record dealer adoption and rapid compounding revenue growth. ...

Core Insights - Worksport Ltd. is experiencing strong revenue growth, with Q3 2025 on track to be a record quarter, gross margins exceeding 30%, and an 83% sequential revenue increase from Q2 2025, indicating a path toward profitability [2][3]. Group 1: Financial Performance - The company is projecting $2-3 million in potential revenue from the upcoming SOLIS and COR product launches in 2025, with expectations for 2026 to see eight-figure growth potential as sales expand across both B2C and B2B channels [4]. - Worksport's gross margins are expected to climb further as production scales, contributing to the overall financial health of the company [2]. Group 2: Product Launches - The SOLIS Solar Tonneau Cover and COR Portable Energy System are scheduled for commercial launch in late Q4 2025, aligning with holiday sales, with initial shipments aimed at fulfilling existing pre-orders [3]. - The company is building a foundation for long-term leadership in clean energy and automotive innovation through these product launches [3]. Group 3: Strategic Initiatives - Worksport is exploring strategic distribution facility expansions in the Southeast and West Coast of the U.S. to support its rapidly expanding B2C business, which is expected to enhance customer experience and drive efficiencies [5]. - Ongoing discussions with multi-billion-dollar corporations and government officials are taking place, alongside third-party validation programs to prove the performance superiority of the heat pump system [9]. Group 4: Technological Advancements - The Terravis Energy subsidiary is advancing its AetherLux ZeroFrost Heat Pump program, with potential licensing opportunities being considered to broaden the technological and commercial reach of ZeroFrost technology [6]. - Demonstrations of the COR and SOLIS products have shown their reliability and efficiency, with SOLIS generating more power than consumed, indicating its potential as a clean energy solution [8].

Core Insights - Worksport Ltd. has reported a significant increase in revenue and gross margins in Q2 2025, indicating a successful turnaround strategy and positioning for sustainable profitability [1][2][3] Financial Performance - The company achieved unaudited revenue of $4.1 million in Q2 2025, an 83% increase from Q1 2025 revenue of $2.24 million [2] - Gross margins improved by 47%, rising from 17.7% in Q1 to 26.0% in Q2, with expectations to exceed 30% by year-end [3] Strategic Developments - The management's strategic pivot towards a strong Made in America brand has been validated by the recent financial results, moving away from lower-margin private label production [2] - The upcoming launch of the SOLIS Solar Tonneau Cover and COR Portable Energy System is anticipated to unlock additional revenue streams, targeting high-margin markets [5][6] Product Innovations - The SOLIS cover has successfully produced over 500W of solar power, while the COR system has demonstrated Level 1 EV charging capabilities, including compatibility with Tesla vehicles [6] - Both products are currently in beta testing and are scheduled for commercial launch in late 2025 [5] Future Outlook - The company is on track to achieve $20 million in full-year revenue, with a clear path to cash flow positivity [7] - A full Q2 2025 financial report and earnings call are scheduled for mid-August, which will provide further insights into the company's performance and future strategies [7]

Core Insights - Worksport Ltd. has initiated a commercial-use pilot project with a leading U.S. construction firm that operates a fleet of over 1,000 trucks, focusing on the evaluation of Worksport's SOLIS solar tonneau cover and COR portable energy system [1][4] - The collaboration is expected to provide valuable insights into the performance and reliability of Worksport's clean-tech solutions in real-world construction environments, potentially leading to broader adoption across large commercial fleets [4][7] Company Overview - Worksport Ltd. specializes in hybrid and clean energy solutions for light trucks and consumer goods, with a focus on solar integrations and portable power systems [6] - The company has an active partnership with Hyundai for the SOLIS Solar cover and is gaining traction with newer truck makers, including those in the electric vehicle sector [6] Strategic Outlook - The pilot project serves as a structured roadmap for large-scale fleet adoption and provides a real-world use case for Worksport's products, which may lead to future commercial opportunities [4][5] - The construction firm involved has a strong track record with institutional and government clients, including the U.S. Army Corps of Engineers and the Department of Homeland Security, which could enhance Worksport's exposure to additional clients [4] Pilot Project Details - The initial phase of the pilot involves the construction firm receiving two sets of the SOLIS and COR systems to validate their performance and practical benefits [7] - Worksport anticipates a strategic feedback loop with the customer's innovation department to gather performance data and potentially create marketing content [7]

Core Insights - Worksport Ltd. has achieved ISO 9001:2015 certification for its U.S. production facility, enhancing its manufacturing credentials and opening new opportunities with major auto OEMs and distributors [1][2][5] Strategic Impact & Path Forward - The certification is viewed as a catalyst for Worksport's expansion in both domestic and international supply chains, allowing the company to pursue collaborations with top-tier OEMs and national retailers [2][7] - The company aims to explore OEM integrations for its tonneau covers and solar-enabled SOLIS system, positioning itself for growth within the multi-billion-dollar global auto manufacturing ecosystem [3][4] Innovation Pipeline - Worksport's innovative products, including the SOLIS Solar Tonneau Cover and the COR Portable Energy System, are expected to begin shipping later this year, with anticipated high-margin revenue growth and expanded market reach beyond traditional automotive accessories [4][6] Certification Details - The ISO certification was issued by Bureau Veritas Certification Holding SAS – UK Branch, following a rigorous audit, and is valid from April 2025 to April 2028, contingent upon continued compliance [5] Market Opportunities - The certification is expected to unlock supply opportunities with major automotive brands such as Toyota, GM, Ford, and Honda, while strengthening Worksport's reputation for premium, American-made products [7]

Core Viewpoint - Worksport Ltd. has formed a strategic partnership with Patriot Automotive Technologies to enhance its business-to-business (B2B) distribution network, aiming for significant growth in annual recurring revenue through the sale of its tonneau covers across Patriot's extensive dealer network of over 200 locations in the U.S. [1][2][11] Strategic Partnership Highlights - The partnership will enable Patriot to distribute Worksport's innovative tonneau covers, including the popular AL4 premium cover, marking a significant step in Worksport's B2B growth strategy [2][11] - This collaboration is projected to evolve into a multi-million dollar annually recurring revenue source within 2025, providing Worksport with stable cash flows and enhancing Patriot's portfolio of aftermarket products [11] Continued Growth and Future Partnerships - The partnership with Patriot Automotive Technologies is part of Worksport's strategy to aggressively grow its U.S.-based distribution channels, reinforcing its position as a premier supplier of U.S.-made automotive accessories [6][11] - Worksport is actively seeking additional strategic partnerships and distribution channels to leverage its commitment to quality and innovation [6] Looking Ahead - Worksport anticipates providing updates on further partnerships and key business developments, including the launch of its clean-tech products, such as the SOLIS Solar Tonneau Cover and the COR Portable Energy System [8]