Worksport Ltd. Announces Second Soft Cover Factory and Increases Production in Buffalo, New York
West Seneca, New York, Jan. 11, 2024 (GLOBE NEWSWIRE) — Worksport Ltd. (Nasdaq: WKSP; WKSPW) (“Worksport” or the “Company”) is announcing today plans to expand soft folding tonneau cover production to a second overseas factory. With its current overseas factory already at fully capacity. This is in anticipation of expected additional demand as Worksport begins to ramp up sales efforts within the USA and Canada.
In line with this growth, the Company is also ramping up production capacity for its hard folding tonneau covers at its state-of-the-art facility in Buffalo, New York. This increase in manufacturing capacity is to meet the market demand for its products.
“We are excited to expand our manufacturing capabilities globally,” said Steven Rossi, CEO of Worksport. “The new overseas factory is expected to leverage our existing expertise in producing high-quality soft folding covers, ensuring we meet the strong demand swiftly and efficiently.”
Worksport’s commitment to innovation and quality is evident in its recent developments. The SOLIS Solar Cover and the COR Battery System are fully under development, and management expects that they will set a new standard in the automotive aftermarket by combining eco-friendliness with practicality. These products not only may offer additional mileage for EV pickups but also embody Worksport’s dedication to sustainable and renewable energy solutions. Moreover, the COR Battery System can be utilized independently of a pickup truck. Management anticipates sharing exciting updates on both SOLIS and COR Systems soon.
“We believe in constant innovation and adapting to our customer’s needs,” added Steven Rossi. “Our expansion in China and the production boost in our Buffalo facility are just the beginning. We are eager to redefine the truck accessory market while contributing to a greener future.”
Production at a second factory overseas is a testament to Worksport’s global vision and operational excellence. With this expansion, Worksport is not only addressing the immediate market needs but also solidifying its position in the automotive aftermarket and green tech industry.
About Worksport
Worksport Ltd. (Nasdaq: WKSP; WKSPW), through its subsidiaries, designs, develops, manufactures, and owns the intellectual property on a variety of tonneau covers, solar integrations, and NP (Non-Parasitic), Hydrogen-based true green energy solutions for the sustainable, clean energy, and automotive industries. Worksport seeks to capitalize on the growing shift of consumer mindsets towards clean energy integrations with its proprietary solar solutions, mobile energy storage systems (ESS), and NP (Non-Parasitic), Hydrogen-based technology. Terravis Energy’s website is terravisenergy.com. For more information, please visit investors.worksport.com.
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For additional information, please contact: Steven Obadiah, Investor Relations,Worksport Ltd.T: 1 (888) 554 8789 E: investors@worksport.com W: www.worksport.com
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