West Seneca, New York, Feb. 21, 2024 (GLOBE NEWSWIRE) — Worksport Ltd. (Nasdaq: WKSP;) (“Worksport” or the “Company”) announces that it has commenced the initial planning phases for the development of a model of its innovative SOLIS solar cover for the Ford F-150 Lightning. This pioneering product signifies a significant step forward in sustainable automotive solutions, providing F-150 Lightning owners with the ability to harness solar energy for off-grid use. Once a SOLIS model is developed and optimized for the Ford F150 Lighting, Worksport’s engineering team intends to begin exploring the feasibility and possibility of integrating the SOLIS Solar Tonneau Cover with the vehicle’s charging system.
Understanding the unique challenges posed by the Ford F-150 Lightning’s size, weight, and limited bed area, Worksport is committed to conducting comprehensive tests to accurately measure the maximum additional mileage the SOLIS can offer, if integrated directly as a passive charging option. While the F-150 Lightning’s specifications may impact the total miles gained, Worksport’s preliminary estimates suggest the SOLIS solar cover can contribute meaningfully to the vehicle’s range, underscoring the Company’s dedication to maximizing power efficiency for its customers. Previous calculations conducted by Worksport’s engineering team have shown than the Solis Solar Tonneau Cover can potentially increase range by up to 10 miles in certain circumstances.
In addition to the SOLIS solar cover, Worksport plans to offer the SOLIS and COR battery bundle for the F-150 Lightning, offering a complete solution for clean, off-grid energy utilization. This innovative pairing is expected to allow for the utilization of solar power without depleting the vehicle’s onboard power reserves, marking a significant advancement in sustainable automotive technology.
The COR Battery, a crucial component of this bundle, is currently undergoing rigorous testing and is on track to proceed to the manufacturing stage for its Alpha Launch. This stage will involve real consumer testing, further demonstrating Worksport’s dedication to product excellence and reliability. While preparations for the SOLIS solar cover are nearing completion, its launch is planned to strategically align with the finalization of the COR Battery to ensure a seamless introduction to the market. In the meantime, parts for the SOLIS are being sourced from suppliers, laying the groundwork for mass production and availability.
“Worksport is at the forefront of integrating solar technology with automotive accessories, and the SOLIS solar cover for the Ford F-150 Lightning is a testament to our innovative spirit and dedication to sustainability,” said Steven Rossi, CEO of Worksport. “By offering the SOLIS and COR bundle, we believe that we are not only providing a means to enhance electric vehicle range through renewable energy, but also empowering F-150 Lightning owners to embrace clean, off-grid energy solutions. We look forward to sharing the results of our tests and bringing this transformative product to the market.”
Stay tuned for future updates on the SOLIS solar cover and COR Battery, as Worksport continues to redefine the possibilities of automotive accessories and sustainable energy solutions.
For further information, please visit Worksport’s official website for investors at investors.worksport.com.
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 currently maintains an active partnership with Hyundai for the SOLIS Solar cover. Additionally, Worksport’s hard-folding cover, designed and manufactured in-house, is compatible with RAM, Chevrolet, and GMC models from General Motors, as well as Ford, Jeep, Nissan, and Toyota pickup trucks. 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.
Connect with Worksport
Please follow the Company’s social media accounts on X (previously Twitter), Facebook, LinkedIn, YouTube, and Instagram (collectively, the “Accounts”), the links of which are links to external third party websites, as well as sign up for the Company’s newsletters at investors.worksport.com. The Company does not endorse, ensure the accuracy of, or accept any responsibility for any content on these third party websites other than content published by the Company.
Worksport strives to provide frequent updates of its operations to its community of investors, clients, and customers to maintain the highest level of visibility.
Investors and others should note that the Company announces material financial information to our investors using our investor relations website, press releases, Securities and Exchange Commission (“SEC”) filings, and public conference calls and webcasts. The Company also uses the Accounts to announce Company news and other information. The information shared on the Accounts could be deemed to be material information. As a result, the Company encourages investors, the media, and others to review the information the Company publishes on the Accounts.
For additional information, please contact: Steven Obadiah, Investor Relations, Worksport Ltd.
T: 1 (888) 554 8789 E: [email protected] W:www.worksport.com
Forward-Looking Statements
The information contained herein may contain “forward‐looking statements.” Forward‐looking statements reflect the current view about future events. When used in this press release, the words “anticipate,” “believe,” “estimate,” “expect,” “future,” “intend,” “plan,” “project,” “should,” or the negative of these terms and similar expressions, as they relate to us or our management, identify forward‐looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: (i) supply chain disruptions; (ii) consumer acceptance of our products ; (iii) delays or refusals by third parties to sell our products; and (iv) competition from other manufacturers of similar products. Consequently, due to these factors, changes in circumstances, unrealized assumptions, or other occurrences, the Company’s actual results may differ significantly from the expected outcomes discussed in the forward-looking statements presented in this press release. More detailed information about the Company and the risk factors that may impact the realization of forward-looking statements is set forth in the Company’s filings with the SEC, including, but limited to, our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at www.sec.gov. The forward-looking statements made in this press release are made only as of the date of this press release, and the Company undertakes no obligation to update them to reflect subsequent events or circumstances.
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