Worksport and Hyundai America Technical Center, Inc., enter into a formal agreement to Produce Working Models of its SOLIS and COR for an Upcoming Hyundai Vehicle
12 April 2022 - 11:30PM
on February 22, 2022, Worksport Ltd.
(Nasdaq:
WKSP) (the “Company” or “Worksport”) and Hyundai America
Technical Center, Inc. (“HATCI”) executed a letter of understanding
in which both parties agreed that Worksport would produce
prototypes of the Worksport SOLIS and a modified version of the COR
energy storage system based on the Hyundai Santa Cruz’s bed
geometry (the “Project”).
HATCI, a division of Hyundai Motor Company, has
provided to Worksport 3D Data specifically for the Project. The two
companies intend to explore the benefit of each other’s products
working in tandem in order to determine the viability of a future
partnership.
Syed Akbari – Project / Program
Manager of Vehicle Planning and Analytics for HATCI – commented,
“Thank you for your support. We are very excited to
collaborate with Worksport on a solar tonneau cover project.”
Steven Rossi, Worksport’s Chief Executive
Officer, stated, “Our Company is looking forward to taking this
step with Hyundai,” and, “Worksport is confident that Hyundai will
be pleased with the working SOLIS and COR systems upon
completion.”
A tentative timeline was also agreed upon for
the Project whereby the working SOLIS and COR models for Hyundai’s
yet to be announced vehicle would be ready for presentation to
Hyundai’s head office by October of 2022.
About Worksport Ltd.
Worksport Ltd. (Nasdaq: WKSP), through its
subsidiaries, designs, develops, manufactures, and owns the IP 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
Ltd. 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. For more information,
please visit www.worksport.com, www.investworksport.com and
www.goterravis.com.
About Terravis Energy, Inc.
Terravis Energy, Inc. designs, develops, and
manufactures clean, green energy solutions that power lifestyle
markets, with each segment of the company feeding into the
derivation of the brand itself – Latin for “Earth” and “Force”. The
company foresees the future of the electric vehicle markets and
sustainable energy markets through multiple lenses. Its
Non-Parasitic Electric Vehicle (NPEVTM) fast charging platform
which combines ultra efficient hydrogen fuel cells with solar to
create completely carbon-free charge points that can re-energize
Battery Electric Vehicles. Its Terravis Nanogrid™ which is designed
to power houses and is modular where excess power can be directed
toward utilities such as crypto mining. Its Terravis Microgrid™
system, composed of a number of Terravis Nanogrid™ systems, can
power data centres and entire communities. Its Terravis Wall-e™
platform is a standalone power backup system for homes in cases of
power failures, as well as a “power guardian” that can be used in
conjunction with the Terravis Nanogrid™.
For more information, please visit www.terravisenergy.com.
Connect with Worksport:
Please follow the company’s social media
accounts on Twitter, Facebook, Linkedin, and Instagram, as well as
sign up for the company’s newsletters at www.worksport.com,
www.terravisenergy.com or www.investworksport.com. Worksport Ltd.
strives to provide frequent updates of its operations to its
community of investors, clients, and customers to maintain the
highest level of visibility.
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For additional information, please
contact:Steven ObadiahBusiness
Development ManagerWorksport Ltd.T: 1-(888)
506-2013E: investors@worksport.comW:
www.investworksport.com
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