Worksport Ltd
(Nasdaq:
WKSP) (the “Company”) subsidiary Terravis Energy,
foreseeing the future of the sustainable energy markets, has
accepted an offer from the Indigenous Critical Infrastructure Fund
(ICIF) to be its exclusive clean energy partner for sustainable
energy infrastructure across all Indigenous lands.
After visiting Worksport’s manufacturing
facilities and learning more about the Company, Chief Keith
Matthew, ICIF Chairman of the Board, had a first-hand opportunity
to provide insights to leadership on historic obstacles, present
expectations, and future aspirations of Indigenous peoples. Chief
Matthew explained how Canada has embraced the global mandate:
United Nations Declaration on the Rights of Indigenous Peoples Act
(UNDRIP) and, in turn, has adopted recommendations from the Truth
and Reconciliation Commission, a framework for economic restoration
for Indigenous peoples. To address the resultant considerable
challenges for Indigenous peoples, Chief Matthew and several
consequential Indigenous leaders launched the ICIF, whose mission,
vision, and value is to encourage and enable economic
reconciliation through Indigenous-led investments. With a minimum
initial bank of $100 Million, the ICIF seeks to undertake
investments in key areas in Canada, where benefit will be realized
for and in all Indigenous lands and territories.
“Our Board has been looking for ways to augment
and enhance our relationships with Canadian infrastructure
companies on projects where we anticipate growth and benefit for
Indigenous peoples. We were very impressed with the clean energy
innovations being realized by Worksport and Terravis Energy and are
extremely excited for this partnership. It is a perfect way for our
Fund to begin bringing immense benefit to Indigenous communities,
initially around Cochrane, ON. We look forward to working with
their teams and expand with them as we grow,” states Chief Keith
Matthew, ICIF Chairman of the Board.
Chief Matthew also holds an influential role on
the Western Indigenous Pipeline Group (WIPG) and First Nations
Energy, wherein he has learned of the needs and desires of his
fellow Indigenous peoples, including full-scale implementation of
reliable and clean energy infrastructure for local healthcare hubs,
vertical farming, cryptocurrency mining farms, and other
infrastructure projects.
“We welcome these opportunities to showcase our
expertise and capabilities in providing the critical clean energy
infrastructure with necessary scalability to power such meaningful
hubs of collaboration for economic empowerment of Indigenous
peoples,” states Lorenzo H. Rossi, CEO of Terravis Energy.
Terravis Microgrid™ systems from Worksport
subsidiary Terravis Energy will initially provide 50-60MW of power
for the first project in Cochrane and will be scalable to support
necessary increased power requirements. Company management
estimates the Terravis Microgrid™ systems to be long-term,
long-standing investments by local partners, project developers,
and the ICIF, with each party working together to set standards in
sustainable energy.
“We are keen to undertake these massive programs
with Chief Matthew and Indigenous peoples. Our teams at Worksport
and Terravis Energy have decades of expertise in renewable energy
systems, hydrogen fuel cell technology, and high power energy
storage systems. The gravity and potential of these particular
types of projects will, without a doubt, position Canada and its
Indigenous peoples as first beneficiaries of communities-wide,
scalable, sustainable energy infrastructure and smart grid
development, made possible by our powerhouse subsidiary Terravis
Energy,” states Steven Rossi, CEO of Worksport.
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.terravisenergy.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 (NPEV™) 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 Energy Nanogrid which is designed
to power houses and is modular where excess power can be directed
toward utilities such as crypto mining. Its Terravis Energy
Microgrid system, composed of a number of Terravis Energy Nanogrid
systems, can power data centres and entire communities.
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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