Worksport announces strong Solis & COR Pre-order Sales
18 August 2022 - 11:00PM
Worksport Ltd.
(Nasdaq: WKSP) (the “Company” or
“Worksport”) and its subsidiaries, announce that the Company
expects between US$350,000-$450,000 in unrealized revenue for
pre-orders of SOLIS, the Company’s proprietary solar truck bed
tonneau cover, and COR, its portable energy storage system. Given
the limited marketing efforts, the pre-sale has exceeded
expectations and management believes the data collected is very
promising. The Company, following the official launch of the
Worksport eCommerce website, will prepare its dedicated product
marketing campaigns with pre-sales of SOLIS and COR expected to be
more robust.
Worksport is inventing a new category for mobile
power generation and off-grid energy storage,” said Worksport CEO
Steven Rossi. “SOLIS and COR are new, out of the box ideas, that we
believe will disrupt the EV and ESS industries. Current pre-sales
have helped us understand who will be buying SOLIS and COR. We now
know our customer much better, which has been necessary to build
marketing campaigns for these two products that could have the
potential to change lifestyles.”
“Having a truck is more of a lifestyle choice,”
added Rossi. “It could be used for everyday driving, off-roading,
camping, and home or business projects. Owners want off-grid
portable and renewable green energy – and view the SOLIS and COR
system as reflecting their own commitment to the future of the
environment.”
“The SOLIS and COR pre-sale efforts are
necessary to determine how many units would be needed for initial
manufacturing, which is expected to begin in Q4 2022 at Worksport’s
West Seneca, NY facility. Investors and shareholders will be
interested to know that as SOLIS and COR approach full scale
production, we are planning marketing campaigns aimed at securing
as many pre-orders as possible before the end of 2022,” Rossi said.
“The market for SOLIS and COR doesn’t fit into a neat and
pre-existing niche – we are pioneering a new and very large market,
and now we know much better what it is and who is in it. That
should make Worksport’s production and marketing that much more
smooth and more targeted as a result. It was time and investment
well spent. Worksport is eager to get these very exciting
breakthrough products in the hands of customers which have
demonstrated how excited they are by pre-ordering months in
advance. This is an important milestone for the Company, and we
look forward to delivering our products to the larger markets as
USA manufacturing comes fully online. Our team is hard at work to
build capacity to meet the higher-than-expected demand based on
these preliminary results.”
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.worksportltd.com.
Connect with
Worksport:
Please follow the company’s social media
accounts on Twitter, Facebook, Linkedin, YouTube, and Instagram, as
well as sign up for the company’s newsletters at www.worksport.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.
LinkedIn
Facebook
Twitter
Instagram
YouTube
For additional information, please
contact:Steven ObadiahInvestor
RelationsWorksport Ltd.T: 1-(888)
506-2013E: investors@worksport.comW:
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," or the negative of these terms and
similar expressions, as they relate to us or our management,
identify forward‐looking statements. Such statements include, but
are not limited to, statements contained in this press release
relating to the view of management of the Company concerning its
business strategy, an up listing to a national exchange, future
operating results and liquidity and capital resources outlook.
Forward‐looking statements are based on the Company's current
expectations and assumptions regarding its business, 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.
The Company's actual results may differ materially from those
contemplated by the forward‐looking statements. They are neither
statements of historical fact nor guarantees of assurance of future
performance. We caution you therefore against relying on any of
these forward‐looking statements. Factors or events that could
cause the Company's actual results to differ may emerge from time
to time, and it is not possible for the Company to predict all of
them. The Company cannot guarantee future results, levels of
activity, performance, or achievements. Except as required by
applicable law, including the securities laws of the United States,
the Company does not intend to update any of the forward‐looking
statements to conform these statements to actual results. No Stock
Exchange or Regulation Services Provider accepts responsibility for
the adequacy or accuracy of this release.
Worksport (NASDAQ:WKSPW)
Historical Stock Chart
From Sep 2024 to Oct 2024
Worksport (NASDAQ:WKSPW)
Historical Stock Chart
From Oct 2023 to Oct 2024