Worksport LTD Launches New Soft Folding Tonneau Cover, SC4 PRO, Expanding Product Line and Revenue Opportunities
01 June 2023 - 10:10PM
Worksport Ltd. (Nasdaq: WKSP; WKSPW) (the “Company or “Worksport”),
a provider of innovative truck bed cover solutions, proudly
announces the official launch of its latest product, the SC4 PRO
soft folding tonneau cover. This cutting-edge addition to
Worksport's product portfolio marks a significant milestone in the
Company's commitment to truck bed innovations and sustainable
revenue growth.
The SC4 PRO soft folding tonneau cover is
designed to provide truck owners with enhanced functionality,
durability, and security. With its innovative features and sleek
design, this product is built to meet the needs of truck owners
seeking convenience and protection for their cargo. Worksport has
strategically positioned the SC4 PRO for sale through multiple
distribution channels, including Amazon, Walmart, and the Company's
E-commerce platform. This broad availability helps ensure
widespread access for customers across North America. The SC4 PRO
is an upgrade to the Company’s current SC4 cover, allowing
customers to more easily open and close the cover and providing
high-end features at an affordable price point. The SC4 cover
will continue to be available for customers as well.
"We are thrilled to introduce the SC4 PRO soft
folding tonneau cover to the market," said Steven Rossi, CEO of
Worksport. "This launch demonstrates our ongoing commitment to
delivering innovative solutions that address the evolving needs of
truck owners. The SC4 PRO combines functionality, durability, and
style, offering a superior user experience. Our distribution
partnerships with major retailers will enable us to reach a wide
customer base, expanding our market presence and driving
sustainable revenue growth."
In conjunction with the SC4 PRO product launch,
Worksport is making significant progress toward building
hard-folding tonneau covers at its new state-of-the-art
manufacturing facility just outside Buffalo, New York. This
facility underscores Worksport's dedication to investing in
cutting-edge infrastructure, optimizing production capabilities,
and meeting the growing demand for its groundbreaking products. The
Company remains steadfast in its long-term goals of delivering
sustainable revenue growth and revolutionizing truck bed
innovations, exemplified by its innovative solar tonneau cover,
branded as SOLIS.
Worksport remains committed to transparency and
shareholder engagement. As developments unfold, the Company will
continue to update investors on key milestones, breakthroughs, and
advancements in its pursuit of industry leadership.
For further information, please visit
Worksport's official website for investors at
investors.worksport.com.
About Worksport Ltd.
Worksport Ltd. (Nasdaq: WKSP; WKSPW),
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
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.
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For additional information, please
contact:
Steven Obadiah
Investor Relations
Worksport Ltd.
T: 1 (888) 554
8789E: investors@worksport.comW: www.worksport.com
Forward-Looking
Statements
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"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,"
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identify forward‐looking statements. Forward-looking statements are
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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: supply chain delays,
acceptance of our products by consumers, delays in or nonacceptance
by third parties to sell our products, competition from other
producers of similar products. More detailed information about
the Company and the risk factors that may affect the realization of
forward-looking statements is set forth in the Company’s filings
with the Securities and Exchange Commission (SEC),
including our Annual Report on Form 10-K and our subsequent
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. As a result of these matters, changes in
facts, assumptions not being realized or other circumstances, the
Company's actual results may differ materially from the expected
results discussed in the forward-looking statements contained in
this press release. 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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