Worksport Opens State-of-the-Art R&D Facility in Springfield, Missouri, Paving the Way for Market Innovations
03 July 2023 - 10:00PM
Worksport Ltd. (Nasdaq: WKSP; WKSPW) ("Worksport" or the "Company")
is excited to announce the opening of its cutting-edge automotive
product R&D Center in Springfield, MO. This strategic location,
nestled in the heartland of the U.S., is known for its vibrant
truck culture, positioning the Company at the center of its target
demographic.
The R&D Center will be staffed initially by
seasoned Worksport engineers, bringing an impressive arsenal of
over 70 patents across the automotive, consumer products,
manufacturing, and agricultural sectors. With nearly a century of
combined experience, this team embodies a depth of knowledge and
proficiency that would be difficult to duplicate elsewhere.
"Our Missouri R&D facility, surrounded by a
truck-loving community, was meticulously planned to provide an
efficient and focused environment dedicated to the progression of
Worksport's products and Intellectual Property," said Worksport CEO
Steven Rossi. "Retaining our proprietary IP has always given us a
competitive edge, and this new facility is designed to uphold and
extend that advantage."
As Worksport's wholly owned 220,000 sq. ft.
manufacturing facility in West Seneca, N.Y. is preparing for the
start of production, the decision to house the product development
team in a separate facility represents a strategic move towards a
more intensive R&D focus, unencumbered by daily manufacturing
operations.
"We believe that smaller, on-site teams will
foster better collaboration and absolute concentration on novel
products," Rossi explained. "Our Missouri R&D team is set to
generate and incubate new ideas, build and test prototypes,
evaluate innovative materials and processes to cut costs, and
continuously refine our existing product line."
The advent of this new R&D facility is
expected to expedite the introduction of new products in line with
the Company's ambitious expansion plan. As the market evolves, the
R&D team will be at the forefront, capturing crucial truck bed
data and crafting bespoke tonneau cover assemblies to match new
truck models.
"We believe that the establishment of our U.S.
R&D Center will propel us towards market leadership, keeping us
ahead of the competition and reinforcing our commitment to
innovation and growth," added Rossi.
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 investors.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
investors.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 8789
E: investors@worksport.com
W: www.worksport.com
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