THE FUTURE OF RENEWABLE ENERGY
POWER YOUR LIFE OFF-GRID, USING THE SUN
As the demand for off-grid power solutions soars, Worksport’s innovative Solar Truckbed provides a groundbreaking opportunity. With the global microgrid market projected to grow at over 20.5% CAGR from 2024 to 2032 and the off-grid solar market expected to reach $4.54 billion by 2032, our Solar Truckbed, combined with the COR portable battery, offers unparalleled off-grid power for any adventure.
Symbol on Nasdaq
WKSP
Number Of Shareholders
17,000+
MOST FREQUENTLY ASKED QUESTION
FEATURED IN
ABOUT WORKSPORT
Worksport Ltd. was founded in 2011, starting as a producer of tonneau covers for pickup trucks in the United States and Canada. Worksport has been developing not only innovative tonneau covers but also a hybrid energy system branded as SOLIS and COR-which unite as a comprehensive system for portable solar power generation capable of forming personal microgrids for pickup trucks. Developing this technology is a large step in the Company’s strategy to increase its market share through innovation in the automotive and clean tech sectors.
CEO, Steven Rossi Interview at Nasdaq Marketsite
WHY WORKSPORT?
Key Strategic Partners & Patents Give Us An Unfair Advantage
Our partnership with Infineon will utilize their GaN power semiconductors to enhance efficiency and power density in the COR system's converters, ensuring the highest quality and power-dense performance in the market.
Our agreement with Hyundai grants unique insights and knowledge for developing future generations of the SOLIS Solar truck bed and COR battery system tailored to EV technology and includes options for future sales agreements.
FIRST TO MARKET ADVANTAGE
PATENTED TECHNOLOGY
UNITED STATES BASED FACTORY
WINNER OF THE BEST INNOVATIONS AWARD
OFF-GRID POWER PROVIDED BY THE SUN
RENEWABLE ENERGY
MEETS AUTOMOTIVE
Welcome to Worksport™. We are hard at work developing the future of truck accessories. Worksport™ wants to off-grid your truck life; work and sport. Our platform has the opportunity to redefine the category.
POWER. UNPLUGGED.
PORTABLE POWER ON DEMAND, WHEN AND WHERE YOU NEED IT.
SOLIS and COR is a mobile panel and solar generator system. The integrated solar panels in the rugged tonneau cover collect the suns rays and store it in the high capacity battery bank. Use it to power your life or extend your electric vehicle range wherever you are. The COR battery doesn't require a pickup truck.
OFF-GRID CLEAN ENERGY
WITH TOUGH RELIABILITY
The Worksport SOLIS solar-charging truck bed cover is the first of its kind, pairing ground-breaking, clean technology with the hard-working and precision-engineered toughness you expect from your tonneau cover.
CHARGES IN JUST 2,5 HOURS
WITH AND WITHOUT SUN
PROTECT YOUR TRUCK BED WHILE HELPING ELIMINATE CO2
PROUDLY ASSEMBLED IN THE USA MANUFACUTURING FACILITY
COVERS TO FIT MOST MAJOR MAKES AND MODELS OF TRUCKS
THE TRUCK BED POWER SYSTEM
Worksport’s truck bed power system kit will come with COR (which includes one hub inverter and one battery), SOLIS Folding Solar Tonneau Cover, rail mounting system, MPPT (solar charge controller), and all cables necessary.
CAMPING, WORK, SPORTS OR DISASTER RELIEF
OFF-GRID POWER, ANY WHERE, ANY TIME
EV Pickups of the future will drive on Solar Power and normal Pickups turn into off-grid driving power stations. For camping, work, sports or emergencies, Worksport powers your life off-grid.
“A single truck can already gain 2050 miles per year in added range – That’s the equivalent of 5.4 trips between L.A. and San Francisco. This is just the beginning.”
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29
JAN
2021
WORKSPORT CELEBRATES ITS UP LISTING WITH NASDAQ
Worksport raised $30 million on its Nasdaq listing to start building the SOLIS Solar tonneau cover and to take steps towards moving production to the USA.
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18
MAY
2022
ACQUIRED 220,000 SQF MANUFACUTURING FACILITY NEAR BUFFALO, NEW YORK
Start of building the manufacturing facility to manufacture the line-ups of products including the SOLIS Solar tonneau cover.
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01
AUG
2023
DESIGN & LAUNCH MADE IN USA PRODUCTS
Worksport's factory has begun producing "Proudly Made in America" products, starting with its innovative hard-folding covers, which have been received with great enthusiasm in the market and are driving current sales growth.
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01
APR
2024
IN PROGRESS: RAMP UP PRODUCTION AND REVENUE GROWTH
Worksport is ramping up production and revenue growth with the support of its internal and external marketing teams. The company is aiming for significant expansion. 1500% year-over-year growth in Q1 2024 as a great start of the year.
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SEP
2024
COMING NEXT: ANTICIPATED LAUNCH OF SOLIS SOLAR TONNEAU COVER AND COR BATTERY SYSTEM
Worksport is working hard to launch the SOLIS Solar Tonneau Cover and the COR Battery System this summer, aiming to accelerate revenue growth as never before in the company's history.
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01
JAN
2025
COMING NEXT: ACCELERATE GROWTH BY SCALING INNOVATION AND SALES EXPANSION
Scaling innovation and sales through OEM partnerships, B2C, and B2B sales, Worksport is poised for significant market impact.
THE ROADMAP TO POWER LIVES OFF-GRID
Worksport is on a mission to power people's lives off-grid. After successfully moving production to the USA, Worksport is now focused on the SOLIS Solar Cover and the COR Battery System, which are anticipated to offer massive growth opportunities and are protected by several patents.
MOST FREQUENTLY ASKED QUESTION
"We are driving the future of off-grid power solutions in the rapidly growing renewable energy market, projected to exceed $100 billion by 2032."
STEVEN ROSSI - CEO Worksport LTD
MARKET
THE ENERGY & PICKUP TRUCK MARKETS CAN REACH OVER $305B BY 2031
MOST FREQUENTLY ASKED QUESTION
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GOVERNMENT POLICIES DRIVING MASSIVE RENEWABLE ENERGY GROWTH BY 2030
The renewable energy market is experiencing significant growth, driven by various factors including government policies, technological advancements, and increasing environmental concerns. The global renewable energy market size was estimated at USD 1.21 trillion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 17.2% from 2024 to 2030, reaching approximately USD 3.60 trillion by 2030.
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GLOBAL PICKUP TRUCK MARKET EXPERIENCING SIGNIFICANT GROWTH
Increasing consumer preference for versatile and durable vehicles capable of handling both personal and professional tasks is a primary driver. Additionally, advancements in technology, such as enhanced fuel efficiency and electric vehicle options, are making pickup trucks more appealing. Economic growth, especially in emerging markets, is also contributing to higher sales. Furthermore, government incentives for electric and hybrid models are boosting demand, as are lifestyle trends favoring outdoor and recreational activities that benefit from the utility of pickup trucks.
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GROWING NEW ENERGY MARKET FOR GLOBAL PORTABLE POWER STATIONS
Biggest market for portable power stations is North America, and highest CAGRs are expected to be for lithium-ion batteries used for off-grid power.*
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TECHNOLOGICAL INNOVATIONS AND MARKET DEMAND FUEL SOLAR ENERGY
Financial incentives and supportive policies from governments worldwide accelerate the adoption of solar power, making it a more attractive and viable energy solution. Increasing global awareness of climate change, rising costs of traditional power sources, and growing concerns about environmental impacts are prompting both consumers and governments to invest in renewable energy sources.
OUR BUSINESS MODEL
1
OEM PARTNERSHIPS
Worksport partners with EV pickup truck manufacturers to custom-fit the SOLIS solar cover, offering it as an accessory on every EV truck sold. Currently partnered with Hyundai and in talks with other major manufacturers, Worksport aims to enhance EV functionality and appeal with innovative solar solutions, providing off-grid power and extending driving range by connecting directly to the vehicle.
2
BUSINESS TO CONSUMER
Worksport’s business-to-consumer model involves selling directly to consumers through our eCommerce platform, as well as major retailers like Amazon, eBay, and Walmart. This approach allows us to offer our hard-folding and soft-folding tonneau covers, along with the SOLIS and COR systems, at the best margins possible. Utilizing our external and internal marketing teams, we ensure wide reach and engagement with our made-in-America products, delivering quality and value directly to our customers.
3
BUSINESS TO BUSINESS
Worksport’s business-to-business model focuses on forming strong partnerships to sell our products in higher quantities while maintaining profitable margins. This strategy enhances our market share across North America and reduces shipping costs per truck bed. By leveraging bulk sales, we optimize distribution efficiency and expand our presence in the industry, ensuring our products reach a broader audience more cost-effectively.
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WE ARE ALWAYS EXPLORING
CLIMATE HEATPUMP MARKET EXPECTED TO EXCEED $142B BY 2024
HEATING & COOLING, EVEN IN EXTREME TEMPERATURES
Terravis Energy, Worksport's subsidiary, is developing extreme climate heat pumps. Residential heating and cooling is the third (3rd) biggest contributor to carbon emissions and greenhouse gases planet-wide. Future generations will be able to heat and cool their homes with zero emissions, thanks to new technology, working to reduce climate change.
LATEST NEWS
Worksport keeps investors informed with regular updates on sales growth, the solar cover, battery system, new partnerships, media coverage and more. To receive these updates promptly and gain access to the latest insights and investment information, sign up for the email subscription.
EXCITING MEDIA COVERAGE
We're excited to share that Worksport has recently garnered significant attention from the media. Below, you'll find highlights of our latest media coverage, including a press release from the Governor of New York and an insightful visit to our manufacturing facility in the USA.
May 29th 2024
Worksport Secures New U.S. Patent For Innovative Solar Truck Cover
Worksport announced that it has been issued a new utility patent from the United States Patent & Trademark Office related to its highly anticipated SOLIS Solar Tonneau Cover.
May 23th 2024
Worksport Sets Guidance for 300-433% Revenue Growth in 2024
Worksport today laid out its 2024 revenue forecast, highlighting significant growth trajectories and forward-looking operational strategies.
May 7th 2024
Worksport visited by 7ABC News at the USA Factory
Worksport was featured on 7abc News after receiving a $2.8 million grant from New York State. This funding is expected to create 280 new jobs in Western New York over the next five years.
May 7th 2024
Governor Hochul Announces Worksport Ltd. Will Expand Operations, Creating 280 New Jobs in Erie County
Governor Kathy Hochul today announced that Worksport Ltd. will invest $6 million and expand its state-of-the-art facility in the Town of West Seneca, adding 280 new jobs to its workforce. The company, which is listed on the Nasdaq Stock Exchange [NASDAQ: WKSP], manufactures tonneau covers and solar-powered systems for pickup trucks.
May 3th 2024
What’s Driving Worksport Stock? A 10.07% Increase Tied to New Business Alliances
Worksport was featured by Fintech Zoom in an article by Amelia Young, who is also known for her career with The New York Times before shifting to The Wall Street Journal in 2017. This coverage highlights Worksport's innovative contributions and recent achievements in the industry.
April 25th 2024
Worksport Signals Undervalued Status, Eyes Major 2024 Growth
Worksport released a memo to shareholders, iterating management’s outlook on maximizing shareholder value and setting the stage for a transformative year in projected growth for 2024, on all fronts.
February 21th 2024
Ford F-150 Lightning to gain Worksport SOLIS solar cover for off-grid energy use
Worksport was featured in Electrek for their SOLIS Solar cover designed for the Ford F-150 Lightning. This coverage highlights the innovative integration of solar technology into electric vehicles, showcasing Worksport's commitment to sustainable automotive solutions.
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LEADERSHIP
Founded in 2011, Worksport has evolved into a renewable energy powerhouse. Led by CEO Steven Rossi, Worksport's leadership comprises a team of experienced, well-educated, and highly-connected individuals who operate with efficiency to accelerate growth and seize opportunities. Key figures like Ned Siegel, former Ambassador to the Bahamas appointed by George W. Bush, help Worksport open doors for continuous growth.
STEVEN ROSSI
– Founder & CEO Worksport LTD
DR. RAFAEL OLIVIERA
– Chief Technical Officer
CHRIS BERNAUDO
– Chief Operations Officer
STEVE RAIVIO
– Director of Sales
LORENZO
ROSSI
– CEO Terravis Energy & Board Member
WILLIAM
CARAGOL
– Board Member
MICHAEL
JOHNSTON
– CFO Worksport &
Board Member
AMB. NED SIEGEL
– Board Member & Former Amb. Bahamas
CRAIG LOVEROCK
– Board Member
WHAT OTHERS SAY ABOUT WORKSPORT
Great American-made product!
I have been wanting to replace my roll up truck bed cover with a slim hard-trifold cover for some time. It has far out succeeded my expectations. "Allen MC"
I have been using this cover for 7 months now through all terrains and climates and it's held up really well, keeping my gear dry and dust free. "Jacob"
Worksport started with just a handful of people and a great idea; just a few years later it will take hundreds of workers to keep up with the growing demand for its products. We are proud that Worksport is choosing to invest in New York State, fostering innovation and green technology, and taking excellent advantage of our high-quality manufacturing workforce.
Worksport is making a difference in the world. What they are doing is extremely important work. It is my firm belief that not only are you producing a quality product but your visionary company ethos is inspiring.
The monetary value Worksport delivers to shareholders is very important as an investor but the legacy that Worksport leaves behind for future generations is priceless!
Questions?
FREQUENTLY ASKED QUESTIONS
INVESTING IN WORKSPORT
HOW CAN I INVEST IN WORKSPORT?
Worksport LTD is actively trading on the Nasdaq exchange under the symbol WKSP. This makes it easy for anyone interested in buying or selling shares of Worksport to do so on the open market through various online brokers.
Some of the popular online brokers where you can trade WKSP shares include:
E*TRADE, TD Ameritrade, Charles Schwab, Robinhood, Fidelity, Interactive Brokers, Merrill Edge, Ally Invest, Vanguard, and Webull. These platforms offer user-friendly interfaces and tools that facilitate seamless trading experiences for both novice and experienced investors.
WHAT IS WORKSPORT'S MISSION AND VISION?
Worksport is committed to creating innovative product lines in the hybrid and clean energy markets by integrating innovative solutions into a variety of markets. Our vision is to empower recreational and utility by designing and manufacturing unique solitons that provide utility and achieve sustainability.
WHAT IS WORKSPORT'S CURRENT REVENUE GROWTH RATE?
As previously announced, we are projecting 300-433% growth in revenue for the year-end 2024.
Read the press release here.
WHAT ARE THE KEY DRIVERS OF REVENUE FOR WORKSPORT?
An overview of Worksport’s revenue opportunities:
Tonneau Covers: With a market-size of 7 million covers annually (~21,000 daily), Worksport aims to aggressively capture the market with its strategically positioned covers. Worksport aims to grow the cover business to a 9-figure revenue department within 3 years.
Soft Covers: Currently sold under both private label and the Worksport brand, these entry-level products will consistently drive revenue and market share.
Made-in-America AL3 Hard Covers: Worksport holds $6 million in strategically prepared inventory, poised for rapid turnover. Sales for the Worksport AL3 are showing very promising early signs.
Highly Anticipated AL4 Covers: Scheduled for release later this year, these covers are expected to meet increasing consumer demand with higher margins. Clean Energy Products: Worksport is scheduled to launch multiple products in the clean-tech space, entering & vitally altering many multi-billion-dollar markets.
First-to-Market Solar Cover: Set for a summer launch, this product is anticipated to revolutionize the market with its integrated solar technology. The “SOLIS” is highly anticipated for the best-selling vehicles in the United States, like the Ford F-150, RAM 1500, and Chevy Silverado.
Modular Portable Energy System: Complementing the solar cover, this system, dubbed the “COR”, will offer versatile energy solutions that resonate with eco-conscious consumers. This system will have many peripheral benefits and Worksport will grow the COR product line, offering multiple product applications.
Worksport’s Extreme Climate Heat – Pump: Having displayed very promising early-testing results, Worksport’s innovative heat-pump is rapidly progressing in development. It targets a market expected to exceed USD $142 Billion by 2024.
ARE THERE ANY OTHER COMPANIES THAT HAVE SIMILAR PRODUCTS TO YOURS AND ARE PUBLICLY TRADED?
Worksport is presently the sole publicly traded company manufacturing Tonneau covers in the United States, offering an additional advantage in terms of access to growth capital via public markets.
MARKET
HOW DOES WORKSPORT PLAN TO MAINTAIN AND IMPROVE ITS MARKET POSITION?
Worksport holds a diverse array of patents on its products, safeguarding the value for investors and maintaining its innovative products' market position, including the SOLIS Solar Tonneau cover.
Worksport’s US factory initiated full-scale production in January. Worksport’s sales efforts began in late Q1, with a push towards direct to consumer (B2C) sales in March 2024. Worksport is continuing to launch the Worksport brand via distribution partnerships, e-commerce growth, and leveraging the strategic advantages of its product line-up. The Company has seen very promising early signs.
WHAT IS YOUR LONG-TERM STRATEGY FOR GROWTH AND MARKET EXPANSION?
Our strategy includes expanding our product lines, entering new geographic markets, increasing production capacity, and continuing to innovate with eco-friendly solutions.
CAN YOU DISCUSS ANY STRATEGIC PARTNERSHIPS OR COLLABORATIONS WORKSPORT HAS?
Worksport has recently announced the onboarding of two major distributors in the North American marketplace and has a signed exploration agreement with Hyundai.
Further discussions with potential partners are underway, and investors will be informed of any significant developments as they arise.
WHAT ARE THE KEY TRENDS AND DEVELOPMENTS IMPORTANT FOR WORKSPORT?
Key trends include the integration of smart technology, the rise of sustainability and eco-friendly products, and the growing consumer demand for portable power.
SUSTAINABILITY AND CORPORATE SOCIAL RESPONSIBILITY
WHAT INITIATIVES DOES WORKSPORT HAVE IN PLACE FOR SUSTAINABILITY AND ENVIRONMENTAL RESPONSIBILITY?
Our initiatives include developing products that reduce environmental impact, implementing sustainable manufacturing practices, and engaging in community-based environmental projects.
HOW DOES WORKSPORT CONTRIBUTE TO THE COMMUNITIES IT OPERATES IN?
We contribute through local job creation, community service projects, and partnerships with local organizations to support community development.
WHAT ARE YOUR GOALS FOR REDUCING WORKSPORT'S CARBON FOOTPRINT?
Our goals include decreasing energy consumption, using sustainable materials in our products, and reducing waste through recycling initiatives.
HOW DOES SUSTAINABILITY FACTOR INTO WORKSPORT'S OVERALL BUSINESS STRATEGY?
Sustainability is at the core of our strategy, influencing product development, operations, and corporate culture to ensure long-term viability and environmental stewardship.
Worksport LTD
HQ: 2500 N America Dr
West Seneca, NY 14224, USA
1-888-554-8789
investors@worksport.com
© Copyrights by Worksport Ltd Trading on the NASDAQ:WKSP. All Rights Reserved.
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