Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United States
  4. OTC Markets
  5. WORKSPORT
  6. News
  7. Summary
    WKSP   US98139Q1004

WORKSPORT

(WKSP)
  Report
SummaryQuotesChartsNewsCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Worksport™ Provides Update for TerraVis™ OEM Supply Agreement

09/15/2020 | 08:30am EDT

TORONTO, Sept. 15, 2020 (GLOBE NEWSWIRE) -- Worksport Ltd, (OTC:WKSP) (or the “Company), will require additional time to make a formal announcement of its first TerraVis’ solar truck cover partnership with a U.S. based Electronic Vehicle manufacturer. This is the result of broadening discussions between both companies, beyond the initial supply partnership agreement announced earlier this month.

The TerraVis’Solar Truck Bed Power System, for its first OEM partner, will be uniquely configured so that TerraVis will provide the EV Truck, with a meaningful source of recharge power, from its integrated Solar Panels. The partnership between the two companies is expected to generate US$70 million in revenues for Worksport in the near-to-mid-term, according to Worksport CEO Steven Rossi.

Management from the companies are engaged in active discussions, expanding beyond just the initial supply partnership agreement. Discussions are now centered towards additional synergies that are leading towards further opportunities between the companies. Details are expected be made publicly available soon.

As well, Worksport has had business interest from organizations in Holland, Germany, Australia, Spain, multiple U.S. and Canadian companies as well as overwhelming interest from journalists and those within the investment community. TerraVis, much more than a solar panel truck bed cover, is a fully integrated, scalable system pairing on-demand zero emissions solar power with an unmatched cargo bed usage experience meeting pickup truck owners’ needs as they expand and change.

“This is an extremely pivotal and exciting time for Worksport,” said Rossi. “We are proceeding with optimistic caution and believe this is history in the making. TerraVis is poised to off-grid the future EV-Truck off-road experience”

The Company will frequently update shareholders, supporters, and investors to maintain the highest level of disclosure and information dissemination as Worksport continues to grow and develop at a very rapid pace.

Any interested investors or shareholders are encouraged to follow the company’s social media accounts on Twitter, Facebook, LinkedIn, and Instagram as well as sign up for the company’s newsletters on bothwww.worksport.com and www.goterravis.com, to stay up to date on all of the latest news. 

About Worksport Ltd.

Worksport Ltd., an innovative manufacturer of high quality, functional, and aggressively priced tonneau/truck bed covers for light trucks like the F150, Sierra, Silverado, Canyon, RAM, and Ford F-Series. For more information please visit www.worksport.com. Currently listed on the OTCQB Market under the trading symbol “WKSP.”

Connect with Worksport:

LinkedIn

Facebook

Twitter

Instagram

For further information please contact:
Mr. Steven Rossi
CEO & Director
LinkedIn
Twitter
Worksport, Ltd
T: 1-888-554-8789
E: srossi@worksport.com

Forward-Looking Statements

This document may contain forward-looking statements, relating to Worksport, Ltd. operations or to the environment in which it operates, which are based on Franchise Holdings International Inc. operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, and/or are beyond Worksport, Ltd’s ’s control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place any undue reliance on such forward-looking statements. Worksport, Ltd. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No Stock Exchange or Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Attachment

Primary Logo

TerraVis™

Solar Truck Bed Power System

© GlobeNewswire 2020
All news about WORKSPORT
06/03WORKSPORT LTD  : Regulation FD Disclosure, Financial Statements and Exhibits (fo..
AQ
06/03WORKSPORT  : to Present at LD Micro Invitational XI (Form 8-K)
PU
06/03Worksport to Present at LD Micro Invitational XI
GL
06/01WORKSPORT LTD  : Regulation FD Disclosure, Financial Statements and Exhibits (fo..
AQ
06/01WORKSPORT  : Enters into Collaborative Partnership with Ontario Tech University ..
PU
06/01WORKSPORT  : Enters into Collaborative Partnership with Ontario Tech University
AQ
05/27WORKSPORT  : Growing Workforce for Strategic Business Expansion and Execution (F..
PU
05/27WORKSPORT LTD  : Regulation FD Disclosure, Financial Statements and Exhibits (fo..
AQ
05/27WORKSPORT  : Growing Workforce for Strategic Business Expansion and Execution
AQ
05/26WORKSPORT LTD  : Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year..
AQ
More news
Financials (USD)
Sales 2020 0,35 M - -
Net income 2020 -1,19 M - -
Net cash 2020 0,40 M - -
P/E ratio 2020 -6,82x
Yield 2020 -
Capitalization 104 M 104 M -
EV / Sales 2019 1,34x
EV / Sales 2020 27,3x
Nbr of Employees 4
Free-Float -
Chart WORKSPORT
Duration : Period :
WORKSPORT Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Managers and Directors
NameTitle
Steven Rossi President, CEO & Secretary
Michael Johnston Chief Financial Officer
Lorenzo Rossi Director
Craig Loverock Director