Latest news with #SOLIS
Miami Herald
16-07-2025
- Automotive
- Miami Herald
Worksport Accelerates R&D Expansion and Clean-Tech Commercialization Amid Record Growth
Company Doubles Missouri R&D Facility, Launches Heat Pump Testing, and Readies Fall Rollout of SOLIS™ & COR™ Mobile Nano-Grid System WEST SENECA, NY / ACCESS Newswire / July 16, 2025 / Worksport Ltd. (NASDAQ:WKSP) ("Worksport" or the "Company"), a U.S. based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, today announced major corporate developments across research, manufacturing, and commercialization-signaling aggressive growth following a record-setting Q2. Expanding U.S. R&D and Preparing for Manufacturing Scalability After delivering Q2 2025 top-line results of $4.1M, up 83% from the previous quarter, Worksport shares that it has recently moved into new research and development ("R&D") facilities in Ozark, Missouri, doubling its R&D footprint to facilitate larger R&D initiatives, paired with a large pipeline of upcoming and planned launches of innovative products and features. This expansion underscores the Company's commitment to product innovation and expanding its customer reach through future-facing technology platforms. Missouri was selected due to its central geography, skilled labor force, and growing prominence as a U.S. manufacturing hub. With production up over 50% since March 2025, the Company is also evaluating new factory capacity to meet surging demand. A decision on expansion is expected by the end of Q3. The Company shares that demand remains ahead of output. COR and SOLIS Moving Toward Commercial Launch Worksport's highly anticipated SOLIS solar-integrated tonneau cover and COR portable nano-grid system remain on track for a Fall 2025 launch. Both products have completed major validation milestones, including third-party testing and customer-paid beta deployments. Management believes this clean-tech vertical-targeting a $13B addressable market-represents a transformational revenue stream and an expansion beyond the Company's core truck accessory business. The Company projects $2-3 million in revenue from SOLIS and COR in 2025, with 2026 expected to see 8-figure growth potential as sales expand across both business to consumer (B2C) and strategic enterprise channels. AetherLux™ Gains Additional Enterprise Attention Terravis Energy, Worksport's clean-tech subsidiary, has entered early-stage commercial testing of its AetherLux™ Pro heat pump with high-performance Zerofrost technology, addressing the $148B global heat pump market. The technology is drawing interest from multi-billion-dollar corporations and U.S. government entities, with site visits and due diligence already underway. Management believes AetherLux could play a major role in Worksport's 2026 balance sheet, as the Company continues to validate its performance in extreme climate conditions and scale its manufacturing pathways. For further information: Investor Relations, Worksport Ltd. T: 1 (888) 554-8789 -128W: W: E: investors@ Connect with Worksport Chief Executive Officer, Steven Rossi Steven Rossi X (Twitter) Steven Rossi LinkedIn Join: Worksport's Newsletter About Worksport Worksport Ltd. (Nasdaq:WKSP), through its subsidiaries, designs, develops, manufactures, and owns the intellectual property on a variety of tonneau covers, solar integrations, portable power systems, and clean heating & cooling solutions. Worksport has an active partnership with Hyundai for the SOLIS Solar cover. Additionally, Worksport's hard-folding cover, designed and manufactured in-house, is compatible with all major truck models and is gaining traction with newer truck makers including the electric vehicle (EV) sector. Worksport 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 Cold-Climate Heat Pump (CCHP) technology. Terravis Energy's website is Connect with Worksport Please follow the Company's social media accounts on X (previously Twitter), Facebook, LinkedIn, YouTube, and Instagram (collectively, the "Accounts"), the links of which are links to external third-party websites, as well as sign up for the Company's newsletters at Social Media Disclaimer The Company does not endorse, ensure the accuracy of, or accept any responsibility for any content on these third-party websites other than content published by the Company. Investors and others should note that the Company announces material financial information to our investors using our investor relations website, press releases, Securities and Exchange Commission (SEC") filings, and public conference calls and webcasts. The Company also uses social media to announce Company news and other information. The Company encourages investors, the media, and others to review the information the Company publishes on social media. The Company does not selectively disclose material non-public information on social media. If there is any significant financial information, the Company will release it broadly to the public through a press release or SEC filing prior to publishing it on social media. 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," "scheduled," "expect," "future," "intend," "plan," "project," "envisioned," "should," or the negative of these terms and similar expressions, as they relate to us or our management, identify forward‐looking statements. These statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, 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 and many of which are outside of our control. Our actual results and financial situation 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: (i) supply chain delays; (ii) acceptance of our products by consumers; (iii) delays in or nonacceptance by third parties to sell our products; and (iv) 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 SEC, including, without limitation, our latest Annual Report on Form 10-K and our 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 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. SOURCE: Worksport Ltd.
Yahoo
26-06-2025
- Automotive
- Yahoo
Worksport announces commercial-use pilot project with U.S. construction firm
Worksport (WKSP) announces a commercial-use pilot project with a leading US construction firm that has a fleet comprising over 1,000 trucks. Under this initial engagement, the construction firm has agreed to purchase units of the Worksport's SOLIS solar tonneau cover and COR portable energy system to use and evaluate for broader application to their large truck fleet. Steven Rossi, CEO of Worksport, commented: 'We believe our COR and SOLIS systems will be an excellent fit for large commercial work fleets. We are excited to have a reputed; well-known construction Company purchase test units of our COR & SOLIS system to test within their network. We believe this collaboration underscores Worksport's underlying excitement for the upcoming product line, set for public release in Fall 2025. We believe this relationship can be meaningful with significant revenue upside opportunities in the future.' Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on WKSP: Disclaimer & DisclosureReport an Issue Worksport Announces Record-Breaking Revenues for May 2025 Worksport announces May sales of $1.28M Worksport Completes Initial Closing of Regulation A Offering Worksport Expands U.S. Dealer Network Significantly Worksport secures second national automotive distributor Sign in to access your portfolio
Yahoo
25-06-2025
- Business
- Yahoo
Worksport Nano-Grid System Selected for Pilot by Top US Construction Group
Top 25 U.S. Construction and Energy Contractor To Purchase Worksport's SOLIS Solar Tonneau Cover and COR Portable Energy System for Initial Pilot West Seneca, New York, June 25, 2025 (GLOBE NEWSWIRE) -- Worksport Ltd. (NASDAQ: WKSP) ('Worksport' or the 'Company'), a U.S. based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, is pleased to announce a commercial-use pilot project with a leading US construction firm that has a fleet comprising over 1,000 trucks. Under this initial engagement, the construction firm has agreed to purchase units of the Worksport's SOLIS solar tonneau cover and COR portable energy system to use and evaluate for broader application to their large truck fleet. This marks the Company's first major collaborative project with a large construction industry stakeholder. Steven Rossi, CEO of Worksport, commented: 'We believe our COR and SOLIS systems will be an excellent fit for large commercial work fleets. We are excited to have a reputed; well-known construction Company purchase test units of our COR & SOLIS system to test within their network. We believe this collaboration underscores Worksport's underlying excitement for the upcoming product line, set for public release in Fall 2025. We believe this relationship can be meaningful with significant revenue upside opportunities in the future.' Initial Commercial Project Overview Pilot (Phase I): Customer will receive two purchased sets of the Worksport SOLIS and COR systems. This pilot aims to validate the performance, reliability, and practical benefits of Worksport's clean-tech solutions in real-world construction environments. Strategic Feedback Loop: Working with the customer's innovation department, Worksport expects to receive detailed feedback and performance data in real-commercial settings. The construction company may also create and share marketing and media content for Worksport's use. Future Phases: Upon successful completion of Phase I, Worksport anticipates moving to a larger scale order to implement Worksport's nano-grid power system for broader use. Strategic Outlook and Broader Implications This collaboration not only creates a structured roadmap toward large-scale fleet adoption but also delivers an invaluable real-world industrial use case for Worksport's COR & SOLIS nano-grid system. Importantly, the customer—recognized as a top-tier builder and engineering firm—serves a wide array of institutional and government clients, including the U.S. Army Corps of Engineers, Department of Homeland Security, U.S. Coast Guard, and General Services Administration (GSA). Their proven track record of delivering complex federal projects opens the door to meaningful exposure with additional future commercial clients. As this pilot progresses, Worksport expects to gain critical performance insights, foster a deeper partnership, and potentially unlock additional opportunities across both private and public sectors. The Company looks forward to updating shareholders as this relationship evolves and new commercial pathways emerge. For further information:Investor Relations, Worksport Ltd. T: 1 (888) 554-8789 -128 W: W: E: investors@ Join: Worksport's Newsletter About Worksport Worksport Ltd. (Nasdaq: WKSP), through its subsidiaries, designs, develops, manufactures, and owns the intellectual property on a variety of tonneau covers, solar integrations, portable power systems, and clean heating & cooling solutions. Worksport has an active partnership with Hyundai for the SOLIS Solar cover. Additionally, Worksport's hard-folding cover, designed and manufactured in-house, is compatible with all major truck models and is gaining traction with newer truck makers including the electric vehicle (EV) sector. Worksport 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 Cold-Climate Heat Pump (CCHP) technology. Terravis Energy's website is Connect with Worksport Please follow the Company's social media accounts on X (previously Twitter), Facebook, LinkedIn, YouTube, and Instagram (collectively, the 'Accounts'), the links of which are links to external third-party websites, as well as sign up for the Company's newsletters at Social Media Disclaimer The Company does not endorse, ensure the accuracy of, or accept any responsibility for any content on these third-party websites other than content published by the Company. Investors and others should note that the Company announces material financial information to our investors using our investor relations website, press releases, Securities and Exchange Commission (SEC') filings, and public conference calls and webcasts. The Company also uses social media to announce Company news and other information. The Company encourages investors, the media, and others to review the information the Company publishes on social media. The Company does not selectively disclose material non-public information on social media. If there is any significant financial information, the Company will release it broadly to the public through a press release or SEC filing prior to publishing it on social media. 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,' 'scheduled,' 'expect,' 'future,' 'intend,' 'plan,' 'project,' 'envisioned,' 'should," or the negative of these terms and similar expressions, as they relate to us or our management, identify forward‐looking statements. These statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, 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 and many of which are outside of our control. Our actual results and financial situation 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: (i) supply chain delays; (ii) acceptance of our products by consumers; (iii) delays in or nonacceptance by third parties to sell our products; and (iv) 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 SEC, including, without limitation, our latest Annual Report on Form 10-K and our 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 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 lors de la récupération des données Connectez-vous pour accéder à votre portefeuille Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données
Yahoo
23-06-2025
- Business
- Yahoo
EXCLUSIVE: Worksport Clocks $1.3 Million Revenue In May, Margins Rise
Worksport (NASDAQ:WKSP) announced on Monday that its May 2025 sales reached $1.28 million, marking its second consecutive month of record-breaking revenue (non-audited). Gross margins improved as Worksport's Made-in-USA cover line gained significant traction, the company said. Worksport's April and May 2025 revenues have surpassed total first-quarter 2025 revenue, signaling strong momentum entering the year's second half, the company gross margins improved from the first-quarter 2025 levels to roughly 23%, driven by the company's focus on higher-value branded products and operational efficiency at its New York manufacturing facility. Management projects gross margins to trend toward 30% by year-end, reflecting expected scale benefits and continued cost optimizations. The company also expects to have a positive cash flow by year-end. Worksport's active dealer network has expanded from 94 in the fourth quarter of 2024 to over 550, including two major national distributors added this spring, the company said. Management expects June 2025 to deliver another strong month as two recently onboarded national distributors ramp up ordering. Steven Rossi, CEO of Worksport, said that with its SOLIS and COR clean-tech products launching this fall, Worksport is targeting the multi-billion-dollar clean energy and portable power markets. The company said it believes these high-margin, IP-protected products will accelerate significant, consistent growth for the years ahead. Worksport projects approximately $20 million in revenue by year-end 2025. The company noted that its current market capitalization remains below this year's projected revenue. Price Action: WKSP stock is up 0.10% at $2.80 premarket at last check Monday. Read Next:Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? WORKSPORT (WKSP): Free Stock Analysis Report This article EXCLUSIVE: Worksport Clocks $1.3 Million Revenue In May, Margins Rise originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
05-06-2025
- Automotive
- Yahoo
Worksport Announces Fall 2025 Launch of Highly Anticipated SOLIS & COR Nano-Grid System Following Completion of Major Engineering Milestones
Company Projects Millions in New 2025 Revenues. Modular Nano-Grid System Delivers 4,000Wh+ of Solar Generated Energy; Targeting Vehicles, Jobsites, Military, and Portable Power Markets. West Seneca, New York--(Newsfile Corp. - June 5, 2025) - Worksport Ltd. (NASDAQ: WKSP) ("Worksport" or the "Company"), a U.S. based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, today confirmed a Fall 2025 commercial launch for its much-anticipated modular nano-grid system, known as SOLIS & COR. This announcement follows the successful completion of key engineering milestones and validation benchmarks across both systems. The Company also released initial revenue forecasts, signaling strong commercial traction ahead of launch. Designed to function either independently or as an integrated energy ecosystem, the SOLIS solar tonneau cover and COR portable power system are engineered to empower over 60 million pickup trucks in the U.S. with the ability to generate and store power—anytime, anywhere. Importantly, while the SOLIS tonneau cover targets the pickup truck market, the COR system can serve a wide range of broad global consumer applications, unlocking new lifestyle and recreational verticals - "anybody, anywhere". As a result, the Company's total addressable market (TAM) is projected to triple, expanding from $4 billion to more than $13 billion. Figure 1: Closeups of the Worksport SOLIS & COR Nano-Grid To view an enhanced version of this graphic, please visit: "The portable energy market is expanding rapidly, with a projected CAGR of 24.2%," said Steven Rossi, Chief Executive Officer of Worksport. "After three years of focused development, we're excited to confirm the 2025 launch of SOLIS and COR. These are transformational platforms that open the door to the North American and global consumer markets, long-term scalability, and a new chapter of innovation for our Company." Engineering Validation and Product Readiness Worksport's COR modular portable power system has successfully passed all internal and third-party laboratory tests. The Company has finalized tooling and received initial production-ready units, which have been submitted for global UL certification. Approvals are expected within approximately two months. In parallel, the SOLIS solar-integrated tonneau cover has completed initial beta deployment with real-world customers. These early commercial users have paid for their systems, and have already begun leveraging SOLIS in everyday conditions, demonstrating robust system performance and strong product-market fit. The Company views these achievements as critical technical validation ahead of full-scale commercialization. Read more about the Worksport COR & SOLIS System: [here] Revenue Outlook and Strategic Market Positioning Following third-party validation, Worksport anticipates generating $2-3 million in new 2025 revenue from SOLIS and COR—representing a high double-digit gross margin vertical distinct from its core tonneau cover business. With both systems advancing toward market launch, management expects these products to scale rapidly, targeting 8-figure annual revenue in 2026 and long-term recurring growth in the mobile power and clean energy markets. Complementing Worksport's existing 8-figure and growing tonneau cover business. SOLIS is a patented, first-of-its-kind solar solution in the U.S. truck accessories sector—an expanding and resilient market with strong demand among North American pickup truck owners. Meanwhile, COR is being positioned to directly challenge market leaders in the portable power industry, including a Chinese competitor reportedly growing at 300% annually with over $1 billion in projected yearly sales. Worksport believes COR will compete favorably on performance, an innovative patented design, and pricing, bolstered by U.S.-based operations and a proprietary modular architecture. Manufacturing Progress and Commercial Launch Plans The SOLIS system is currently in assembly at Worksport's ISO-certified U.S. facility near Buffalo, New York. Manufacturing planning for COR is proceeding in parallel, aligning with targeted launch timelines and ensuring readiness for scaled deployment. As the Company finalizes certifications and market preparations, it anticipates sharing further updates in the coming weeks regarding product availability, retail pricing, and an expanded roadmap for the SOLIS-COR ecosystem. "These aren't just new products—they're strategic platforms for multi-channel expansion," added Rossi. "COR and SOLIS are built to solve real-world challenges, designed with mass-market scalability in mind, and protected by a robust IP portfolio. With testing complete and final prototypes in hand, we are now ready to bring these innovations to market with full confidence." For further information:Investor Relations, Worksport Ltd. T: 1 (888) 554-8789 -128 W: W: E: investors@ Worksport's Newsletter About WorksportWorksport Ltd. (NASDAQ: WKSP), through its subsidiaries, designs, develops, manufactures, and owns the intellectual property on a variety of tonneau covers, solar integrations, portable power systems, and clean heating & cooling solutions. Worksport has an active partnership with Hyundai for the SOLIS Solar cover. Additionally, Worksport's hard-folding cover, designed and manufactured in-house, is compatible with all major truck models and is gaining traction with newer truck makers including the electric vehicle (EV) sector. Worksport 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 Cold-Climate Heat Pump (CCHP) technology. Terravis Energy's website is Connect with WorksportPlease follow the Company's social media accounts on X (previously Twitter), Facebook, LinkedIn, YouTube, and Instagram (collectively, the "Accounts"), the links of which are links to external third-party websites, as well as sign up for the Company's newsletters at Social Media DisclaimerThe Company does not endorse, ensure the accuracy of, or accept any responsibility for any content on these third-party websites other than content published by the Company. Investors and others should note that the Company announces material financial information to our investors using our investor relations website, press releases, Securities and Exchange Commission (SEC") filings, and public conference calls and webcasts. The Company also uses social media to announce Company news and other information. The Company encourages investors, the media, and others to review the information the Company publishes on social media. The Company does not selectively disclose material non-public information on social media. If there is any significant financial information, the Company will release it broadly to the public through a press release or SEC filing prior to publishing it on social media. Forward-Looking StatementsThe 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," "scheduled," "expect," "future," "intend," "plan," "project," "envisioned," "should," or the negative of these terms and similar expressions, as they relate to us or our management, identify forward‐looking statements. These statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, 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 and many of which are outside of our control. Our actual results and financial situation 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: (i) supply chain delays; (ii) acceptance of our products by consumers; (iii) delays in or nonacceptance by third parties to sell our products; and (iv) 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 SEC, including, without limitation, our latest Annual Report on Form 10-K and our 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 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. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
