West Seneca, New York, May 23, 2023 (GLOBE NEWSWIRE) — Worksport Ltd. (NASDAQ:WKSP;WKSPW) (the “Company” or “Worksport”) announces that the completion of the Company’s 222,000 sq. ft. Western N.Y manufacturing facility in New York is one step closer to starting production as the first materials are received at the factory. With the completion of Worksport’s state-of-the-art factory on the horizon, the Company can shift focus to sales and sustainable revenue growth.
Under the leadership of CEO Steven Rossi, Worksport has made significant strides in solidifying its position in the automotive accessories and new energy industries. The tireless efforts of the Worksport team, coupled with the unwavering commitment of dedicated investors, have brought the Company closer than ever to this major milestone.
Once fully operational, the facility is anticipated to empower Worksport to realize its true potential, enable Worksport’s manufacturing team to scale up production, enhance operational efficiency, and meet the increasing market demand for its groundbreaking products.
Steven Rossi, Worksport CEO, stated “With the imminent completion of our state-of-the-art factory, we are now better positioned than ever to deliver outstanding products and generate substantial revenues. We have received many of the first materials required to start production.”
Rossi further emphasized the transformative impact of the forthcoming factory completion: “The completion of our factory is not just a symbolic achievement but a tangible step towards Worksport’s financial success. We are closer than ever to actualizing our revenue goals, and I am confident that our diligent efforts and commitment to excellence will create significant value for our investors.”
Worksport Ltd. remains committed to transparency and open communication with its stakeholders. As the factory is closer to start production, the Company eagerly anticipates the commencement of operations, which will unleash its full manufacturing potential and drive sustainable financial growth.
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