10/07/2024 | Press release | Distributed by Public on 10/07/2024 06:06
Company Shares Strategic Plan; Prepares for Multiple Product Releases Aimed at Revenue Growth
West Seneca, New York, October 7, 2024 - 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 key strategic updates along with updates on upcoming product launches aiming to accelerate revenue growth.
"Last year we had a million-dollar year, this year we're earning million-dollar revenues in a month. Our target is to achieve million-dollar (revenue) weeks, then million-dollar days. We're building an amazing business brick-by-brick." - Steven Rossi, CEO
Strategic Initiatives
Management Commentary
Steven Rossi, CEO of Worksport, added:
"We are strategically positioned for continued growth and are committed to enhancing shareholder value. Our objective is to push for organic growth and we reiterate our confidence in the Company's fundamentals and future prospects. With multiple high-demand products set for release and our ongoing innovations in clean energy, we are dedicated to executing our vision and look forward to sharing our progress with our shareholders."
Upcoming Product Releases Set to Drive Growth
Worksport is excited to announce progress on three highly anticipated products slated for near-term market release :
Revenue Growth and Market Expansion
Management reiterates the positive financial impact anticipated from the upcoming product launches:
Exciting Developments at Terravis Energy
Worksport is also thrilled to announce that its subsidiary, Terravis Energy, is nearing a major breakthrough in heat pump technology:
Stay Tuned For More Updates
For more on Worksport's innovative product lines, visit www.worksport.com. Stay tuned for investor updates on new products, expanded model coverage, and business growth.
Investor Relations, Worksport Ltd.
T: 1 (888) 554-8789 x128
W1: https://investor.worksport.com
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Forward-Looking Statements
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