West Seneca, New York, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP; WKSPW) ("Worksport" or the "Company") proudly announces that it has purchased the necessary inventory parts for the highly anticipated Alpha Release of its innovative COR Portable Energy Storage System. This purchase includes all critical components, such as power switches and microcontrollers, the main semiconductors essential for the functionality of Worksport's proprietary systems.

The Company's inventory purchase underscores its confidence in the forthcoming test results and its commitment to a swift market introduction. "Securing these components not only highlights our proactive approach to supply chain management but also positions us a step ahead as we prepare for the exciting Alpha Release," said Worksport CEO Steven Rossi.

This move, expected to significantly expedite the manufacturing process, should ensure that the SOLIS Solar Cover and COR Battery System will be available to consumers without unnecessary delays. "We are excited about our innovative products and their market potential," added Rossi. "Finalizing our inventory ahead of the test results reflects our optimism and readiness for rapid deployment."

Worksport's forward-thinking approach is aimed to set a new precedent in the automotive aftermarket, anticipating a seamless transition from development to delivery. With these preparations, Worksport contributes to the clean energy revolution in the automotive sector.

The Company eagerly awaits the test outcomes and is poised to launch the Alpha Release for real world testing, marking a pivotal step in bringing sustainable and practical energy solutions to the market.

For further information, please visit Worksport's official website for investors at investors.worksport.com.

About Worksport

Worksport Ltd. (Nasdaq: WKSP; WKSPW), through its subsidiaries, designs, develops, manufactures, and owns the intellectual property 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 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. Terravis Energy's website is terravisenergy.com. For more information, please visit investors.worksport.com.

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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 the Accounts to announce Company news and other information. The information shared on the Accounts could be deemed to be material information. As a result, the Company encourages investors, the media, and others to review the information the Company publishes on the Accounts.

In order to comply with Regulation FD, the Company does not selectively disclose material non-public information on any Account. If there is any significant financial information, it is the policy of the Company to release it broadly to the public through a press release or SEC filing prior to publishing it on one of the Accounts.

For additional information, please contact: Steven Obadiah, Investor Relations, Worksport Ltd.
T: 1 (888) 554 8789 E: investors@worksport.com W:

Forward-Looking Statements

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