{"id":537320,"date":"2021-09-13T08:04:40","date_gmt":"2021-09-13T12:04:40","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/worksport-ltd-update-on-breakthrough-hydrogen-project-university-partnership\/"},"modified":"2021-09-13T08:04:40","modified_gmt":"2021-09-13T12:04:40","slug":"worksport-ltd-update-on-breakthrough-hydrogen-project-university-partnership","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/worksport-ltd-update-on-breakthrough-hydrogen-project-university-partnership\/","title":{"rendered":"Worksport Ltd. Update on Breakthrough Hydrogen Project & University Partnership"},"content":{"rendered":"
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\n Mississauga, Sept. 13, 2021 (GLOBE NEWSWIRE) — <\/strong>Worksport Ltd (Nasdaq-CM: WKSP; WKSPW) (\u201cWorksport\u201d or the \u201cCompany\u201d), through its subsidiary Terravis Energy, Inc. (or \u201cTerravis Energy\u201d), today outlined additional details on its collaboration with Ontario Tech University to develop Terravis Energy\u2019s NP (non-parasitic) hydrogen solutions.<\/p>\n

This initiative is part of a two-year, $2.3 million project funded equally by Worksport and the Canadian Government that will incorporate efforts and resources from Worksport, Terravis Energy, an OTU research team led by Dr. Sheldon Williamson, and the Canadian government. The collaboration will include R&D teams of professors, PhD candidates, and post-Doctoral fellowships in a collective effort to bring groundbreaking, grid-independent, green energy solutions to market. The teams will also have full access to the unique, world-renowned Ontario Tech-Automotive Center of Excellence (ACE), the first commercial automotive research, development, and innovation center of its kind in the world. The facility includes a comprehensive array of testing equipment – including one of the largest and most sophisticated climatic wind tunnels on the planet. The OTU-ACE climatic wind tunnel is a place where world-class researchers and engineers collaborate to create, test, and validate paradigm-shifting innovations. General Motors, for example, used the OTU-ACE\u2019s climatic wind tunnel to test its Hummer EV.<\/p>\n

Dr. Williamson is a professor at Ontario Tech University and holds the NSERC Canada Research Chair position in Electric Energy Storage Systems for Transportation Electrification. \u201cThis project has initiated the development for the next generation of high-power, sustainable, and non-parasitic (grid-independent) solutions,\u201d said Williamson. \u201cWe expect there will be enormous demand in the markets for electrified transportation and power infrastructure within Canada and across North America, especially in grid-constrained locations. Ontario Tech University is very excited to join hands with Worksport Ltd. in this collaborative R&D effort, which will help identify current research challenges, and lead to the development of world-class innovative solutions.\u201d<\/p>\n

The Company\u2019s research with Ontario Tech University thus far has uncovered what Company management believes will be new, lucrative paths to clean energy adoption by the market, possibly paving the way for additional backing from the Canadian Government. Among the many breakthroughs that have come from this collaboration to date is the system\u2019s charging rate enhancement modularity. This development enables increased charging capabilities as battery technologies evolve, and it represents a significant milestone in Terravis Energy\u2019s positioning as an industry innovator.<\/p>\n

Terravis Energy, Inc. President & CEO Lorenzo Rossi comments, \u201cWe believe our process for integrating and utilizing Hydrogen fuel cells into NP (non-parasitic) systems will demonstrably shift consumer mindsets to adopt our grid-independent clean energy solutions over systems that aren\u2019t as environmentally friendly. We\u2019re believe that our full access to the OTU-ACE and our collaboration with the incredible minds from the University will allow us to demonstrate our first iteration of fast charger prototypes sometime in 2022.\u201d<\/p>\n

In addition to use of the OUT-ACE, the research teams will have access to cutting-edge facilities and research equipment in the Advanced Storage Systems and Electric Transportation (ASSET) lab, which boasts equipment such as battery pack and cell simulators, programmable loads, regenerative grid simulators, and advanced thermal chambers. This specialized equipment is unique and available only to Prof. Williamson\u2019s lab.<\/p>\n

Lastly, the Company will also have access to the world-renowned Clean Energy Research Lab (CERL), a cutting-edge laboratory that pioneers in clean energy research \u2013 more specifically clean hydrogen production and fuel cell technology.<\/p>\n

\n About <\/strong>
\n Worksport<\/strong>
\n Ltd.<\/strong>\n <\/p>\n

Worksport Ltd. (Nasdaq: WKSP), through its subsidiaries, designs, develops, manufactures, and owns the IP on a variety of tonneau covers, solar integrations, and Hydrogen-based, NP (Non-Parasitic) true green energy solutions for the renewable, 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<\/u><\/a> or www.investworksport.com<\/a><\/p>\n

\n Connect with <\/strong>
\n Worksport<\/strong>
\n :\u00a0<\/strong>\n <\/p>\n

Please follow the company\u2019s social media accounts on Twitter<\/u><\/a>, Facebook<\/u><\/a>, Linkedin<\/u><\/a>, and Instagram<\/u><\/a>, as well as sign up for the company\u2019s newsletters at www.worksport.com<\/u><\/a> or www.investworksport.com<\/a><\/u>. Worksport Ltd. strives to provide frequent updates of its operations to its community of investors, clients, and customers to maintain the highest level of visibility.<\/p>\n

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\n Linkedin<\/u>
\n <\/a>\n <\/p>\n

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\n Facebook<\/u>
\n <\/a>\n <\/p>\n

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\n Twitter<\/u>
\n <\/a>\n <\/p>\n

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\n Instagram<\/u>
\n <\/a>\n <\/p>\n

\n For additional information, please contact:<\/strong>
\n
\n Steven Obadiah<\/strong>
\n
Business Development Manager
Worksport Ltd.
T: 1-(888) 506-2013
E:\u00a0investors@worksport.com<\/u><\/a>
W: www.investworksport.com<\/a><\/p>\n

\n
\n Forward-Looking<\/em>
\n <\/strong>
\n
\n Statements<\/em>
\n <\/strong>\n <\/p>\n

\n The information contained herein may contain “forward\u2010looking statements.” Forward\u2010looking statements reflect the current view about future events. When used in this press release, the words “anticipate,” “believe,” “estimate,” “expect,” “future,” “intend,” “plan,” or the negative of these terms and similar expressions, as they relate to us or our management, identify forward\u2010looking statements. Such statements include, but are not limited to, statements contained in this press release relating to the view of management of the Company concerning its business strategy, an up listing to a national exchange, future operating results and liquidity and capital resources outlook. Forward\u2010looking statements are based on the Company’s current expectations and assumptions regarding its business, 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. The Company’s actual results may differ materially from those contemplated by the forward\u2010looking statements. They are neither statements of historical fact nor guarantees of assurance of future performance. We caution you therefore against relying on any of these forward\u2010looking statements. Factors or events that could cause the Company’s actual results to differ may emerge from time to time, and it is not possible for the Company to predict <\/em>
\n all of them. The Company cannot guarantee future results, levels of activity, performance, or achievements. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward\u2010looking statements to conform these statements to actual results. No Stock Exchange or Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.<\/em>\n <\/p>\n<\/p>\n

\n Attachments<\/strong>\n <\/p>\n