{"id":725784,"date":"2023-01-25T10:55:06","date_gmt":"2023-01-25T15:55:06","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/worksport-ltd-to-increase-intellectual-property-protection-with-hiring-of-in-house-counsel\/"},"modified":"2023-01-25T10:55:06","modified_gmt":"2023-01-25T15:55:06","slug":"worksport-ltd-to-increase-intellectual-property-protection-with-hiring-of-in-house-counsel","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/worksport-ltd-to-increase-intellectual-property-protection-with-hiring-of-in-house-counsel\/","title":{"rendered":"Worksport Ltd. to Increase Intellectual Property Protection with Hiring of In-house Counsel"},"content":{"rendered":"
\n

Richmond Hill, Ontario, Canada, Jan. 25, 2023 (GLOBE NEWSWIRE) — Worksport Ltd. (Nasdaq: WKSP; WKSPW) (\u201cWorksport\u201d or the \u201cCompany\u201d), today announced that it has hired Mr. Nilay Choksi, the Company\u2019s first in-house intellectual property (IP) counsel, to provide investors with the highest level of protection for the Company\u2019s growing portfolio of intellectual property and proprietary technologies, which it considers amongst the Company’s most valuable assets. Choksi, a leading IP attorney, has supported domestic and international clients and portfolios for over a decade, protecting complex technologies and global brands through intellectual property.<\/p>\n

Most recently, Choksi was IP Counsel in the Personal Health division of Philips, where he was responsible for IP protection and enforcement related to grooming, beauty and mother and childcare technologies in the U.S., including Norelco- and Avent-branded products. He also led U.S. brand protection efforts for the broader Philips brand and product lines, including instituting additional anti-counterfeiting measures across e-commerce platforms and taking action criminally, administratively, and civilly. He holds a J.D. from Emory University (2011) and a Bachelor of Science from Xavier University (2008).<\/p>\n

\u201cWe are very honoured that an intellectual property counsel as experienced as Nilay Choksi has joined Worksport,” said Worksport CEO Steven Rossi. “We consider the Company\u2019s intellectual property to be a vital asset to protect the exclusivity of our technology, defend our path forward, and provide licensing potential. We look forward to having such a highly experienced attorney on our growing team. Nilay will make sure we control and protect our present and future proprietary intellectual property as our product portfolio expands significantly.”<\/p>\n

Rossi noted that the Company relies on a combination of \u201cpatents, trademarks, copyrights, and trade secrets,\u201d as well as confidentiality agreements and nondisclosure agreements, to establish and protect the Company\u2019s valuable intellectual property and other proprietary rights. \u201cOur current and future success depends in large part on our proprietary technology, the intellectual skills of our employees, and the ability of our employees to continue to innovate,\u201d Rossi said. “We hold innovation at the Company\u2019s core as a key factor in providing intelligent solutions in the automotive accessory aftermarket and the rapidly evolving and dynamic renewable energy space.\u201d<\/p>\n

Worksport owns domestic and foreign patents protecting the Company\u2019s current line of soft tonneau covers, including those related to latch assemblies, catch-and-release mechanisms, and attachment systems between tonneau cover frames and pickup truck beds. There is also a strong foundation that protects future products, including not-yet-published utility and design patent applications that are directed to the innovative structure and function of the Company\u2019s SOLIS solar-integrated and hard tonneau covers, COR battery systems, and EV charging stations.<\/p>\n

\u201cWe have also filed patent applications in adjacent technical areas that may have potential both for next-generation Worksport products and for revenue-generating, licensing opportunities,\u201d Rossi said. \u201cWith Nilay as our new experienced in-house IP counsel, we will be designing and implementing a global IP strategy, a strong and important step toward defending and enforcing Worksport IP, and harvesting more innovation and patentable subject matter from our engineers and leaders.\u201d<\/p>\n

The Company continues to carry out its stated mission of making a difference in the environment, with its pioneering products, ranging from its highly anticipated SOLIS (Solar) tonneau cover, COR mobile battery generator, with advanced hot swap technology, and its new lineup of hard folding light truck bed covers, all of which contain innovations in design, lean manufacturing, and sustainability.<\/p>\n

Worksport management hopes to update shareholders shortly on the outcome of recent inspections of its automated manufacturing lines. Inspections took in various locations throughout the European Location and have recently concluded, pending final approval.<\/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 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<\/a><\/u><\/p>\n

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

Please follow the company\u2019s social media accounts on Twitter<\/u><\/a>, Facebook<\/u><\/a>, Linkedin<\/u><\/a>, YouTube<\/u><\/a>, and Instagram<\/u><\/a>, as well as sign up for the company\u2019s newsletters at www.worksport.com<\/u><\/a>. 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

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

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

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

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

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

Steven Obadiah
Investor Relations
Worksport Ltd.<\/p>\n

\n T:<\/strong>\u00a01-(888) 506-2013
E:<\/strong>\u00a0investors@worksport.com<\/u><\/a>
W:<\/strong>\u00a0www.worksport.com<\/u><\/a><\/p>\n

\n
\n Forward-Looking Statements<\/em>
\n <\/strong>
\n 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,” “expect,” “future,” “intend,” “plan,” or the negative of these terms and similar expressions, as they relate to us or our management, identify <\/em>
\n forward-looking<\/em>
\n statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, <\/em>
\n expectations<\/em>
\n 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 condition 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: supply chain delays, acceptance of our products by consumers, delays in or nonacceptance by third parties to sell our products, 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\u2019s filings with the Securities and Exchange Commission (SEC), including our Annual Report on Form 10-K and our subsequent Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC\u2019s <\/em>
\n website<\/em>
\n at www.sec.gov. 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.<\/em>\n <\/p>\n<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Richmond Hill, Ontario, Canada, Jan. 25, 2023 (GLOBE NEWSWIRE) — Worksport Ltd. (Nasdaq: WKSP; WKSPW) (\u201cWorksport\u201d or the \u201cCompany\u201d), today announced that it has hired Mr. Nilay Choksi, the Company\u2019s first in-house intellectual property (IP) counsel, to provide investors with the highest level of protection for the Company\u2019s growing portfolio of intellectual property and proprietary technologies, which it considers amongst the Company’s most valuable assets. Choksi, a leading IP attorney, has supported domestic and international clients and portfolios for over a decade, protecting complex technologies and global brands through intellectual property. Most recently, Choksi was IP Counsel in the Personal Health division of Philips, where he was responsible for IP protection and enforcement related to grooming, beauty and mother and … <\/p>\n

Continue reading “Worksport Ltd. to Increase Intellectual Property Protection with Hiring of In-house Counsel”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-725784","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nWorksport Ltd. to Increase Intellectual Property Protection with Hiring of In-house Counsel - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/worksport-ltd-to-increase-intellectual-property-protection-with-hiring-of-in-house-counsel\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Worksport Ltd. to Increase Intellectual Property Protection with Hiring of In-house Counsel - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Richmond Hill, Ontario, Canada, Jan. 25, 2023 (GLOBE NEWSWIRE) — Worksport Ltd. (Nasdaq: WKSP; WKSPW) (\u201cWorksport\u201d or the \u201cCompany\u201d), today announced that it has hired Mr. Nilay Choksi, the Company\u2019s first in-house intellectual property (IP) counsel, to provide investors with the highest level of protection for the Company\u2019s growing portfolio of intellectual property and proprietary technologies, which it considers amongst the Company’s most valuable assets. Choksi, a leading IP attorney, has supported domestic and international clients and portfolios for over a decade, protecting complex technologies and global brands through intellectual property. 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