{"id":771259,"date":"2023-07-20T10:28:17","date_gmt":"2023-07-20T14:28:17","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/worksport-achieves-milestone-with-first-assembly-line-completion-production-scheduled-to-commence-in-just-three-weeks\/"},"modified":"2023-07-20T10:28:17","modified_gmt":"2023-07-20T14:28:17","slug":"worksport-achieves-milestone-with-first-assembly-line-completion-production-scheduled-to-commence-in-just-three-weeks","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/worksport-achieves-milestone-with-first-assembly-line-completion-production-scheduled-to-commence-in-just-three-weeks\/","title":{"rendered":"Worksport Achieves Milestone with First Assembly Line Completion, Production Scheduled to Commence in Just Three Weeks"},"content":{"rendered":"
\n

\n West Seneca, New York, United States, July 20, 2023 (GLOBE NEWSWIRE) — <\/em>Worksport Ltd. (NASDAQ: WKSP; WKSPW) is pleased to announce an eagerly awaited update on its operational developments. With its first assembly line now completed and primed for action, the Company is on track to start production in just three weeks.<\/p>\n

This remarkable feat paves the way for the eventual completion of a total of five assembly lines. With each successive line, the Company is poised to increase its capacity, reinforcing its market position and readiness to meet escalating demand.<\/p>\n

CEO Steven Rossi reflects on this pivotal moment, stating, “It took us some time to set up the initial assembly line, but moving forward, we anticipate subsequent lines to be ready more quickly. This accomplishment is a testament to our team’s dedication and the solid groundwork laid in our West Seneca, New York facility.”<\/p>\n

Building on the momentum from its previous announcement, Worksport’s forthcoming production start signifies a transformative phase in the Company’s evolution. The rapid operationalization of the first assembly line reinforces confidence in the investments and reaffirms the Company\u2019s trajectory toward solidifying its growth in the industry.<\/p>\n

The next three weeks are expected to be characterized by a hive of activity as skilled personnel recently onboarded through the Company\u2019s two successful job fairs, undergo their final phase of training. Their integration will further ensure the consistent delivery of high-quality, innovative products.<\/p>\n

Rossi further added, “The commencement of our first assembly line is more than just an operational update; it’s a reflection of Worksport’s unwavering commitment to quality, innovation, and growth. We are on the cusp of unlocking substantial value by shifting focus to revenue growth and offering our loyal customers even more exceptional products.”<\/p>\n

With four more assembly lines on the horizon, Worksport\u2019s investment in its state-of-the-art, 220,000 sq. ft. manufacturing facility in West Seneca, NY signifies a long-term commitment to driving revenue growth, optimizing production capabilities, and bolstering its market leadership.<\/p>\n

The Company invites investors and stakeholders to remain engaged and monitor this exciting phase in Worksport’s journey towards U.S. production and revenue growth.<\/p>\n

\n For further information, please visit Worksport\u2019s official website for investors at\u00a0investors.worksport.com.<\/a>\n <\/p>\n

\n About\u00a0Worksport\u00a0Ltd.<\/strong>
\n
Worksport Ltd.\u00a0(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.\u00a0Worksport Ltd.\u00a0seeks 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.\u00a0For more information, please visit\u00a0investors.worksport.com<\/a><\/p>\n

\n Connect with\u00a0Worksport:\u00a0<\/strong>
\n
Please follow the company\u2019s social media accounts on\u00a0Twitter<\/u><\/a>,\u00a0Facebook<\/u><\/a>,\u00a0Linkedin<\/u><\/a>,\u00a0YouTube<\/u><\/a>,\u00a0and\u00a0Instagram<\/u><\/a>, as well as sign up for the company\u2019s newsletters at investors.worksport.com<\/a>.\u00a0Worksport Ltd.\u00a0strives 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 For additional information, please contact:<\/strong>
\n
Steven Obadiah
Investor Relations
Worksport Ltd.
T:<\/strong>\u00a01 (888) 554 8789 E:<\/strong>\u00a0investors@worksport.com<\/a>W:<\/strong>\u00a0www.worksport.com<\/a><\/p>\n

\n
\n Forward-Looking<\/em>
\n <\/strong>
\n
\n Statements<\/em>
\n <\/strong>
\n
\n The information contained herein may contain “forward<\/em>
\n \u2010<\/em>
\n looking statements.” Forward<\/em>
\n \u2010<\/em>
\n looking statements reflect the current view about future events. When used in this press release, the words “anticipate,” “believe,” “estimate,” “expect,” “future,” “intend,” “plan,” \u201cproject,\u201d or the negative of these terms and similar expressions, as they relate to us or our management, identify forward<\/em>
\n \u2010<\/em>
\n looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs,\u00a0expectations\u00a0and 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.\u00a0More 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\u00a0Securities and Exchange Commission\u00a0(SEC), including our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC\u2019s web site at\u00a0<\/em>
\n
\n www.<\/em>
\n s<\/em>
\n ec.gov<\/em>
\n <\/a>
\n . 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 .<\/em>\n <\/p>\n<\/p>\n


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

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

West Seneca, New York, United States, July 20, 2023 (GLOBE NEWSWIRE) — Worksport Ltd. (NASDAQ: WKSP; WKSPW) is pleased to announce an eagerly awaited update on its operational developments. With its first assembly line now completed and primed for action, the Company is on track to start production in just three weeks. This remarkable feat paves the way for the eventual completion of a total of five assembly lines. With each successive line, the Company is poised to increase its capacity, reinforcing its market position and readiness to meet escalating demand. CEO Steven Rossi reflects on this pivotal moment, stating, “It took us some time to set up the initial assembly line, but moving forward, we anticipate subsequent lines to … <\/p>\n

Continue reading “Worksport Achieves Milestone with First Assembly Line Completion, Production Scheduled to Commence in Just Three Weeks”<\/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-771259","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nWorksport Achieves Milestone with First Assembly Line Completion, Production Scheduled to Commence in Just Three Weeks - 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-achieves-milestone-with-first-assembly-line-completion-production-scheduled-to-commence-in-just-three-weeks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Worksport Achieves Milestone with First Assembly Line Completion, Production Scheduled to Commence in Just Three Weeks - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"West Seneca, New York, United States, July 20, 2023 (GLOBE NEWSWIRE) — Worksport Ltd. (NASDAQ: WKSP; WKSPW) is pleased to announce an eagerly awaited update on its operational developments. With its first assembly line now completed and primed for action, the Company is on track to start production in just three weeks. This remarkable feat paves the way for the eventual completion of a total of five assembly lines. With each successive line, the Company is poised to increase its capacity, reinforcing its market position and readiness to meet escalating demand. CEO Steven Rossi reflects on this pivotal moment, stating, “It took us some time to set up the initial assembly line, but moving forward, we anticipate subsequent lines to … Continue reading "Worksport Achieves Milestone with First Assembly Line Completion, Production Scheduled to Commence in Just Three Weeks"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/worksport-achieves-milestone-with-first-assembly-line-completion-production-scheduled-to-commence-in-just-three-weeks\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-20T14:28:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODg3NzUyMSM1NzAwMzk4IzUwMDA0OTkxNA==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/worksport-achieves-milestone-with-first-assembly-line-completion-production-scheduled-to-commence-in-just-three-weeks\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/worksport-achieves-milestone-with-first-assembly-line-completion-production-scheduled-to-commence-in-just-three-weeks\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Worksport Achieves Milestone with First Assembly Line Completion, Production Scheduled to Commence in Just Three Weeks\",\"datePublished\":\"2023-07-20T14:28:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/worksport-achieves-milestone-with-first-assembly-line-completion-production-scheduled-to-commence-in-just-three-weeks\\\/\"},\"wordCount\":907,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/worksport-achieves-milestone-with-first-assembly-line-completion-production-scheduled-to-commence-in-just-three-weeks\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODg3NzUyMSM1NzAwMzk4IzUwMDA0OTkxNA==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/worksport-achieves-milestone-with-first-assembly-line-completion-production-scheduled-to-commence-in-just-three-weeks\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/worksport-achieves-milestone-with-first-assembly-line-completion-production-scheduled-to-commence-in-just-three-weeks\\\/\",\"name\":\"Worksport Achieves Milestone with First Assembly Line Completion, Production Scheduled to Commence in Just Three Weeks - 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(NASDAQ: WKSP; WKSPW) is pleased to announce an eagerly awaited update on its operational developments. With its first assembly line now completed and primed for action, the Company is on track to start production in just three weeks. This remarkable feat paves the way for the eventual completion of a total of five assembly lines. With each successive line, the Company is poised to increase its capacity, reinforcing its market position and readiness to meet escalating demand. CEO Steven Rossi reflects on this pivotal moment, stating, “It took us some time to set up the initial assembly line, but moving forward, we anticipate subsequent lines to … Continue reading \"Worksport Achieves Milestone with First Assembly Line Completion, Production Scheduled to Commence in Just Three Weeks\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/worksport-achieves-milestone-with-first-assembly-line-completion-production-scheduled-to-commence-in-just-three-weeks\/","og_site_name":"Market Newsdesk","article_published_time":"2023-07-20T14:28:17+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODg3NzUyMSM1NzAwMzk4IzUwMDA0OTkxNA==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/worksport-achieves-milestone-with-first-assembly-line-completion-production-scheduled-to-commence-in-just-three-weeks\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/worksport-achieves-milestone-with-first-assembly-line-completion-production-scheduled-to-commence-in-just-three-weeks\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Worksport Achieves Milestone with First Assembly Line Completion, Production Scheduled to Commence in Just Three Weeks","datePublished":"2023-07-20T14:28:17+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/worksport-achieves-milestone-with-first-assembly-line-completion-production-scheduled-to-commence-in-just-three-weeks\/"},"wordCount":907,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/worksport-achieves-milestone-with-first-assembly-line-completion-production-scheduled-to-commence-in-just-three-weeks\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODg3NzUyMSM1NzAwMzk4IzUwMDA0OTkxNA==","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/worksport-achieves-milestone-with-first-assembly-line-completion-production-scheduled-to-commence-in-just-three-weeks\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/worksport-achieves-milestone-with-first-assembly-line-completion-production-scheduled-to-commence-in-just-three-weeks\/","name":"Worksport Achieves Milestone with First Assembly Line Completion, Production Scheduled to Commence in Just Three Weeks - 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