{"id":784801,"date":"2023-09-19T07:28:58","date_gmt":"2023-09-19T11:28:58","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/worksport-signs-long-term-agreement-with-customer-for-us-factory-product-and-expects-us16000000-in-annual-sales-marking-significant-growth-and-demand-at-ny-factory\/"},"modified":"2023-09-19T07:28:58","modified_gmt":"2023-09-19T11:28:58","slug":"worksport-signs-long-term-agreement-with-customer-for-us-factory-product-and-expects-us16000000-in-annual-sales-marking-significant-growth-and-demand-at-ny-factory","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/worksport-signs-long-term-agreement-with-customer-for-us-factory-product-and-expects-us16000000-in-annual-sales-marking-significant-growth-and-demand-at-ny-factory\/","title":{"rendered":"Worksport Signs Long Term Agreement with Customer for US Factory Product and Expects US$16,000,000 in Annual Sales, Marking Significant Growth and Demand at NY Factory."},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">West Seneca, N.Y., Sept.  19, 2023  (GLOBE NEWSWIRE) &#8212; Worksport Ltd. (\u201cWorksport\u201d or the \u201cCompany\u201d) (Nasdaq: WKSP; WKSPW) announces it has secured a long-term supply agreement with an established, leading automotive aftermarket reseller in the U.S. Under this agreement,  Worksport is on track to earn an estimated $16,000,000 USD in annual sales of its advanced hard-folding and soft-folding covers, from this single customer. While estimated sales of $16 Million USD are based on the customer\u2019s forecast on an annualized basis, this estimate does not include the customer\u2019s expectations of year-over-year growth in sales. The agreement resulted <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=GDZDA5QGATne0q4rbjossphdaegSiHbQkNY6hWSqp0ofadaE3YAvv6nQ4HruoJsSUOW0Wr0WmBZl63D7hZ-2nC-pAMxa9dpaEohEuFvlwTZFYitydqh_qH3bJf6waBb8WVjZmbsAeP3thXFNMF518t_dtUE8kKbhDCyKpy10pVj6BmnqnAUtuv8gKOCMM806ZHhKc7jCvATIsnXN-b1l5xyYfbmvC2k5E6-nBvnYu5Cs8u6_wswUcVV9-t_7z4Gmtsane61-QeWWWFnzIHAL9-vx_o0dNu59Jwv67TYDyEqzzoeRI-XDPnxe3bhKatL49tjA8hYmPQEA5ZJo8RS6AA==\" rel=\"nofollow noopener\" target=\"_blank\">from samples that were provided to and approved by this customer previously<\/a>. This significant step follows the recent start of manufacturing at Worksport\u2019s Western New York-based facility after receiving a <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=9ue7Pl-IMV7Y1Zit97DKyEr_v4qiwLgC4nx4pkyakURs5TnXcvFgoc2_h54YceQnKFsErhgel7I3E1MUWwDi10QSVZJ-5rA4TVjQBH7GkXfC00D5yb8Kog3qrz3kGY1qQ4FVkMZSp4Hfm4cNZM7_TEvSj96CD4X8j-Z4HdiXKbfUmzGuYVkvnkEAud8Keng_R5pSdhFy7d89wkyNFqXiRWuemarzgWLDUD9nZsggz3XDrXtm1uNljTu66U00jOLiqau9NQhedMeE1akXangXe4MgqT1nPj6FvGO2F1hueng=\" rel=\"nofollow noopener\" target=\"_blank\">robust $1.6 million order<\/a> for its hard-folding covers and an <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ZWAuQ20-TOcNXgl4QPZGVepcAHhgo9r1YTHqBTC2_F_usbFilXQuC6hCktofR0tVKuKIEFPwBzzO33w022jgSng91IX0dekaRZuc1t-liEvvWPUpBq8uXvBSM4T2j4T4w4KotAHGqjA5XE4rwBHcTv_-l-Nv0RYp1tUDO3yWRUizYk5-IOBQHe6k4W3mRxkGURYMTQYXWMvGnIvprNvqwzfxQQi5q8CvT-R2_v4s2ew3iqIi3ZeuUPZvtpGm5ZmYb77Qq6H_Vokx2aKxmH4DX8NQM3fVbWP0XPI8AB8PtlMcDrWlh2rctH6CfHUMtqvD\" rel=\"nofollow noopener\" target=\"_blank\">additional $720,000 order<\/a> for the soft-folding versions, both from the same customer.<\/p>\n<p align=\"justify\">Aligned with this positive momentum and increase in demand, Worksport has outlined its strategic intentions to expand its manufacturing capabilities. The Company has <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=6pvep7yhS-EVnXWRxzG5y5kxIfnBYwCJqvBdFWdluXP1Bl0utbbH6j1LGmksV_TU-O4Sdi3JcCWgM4ABSeNDNgy6Dvtc1xIZ3uUHpsgNqlWWoPPyaJHa_dgNY5exDpA4jo7z78QR23GHBgSX1RhJZkH3LY7BGBjXe-E-0p3tcHuNpOzlQJS_LWnLsEJW_c8XDoQtQvFSmkmYvND7YMpl1tf9GY8yAB6MyDBLoP1Qnuui5656hSiCHBhDkTQqj-3TsAt3jPaTo6v8MBXgRAQzkK1nAv2YiEF5k3_qBkelChY=\" rel=\"nofollow noopener\" target=\"_blank\">announced initiatives to adopt robotics and automation in its processes<\/a>, with plans to expand assembly lines from one to a formidable four.<\/p>\n<p align=\"justify\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ru2rMUU2Mwa4aX8q6s3gALwe4_UZWUsPB1uMtZVD9U1ZQm3zn59dXLiFyQXzAjjaIK7_nQfKx21joBvTLmCIFRp3ONTV_YFMdbDJfGioivY6W5qPzImKy4gW9nUlX2OAY6ZMw_VattJFnF8ZnFc5pg==\" rel=\"nofollow noopener\" target=\"_blank\">Steven Rossi, CEO of Worksport<\/a>, expressed with conviction, \u201cOur eyes are set on growth, cash flow positivity, and earnings in the very near future, along with getting our high-quality product into the hands of pickup truck owners.\u201d<\/p>\n<p align=\"justify\">Strengthening the Company\u2019s position as cleantech innovators, Worksport is preparing to introduce the SOLIS solar cover, integrated with its pioneering COR battery system. Following the Company\u2019s collaboration with Hyundai, numerous automotive manufacturers have expressed interest in the SOLIS cover, with discussions advancing currently.<\/p>\n<p align=\"justify\">Rossi further states, \u201cOur journey, from enhancing our manufacturing capabilities to rolling out innovative products like the SOLIS solar cover and COR battery system, highlights the substantial strides we&#8217;ve taken. We&#8217;re optimistic about what the future holds.\u201d<\/p>\n<p>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=4d1_KKoUMOUCgKVoDSx3_YX0WfmmQZKwkWf41WCf9zY_JGq8_biZgwx1KBidmJnrS0pG-ABOj8SMpv34HIsflcXga5A3aQc5Rndbi5lWzqn6Px8BmXGdBsPSlYg3O8NP8oWithi9y6n-4fPLPuSdRtzZtgke2PJ-QlZWat4FqHga8jKzfv6fpwNZjPqB5rBWPJWFvC6v99CfZWIL1qexIO_xsXdEFxtoWIM_BQ763RI=\" rel=\"nofollow noopener\" target=\"_blank\">For further information, please visit Worksport\u2019s official website for investors at\u00a0investors.worksport.com.<\/a>\n      <\/p>\n<p>\n        <strong>About\u00a0Worksport<\/strong>\n      <\/p>\n<p align=\"justify\">Worksport Ltd.\u00a0(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.\u00a0Worksport 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.\u00a0For more information, please visit\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Q8T_FiHKm5AKBqSshCHwUPRuemR39KFFlYA47iYlJv5TtpBkoWNuMasJIWQtoP1oFOSU7OFf-3Mo6ruWBCSf_fmItcjA9CKdr05qi_Od2g8=\" rel=\"nofollow noopener\" target=\"_blank\">investors.worksport.com<\/a><u>.<\/u><\/p>\n<p>\n        <strong>Connect with\u00a0Worksport<\/strong>\n      <\/p>\n<p align=\"justify\">Please follow the Company\u2019s social media accounts on <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=OCiTes-Fmx1DYSN0dMrPhVX88KDBCH47YzVF_OzAPmhxTXIgBnGHvQvHP_QW0hkalqb3ytwJmJyhyr3ZOYEmyG-pjKddJkhrTU41G2ELqXBecZB-2WIpuy5kfJ2cPIDnBNbgkvyIUi2fD6xrV0GwIqBqq9TJaiPI6u2T8lDplfFPlHN0DlEeNgHIIHSATCN-DYa3HPhUrkubSNPZdSER6G97meB2V4Qcz3q-6rS4CXA=\" rel=\"nofollow noopener\" target=\"_blank\">Twitter<\/a>, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=mXsf5UfnMehVzd1eiw8XpKuBRCBFxWd_hHlVt4sq4tFrTPmIZcD6CLLKeX47Cf-u1e_8YomUVbgUcat7MsNJPB8M9oBC5dDS4-65ZxgcFmArl91pYAsHm7fJ51XT0rvdV5l35C4eBCEmcOdZFy0iLzSaYHzjdb74zT3V4_LA_zlY1BfDqMNbas4G9CRMPcmYS4xnK9Zc9Gr-IAlioAOqTxdXvO2npXR3C1GtYZqrNvtqvyUPWClYADBid1U48L0_\" rel=\"nofollow noopener\" target=\"_blank\">Facebook<\/a>, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=8nG0i7fVjyBPcXuZVsuJvwmpMkKAq8zT1_wxaUX6dl_89mA1MAPdVqoWWoyEWbQqIsjhWShOpzDlCZH33rxcMzvGZKonB4h836HnpDVOjgYADBu9Dx6SvRX5w8V1y0T31tzQqGWK1wzNx_p7T9ZiDfE7ZF63l1XE7gWMnzM05lsPU7JuQ9hIW5pt9uy_wvfirNQuFih5nZx9ghTTtXB6PK5E0xedJQOvmXuYgUcCKnIZT3okCxzCTk80oS6Qp5DQ\" rel=\"nofollow noopener\" target=\"_blank\">LinkedIn<\/a>, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=KT3qR2207Ngeuk9TFS5kxPGVWNoZnHy6iltFY2gghHmNpDkzuj0IKbstN7KAG5fbBNi3233bvDhbE88TIEiOjMz-9_EjLOD-Q0VMCxBsgeup6x6sg0pFrcWENsuMk4KxzzyXduDkc1D1HinOiWR66IycVmFgCAsxCDolxt-U8VWmUMmoViSnJQ6KpJ7aMJmQ8hzYpichX8vP4Krv2xqEzazzR6zllRSFC-qkkVgDkjPGWcJQ5sgdget7gF7aGwCL\" rel=\"nofollow noopener\" target=\"_blank\">YouTube<\/a>, and <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=tnHqt14ZdEozsxRYD40dUy7Bij7TBfDmXoGvxxpnbgjWtRiyjimNWHpOwcBHFk42e43FDOQAz8iCZCfLqq8Huwna2amJlW7XwamY_g1oBnXU3v20vlC5U_Gjc3F3z9-151YmeukJWu7kiAGeaGxB4lbEKJpiM9mOt1lDwXcn8celVKk45ygiWNwWKBAnMEvJKmVo8HGAW5JGRBc_imoizR9o3xrqkC1NJ_xrhC7Ioy_RgeQjq3RYzRJzQAHct3YO\" rel=\"nofollow noopener\" target=\"_blank\">Instagram<\/a> (collectively, the \u201cAccounts\u201d), the links of which are links to external third party websites, as well as sign up for the Company\u2019s newsletters at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Q8T_FiHKm5AKBqSshCHwUPRuemR39KFFlYA47iYlJv57qFMpNTBTh0n87Rk1WIqLJtuRQ4eKazNz7CYUbXd8E7N-wjl73e6XzYYZ0tJbGQM=\" rel=\"nofollow noopener\" target=\"_blank\">investors.worksport.com<\/a>. The Company does not endorse, ensure the accuracy of, or accept any responsibility for any content on these third party websites other than content published by the Company.<\/p>\n<p align=\"justify\">Worksport 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<p>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=8nG0i7fVjyBPcXuZVsuJv3oKPjH_fG-up2vwAUmAPvZOER8napQXJe7N19iA0xgIXtRycvDf2RvpbfZ3Tbc8yO8DqbRy86amNWwUJGes_IZwVGVDykzZdkHzCcC4y85oVxDp8Z1Hh03DM_A5r4Ufdd0-BhLjJdk7HgK3YqFZr6OhRCXYYObp9GepT2BFOLkUqvWAK9mxeaVQDYbXn27AXPtNQWJFDTwok3LdL7BBtMSksJE0NgkvZGhTaVUAD_gx\" rel=\"nofollow noopener\" target=\"_blank\">LinkedIn<\/a>\n      <\/p>\n<p>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=mXsf5UfnMehVzd1eiw8XpE97wZrvB47xbtlifYD4sCiPCPB1RM6hkohuwm1l3WVyaYXhfjvUY54zAgfuNymxc-BWLAqO7P9dVPlLdNzAxhHdVGLL4oty8DfX_LpoFNILwaGHYTxxObHNV1PlZof7JJ3bT02wqrPJZkDa9g_w38GY9KQTiXnQ-024wNpdVXjg4L2bkvrTbWnDLeNDom0Ix1tOnX4FpwyLjeZmjz9P2nh7dNrRcanturyITNBgLlbF\" rel=\"nofollow noopener\" target=\"_blank\">Facebook<\/a>\n      <\/p>\n<p>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=OCiTes-Fmx1DYSN0dMrPhY-j3dwrex96fNtyYnEkKjznCXSyCDad2K8jIRXd44NVNEVrOrt0ohXutE9nE5BicWUpqKX6I4CrIJLEHmkgRmzrhA1d-OSfsSwmYvf4w6Ef2HCxsyXfBXd9pGeIC4St65uVml9Cv0SnakEQ9EXV7nmcA-2uKAERyqLZM-rCouYa6eWMFs2zqRw8QgQ-bsYPFnqKBjQ21rRSRv5qnMmwuCU=\" rel=\"nofollow noopener\" target=\"_blank\">Twitter<\/a>\n      <\/p>\n<p>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=tnHqt14ZdEozsxRYD40dU2Tu_h0dyimEZDRNlhrT16BQ4ZUX6euWHTJylOwZcPdc4Q69IA_I0m0vA3SfQrpY7Hiz43FCtZmr6VmxM7o3QsxlwGhdFj6XwFR2PabpLGB65G14RuqDq6q7OYD8cQ_876ssF8PcbttSJ_R54cyhP8BuyqbglKxFYdLXZ_IxGo2fwrGLjWdVtrE-ZLxyLWS-JwzoJOfNqsDeQQqvuA_RWHCVCfkUKVwjfhcgEDSTzf5R\" rel=\"nofollow noopener\" target=\"_blank\">Instagram<\/a>\n      <\/p>\n<p>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=KT3qR2207Ngeuk9TFS5kxNXJ-iec7nVKlSwK5M2__j4w98KrxDRwnrXNatXZJULlmy6aq0IRrHbefukkufZgyAY4Iq0Muo_gYDSvPEeFLO2zZkZ2qlEUayPzpXhLtO6u-DcXP1E-fCVsD0FSvBlEfvt4aAB9csHKMPIfuGNSgg--GGnltIm4PXDkrAaGDyzPuof5Zc7axTjLiP4-Z-T4aGs5tXo7YHs4XLA8YQrGhOa51s-jrdSKKp1QbXWhY1iU\" rel=\"nofollow noopener\" target=\"_blank\">YouTube<\/a>\n      <\/p>\n<p align=\"justify\">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 (\u201cSEC\u201d) 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.<\/p>\n<p align=\"justify\">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.<\/p>\n<p>For additional information, please contact:<\/p>\n<p>Steven Obadiah<\/p>\n<p>Investor Relations<\/p>\n<p>Worksport Ltd.<\/p>\n<p>\n        <strong>T:<\/strong>\u00a01 (888) 554 8789 <strong>E:<\/strong>\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Q8T_FiHKm5AKBqSshCHwUC46QU0eHK_nFyJNdlW6fG2BP6ke3OsLx7G_6eS8UhZg20RNFXC58i9mYcSCMcWcK9GMV-csv1t3ThblhNA3dtU=\" rel=\"nofollow noopener\" target=\"_blank\">investors@worksport.com<\/a><strong>W:<\/strong>\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ijScNeTdOTgeaWjp64gW2GJD-EnhnNQOC4NUz2ugSAKM3nYPP0-Q-MjJQbrzfWIjssCZQFouxcx-qD53esIWbF2fJrUmNE0AtyTMFiiDu_w=\" rel=\"nofollow noopener\" target=\"_blank\">www.worksport.com<\/a><\/p>\n<p>\n        <strong>Forward-Looking<\/strong><br \/>\n        <strong>Statements<\/strong>\n      <\/p>\n<p align=\"justify\">The information contained herein may contain \u201cforward\u2010looking statements.\u201d Forward\u2010looking statements reflect the current view about future events. When used in this press release, the words \u201canticipate,\u201d \u201cbelieve,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cfuture,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cproject,\u201d or the negative of these terms and similar expressions, as they relate to us or our management, identify forward\u2010looking 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: (i) supply chain delays; (ii) acceptance of our products by consumers; (iii) delays in or nonacceptance by third parties to sell our products; and (iv) 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\u00a0SEC, including, without limitation, 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<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=gdOP1MOoKkghFPO6xV4Gz-OswFhE1k7GjFj_Qe23L-xUlzBAXOzbwAls3WGXf87vuEwXqwN0KU6hraAXVX-gPg==\" rel=\"nofollow noopener\" target=\"_blank\">www.sec.gov<\/a>. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, the Company\u2019s 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.<\/p>\n<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkyNDEzMyM1ODIwMDMxIzUwMDA0OTkxNA==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/Yjk1MDVkYjAtOTg5NC00ZWI5LTllNGQtMzg0N2Y0MGY5MDkyLTUwMDA0OTkxNA==\/tiny\/Worksport-Ltd.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>West Seneca, N.Y., Sept. 19, 2023 (GLOBE NEWSWIRE) &#8212; Worksport Ltd. (\u201cWorksport\u201d or the \u201cCompany\u201d) (Nasdaq: WKSP; WKSPW) announces it has secured a long-term supply agreement with an established, leading automotive aftermarket reseller in the U.S. Under this agreement, Worksport is on track to earn an estimated $16,000,000 USD in annual sales of its advanced hard-folding and soft-folding covers, from this single customer. While estimated sales of $16 Million USD are based on the customer\u2019s forecast on an annualized basis, this estimate does not include the customer\u2019s expectations of year-over-year growth in sales. The agreement resulted from samples that were provided to and approved by this customer previously. This significant step follows the recent start of manufacturing at Worksport\u2019s Western &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/worksport-signs-long-term-agreement-with-customer-for-us-factory-product-and-expects-us16000000-in-annual-sales-marking-significant-growth-and-demand-at-ny-factory\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Worksport Signs Long Term Agreement with Customer for US Factory Product and Expects US$16,000,000 in Annual Sales, Marking Significant Growth and Demand at NY Factory.&#8221;<\/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-784801","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Worksport Signs Long Term Agreement with Customer for US Factory Product and Expects US$16,000,000 in Annual Sales, Marking Significant Growth and Demand at NY Factory. - 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-signs-long-term-agreement-with-customer-for-us-factory-product-and-expects-us16000000-in-annual-sales-marking-significant-growth-and-demand-at-ny-factory\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Worksport Signs Long Term Agreement with Customer for US Factory Product and Expects US$16,000,000 in Annual Sales, Marking Significant Growth and Demand at NY Factory. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"West Seneca, N.Y., Sept. 19, 2023 (GLOBE NEWSWIRE) &#8212; Worksport Ltd. (\u201cWorksport\u201d or the \u201cCompany\u201d) (Nasdaq: WKSP; WKSPW) announces it has secured a long-term supply agreement with an established, leading automotive aftermarket reseller in the U.S. Under this agreement, Worksport is on track to earn an estimated $16,000,000 USD in annual sales of its advanced hard-folding and soft-folding covers, from this single customer. While estimated sales of $16 Million USD are based on the customer\u2019s forecast on an annualized basis, this estimate does not include the customer\u2019s expectations of year-over-year growth in sales. The agreement resulted from samples that were provided to and approved by this customer previously. This significant step follows the recent start of manufacturing at Worksport\u2019s Western &hellip; Continue reading &quot;Worksport Signs Long Term Agreement with Customer for US Factory Product and Expects US$16,000,000 in Annual Sales, Marking Significant Growth and Demand at NY Factory.&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/worksport-signs-long-term-agreement-with-customer-for-us-factory-product-and-expects-us16000000-in-annual-sales-marking-significant-growth-and-demand-at-ny-factory\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-19T11:28:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkyNDEzMyM1ODIwMDMxIzUwMDA0OTkxNA==\" \/>\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=\"5 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-signs-long-term-agreement-with-customer-for-us-factory-product-and-expects-us16000000-in-annual-sales-marking-significant-growth-and-demand-at-ny-factory\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/worksport-signs-long-term-agreement-with-customer-for-us-factory-product-and-expects-us16000000-in-annual-sales-marking-significant-growth-and-demand-at-ny-factory\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Worksport Signs Long Term Agreement with Customer for US Factory Product and Expects US$16,000,000 in Annual Sales, Marking Significant Growth and Demand at NY Factory.\",\"datePublished\":\"2023-09-19T11:28:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/worksport-signs-long-term-agreement-with-customer-for-us-factory-product-and-expects-us16000000-in-annual-sales-marking-significant-growth-and-demand-at-ny-factory\\\/\"},\"wordCount\":1050,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/worksport-signs-long-term-agreement-with-customer-for-us-factory-product-and-expects-us16000000-in-annual-sales-marking-significant-growth-and-demand-at-ny-factory\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODkyNDEzMyM1ODIwMDMxIzUwMDA0OTkxNA==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/worksport-signs-long-term-agreement-with-customer-for-us-factory-product-and-expects-us16000000-in-annual-sales-marking-significant-growth-and-demand-at-ny-factory\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/worksport-signs-long-term-agreement-with-customer-for-us-factory-product-and-expects-us16000000-in-annual-sales-marking-significant-growth-and-demand-at-ny-factory\\\/\",\"name\":\"Worksport Signs Long Term Agreement with Customer for US Factory Product and Expects US$16,000,000 in Annual Sales, Marking Significant Growth and Demand at NY Factory. - 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