Worksport Ltd., through its subsidiary, designs, manufactures, and distributes truck tonneau covers in Canada and the United States. The company offers soft cover (SC) and tough cover (TC) tonneau covers, including SC3, a tri-fold cover that seals around the truck bed with a rubber gasket designed to protect cargo from moisture and debris; SC3pro that allows the operator to open the cover by pulling a release cable; and TC3, a thick aluminum tri-cover panel with a honey-comb core coated in a durable black scratch-resistant powder coating. It is also developing TerraVis, a solar cover tonneau cover that gives rechargeable portable power to pickup truck owners. The company distributes its products through wholesalers and online retail channels. It serves private labels and original equipment manufacturers. Worksport Ltd. has a collaboration agreement with Greatcell Energy Pty Ltd. The company was formerly known as Franchise Holdings International, Inc. and changed its name to Worksport Ltd. in May 2020. Worksport Ltd. is based in Vaughan, Canada.
IPO Year:
Exchange: NASDAQ
Website: worksport.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/29/2021 | $8.00 | Buy | Maxim Group |
Maxim Group initiated coverage of Worksport with a rating of Buy and set a new price target of $8.00
8-K - Worksport Ltd (0001096275) (Filer)
8-K - Worksport Ltd (0001096275) (Filer)
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8-K - Worksport Ltd (0001096275) (Filer)
8-K - Worksport Ltd (0001096275) (Filer)
8-K - Worksport Ltd (0001096275) (Filer)
8-K - Worksport Ltd (0001096275) (Filer)
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HOUSTON, Feb. 13, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE:KULR) (the "Company" or "KULR"), a leader in advanced energy management platforms, and Worksport Ltd. (NASDAQ:WKSP), a pioneer in solar-integrated tonneau covers and portable energy storage, have announced a strategic partnership focused on advancing battery technology and strengthening domestic manufacturing. The collaboration centers on three key areas: joint battery pack development, thermal runaway protection, and AI-integrated battery management system (BMS) software design. Key Areas of Collaboration Joint Battery Pack Development: KULR and Worksport will work together on the development of Worksport's COR
Groundbreaking System Successfully Operates From -57°F to 131°F, Eliminates Defrost Cycles, and Paves the Way for a New Era in Clean-Energy Efficiency West Seneca, New York, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Worksport Ltd. (NASDAQ:WKSP) ("Worksport" or the "Company"), a U.S. based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, today announced that its wholly owned subsidiary, Terravis Energy, a Colorado corporation ("TVE"), has achieved a major industry milestone with the unveiling of the revolutionary AetherLux™ heat pump system. Heat pumps are an answer to inefficient and outdated heating sources. The
Groundbreaking System Successfully Operates From -57°F to 131°F, Eliminates Defrost Cycles, and Paves the Way for a New Era in Clean-Energy EfficiencyWest Seneca, New York--(Newsfile Corp. - February 11, 2025) - Worksport Ltd. (NASDAQ:WKSP) ("Worksport" or the "Company"), a U.S. based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, today announced that its wholly owned subsidiary, Terravis Energy, a Colorado corporation ("TVE"), has achieved a major industry milestone with the unveiling of the revolutionary AetherLux™ heat pump system. Heat pumps are an answer to inefficient and outdated heating sources. The
Groundbreaking System Successfully Operates From -57°F to 131°F, Eliminates Defrost Cycles, and Paves the Way for a New Era in Clean-Energy Efficiency West Seneca, New York, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Worksport Ltd. (NASDAQ:WKSP) ("Worksport" or the "Company"), a U.S. based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, today announced that its wholly owned subsidiary, Terravis Energy, a Colorado corporation ("TVE"), has achieved a major industry milestone with the unveiling of the revolutionary AetherLux™ heat pump system. Heat pumps are an answer to inefficient and outdated heating sources. The
WEST SENECA, N.Y,, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Worksport Ltd. (NASDAQ:WKSP) ("Worksport" or the "Company"), a U.S. based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, is pleased to announce it has sent first shipments of its AL4 flagship tonneau cover to select customers. Initial feedback from these customers has been overwhelmingly positive, and the Company is now accelerating production ramp-up to meet anticipated demand. AL4 Ramp-Up to Complement Existing AL3 Production The AL4 Hardcover represents the next evolution in Worksport's premium tonneau cover lineup, engineered for durability, secur
Following Business Growth, Company Initiates Purchases and Shares Long-Term View West Seneca, New York, Jan. 29, 2025 (GLOBE NEWSWIRE) -- Worksport Ltd. (NASDAQ:WKSP) ("Worksport" or the "Company"), a U.S. based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, is pleased to announce it has made initial purchases of Bitcoin (BTC) and Ripple (XRP) as part of a newly established cryptocurrency treasury strategy. Projecting revenue growth, the release of three (3) new products, and approaching cash flow positivity, all within 2025, the Company's proactive crypto strategy is positioned as a timely complement t
Following Reach Out from Coinbase's Institutional Team, Worksport Has Created XRP & Bitcoin (BTC) Corporate Accounts West Seneca, New York, Jan. 28, 2025 (GLOBE NEWSWIRE) -- Worksport Ltd. (NASDAQ:WKSP) ("Worksport" or the "Company"), a U.S. based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, is pleased to announce that after evaluating multiple custodians, Worksport has selected Coinbase as its preferred partner, citing Coinbase's strong regulatory compliance, robust security measures, and insurance-backed custody solutions. This strategic move aligns with Worksport's Cryptocurrency Treasury Strategy
Strategic Alliance Aims to Lower Legal Costs & Strengthen Market Position, Ahead of Major Product Launches West Seneca, New York, Jan. 24, 2025 (GLOBE NEWSWIRE) -- Worksport Ltd. (NASDAQ:WKSP) ("Worksport" or the "Company"), a U.S. based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, is pleased to announce that it increased its patent portfolio by approximately 25% in the last 12 months. It further announces that it has joined LOT Network, a not-for-profit global consortium of leading companies committed to preserving innovation. Global Patent Growth Worksport is proud to announce a ~25% growth in its
Strategic Alliance Aims to Lower Legal Costs & Strengthen Market Position, Ahead of Major Product LaunchesWest Seneca, New York--(Newsfile Corp. - January 24, 2025) - Worksport Ltd. (NASDAQ:WKSP) ("Worksport" or the "Company"), a U.S. based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, is pleased to announce that it increased its patent portfolio by approximately 25% in the last 12 months. It further announces that it has joined LOT Network, a not-for-profit global consortium of leading companies committed to preserving innovation.Global Patent GrowthWorksport is proud to announce a ~25% growth in its glob
Solving Two Key Market Challenges; Successful R&D Has Achieved a Solution Expected to Revolutionize Home Heating & Cooling, While Being Affordable and Highly Efficient. West Seneca, New York, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Worksport Ltd. (NASDAQ:WKSP) ("Worksport" or the "Company"), a U.S. based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, proudly announces that its subsidiary, Terravis Energy [LLC] ("TVE"), a [Delaware] [limited liability company], has developed a groundbreaking heat pump solution that it believes fulfills the future of home heating and cooling. This latest R&D breakthrough is proj
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Company Invites Investors and Analysts to Discover Compelling Financial Updates and Growth Outlook West Seneca, New York, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Worksport Ltd. (NASDAQ:WKSP) ("Worksport" or the "Company"), a U.S.-based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors is excited to announce its Q3 2024 live earnings call scheduled for November 13, 2024, at 4:30 PM ET. This call will be conducted online and will include a detailed discussion of the Company's performance, recent growth trends, and forward-looking insights. Invitation to Analysts and Investors Worksport invi
Mississauga, Dec. 15, 2021 (GLOBE NEWSWIRE) -- Worksport Ltd (Nasdaq: WKSP) (the "Company") continues adding to and developing its in-house IP portfolio focused on the sustainable energy markets. The Company now holds 30 patents and 24 trademarks to date, providing protective rights for its solar-integrated products, its Hydrogen fuel cell-powered systems, as well as its conventional tonneau cover products. This, in turn, provides the Company with full controlling rights on its proprietary mechanical components, electrical/electronics concepts, thermal management, manufacturability considerations, failsafe contingencies, sizing constraints, and mobility aspects. The Company recently file
Strategic Alliance Aims to Lower Legal Costs & Strengthen Market Position, Ahead of Major Product Launches West Seneca, New York, Jan. 24, 2025 (GLOBE NEWSWIRE) -- Worksport Ltd. (NASDAQ:WKSP) ("Worksport" or the "Company"), a U.S. based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, is pleased to announce that it increased its patent portfolio by approximately 25% in the last 12 months. It further announces that it has joined LOT Network, a not-for-profit global consortium of leading companies committed to preserving innovation. Global Patent Growth Worksport is proud to announce a ~25% growth in its
Strategic Alliance Aims to Lower Legal Costs & Strengthen Market Position, Ahead of Major Product LaunchesWest Seneca, New York--(Newsfile Corp. - January 24, 2025) - Worksport Ltd. (NASDAQ:WKSP) ("Worksport" or the "Company"), a U.S. based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, is pleased to announce that it increased its patent portfolio by approximately 25% in the last 12 months. It further announces that it has joined LOT Network, a not-for-profit global consortium of leading companies committed to preserving innovation.Global Patent GrowthWorksport is proud to announce a ~25% growth in its glob
Solving Two Key Market Challenges; Successful R&D Has Achieved a Solution Expected to Revolutionize Home Heating & Cooling, While Being Affordable and Highly Efficient. West Seneca, New York, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Worksport Ltd. (NASDAQ:WKSP) ("Worksport" or the "Company"), a U.S. based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, proudly announces that its subsidiary, Terravis Energy [LLC] ("TVE"), a [Delaware] [limited liability company], has developed a groundbreaking heat pump solution that it believes fulfills the future of home heating and cooling. This latest R&D breakthrough is proj
First Live Session Set for August 6th at 12PM ET, Enhancing Customer EngagementWest Seneca, New York--(Newsfile Corp. - July 30, 2024) - Worksport Ltd. (NASDAQ:WKSP) ("Worksport" or the "Company"), a U.S. based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, is thrilled to announce the launch of a new live sales feature in partnership with Firework, a platform trusted by over 1000 global brands. Worksport will use Firework's innovative web technology to launch its first live sales session on August 6th at 12 PM ET, accessible via: Worksport Live.Worksport strongly encourages customers, stakeholders, and thei
Join Us for a Live Earnings Call and Exciting UpdatesWest Seneca, New York--(Newsfile Corp. - July 18, 2024) - Worksport Ltd. (NASDAQ:WKSP) ("Worksport" or the "Company"), a U.S.-based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, is excited to announce its Q2 2024 live earnings call scheduled for August 13, 2024, at 4:30 PM ET. This call will be conducted online and will include a detailed discussion of the Company's performance and forward-looking insights.Invitation to Analysts and InvestorsWorksport invites analysts, investors, and media to join the live earnings call. This event will provide a compreh
Richmond Hill, Ontario, Canada, Aug. 30, 2022 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP) (the "Company" or "Worksport") has appointed as manager veteran manufacturing executive Michael Scolnick. Scolnick has had over 25 years of progressive experience building and leading high-performance teams, developing and implementing world-class manufacturing concepts, and driving business performance. Scolnick will manage the Company's new 220,000 sq. ft. assembly plant, located in West Seneca, NY. "The Company will ramp up production of our new advanced products, including all-new hardcover designs and SOLIS, our advanced truck bed tonneau cover with integrated solar panels. We hired Mich
Mississauga, Ontario, March 17, 2022 (GLOBE NEWSWIRE) -- Worksport Ltd. (NASDAQ:WKSP) (the "Company") has appointed Mr. Thomas DiNanno, a Hudson Institute Adjunct Fellow, to its Advisory Board. During Mr. DiNanno's career, he has held several key U.S. Government positions with focuses in areas of national security and infrastructure. His experience and expertise are intended to influence the Company's ongoing efforts in the government sector. "Worksport and Terravis Energy are a unique combination of innovation, and I am excited to help bring these innovative technologies to help improve America's infrastructure," states Mr. DiNanno. Mr. DiNanno is a contributing advisor to Hudson In
Mississauga, Oct. 26, 2021 (GLOBE NEWSWIRE) -- Worksport Ltd (Nasdaq-CM: WKSP; WKSPW) (the "Company") has appointed Mr. Yosi Behar to its Advisory Board. The Company's commitment to decarbonizing transportation and innovating how clean energy is produced and harnessed is paving the way for a global transition to both solar and hydrogen-solutions for mobile power generation, independent of the grid. The Company is focused on bringing such implementations to market that management believes have potential to shift consumers' utilization towards these off-grid, non-parasitic technologies. Management is looking forward to working with Mr. Behar on opportunities to implement the Company's clean
Mississauga, Sept. 28, 2021 (GLOBE NEWSWIRE) -- Worksport Ltd (Nasdaq-CM: WKSP; WKSPW) (the "Company") has appointed Mr. Sengkee Ahn and Mr. Mike Timmons to its Advisory Board. The Company's commitment to decarbonizing transportation and innovating how clean energy is produced and harnessed is paving the way for a global transition to solar- and Hydrogen-powered charging & storage technology solutions. The Company is focused on bringing such implementations to market that management believes have the potential to shift consumers' utilization towards adopting these off-grid technologies. Management is confident that the Advisory appointments of Sengkee Ahn and Michael Timmons will enhanc
Mississauga, Aug. 24, 2021 (GLOBE NEWSWIRE) -- Worksport Ltd (Nasdaq-CM: WKSP; WKSPW) (the "Company") appointed U.S. Ambassador Ned L. Siegel and William J. Caragol to its Board of Directors as of June 30, 2021. Worksport's commitment to decarbonizing transportation and innovating clean energy production is something management believes is vitally important for today's world. The Company is acutely focused on bringing robust products to market that Worksport believes has the potential to shift consumers' mindsets of adopting clean-energy technologies. Worksport is also committed to establishing relationships with government agencies to expand support for these strategic initiatives.