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Friday, June 18, 2021

Major Run on WKSP (Worksport Ltd) As Co Develops Solar Ev Charging TerraVis COR™ Portable Solar & Battery System

WKSP (Worksport Ltd) is in full beast mode rocketing up the charts in recent months trading millions of shares topping $15 million in dollar volume on Wednesday alone. The stock has been under heavy accumulation recently and volume has picked up substantially since early September when Microcapdaily first covered WKSP just over a dime as a new era of penny stock speculators fueled by robinhood and its 100 million new trading accounts take on the bulletin boards. These are different times than just a few short years ago; now penny stocks such as TSNP can achieve a $6 billion plus market valuation and trade $375 million in dollar volume in a day on the bulletin boards. And TSNP has no stronger fundamentals than WKSP does.  

There is a lot to get excited about on WKSP; the Company just expanded the development of its advanced TerraVis COR™ mobile energy storage system (ESS) that can be recharged via solar or conventional A/C power. It is an outgrowth of WKSP ground-breaking TerraVis™ tonneau cover system, a recently introduced fusion of cutting-edge solar power, storage, and delivery. The TerraVis COR™ system is the first of its kind providing continually charged COR™ battery packs, where depleted batteries can be removed, recharged, and replaced, on-demand. Worksport has also entered into a large contract with a special engineering firm that has extensive knowledge and resources of battery systems, charge controllers, and sine-wave inverters. According to WKSP CEO Steven Rossi “The portable battery storage market is huge, and the trend is growing. The TerraVis COR™ will bring immense value to not just truck owners, but also the global consumer market, forecasted to grow to over $546 Billion by 2035.” WKSP has very little debt and a tight float; the Company is led by Steven Rossi who does not take on toxic debt or dilute the share structure which has remained stable at 43mm shares outstanding. Mr. Rossi is focused on building the Company. selling truck covers and taking WKSP to a higher exchange. 

WKSP (Worksport Ltd) is an innovative manufacturer of high quality, functional, and attractively priced tonneau covers for light-duty trucks such as the Sierra, Silverado, Canyon, RAM, and Ford F-Series. The Company is led by auto executive Steven Rossi who has been developing companies in the automotive industry. Mr. Rossi brings the ability to create a vision, mastermind innovative products and lead his team in the execution of the ensuing strategy. This was clearly demonstrated when his previous company in the auto parts and recycling business was acquired. While he has unquestioned experience and knowledge in the automotive industry, he has also acquired the skills to be successful in any industry. Mr. Rossi is a committed, savvy capitalist yet he is also passionate in his belief that one can make quality products, treat people fairly and generate wealth for himself and others in the process.  

Image result for WKSP ground-breaking TerraVis™ tonneau cover systemMicrocapdaily reported on WKSP on September 1 of last year just as WKSP started moving north over a dime stating at the time: “Currently running northbound WKSP is an exciting story developing in small caps that is getting a boost from the red-hot EV space. The Company just launched a new website as well as a brand-new tonneau cover system with solar power integration. The site, GoTerraVis.com, is now home to much awaited publicly available information on the TerraVis™ system – a platform for versatile and cost-effective solar power integrations for pick-up trucks. This groundbreaking innovation is the very first to combine practical, durable tonneau covers with a cutting-edge solar generation and energy storage system. Management is pleased to announce that it is presently in discussions with various parties interested in commercial partnerships with the TerraVis™ technology system, including a high-profile future electric truck manufacturer. WKSP has very little debt and a tight float; the Company is led by Steven Rossi who does not take on toxic debt or dilute the share structure which has remained stable at 43mm shares outstanding. Mr. Rossi is focused on building the Company. selling truck covers and taking WKSP to a higher exchange.” 

The Company has been building up its intellectual property portfolio; last year the Company reached a major intellectual property milestone with the granting of the sole rights to the Worksport name for light truck tonneau covers in the U.S., its primary business area for a 10-year period, which is also renewable. The awarding of this trademark to Worksport protects the Company’s valuable intellectual property and paves the way for the company to grow its business unfettered by concerns surrounding its brand name.  Worksport and FNHI’s portfolio of intellectual property has been rapidly expanding for several years. Worksport now has four trademarks, with two each in Canada, the U.S. and one pending in China, where the pending award reflects Worksport’s presence in that market. One has already been granted in the US.; the present trademark is the company’s second, and most critical trademark. The Worksport logo and word mark are now both fully within the company’s intellectual property portfolio. Last month WKSP reported it has received Official Notice from the U.S. Patent and Trademark Office that its filing for trademark protection for TerraVis COR™, its line of mobile battery packs, has been accepted, entitling the Company to use the trademark symbol in the U.S. for its innovative, soon-to-be-launched mobile battery system. The TerraVis COR™ line, a consumer-oriented extension of Worksport’s TerraVis™ innovative solar-powered advanced folding truck bed tonneau cover system, is the first in the industry. This marks the Company’s entrance into the broader consumer goods market, since the COR battery system can be purchased and used without the TerraVis solar tonneau cover.   

Investor Sentiment in WKSP is high:

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WKSPWKSP has been making some big moves; the Company just reported its Regulation-A public offering has officially been over-subscribed, having fully raised its target amount of US$4 Million. It was scheduled to remain open until November 2021, but demand for its offering greatly exceeded initial expectations, hitting the strategic milestone today. The $4 million in capital raised will be used to expedite the development and subsequent launch of its TerraVis™ solar tonneau cover system and its allied TerraVis COR™ mobile energy storage system (ESS).  

Image result for WKSP ground-breaking TerraVis™ tonneau cover system

 

last week the Company reported it has expanded the development of its advanced TerraVis COR™ mobile energy storage system (ESS) that can be recharged via solar or conventional A/C power. It is an outgrowth of their ground-breaking TerraVis™ tonneau cover system, a recently introduced fusion of cutting-edge solar power, storage, and delivery. Worksport CEO Steven Rossi estimates that the Company could have working prototypes of this system within 60-90 days, and possibly debut it to market within six months following the outset of final development. The TerraVis COR™ system is the first of its kind providing continually charged COR™ battery packs, where depleted batteries can be removed, recharged, and replaced, on-demand. The TerraVis COR system will be portable for jobsite and off-road uses, and will be marketed globally as standalone products, rechargeable by most common power sources as well as any solar panel. The mobile ESS will not only permit the entrance into many lateral and new consumer markets for Worksport, but will also be manufactured in North America (likely Ontario), where it can strategically leverage its vast distribution network and robust quality control processes. 

Worksport is entering a lateral and much more extensive mobile energy market where not just light-duty truck owners will benefit from the many advanced features of TerraVis™. The Company is broadening its horizons with this new product, which can be used in emergency & disaster efforts; by contractors, vacationers, second-home owners, and campers; as well as in rural areas for agricultural purposes – among many other applications where portable energy is a necessity.  To aid in rapid product development, Rossi said Worksport has hired four additional staff members, including two industrial engineers. Worksport has also entered into a large contract with a special engineering firm that has extensive knowledge and resources of battery systems, charge controllers, and sine-wave inverters. The firm possesses a vast network of resources with numerous military and enterprise-level contracts. An announcement pertaining to this relationship is expected soon. In addition, Rossi expects the TerraVis COR™ battery system to be assembled in North America – most likely in Ontario – as part of a Worksport trend to bring back production from overseas. 

According to WKSP CEO Steven Rossi “The portable battery storage market is huge, and the trend is growing. The TerraVis COR™ will bring immense value to not just truck owners, but also the global consumer market, forecasted to grow to over $546 Billion by 2035. There will be cost advantages and attractive pricing for these very innovative, patented products. We look forward to telling investors and shareholders all about them along with the launch of the TerraVis™ pre-order site as soon as possible.” 

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WKSP is in full beast mode rocketing up the charts in recent months trading millions of shares topping $15 million in dollar volume on Wednesday alone. The stock has been under heavy accumulation recently and volume has picked up substantially since early September when Microcapdaily first covered WKSP just over a dime as a new era of penny stock speculators fueled by robinhood and its 100 million new trading accounts take on the bulletin boards. These are different times than just a few short years ago; now penny stocks such as TSNP can achieve a $6 billion plus market valuation and trade $375 million in dollar volume in a day on the bulletin boards. And TSNP has no stronger fundamentals than WKSP does. There is a lot to get excited about on WKSP; the Company just expanded the development of its advanced TerraVis COR™ mobile energy storage system (ESS) that can be recharged via solar or conventional A/C power. It is an outgrowth of WKSP ground-breaking TerraVis™ tonneau cover system, a recently introduced fusion of cutting-edge solar power, storage, and delivery. The TerraVis COR™ system is the first of its kind providing continually charged COR™ battery packs, where depleted batteries can be removed, recharged, and replaced, on-demand. Worksport has also entered into a large contract with a special engineering firm that has extensive knowledge and resources of battery systems, charge controllers, and sine-wave inverters. According to WKSP CEO Steven Rossi “The portable battery storage market is huge, and the trend is growing. The TerraVis COR™ will bring immense value to not just truck owners, but also the global consumer market, forecasted to grow to over $546 Billion by 2035.” WKSP has very little debt and a tight float; the Company is led by Steven Rossi who does not take on toxic debt or dilute the share structure which has remained stable at 43mm shares outstanding. Mr. Rossi is focused on building the Company. selling truck covers and taking WKSP to a higher exchange. We will be updating on WKSP on a daily basis so make sure you are subscribed to microcapdaily.com so you know what is going on with WKSP.

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Disclosure: we hold no position in WKSP either long or short and we have not been compensated for this article.

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