Interview with Steven Rossi, CEO of Worksport ( NASDAQ: $WKSP) - Transforming the pickup truck industry; @WorksportLtd

 

 

 

 

Interview with Steven Rossi, CEO of Worksport ( NASDAQ: $WKSP) - Transforming the pickup truck industry; @WorksportLtd

 

October 29, 2024 - Investorideas.com, a go-to investing platform covering cleantech and automotive stocks releases an exclusive Cleantech Podcast interview with host Cali Van Zant talking to Steven Rossi, CEO of  Worksport Ltd. (NASDAQ: WKSP).   

 

Listen to the podcast on Spreaker:

https://www.spreaker.com/episode/why-reinvent-the-wheel-when-you-can-build-tonneau-covers-interview-with-steven-rossi-of-worksport-ltd--62533696

 

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https://youtu.be/46qwZKMd7LQ

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In this interview Rossi speaks about recent news announcements from the company including announcing the implementation of strategic cost-saving measures designed to enhance operational efficiency and drive long-term growth.  

 

He also discusses clean energy initiatives at Worksport and new opportunities recently announced,  including their plan to manufacture aftermarket accessories for the Rivian (NASDAQ: RIVN) R1T electric pickup truck.

 

Rossi talks about their bestselling products and the launch of two new products, including the SOLIS and COR, in addition to the highly anticipated AL4 Premium Tonneau Cover coming into production.  

 

Paid News dissemination for Worksport Ltd.

 

Read this news featuring WKSP in full at

https://www.investorideas.com/news/2024/cleantech-podcasts/10291WKSP-Interview-with-Steven%20Rossi-CEO.asp

 

Rossi shares how he founded the company, “In my early 20s I fell in love with Tonneau covers, so I sold my old business and founded Worksport Ltd. I invested everything I had then and never really looked back. Worksport has been around since 2011, but we have only really experienced breakout recently.”

 

Continued: “I have 20 years business experience building businesses from the ground up and I have over 10 years of capital markets experience. So we are well aware and able to navigate capital raising, share structure etc. and all of things that are often tripping points for inexperienced CEOS in the market building businesses.”

 

When asked about the capabilities on the clean energy side of SOLIS and COR, Rossi said  “So some stats about our SOLIS - when integrated with an electric truck, if we were to make a partnership with Ford for example, and connect our solar Tonneau cover to their electric truck it will provide around 8-10 miles a day or 16kms.  That distance is about 30% of average commute every day for the average person in North America. To disconnect that vehicle from the grid 30% is very meaningful. Also is there is a natural disaster, or the power goes it’s the only source of passive power to get for that vehicle to be able to move it to safety or where ever you might need to go. So the SOLIS is really an exciting opportunity for the future.”

 

Continued: “For those that don’t drive an electric version, but have an F150 gas truck  the most popular truck out there, it turn your truck into a roaming power station. And that’s where we see jobsite/campsite opportunities; you have a roaming micro grid with your everywhere you go.”

 

About Worksport Ltd.

Worksport Ltd. (NASDAQ: WKSP), through its subsidiaries, designs, develops, manufactures, and owns the intellectual property on a variety of tonneau covers, solar integrations, portable energy storage systems, and heat-pump technology. The Company is committed to transforming the pickup truck industry through innovative technologies that enhance functionality and sustainability.

 

For more information, please visit www.worksport.com  | investors.worksport.com | https://terravisenergy.com

 

Follow the Company’s social media accounts on X (previously Twitter), Facebook, LinkedIn, YouTube, and Instagram ), the links of which are links to external third party websites, as well as sign up for the Company’s newsletters at investors.worksport.com.

 

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.

 

Read the company’s forward looking statement on their recent news release .

 

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Breaking Cleantech Automotive Stock News: Worksport Ltd. (NASDAQ: $WKSP) Sees Over 200% Growth in B2B Sales; Initiates Pre-Order Campaign for New AL4 Tonneau Cover; @WorksportLtd

Breaking Cleantech Automotive Stock News: Worksport Ltd. (NASDAQ: $WKSP) Sees Over 200% Growth in B2B Sales; Initiates Pre-Order Campaign for New AL4 Tonneau Cover; @WorksportLtd

 

Company Initiates Business with Hundreds of Dealers Across USA; New Model: AL4 Attracts Industry-Leading Distributors

 

West Seneca, New York - October 29, 2024 (Investorideas.com 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 thrilled to announce a significant milestone in its business-to-business (B2B) sales growth, and the newly initiated pre-order campaign for its highly anticipated AL4 Premium Tonneau Cover.

 

Explosive B2B Sales Growth

In the last four months, Worksport has impressively achieved over 200% growth in Dealer Account sales of its Worksport-branded products, with key dealers in most major areas across the USA and Canada. This exponential growth is attributed to the surging interest in high-quality, aggressively priced tonneau covers that meet the demands of today's market.

 

While the Company's private label and consumer direct businesses continue to drive the largest share of revenue for Worksport, the impressive surge in dealer sales represents an exciting opportunity for future growth.

 

Paid News dissemination for Worksport Ltd

 

Read this news, featuring WKSP in full at https://www.investorideas.com/news/2024/10291WKSP-Pre-Order-Campaign-for-New-AL4-Tonneau-Cover.asp

 

Strategic Dealer Expansion with High Conversion Rates

• Retail Display Units Shipped: Worksport has shipped hundreds of displays to key dealer accounts across the United States. These retail display units will continue to convert into dealer sales perpetually, representing a considerable long-term dealer level growth objective.
• Conversion Ratio: These display units have generated an outstanding 31% conversion rate, meaning nearly one-third of dealers who received retail display units have placed orders nearly immediately, preceding receiving and assembling these Worksport Retail Display Units. Worksport's sales team is working towards 100% sales conversion as a result of each retail display unit installed in dealer showrooms in the USA and Canada.
• Vast Market Potential: With over 17,000 dealers in the U.S., strong dealer interest signals a substantial opportunity for continued sales growth. Worksports growing sales team is continuing to establish direct connection with each dealer across the USA and Canada.

 

Regional Success and Market Penetration

• Strong Performance in the Southwest: The Company has experienced particularly robust sales in the Southwest region, driven by Worksport's fast shipping times and high market demand for tonneau covers.
• First Order from Puerto Rico: Worksport is excited to announce its first-ever B2B order from a customer in Puerto Rico, consisting of initial crates of both hard and soft covers. This marks a significant expansion into new territories.

 

AL4 Premium Tonneau Cover Pre-Order Campaign

Following the recently announced production schedule of the AL4 Premium Tonneau Cover, Worksport is beginning to book pre-orders from key dealer and distributor accounts in the USA and Canada. Pre-ordering will end at the end of November at which time Worksport sales team expects significant early demand and orders.

 

Key AL4 sales highlights include:

• Interest from Industry-Leading Distributors. Several top-tier national US based distributors are in discussions to pre-order the AL4, reflecting strong market confidence in the product.
• Scaling Dealer Network. The Company will continue to expand its dealer network while attracting new distributors to enhance scale and market reach.

 

Management Commentary

"The remarkable trend we have seen in our B2B segment is a testament to the market's appetite for high-quality, competitively priced tonneau covers," said Steven Rossi, CEO of Worksport Ltd. "Our strategic deployment of display stands has not only expanded our dealer network but has also yielded an exceptional conversion rate of 31%. The newly initiated pre-order campaign for the AL4 Premium Cover has already garnered interest from industry-leading distributors, signaling a bright future for Worksport. We are committed to leveraging this momentum in 2025 and beyond.

 

Key 2024 Press-Releases:

• October 17: Nasdaq Grants Extension To Regain Compliance
• October 17: $2MM+ Projected Savings From New Strategic Initiative
• October 3: Commencing U.S Government Sales
• September 30: Update On ISO Certification
• September 19: Alpha Launch of SOLIS & COR
• September 12: Record High August Sales
• September 11: Worksport COR as an EV Range Extender for Tesla Model 3
• August 14: Record High Revenues; 275% Q2 Growth
• August 1: Impressive SOLIS Solar Cover Test Results
• May 8: Worksport Awarded $2.8MM Grant

Read all Worksport press releases: [Link to All Press Releases].

 

Stay Connected

• Investor Newsletter: Investors and customers are invited to follow Worksport's progress as it builds on this momentum and strives to redefine industry standards with each new corporate development. Link to Newsletter
• Contact Information

Investor Relations, Worksport Ltd. T: 1 (888) 554-8789 -128 W: investors.worksport.com E: investors@worksport.com
W: worksport.com

 

About Worksport

Worksport Ltd. (Nasdaq: WKSP), 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. Worksport has an active partnership with Hyundai for the SOLIS Solar cover. Additionally, Worksport's hard-folding cover, designed and manufactured in-house, is compatible with RAM, Chevrolet, and GMC models from General Motors, as well as Ford, Jeep, Nissan, and Toyota pickup trucks. Worksport 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.

Terravis Energy's website is terravisenergy.com. For more information, please visit investors.worksport.com.

 

Connect with Worksport

Please follow the Company's social media accounts on X (previously Twitter), Facebook, LinkedIn, YouTube, and Instagram (collectively, the "Accounts"), the links of which are links to external third party websites, as well as sign up for the Company's newsletters at investors.worksport.com. 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.

 

Product social media

Instagram
Facebook
YouTube

 

Investor social media

X (formerly Twitter)
LinkedIn
Link to Newsletter

 

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 ("SEC") filings, and public conference calls and webcasts. The Company also uses social media to announce Company news and other information. The Company encourages investors, the media, and others to review the information the Company publishes on social media.

 

The Company does not selectively disclose material non-public information on social media. If there is any significant financial information, the Company will release it broadly to the public through a press release or SEC filing prior to publishing it on social media.

 

For additional information, please contact:
Investor Relations, Worksport Ltd. T: 1 (888) 554-8789 -128 W: investors.worksport.com W: www.worksport.com E: investors@worksport.com

 

Forward-Looking Statements
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," "project," "should," or the negative of these terms and similar expressions, as they relate to us or our management, identify forward looking statements. These statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations 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: (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. 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's filings with the SEC, 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's web site 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.

 

Worksport Ltd. (Nasdaq: WKSP) is a featured renewable energy/automotive stock on Investorideas.com

 

More info on WKSP at Investorideas.com Visit:  https://www.investorideas.com/CO/WKSP/

 

Disclaimer/Disclosure: Disclosure: Worksport Ltd. (Nasdaq: WKSP) is a paid featured company on Investorideas.com effective  October 18^th 2024 for 2 months. lInvestorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. Contact management and IR of each company directly regarding specific questions. More disclosure info can be found here. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

 

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Eco Wave Power (NASDAQ: $WAVE) Taps into Taiwan’s Renewable Energy Expansion Plan; @EcoWavePower

 

Eco Wave Power (NASDAQ: $WAVE) Taps into Taiwan’s Renewable Energy Expansion Plan; @EcoWavePower

 

Investorideas.com (www.investorideas.com) a go-to platform for big investing ideas, including water and renewable energy stocks, reports on developments  for Eco Wave Power Global AB) (NASDAQ: WAVE), a leading, publicly traded onshore wave energy technology company that recently announced entering the renewable energy market in Taiwan.

 

According to Statista.com, Taiwan's total capacity of renewable energy reached some 17 gigawatts in 2023. This represented an increase of more than 27 percent in comparison to the previous year, and the highest figure reported during the period in consideration.”

 

Renews.biz. reported this month, “Taiwan is planning a major expansion of renewables to meet growing power demand, according to a senior government official.”

 

Continued: Deputy director of the energy bureau of the ministry of economic affairs Lee Chun-Li (centre) told a press conference in Taipei today that the island is eyeing growth as well as diversification of its green energy sector.

 

Continued: Chun-Li said as well as more wind and solar generation, the administration wants to grow its use of tidal, hydro and geothermal.

 

In early October Eco Wave Power Global AB (NASDAQ: WAVE) announced  that it signed an agreement for the sale of the first wave energy generation unit with I-Ke International Ocean Energy Co.,  a subsidiary of Lian Tat Company , a leading maritime engineering company, with the purpose of bringing Eco Wave Power's wave energy technology to Taiwan.

 

*Paid news dissemination for WAVE

Read this news, featuring WAVE in full at https://www.investorideas.com/news/2024/renewable-energy/10241Eco-Wave-Power-WAVE-Taiwan.asp

 

According to the terms of the agreement, I-Ke will be providing the full financing for the 100KW pilot project, by buying a turnkey conversion unit from Eco Wave Power. This conversion unit for the 100KW wave energy power station includes all the hydraulic and electric conversion parts, coupled with the smart control and automation system.

 

I-Ke has identified the location for the first pilot station of 100KW installed capacity on the east coast of Taiwan (along with an additional 83 potentially suitable sites) and it is responsible for obtaining permits, land use consents and any licensing and approvals necessary to complete the installation of the planned wave energy projects. Moreover, I-Ke will locally produce the floaters, hydraulic cylinders and all other components of the technology, which are located on the seaside of the marine structure. I-Ke believes this will position Taiwan as the hub for later stage expansion into other Asia Pacific regions.

 

This newly signed agreement, which is based on a memorandum of understanding (MOU) that was signed between Lian Tat and Eco Wave Power in June 2023, will leverage Eco Wave Power's wave energy conversion technology, which has been deployed in several locations worldwide (such as Gibraltar, Israel, and soon in Los Angeles and Portugal), to maximize energy extraction and optimize the project's performance for the Taiwanese coastline.

 

Recent news for WAVE

https://finance.yahoo.com/news/eco-wave-power-signs-wave-123400004.html

 

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