Worksport™ Announces Supply Partnership with Hercules Electric Mobility for its TerraVis™ Solar Truck Bed Tonneau System

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TORONTO – Oct. 19, 2020 (IAM NEWSWIRE) – Worksport Ltd,, WKSP (or the "Company") has signed an agreement with Hercules Electric Mobility Inc., Detroit, Michigan, for Worksport's groundbreaking TerraVis™ tonneau cover solar charging system to become the Tier One OEM supply partner for Hercules' forthcoming Alpha Electric Pickup, with over US $27 million in early […]

The post Worksport™ Announces Supply Partnership with Hercules Electric Mobility for its TerraVis™ Solar Truck Bed Tonneau System appeared first on IAM Newswire.

"Although we understand the delay of over one month is challenging in today's volatile market, we appreciate shareholders patience in allowing us to arrive at today's milestone," said Worksport CEO Steven Rossi. "We will continue to work tirelessly in progressing our business and keeping our valued shareholders up to date."

"The economic value of this one relationship is expected to be of profound significance for Worksport and its future growth and development," added Rossi. "The announced $70 million in projected revenues in the first contract is just the beginning, and it is likely to expand over the longer-term. We're proud to work with Hercules because of its management's long history with developing and launching major vehicle platforms."

"We are pleased to be working with the team at Worksport to bring solar charging to our Hercules products," said Hercules CEO James Breyer, who co-founded the company in 2018 after a successful career in the automotive industry. "It will be part of a luxury experience without plug-anxiety, due to the solar charging truck bed cover. With the Worksport solar solution, our customers can enjoy their on- and off-road activities while adding to their electric charge at the same time."

"Hercules is taking an unconventional approach, using available services, expertise, and industry capacity to launch products quickly and efficiently," Breyer added. "This allows Hercules to bring eco-utility vehicles to market faster and with higher levels of personalization and craftsmanship. It also means we don't have to add redundant manufacturing capacity where it isn't needed. The Worksport partnership is an example of this approach. Worksport developed a unique product and it is something that will make our electric trucks distinct from all others. We will collaborate on cost optimization and continuous improvement for projects that achieve performance and price advantages against the other industry available cover options."

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Hercules will integrate the solar charging tonneau cover into its core architecture to give freedom to Hercules drivers, specifically "plug freedom." The solar cover's overall charging is similar power to a level 1 cord plugged into a standard 110VAC outlet."

While at Ford Research Lab, Breyer was instrumental in launching fuel-cell, hybrid, and electric vehicles, including the Fuel-Cell Focus and others.  He also led development of the Volt powertrain and global EV powertrains such as Spark EV. He is complimented by co-founders Julie Tolley and Greg Weber.

Any interested investors or shareholders are encouraged to follow the company's social media accounts on Twitter, Facebook, LinkedIn, and Instagram as well as sign up for the company's newsletters on both www.worksport.com and www.goterravis.com, to stay up to date on all of the latest news.

About Worksport Ltd.

Worksport Ltd., an innovative manufacturer of high quality, functional, and aggressively priced tonneau/truck bed covers for light trucks like the F150, Sierra, Silverado, Canyon, RAM, and Ford F-Series. For more information please visit www.worksport.com. Currently listed on the OTCQB Market under the trading symbol "WKSP."

Connect with Worksport:

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For further information please contact:

Mr. Steven Rossi
CEO & Director

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Worksport, Ltd

T: 1-888-554-8789
E: srossi@worksport.com

Forward-Looking Statements

This document may contain forward-looking statements, relating to Worksport, Ltd. operations or to the environment in which it operates, which are based on Franchise Holdings International Inc. operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, and/or are beyond Worksport, Ltd's 's control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place any undue reliance on such forward-looking statements. Worksport, Ltd. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No Stock Exchange or Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

 

The post Worksport™ Announces Supply Partnership with Hercules Electric Mobility for its TerraVis™ Solar Truck Bed Tonneau System appeared first on IAM Newswire.

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