Why Reinvent the Wheel When you can Build Tonneau Covers - Interview with Steven Rossi of Worksport Ltd.
Update: 2024-10-29
Description
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. 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 . The Investorideas.com podcasts are also available on iTunes (Apple Podcasts), Amazon, Audible, Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio, and most audio platforms available.
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Research cleantech and EV stocks at Investorideas.com https://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp About Investorideas.com - Big Investing Ideas Investorideas.com is the go-to platform for big investing ideas. From breaking stock news to top-rated investing podcasts, we cover it all. Our original branded content includes podcasts such as Exploring Mining, Cleantech, Crypto Corner, Cannabis News, and the AI Eye. We also create free investor stock directories for sectors including mining, crypto, renewable energy, gaming, biotech, tech, sports and more. Public companies within the sectors we cover can use our news publishing and content creation services to help tell their story to interested investors. Paid content is always disclosed. Disclaimer/Disclosure: Disclosure: this news article featuring WKSP is a paid for service on Investorideas.com -. This is not investment opinion: 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. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. - 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 Follow us on Twitter @investorideas Follow us on Facebook https://www.facebook.com/Investorideas Follow us on YouTube https://www.youtube.com/c/Investorideas Contact Investorideas.com 800-665-0411
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