Worksport Proudly Announces The COR Battery System Will Be Assembled In Canada With Domestic And Foreign Parts
Portfolio Pulse from Benzinga Newsdesk
Worksport Ltd. announces the assembly of the COR battery system in Canada using both domestic and foreign parts. The company has partnered with a Canadian manufacturer specializing in electronic boards to assemble the COR unit, including its inverter and hub. This move aligns with Worksport's commitment to quality and sustainability in the renewable energy sector. The announcement follows the news of the upcoming Alpha Release of the COR battery system for real-world testing and precedes the market launch. Worksport is also increasing production of tonneau covers due to a $16 million sales agreement and will provide updates on the SOLIS solar cover after the COR battery system's test phase.
November 28, 2023 | 1:05 pm
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Worksport Ltd. is advancing its renewable energy initiatives by assembling the COR battery system in Canada and preparing for the Alpha Release. The company's strategic partnership and increased production of tonneau covers due to a significant sales agreement may positively influence investor sentiment.
The announcement of the COR battery system being assembled in Canada, the strategic partnership, and the preparation for the Alpha Release are positive developments that could lead to increased investor confidence and a potential short-term uptick in WKSP's stock price. The $16 million sales agreement for tonneau covers further supports the company's financial outlook and may contribute to positive market sentiment.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100