Business
Worksport Ltd. Commences Direct Sales to U.S Government Departments, Securing First Orders with National Agency
Targeting Over 2 Million Government Fleet Vehicles, Worksport Sets Stage for Strategic Growth in Government Contract & Sales. West Seneca, New York, Oct. 03,
About this update from Worksport, Ltd.
[{"type":"text","content":"Targeting Over 2 Million Government Fleet Vehicles, Worksport Sets Stage for Strategic Growth in Government Contract & Sales. West Seneca, New York, Oct. 03, 2024 (GLOBE 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 excited to announce the expansion of its sales to Federal Government Agencies. Worksport has established a business relationship with a major U.S. government entity, supplying its flagship Made-in-USA AL3 Tonneau Covers for regular fleet purchases. This strategic partnership positions Worksport to expand its reach within the government fleet sector, which includes an estimated 2 million pickup trucks nationwide. Additionally, Worksport plans to explore opportunities to introduce its forthcoming clean-tech nano-grid products to these newly established relationships. Government Outreach Lead by Influential Board of Directors Worksport’s strategic approach to government sales will be spearheaded by Ambassador Ned Siegel (Ret.), a key member of Worksport’s Board of Directors and former U.S. Ambassador. Ambassador Siegel will be directly involved in outreach to federal and state agencies, leveraging his extensive network to build strong government relationships. This outreach will not only focus on Worksport's current tonneau cover products but also on pitching cutting-edge solutions like the SOLIS Solar Tonneau Cover and the COR Portable Energy System. \"Securing these early government sales is a promising first step,\" said Steven Rossi, CEO of Worksport. \"We are now in a unique position to expand our government sales pipeline and demonstrate the value of our Made-in-America tonneau covers and other solutions to federal and state agencies. We expect these relationships to grow, becoming a recurrent source of revenue as we expand our offerings and reach.\" Worksport anticipates that these early sales, while not immediately impacting the Company's overall revenue forecasts, represent a crucial entry point into a long-term government sales program. According to the Federal Highway Administration (FHWA), there may be over 2 million pickup trucks in government and state-owned fleets, presenting a vast, addressable market for Worksport’s products. Gov...