Business
Worksport Ltd. to Increase Intellectual Property Protection with Hiring of In-house Counsel
Richmond Hill, Ontario, Canada, Jan. 25, 2023 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP; WKSPW) (“Worksport” or the “Company”), today announced that it
About this update from Worksport, Ltd.
[{"type":"text","content":"Richmond Hill, Ontario, Canada, Jan. 25, 2023 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP; WKSPW) (“Worksport” or the “Company”), today announced that it has hired Mr. Nilay Choksi, the Company’s first in-house intellectual property (IP) counsel, to provide investors with the highest level of protection for the Company’s growing portfolio of intellectual property and proprietary technologies, which it considers amongst the Company's most valuable assets. Choksi, a leading IP attorney, has supported domestic and international clients and portfolios for over a decade, protecting complex technologies and global brands through intellectual property. Most recently, Choksi was IP Counsel in the Personal Health division of Philips, where he was responsible for IP protection and enforcement related to grooming, beauty and mother and childcare technologies in the U.S., including Norelco- and Avent-branded products. He also led U.S. brand protection efforts for the broader Philips brand and product lines, including instituting additional anti-counterfeiting measures across e-commerce platforms and taking action criminally, administratively, and civilly. He holds a J.D. from Emory University (2011) and a Bachelor of Science from Xavier University (2008). “We are very honoured that an intellectual property counsel as experienced as Nilay Choksi has joined Worksport,\" said Worksport CEO Steven Rossi. \"We consider the Company’s intellectual property to be a vital asset to protect the exclusivity of our technology, defend our path forward, and provide licensing potential. We look forward to having such a highly experienced attorney on our growing team. Nilay will make sure we control and protect our present and future proprietary intellectual property as our product portfolio expands significantly.\" Rossi noted that the Company relies on a combination of “patents, trademarks, copyrights, and trade secrets,” as well as confidentiality agreements and nondisclosure agreements, to establish and protect the Company’s valuable intellectual property and other proprietary rights. “Our current and future success depends in large part on our proprietary technology, the intellectual skills of our employees, and the ability of our employees to continue to innovate,” Rossi said. \"We hold innovation at the Company’s core as a key factor in providin...