Breaking News: Worksport (Nasdaq: WKSP) Selects Coinbase Global as its B-T-C Custodian

*Sponsored Market Crux Announces Worksport Ltd. (Nasdaq: WKSP) As Its Next  Potential Breakout Idea… Worksport Ltd. (Nasdaq: WKSP) Comes Backed With Several  Potential Catalysts Including: Analyst Coverage From HC Wainwright, Maxim Group, And Alliance Global Partners Signals Confidence In Worksport Ltd. (Nasdaq: WKSP). Worksport Ltd. (Nasdaq: WKSP) Recently Made an Approx 155% Move Since November And Is Surpassing Major Moving Averages. The Cold-Climate Heat Pump (CCHP) Puts Worksport Ltd. (Nasdaq: WKSP) In A Market Worth Over $1.2T By 2031. A 25% Patent Portfolio Boost And LOT Network Membership Show Worksport Ltd. (Nasdaq: WKSP) Plays In The Big Leagues. Worksport Ltd. (Nasdaq: WKSP) Delivered $8.5M In 2024 Revenue, With Q4 Gross Margins Soaring 166%. (WKSP) Moved Approximately 79% Since The Last Time We Covered It! Consider Adding Worksport Ltd. (Nasdaq: WKSP) To Your Radar This Week… January 28, 2025 Dear Reader, There’s a news story that just came off the wire from Benzinga. Worksport Ltd. (Nasdaq: WKSP) has selected Coinbase Global as its custodian to manage B-T-C and X-R-P reserves.  This strategic move aligns with its treasury strategy and positions the company for its anticipated growth in 2025. Worksport Ltd. (Nasdaq: WKSP) reached $.97 in today’s pre-market, moving approx 9% from yesterday’s $.8844 close, while surpassing all major moving averages tracked by Barchart including: 5-Day: 0.9056 20-Day: 0.9084 50-Day: 0.8092 100-Day: 0.6918 200-Day: 0.6703 Year-to-Date: 0.902 The clean energy revolution isn’t just reshaping industries—it’s rewriting the rules.  The days of clunky, inefficient solutions are over, replaced by sleek, cutting-edge technologies designed to empower consumers and protect the planet.  At the forefront of this seismic shift is a company combining innovation, bold strategies, and an uncompromising commitment to quality: Worksport Ltd. (Nasdaq: WKSP).  In fact, since the last time we covered Worksport Ltd. (Nasdaq: WKSP) it moved approximately 79% from $.67 on 12/5/2024 to $1.20 on 1/6/2025. But last week, on 1/23, Benzinga reported that HC Wainwright & Co., one of Wall Street’s oldest institutions, initiated coverage on Worksport Ltd. (Nasdaq: WKSP) with a $1.50 target, which suggests over 64% upside potential from Friday’s $.91 close, according to Barchart. Same for Maxim Group. On 1/24 they published their coverage report with a $1.50 on (WKSP) also. And they’re not the only ones covering Worksport Ltd. (Nasdaq: WKSP). Last month, Alliance Global Partners initiated coverage on (WKSP) with a $2.00 target, which would suggest 119% potential upside from Friday’s close. Worksport Ltd. (Nasdaq: WKSP) recently moved approximately 155% from $.4694 on 11/20/2024 to $1.20 on 1/6/2025.  And as of Friday (1/24), (WKSP) is trending above all major moving averages tracked by Barchart including: 5-Day: 0.8933 20-Day: 0.9060 50-Day: 0.8076 100-Day: 0.6889 200-Day: 0.6684 Year-to-Date 0.9032 Keep reading to see why Worksport Ltd. (Nasdaq: WKSP) is topping our watchlist this morning. From advanced tonneau covers to pioneering solar integrations and portable power systems, Worksport Ltd. (Nasdaq: WKSP) is pushing boundaries and redefining markets. By owning its intellectual property and maintaining complete control over its design and manufacturing processes, this company has positioned itself as a leader in clean energy solutions for the automotive sector and beyond. Innovation at Its Core Worksport Ltd. (Nasdaq: WKSP) isn’t content to follow trends—it sets them. The company’s flagship product, the SOLIS Solar Tonneau Cover, developed in partnership with Hyundai, is a perfect example of this forward-thinking approach.  This solar-integrated truck cover doesn’t just shield cargo—it generates power, making it a must-have for electric vehicle (EV) owners and outdoor enthusiasts.  And that’s just the beginning. Worksport’s COR portable power system is poised to revolutionize how we think about mobile energy storage. Whether you’re off the grid, powering an EV, or preparing for emergencies, COR promises reliability and versatility that few competitors can match. Clean-Tech Game Changer As consumer demand for clean energy accelerates, Worksport Ltd. (Nasdaq: WKSP) is stepping in with solutions that redefine what’s possible.  Their portfolio includes cutting-edge technologies that tackle the dual challenges of climate change and energy affordability, establishing them as a force in clean-tech innovation. A standout among these innovations is the Cold-Climate Heat Pump (CCHP), developed by subsidiary Terravis Energy.  This advanced system doesn’t just work in extreme temperatures—it thrives. Designed to perform seamlessly in ultra-cold and high-temperature environments, the CCHP combines unprecedented energy efficiency with affordability.   Thanks to AI-driven personalization, it adapts to individual user preferences, creating a custom climate experience that’s as efficient as it is comfortable. This innovation arrives at a pivotal moment.  The global heat pump market, growing at a compound annual rate of 9.4%, is projected to exceed $1.2T by 2031.  In North America, the market is expected to reach $290B, while markets outside the U.S. and Canada are forecast to hit $910B during the same period.  With this level of growth, Worksport is positioned not just to enter this massive market but to transform it by addressing the long-standing inefficiencies of traditional heat pump systems. This isn’t just a step forward—it’s a bold leap that positions Worksport Ltd. (Nasdaq: WKSP) as a leader in one of the most dynamic and rapidly expanding sectors in clean energy.  By offering a product that delivers unparalleled performance, efficiency, and affordability, Terravis Energy’s heat pump is set to make a lasting impact on the future of energy solutions. Protecting Innovation Innovation isn’t just about creating new products—it’s about protecting them.  Worksport Ltd. (Nasdaq: WKSP) has expanded its patent portfolio by 25% in the past year, bolstering its already impressive arsenal of intellectual property.   By joining the LOT Network, a consortium of 4,500+ companies that includes Tesla, Amazon, and Hyundai, Worksport has safeguarded itself against patent trolls and ensured its ability to focus on what it does best: delivering game-changing solutions. This proactive approach reflects the company’s commitment to fostering open innovation while maintaining the security of its proprietary technologies. Numbers That Demands Attention The numbers speak for themselves. Worksport closed 2024 with $8.5M in revenue, a meteoric rise from $1.5M in 2023.  The fourth quarter alone saw revenues of $2.9M, a stunning improvement over the same period the previous year.  Gross margins skyrocketed, increasing 166% in December 2024 compared to Q3, as the company shifted focus to its high-margin branded products. This financial success underscores the wisdom of Worksport Ltd. (Nasdaq: WKSP)’s strategic pivot away from lower-margin private-label offerings. Focusing on their own brand has not only boosted pro-fit-ability but also reinforced the company’s reputation as an industry leader. 2025: A Year to Watch Worksport Ltd. (Nasdaq: WKSP) isn’t just maintaining momentum—it’s accelerating.  The company has set an ambitious revenue target of $20M for 2025, driven by strategic initiatives, groundbreaking product launches, and an expanding market presence. Key drivers of growth include: The AL4 Tonneau Cover, launching in January 2025, which is compatible with all major truck models, including EVs. The SOLIS Solar Cover and COR Power System, both slated for commercial release later in the year. Strategic Partnerships, including its collaboration with Hyundai, which will amplify brand recognition and market penetration. Why This Matters Worksport Ltd. (Nasdaq: WKSP) isn’t just a company—it’s a statement about where clean energy and innovation are headed.  With a relentless focus on quality, sustainability, and customer-centric design, this company is carving out a space as a leader in the clean-tech and automotive sectors. Their achievements in 2024 were impressive, but their plans for 2025 promise to be nothing short of transformative. If you’re not paying attention to Worksport Ltd. (Nasdaq: WKSP) yet, now’s the time to start.  Because while the rest of the industry is playing catch-up, Worksport Ltd. (Nasdaq: WKSP) is aiming to lead the charge—and they’re not looking back. 7 Developments That Put Worksport Ltd. (Nasdaq: WKSP) in the Spotlight 1. Analyst Coverage: Three respected institutions—HC Wainwright & Co., Maxim Group, and Alliance Global Partners—have initiated coverage of Worksport Ltd. (Nasdaq: WKSP) with targets suggesting substantial potential for growth. These endorsements highlight growing confidence in the company’s strategic direction and market potential. 2. Recent Market Recognition: Worksport Ltd. (Nasdaq: WKSP) has seen an approximate 155% move from late November 2024 to early January 2025, and as of late January, it is trending above all major moving averages tracked by Barchart.  3. Cutting-Edge Product Pipeline: With highly anticipated launches such as the SOLIS Solar Tonneau Cover, developed in collaboration with Hyundai, and the COR Portable Power System, Worksport Ltd. (Nasdaq: WKSP) is poised to redefine clean energy applications for electric vehicles and mobile power solutions. 4. Innovative Clean-Tech Advancements: The Cold-Climate Heat Pump (CCHP), developed by subsidiary Terravis Energy, addresses critical challenges in extreme weather performance and energy efficiency. This innovation positions Worksport Ltd. (Nasdaq: WKSP) within the rapidly growing global heat pump market, projected to exceed $1.2T by 2031. 5. Growing Intellectual Property: Over the past year, Worksport Ltd. (Nasdaq: WKSP) has expanded its patent portfolio by 25% and joined the LOT Network, aligning with industry giants like Tesla, Amazon, and Hyundai. These moves strengthen its ability to protect its innovations and compete effectively in key markets. 6. Revenue Growth: In 2024, Worksport Ltd. (Nasdaq: WKSP) reported $8.5M in revenue, a significant rise from the previous year. The fourth quarter alone saw revenues of $2.9M, driven by the company’s pivot to high-margin branded products, with gross margins increasing 166% in December 2024 compared to Q3. 7. Potential for Major Catalysts in 2025: The launch of the AL4 Tonneau Cover in January, along with the release of the SOLIS Solar Cover and COR Power System later this year, are key milestones for Worksport Ltd. (Nasdaq: WKSP). Combined with strategic partnerships and an ambitious $20M revenue target for 2025, these developments set the stage for significant progress in the months ahead. Why We Have All Eyes on Worksport Ltd. (Nasdaq: WKSP) Right Now Worksport Ltd. (Nasdaq: WKSP) is commanding attention across clean energy, automotive innovation, and the broader market. With analyst coverage from top institutions, impressive revenue growth, and groundbreaking product launches on the horizon, the company is positioned as a dynamic force in its sector. Its strategic focus on innovation, coupled with expanding intellectual property and significant advancements in clean-tech, underscores a strong trajectory heading into 2025. We have all eyes on (WKSP) right now as it aims to capture attention with its momentum potential and transformative initiatives.  (WKSP) is the one name at the top of our screens this morning. Consider taking a closer look at (WKSP) while it’s still early. Keep a lookout for my next update. I’ll check back in with you shortly. Sincerely, Gary Silver Managing Editor, MarketCrux MarketCrux.com (“MarketCrux” or “MC” ) is owned by Headline Media LLC, a multi member limited liability company. Data is provided from third-party sources and MarketCrux is not responsible for its accuracy. Make sure to always do your own research and due diligence on any day and swing profile MC brings to your attention. Any emojis used do not have a specific defined meaning, and may be used inconsistently. We do not provide personalized in.vest.ment advice, are not in.vest.ment advisors, and any profiles we mention are not suitable for all in.vest.ors. The owners of Headline Media LLC own and operate marketcrux . com (“MC”). From time to time, MC will publicly disseminate information about a company via website, email, SMS and other points of media. Please see important disclosure information here: marketcrux.com/disclaimer/  *Pursuant to an agreement between Headline Media LLC and TD Media LLC, Headline Media LLC has been hired by TD Media LLC for a period beginning on 01/27/2025 and ending on 01/28/2025 to publicly disseminate information about (WKSP:US) via digital communications. Under this agreement, Headline Media LLC has been paid seven thousand five hundred USD (“Funds”) to disseminate information about (WKSP:US) via digital communications. To date, including under the previously described agreement, Headline Media LLC has been paid twenty-two thousand five hundred USD (“Funds”) for (WKSP:US). These Funds were part of the funds that TD Media LLC received from a third party who did not receive the funds from the issuer and does not own stock in the issuer but the reader should assume that the clients of the third party own shares in the issuer that they will liquidate at or near the time you receive this communication, which has the potential to hurt share prices. Neither Headline Media LLC, TD Media LLC or their members own shares of (WKSP:US). Please see important disclosure information here: https://marketcrux.com/disclosure/wksp/#details

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