Worksport Ltd WKSP has signed a strategic partnership with NeuronicWorks Inc., a Toronto-based high-tech custom electronic product development and manufacturing company.
The partnership is related to manufacturing and assembling the COR battery system in preparation for the system's anticipated Alpha release.
"Selecting a high-tech manufacturing partner like NeuronicWorks is a big step for Worksport on the road to the eventual market introduction of the revolutionary and world-beating SOLIS solar light truck cover and its companion COR battery system," said Worksport CEO Steven Rossi.
Along with supplying Worksport's circuit boards for the COR hub, NeuronicWorks will perfect the construction of the full unit.
The move is expected to steer towards manufacturing the COR system in Canada and eventually launching it using both international and domestic parts.
"We will be able to consistently observe NeuronicWorks' manufacturing our COR battery system. In addition, the physical proximity of Worksport and NeuronicWorks in the Toronto area allows for a deep synergy," said Rafael Oliveira, Worksport's Chief Technology Officer.
Worksport designs, develops, manufactures, and owns the intellectual property on a variety of tonneau covers, solar integrations, and NP (Non-Parasitic), Hydrogen-based true green energy solutions.
Price Action: WKSP shares traded lower by 1.40% at $1.4199 on Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
