Worksport doubles Bitcoin holdings, scales production, discusses new OEMs.

• Worksport doubles Bitcoin holdings through treasury strategy • Production capacity scales to meet growing demand • New automotive OEM discussions underway • Increased brand visibility through marketing initiatives • Continued momentum into Q3 and Q4 2025 • Strong growth in business fundamentals • Positive outlook for future financial results • Q2 2025 financial results to be released on August 13, 2025

Worksport Ltd. (NASDAQ: WKSP), a leading manufacturer of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, has provided a strategic update highlighting its continued expansion across key operational and financial verticals. The company, based in West Seneca, New York, expects to release its Q2 2025 financial results on August 13, 2025.

One of the notable developments is Worksport's doubling of its Bitcoin holdings, achieved through a successful treasury strategy. The company's digital asset portfolio, which includes Bitcoin and XRP, has increased in value by approximately 15% since the initial purchase. This move aligns with the company's long-term risk mitigation philosophy and its view that cryptocurrency exposure can serve as a hedge against inflation and monetary devaluation [1].

Worksport has also announced plans to double its production capacity by acquiring a state-of-the-art manufacturing machine. The new equipment is expected to raise the company's annual output from over $50 million to over $100 million. The favorable financing terms and deferred shipping terms provide the company with the flexibility to deploy the equipment based on sales acceleration and market demand [1].

In addition to production capacity expansion, Worksport is engaging in strategic conversations with two additional automotive original equipment manufacturers (OEMs). These outreach efforts build on existing traction, including a paid pilot program with a top-15 U.S. construction company for the company's COR and SOLIS products. The company is optimistic that these B2B engagements may lead to further commercial partnerships, recurring revenue channels, and increased brand visibility [1].

To enhance brand visibility, Worksport is evaluating several brand amplification initiatives involving nationally recognized partners. These efforts are designed to deepen consumer trust and strengthen positioning in both traditional and clean-tech product verticals [1].

Looking ahead, Worksport is positioned for a transformational Q3 and Q4 2025. The company's upcoming launch of the COR portable energy system and SOLIS solar tonneau cover is projected for Fall 2025, targeting a $13 billion market. The company expects to achieve a projected year-end revenue target of $20 million, driven by record-breaking monthly production and accelerating sales growth [1].

Investors and analysts are encouraged to register in advance for the Worksport's Q2 2025 live webcast, scheduled for 1pm ET on August 13, 2025. For further information, please visit the company's investor relations website at investors.worksport.com.

References:
[1] https://www.globenewswire.com/news-release/2025/08/07/3129345/0/en/Worksport-WKSP-Issues-Corporate-Update-Bitcoin-Holdings-Double-Production-Capacity-Scales-New-Automotive-OEM-Discussions-and-Brand-Visibility-Initiatives.html