Worksport Ltd. (NASDAQ: WKSP) shares moved a tad lower Thursday. The U.S.-based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, announce a development for its advanced solar technology system. The Worksport SOLIS solar tonneau cover will be improved to operate at 60V, a meaningful upgrade that is believed to bring substantial cost savings to consumers, expand the addressable market size, and simplify integration with a wider range of other battery generator systems existing in the marketplace.
The change to 60V output provides strong benefits to Worksport's upcoming SOLIS solar cover product line. Key benefits include:
• Cost Savings: Anticipated savings of up to $400 USD for the end user, allowing Worksport’s patented SOLIS solar cover to be affordable for a larger portion of the huge global pickup truck market.
• Broader Compatibility: Enhanced compatibility with a wider range of existing portable energy systems, expanding market potential.
• Same Performance, Less Complex: The lower voltage is not expected to impact the cover’s performance, while also reducing the complexity of Worksport’s Maximum Power Point Tracking (MPPT) system.
• Simplified Systems: The 60V configuration streamlines the SOLIS cover and the COR portable energy storage systems, simplifying installation and user experience.
WKSP shares doffed two cents, or 2.7%, to 72 cents.
