Company: WKSP
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000850
Chunk: 91

Company: Worksport Ltd
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1
Chunk 91
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 of our cold climate heat pump – the Aetherlux Heat Pump –
which has showcased exceptional efficiency test results, and we are developing an enhanced version that has demonstrated in a lab environment
remarkable efficiency in heating and cooling across both extreme hot and cold climates.

8

Worksport
SOLIS

The
SOLIS, a tonneau cover with integrated solar panels, is a unique, folding tonneau cover design influenced by that of our top mounted
hard tonneau cover but capable of handling additional solar panel weight without sacrificing user experience. It additionally includes
cutting edge, monocrystalline, semi-flexible solar panels and a wiring management system designed to prevent wear and tear to its wires.
Its solar panels are secured to aluminum alloy panels both mechanically and using specialized adhesives, which ensure the covers are
extremely strong, durable, and secure. The SOLIS cover is intended to be sold as an Original Equipment Manufacturer product, as it can
be integrated into the design of leading electric pickup trucks; consequently, we have and will continue to forge and develop relationships
with such Original Equipment Manufacturers, including but not limited to Workhorse, Rivian, and Tesla as well as Toyota, Stellantis,
General Motors, Ford, Nissan, Fisker, and Honda, as they develop and continue to release updated versions of their electric pickup truck
lineups. The SOLIS will additionally be purchasable with or without a rail system add-on, which provides enhanced utility and enhanced
weather resistance and sealing.

The
solar panels that we plan to integrate into the SOLIS cover are capable of generating 170-180 watts per square meter. For example, as
tested outdoors, the SOLIS cover is capable of generating approximately 460 watts of power on a RAM 6’5” truck bed. When
integrated into the design of an electric pickup truck, this power generation can be converted to additional vehicle mileage. The specific
added mileage is dependent on many factors including but not limited to the region of the world in which the vehicle is driven, weather
conditions, season, temperature, hours of sunlight per day, and average irradiance. For example, assuming a solar power density of 170
W/m2, battery capacity of 98 kWh, mileage range of 300 miles, average hours of sun per day of 6 hours, average irradiance
per day of 700 W/m2, and surface area of 2.7 m2, the SOLIS cover