Company: WKSP
Filing Date: 2025-11-14
Form Type: S-3
Source: 0001493152-25-023663
Chunk: 12

Company: Worksport Ltd
Filing Date: 2025-11-14
Form: S-3
Chunk 12
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2025. These updates demonstrate our dedication to meeting the growing demand for our products. Intellectual Property As of November 14, 2025, our patent portfolio consists of approximately twenty-two (22) issued utility patents and forty-nine (49) pending utility patent applications in various jurisdictions worldwide. Our portfolio further includes approximately fifty (50) design registrations and twenty-six (26) pending design applications in various jurisdictions worldwide. We are also in the process of preparing and filing several other utility and design patent applications across relevant countries and jurisdictions. As of November 14, 2025, the Company has approximately forty-one (41) trademark registrations and twelve (12) pending trademark applications in various jurisdictions worldwide. Our Markets We primarily compete in the Automotive Aftermarket Accessories and New Energy industries with a focus on the Tonneau Cover and Portable Power Station Markets. Tonneau Cover Market We offer various types of tonneau covers, primarily focusing on developing affordable and high-functioning soft and hard folding covers. The demand for pickup truck accessories is expected to grow, with electric pickup trucks gaining popularity. Our covers cater to the market for truck beds and utility modifications and are sold through various channels, including direct-to-consumer and retailer/dealer sales. The pickup truck market in North America is projected to see significant growth, and our SOLIS cover addresses the need for charging infrastructure for electric pickup trucks. The specialty automotive aftermarket is subject to consumer spending trends, which may affect sales of accessories like tonneau covers. Our covers are popular among pickup truck owners who use their vehicles for work, travel, outdoor recreation, and off-roading. They are sold through various channels, including business-to-business (B2B) channels like online retailers, distributors, and dealers, along with direct-to-consumers (D2C) via. Worksport’s e-commerce website.

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Portable Power Station Market

The Portable Power Station Market is a young and globalized industry. It is expected to grow from $4.49 billion to $6.13 billion by 2032 at a compound annual growth rate of 3.90% 1. North America’s market is currently valued at $1.28 billion with a 3.8% compound annual growth rate 2. When paired with the SOLIS cover, we believe the COR energy storage system will be unique in that it can be safely charged while in motion.

1 Source: Precedence Research. Portable Power Station Market. Retrieved from https://www.precedenceresearch.com/portable-power