Worksport (WKSP) To Adopt Cryptocurrency, Bitcoin and XRP for Corporate Treasury
Worksport (WKSP) To Adopt Cryptocurrency, Bitcoin and XRP for Corporate Treasury
Company to Convert Interest Earnings to Cryptocurrency, Allocate Up to 10% of Excess Operational Cash, and Enable Crypto Transactions on Worksport.com
公司将把利息收益转换为加密货币,分配多达10%的剩余运营现金,并在Worksport.com上启用加密交易
West Seneca, New York--(Newsfile Corp. - December 5, 2024) - Worksport Ltd. (NASDAQ: WKSP) ("Worksport" or the "Company"), a U.S.-based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, today announced a significant advancement in its corporate treasury strategy by taking initial steps to adopt the cryptocurrencies BTC (Bitcoin) and XRP (Ripple). Under the initial resolution of this strategy, the Worksport Board of Directors has approved the purchase of up to $5 million in Bitcoin and XRP, limited to a maximum of 10% of excess operational cash. This strategic move is intended to enhance transaction efficiency and underscores the Company's long-term belief in cryptocurrency as a store of value and a hedge against inflation, aligning with the growing global acceptance and institutional adoption.
纽约西塞内卡--(Newsfile Corp.,2024年12月5日)——总部位于美国的轻型卡车、陆上运输和全球消费品行业混合和清洁能源解决方案的制造商和创新者Worksport Ltd.(纳斯达克股票代码:WKSP)(“Worksport” 或 “公司”)今天宣布,通过采取初步措施采用加密货币比特币(比特币)和瑞波币(瑞波币),其企业财资战略取得重大进展。根据该战略的最初决议,Worksport董事会已批准购买高达500万美元的比特币和XRP,最多限于剩余运营现金的10%。这一战略举措旨在提高交易效率,并强调公司长期以来对加密货币作为价值储存手段和对冲通货膨胀的信念,与日益增长的全球接受度和机构采用率保持一致。
Worksport's top line revenues continue to significantly expand. Worksport will update investors on holiday sales trends in the coming days. The Company is also preparing to release its innovative portable power system and solar truck cover, propelling it toward the future of mobile energy.
Worksport的收入继续大幅增长。Worksport将在未来几天向投资者通报假日销售趋势的最新情况。该公司还准备发布其创新的便携式电力系统和太阳能卡车罩,推动其走向移动能源的未来。
Key Components of Worksport's BTC (Bitcoin) / XRP (Ripple) Strategy:
Worksport的比特币(比特币)/XRP(瑞波币)策略的关键组成部分:
- Allocation of Excess Operational Cash: The Company will commit up to 10% of any excess cash from operations to purchase BTC (Bitcoin) and XRP (Ripple).
- 分配多余的运营现金:公司将承诺运营中多余现金的10%用于购买BTC(比特币)和XRP(瑞波币)。
- Crypto-Enabled Ecommerce: Worksport will accept cryptocurrency payments on its e-ecommerce platform, , enhancing customer convenience and expanding its payment options. Cryptocurrency transactions are expected to cost the Company up to 37% less in transaction processing fees.
- 支持加密的电子商务:Worksport将在其电子商务平台上接受加密货币支付,从而增强客户便利性并扩展其支付选项。预计加密货币交易将使公司的交易处理费用减少多达37%。
- Interest Earnings Conversion: Worksport may convert interest earnings from cash held in money market accounts into Bitcoin and XRP.
- 利息收益转换:Worksport可能会将货币市场账户中持有的现金的利息收益转换为比特币和XRP。
- Future Capital Raises: A designated percentage of funds raised in future capital initiatives may be allocated to long-term holdings of Bitcoin and XRP, reinforcing the Company's commitment to these digital assets.
- 未来资本筹集:未来资本计划中筹集的资金的指定比例可能会分配给比特币和XRP的长期持有,从而加强了公司对这些数字资产的承诺。
"Our upcoming adoption of Bitcoin (BTC) and XRP (Ripple) reflects our commitment to staying ahead of market trends while prioritizing operational efficiency and shareholder value. As we expand our product offerings and global reach, cryptocurrency has the potential to be a strong strategic complement" said Steven Rossi, Chief Executive Officer of Worksport Ltd. The total allocation for cryptocurrency investments will be up to a maximum of $5 million, which may be adjusted through future board resolutions. Worksport will strategically size its holdings based on prevailing market conditions to optimize asset performance.
“我们即将采用比特币(BTC)和XRP(瑞波币)反映了我们对保持市场趋势领先地位的承诺,同时优先考虑运营效率和股东价值。随着我们扩大产品范围和全球影响力,加密货币有可能成为强有力的战略补充。” Worksport Ltd首席执行官史蒂文·罗西说,加密货币投资的总配置将高达500万美元,这可能会通过未来的董事会决议进行调整。Worksport将根据当前的市场状况战略性地调整其持股规模,以优化资产表现。
Strategic Vision for 2025 and Beyond
2025 年及以后的战略愿景
Worksport's cryptocurrency initiatives are part of a broader strategy to innovate across all facets of its business. From American production of high-quality, highly demanded automotive accessories to developing clean energy products like the SOLIS solar tonneau cover and COR portable energy system, and leveraging blockchain technology, Worksport is creating a diversified ecosystem designed for exponential growth.
Worksport的加密货币计划是其业务各个方面进行创新的更广泛战略的一部分。从美国生产高质量、需求量很大的汽车配件,到开发SOLIS太阳能酒桶盖和COR便携式能源系统等清洁能源产品,再到利用区块链技术,Worksport正在创建一个专为指数增长而设计的多元化生态系统。
Benefits of Accepting Crypto Payments
接受加密支付的好处
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Cost Efficiency Through Bitcoin and XRP Integration
By strategically allocating resources to Bitcoin and XRP and embracing cryptocurrency payments, Worksport positions itself at the forefront of financial innovation. Crypto transactions are anticipated to cost up to 37% less, enhancing operational efficiency, aligning with global trends toward digital asset adoption and delivering increased value to shareholders and customers alike.
- 通过比特币和XRP集成提高成本效率
通过战略性地向比特币和XRP分配资源并采用加密货币支付,Worksport将自己定位在金融创新的最前沿。预计加密交易的成本将降低多达37%,从而提高运营效率,符合采用数字资产的全球趋势,并为股东和客户带来更高的价值。
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Capitalizing on Pro-Crypto Momentum
The global shift toward pro-cryptocurrency policies and the increasing likelihood of Bitcoin exchange traded fund approvals have heightened the appeal of digital assets. These developments bolster Bitcoin's reputation as an inflation-resistant store of value, making it an attractive asset for corporate treasuries. Bitcoin, often dubbed "digital gold," has evolved into a globally recognized store of value, offering unparalleled transparency, liquidity, and decentralization. XRP, with its fast and low-cost cross-border transaction capabilities, complements Bitcoin in reshaping the financial ecosystem
- 利用支持加密的势头
全球向支持加密货币的政策的转变以及比特币交易所交易基金获得批准的可能性越来越大,这增强了数字资产的吸引力。这些发展巩固了比特币作为抗通胀价值储存手段的声誉,使其成为企业国库的有吸引力的资产。比特币通常被称为 “数字黄金”,已经发展成为全球认可的价值储存手段,提供了无与伦比的透明度、流动性和去中心化。XRP凭借其快速和低成本的跨境交易能力,在重塑金融生态系统方面补充了比特币
CEO Commentary
首席执行官评论
Rossi adds: "As Bitcoin and XRP continue to gain investor attention and acceptance as major asset classes, we believe they may serve as strong treasury reserve assets. Their inflation-resistant characteristics make them increasingly reliable stores of value. By strategically allocating a portion of our treasury to these digital assets and accepting crypto payments, we're enhancing our financial strategy and aligning ourselves with the future of global finance. With our core business growing rapidly and new products launching soon, diversifying our treasury complements our strong projected growth. We believe this move will strengthen our balance sheet and provide long-term value to our shareholders."
罗西补充说:“随着比特币和XRP作为主要资产类别继续获得投资者的关注和接受,我们认为它们可能成为强大的国库储备资产。它们的抗通货膨胀特性使它们成为越来越可靠的价值储存手段。通过战略性地将部分国库分配给这些数字资产并接受加密支付,我们正在加强我们的财务战略,并与全球金融的未来保持一致。随着我们的核心业务快速增长,新产品即将推出,我们的资金多元化是对我们强劲的预期增长的补充。我们相信,此举将加强我们的资产负债表,为股东提供长期价值。”
Worksport Q3 Earnings Call: Third quarter revenue surged to $3.12 million-a 581% year-over-year increase compared to $458,433 in Q3 2023. Worksport held its Q3 2024 earnings call on Wednesday, November 13, 2024. The prepared remarks and presented earnings call deck are available at Worksport's Investor Relations website.
Worksport第三季度财报电话会议:第三季度收入激增至312万美元,同比增长581%,而2023年第三季度为458,433美元。Worksport于2024年11月13日星期三举行了2024年第三季度财报电话会议。准备好的讲话和提供的财报电话会议可在Worksport的投资者关系网站上查阅。
Key 2024 Press-Releases:
2024 年重要新闻稿:
- November 22: Worksport Announces 30% Increase in Production Capacity
- November 21: CEO Insider Purchase; Worksport Investigates Short Selling
- October 29: 200% Growth in B2B Sales; Pre-Order Campaign Initiated For AL4
- October 17: Nasdaq Grants Extension To Regain Compliance
- October 17: $2MM+ Projected Savings From New Strategic Initiative
- September 30: Update On ISO Certification
- September 19: Alpha Launch of SOLIS & COR
- September 11: Worksport COR as an EV Range Extender for Tesla Model 3
- August 14: Record High Revenues; 275% Q2 Growth
- May 8: Worksport Awarded $2.8MM Grant
- 11 月 22 日:Worksport 宣布产能增加 30%
- 11月21日:首席执行官内幕收购;Worksport调查卖空情况
- 10 月 29 日:B20销售额增长200%;AL4的预购活动已启动
- 10月17日:纳斯达克批准延期以恢复合规
- 10月17日:新战略计划预计可节省超过200万美元
- 9 月 30 日:ISO 认证更新
- 9 月 19 日:SOLIS & COR 的 Alpha 版本发布
- 9 月 11 日:Worksport COR 作为特斯拉 Model 3 的电动汽车续航里程扩展器
- 8 月 14 日:收入创历史新高;第二季度增长 275%
- 5 月 8 日:Worksport 获得了 280 万美元的补助金
Read all Worksport press releases: [Link to All Press Releases].
阅读所有 Worksport 新闻稿:[链接到所有新闻稿].
About Worksport
关于 Worksport
Worksport Ltd. (NASDAQ: WKSP), through its subsidiaries, 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 for the sustainable, clean energy, and automotive industries. Worksport has an active partnership with Hyundai for the SOLIS Solar cover. Additionally, Worksport's hard-folding cover, designed and manufactured in-house, is compatible with all major truck models and is gaining traction with newer truck makers including the EV sector. Worksport seeks to capitalize on the growing shift of consumer mindsets towards clean energy integrations with its proprietary solar solutions, mobile energy storage systems (ESS), and NP (Non-Parasitic), Hydrogen-based technology. Terravis Energy's website is terravisenergy.com. For more information, please visit investors.worksport.com.
Worksport Ltd.(纳斯达克股票代码:WKSP)通过其子公司设计、开发、制造和拥有各种酒桶盖、太阳能集成以及用于可持续、清洁能源和汽车行业的氢基真绿色能源解决方案NP(非寄生)的真正绿色能源解决方案的知识产权。Worksport与现代积极合作开发SOLIS Solar保护罩。此外,Worksport的硬折叠式车罩由内部设计和制造,与所有主要的卡车型号兼容,并且越来越受到包括电动汽车行业在内的新型卡车制造商的关注。Worksport旨在利用其专有的太阳能解决方案、移动储能系统(ESS)和基于氢的NP(非寄生)技术,利用消费者心态日益向清洁能源整合的转变。Terravis Energy的网站是terravisenergy.com。欲了解更多信息,请访问investors.worksport.com。
Connect with Worksport
连接 Worksport
Please follow the Company's social media accounts on X (previously Twitter), Facebook,
请在 X(前身为 Twitter)、Facebook 上关注公司的社交媒体账户
LinkedIn, YouTube, and Instagram (collectively, the "Accounts"), the links of which are links to external third party websites, as well as sign up for the Company's newsletters at investors.worksport.com. The Company does not endorse, ensure the accuracy of, or accept any responsibility for any content on these third-party websites other than content published by the Company.
领英、YouTube和Instagram(统称为 “账户”),其链接是指向外部第三方网站的链接,也可以在investors.worksport.com上订阅公司的时事通讯。除公司发布的内容外,本公司不认可、确保这些第三方网站上的任何内容的准确性或承担任何责任。
Product social media | Investor social media |
X (formerly Twitter) | |
Facebook YouTube |
LinkedIn |
产品社交媒体 | 投资者社交媒体 |
X(前身为 Twitter) | |
Facebook 优酷 |
领英 |
Investors and others should note that the Company announces material financial information to our investors using our investor relations website, press releases, SEC filings, and public conference calls and webcasts. The Company also uses social media to announce Company news and other information. The Company encourages investors, the media, and others to review the information the Company publishes on social media.
投资者和其他人应注意,公司使用我们的投资者关系网站、新闻稿、美国证券交易委员会文件以及公开电话会议和网络广播向我们的投资者公布重要的财务信息。该公司还使用社交媒体发布公司新闻和其他信息。公司鼓励投资者、媒体和其他人查看公司在社交媒体上发布的信息。
The Company does not selectively disclose material non-public information on social media. If there is any significant financial information, the Company will release it broadly to the public through a press release or SEC filing prior to publishing it on social media.
公司不会有选择地在社交媒体上披露重要的非公开信息。如果有任何重要的财务信息,公司将在社交媒体上发布之前,通过新闻稿或美国证券交易委员会文件向公众广泛发布。
For additional information, please contact:
如需更多信息,请联系:
Investor Relations, Worksport Ltd. T: 1 (888) 554-8789 -128 W: investors.worksport.com W: E: investors@worksport.com
投资者关系,Worksport Ltd. T:1 (888) 554-8789 -128 W:investors.worksport.comW: E: investors@worksport.com
Forward-Looking Statements
前瞻性陈述
The information contained herein may contain "forward‐looking statements." Forward‐looking statements reflect the current view about future events. When used in this press release, the words "anticipate," "believe," "estimate," "expect," "future," "intend," "plan," "project,", "envisioned", "should," or the negative of these terms and similar expressions, as they relate to us or our management, identify forward‐looking statements. These statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: (i) supply chain delays; (ii) acceptance of our products by consumers; (iii) delays in or nonacceptance by third parties to sell our products; and (iv) competition from other producers of similar products. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the SEC, including, without limitation, our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC's web site at www.sec.gov. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, the Company's actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. The forward-looking statements made in this press release are made only as of the date of this press release, and the Company undertakes no obligation to update them to reflect subsequent events or circumstances.
此处包含的信息可能包含 “前瞻性陈述”。前瞻性陈述反映了当前对未来事件的看法。在本新闻稿中使用时,“预测”、“相信”、“估计”、“期望”、“未来”、“打算”、“计划”、“项目”、“设想”、“应该” 或这些术语中的否定词以及与我们或我们的管理层相关的类似表述均表示前瞻性陈述。这些陈述既不是历史事实,也不是对未来表现的保证。相反,它们仅基于我们当前对业务未来、未来计划和战略、预测、预期事件和趋势、经济和其他未来状况的信念、预期和假设。由于前瞻性陈述与未来有关,因此它们会受到固有的不确定性、风险和环境变化的影响,这些变化难以预测,其中许多是我们无法控制的。我们的实际业绩和财务状况可能与前瞻性陈述中显示的业绩和财务状况存在重大差异。因此,您不应依赖这些前瞻性陈述中的任何一项。可能导致我们的实际业绩和财务状况与前瞻性陈述中显示的业绩和财务状况存在重大差异的重要因素包括:(i)供应链延迟;(ii)消费者接受我们的产品;(iii)第三方延迟或不接受销售我们的产品;(iv)来自其他类似产品生产商的竞争。有关公司和可能影响前瞻性陈述实现的风险因素的更多详细信息,见公司向美国证券交易委员会提交的文件,包括但不限于我们的10-k表年度报告和10-Q表季度报告。我们敦促投资者和证券持有人在美国证券交易委员会的网站www.sec.gov上免费阅读这些文件。由于这些问题、事实变化、假设未实现或其他情况,公司的实际业绩可能与本新闻稿中包含的前瞻性陈述中讨论的预期业绩存在重大差异。本新闻稿中的前瞻性陈述仅在本新闻稿发布之日作出,公司没有义务更新这些陈述以反映随后的事件或情况。
Worksport acknowledges the inherent risks of investing in cryptocurrency, including market volatility and regulatory uncertainties, and is committed to managing these risks through oversight and diversification strategies. The decision to pursue this investment has been reviewed and approved by the Board of Directors of Worksport and complies with the Company's corporate governance policies.
Worksport承认投资加密货币的固有风险,包括市场波动和监管的不确定性,并致力于通过监督和多元化策略来管理这些风险。进行这项投资的决定已经过Worksport董事会的审查和批准,符合公司的公司治理政策。