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
公司将把利息收入转换为数字货币,分配高达10%的超额运营现金,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 -- (新闻文件 corp. - 2024年12月5日) - Worksport Ltd. (纳斯达克: WKSP) ("Worksport"或"公司"), 是一家总部位于美国的轻型货车、越野车和全球消费品领域的混合动力与清洁能源解决方案制造商和创新者,今天宣布在其公司财政策略上取得重大进展,开始采取初步措施采用BTC (比特币)和瑞波币( XRP). 根据该策略的初步决议,Worksport 董事会已批准购买最多500万美元的比特币和瑞波币,限制为超额运营现金的最多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数字货币作为价值储存和对抗通货膨胀的信念,符合全球日益增长的接受度和机构采纳。
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的营业收入持续显著增长。Worksport将在未来几天内更新投资者关于假日销售趋势的情况。公司还在准备推出其创新的便携式电源系统和太阳能卡车覆盖,为移动能源的未来铺平道路。
Key Components of Worksport's BTC (Bitcoin) / XRP (Ripple) Strategy:
Worksport的BTC (比特币) / 瑞波币 (XRP)策略的关键元件:
- 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).
- 超额运营现金分配:公司将承诺将运营中任何超额现金的高达10%用于购买BTC (比特币)和瑞波币(XRP)。
- 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.
- 加密电子商务:Worksport将在其电子商务平台上接受数字货币支付,提高客户便利性并拓展支付选项。预计数字货币交易将使公司在交易处理费用上节省最多37%。
- Interest Earnings Conversion: Worksport may convert interest earnings from cash held in money market accounts into Bitcoin and XRP.
- 利息收入转换:Worksport可能将保存在货币市场账户中的现金产生的利息收入转换为比特币和瑞波币。
- 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.
- 未来资金筹集:在未来的资本倡议中筹集的资金的指定百分比可能会分配用于长期持有比特币和瑞波币,巩固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)和瑞波币(XRP),反映了我们在保持运营效率和股东价值的同时,领先于市场趋势的承诺。随着我们扩展产品供应和全球影响力,数字货币有潜力成为强有力的战略补充",Worksport Ltd.首席执行官Steven Rossi表示。对数字货币投资的总分配将最高达到500万美元,未来可通过董事会决议进行调整。Worksport将根据当前市场控件战略性地调整其持有规模,以优化资产表现。
Strategic Vision for 2025 and Beyond
2025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的数字货币计划是其业务创新更广泛策略的一部分。从美国生产高质量、高需求的汽车配件,到开发像SOLIS太阳能货厢罩和COR便携式能源系统等清洁能源产品,并利用区块链概念,Worksport正在创建一个旨在实现指数增长的多元化生态系统。
Benefits of Accepting Crypto Payments
接受数字货币支付的好处
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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.
- 通过比特币和瑞波币整合实现成本效率
通过战略性地将资源分配给比特币和瑞波币并接受数字货币支付,Worksport将自身定位于金融创新的前沿。预计数字货币交易的成本将降低至37%,增强运营效率,符合全球数字资产采用的趋势,为股东和客户带来更大价值。
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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
- 利用支持数字货币的趋势
全球范围内向支持数字货币政策的转变以及比特币交易所交易基金(ETF)获批的可能性增加,提升了数字资产的吸引力。这些发展增强了比特币作为通货膨胀抵御价值储存的声誉,使其成为企业国库的有吸引力的资产。比特币常被称为"数字黄金",已发展为全球公认的价值储存方式,提供无与伦比的透明度、流动性和去中心化。瑞波币以其快速且低成本的跨境交易能力,补充比特币在重塑金融生态系统中的作用。
CEO Commentary
CEO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."
罗西补充道:“随着比特币和瑞波币继续获得投资者的关注和认可,成为主要的资产类别,我们相信它们可以作为强有力的财库储备资产。它们抵抗通胀的特性使它们越来越可靠,成为价值的储存。通过战略性地将我们一部分财库分配给这些数字资产并接受加密货币支付,我们正在增强我们的财务策略,并与全球金融的未来保持一致。随着我们的核心业务迅速增长和新产品即将推出,分散我们的财库补充了我们强劲的预计增长。我们相信这一举措将增强我们的资产负债表,并为我们的股东提供长期价值。”
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第三季度业绩会:第三季度营业收入激增至312万,较2023年第三季度的458,433增长581%。Worksport于2024年11月13日(星期三)举行了第三季度业绩会。准备好的发言稿和提供的业绩会文档可在Worksport的投资者关系网站上获得。
Key 2024 Press-Releases:
2024年重要新闻发布:
- 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宣布生产能力增加30%
- 11月21日:CEO内部购买;Worksport调查开空交易
- 10月29日:B20亿销售额增长200%;已启动AL4的预订活动
- 10月17日:纳斯达克授予延长期限以恢复合规
- 10月17日:新的战略计划预计节省超过200万美元
- 9月30日:ISO认证更新情况
- 9月19日:SOLIS & COR的Alpha版发布
- 9月11日:Worksport COR作为特斯拉Model 3的电动汽车续航器
- 8月14日:创下历史最高收入;第二季度增长275%
- 5月8日:Worksport获得2.8百万美元的拨款
Read all Worksport press releases: [Link to All Press Releases].
阅读Worksport所有新闻稿:[所有新闻稿链接].
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有限公司(纳斯达克股票代码:WKSP)通过其子公司设计、开发、制造并拥有各种软顶盖、太阳能集成以及NP(非寄生)氢基真绿色能源解决方案的知识产权,以应对可持续能源、清洁能源和汽车行业的需求。 Worksport与现代汽车合作开发了SOLIS太阳能软顶盖。此外,Worksport自家设计和制造的硬折叠盖与所有主要卡车型号兼容,并在包括电动汽车领域在内的新型卡车制造商中备受青睐。 Worksport旨在利用消费者日益倾向于清洁能源集成的转变,借助其专有太阳能解决方案、移动能源存储系统(ESS)以及NP(非寄生)氢基技术实现资本化。 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,
请关注公司在X(之前的Twitter)、Facebook、LinkedIn、YouTube和Instagram等社交媒体账户(统称"账户"),这些链接是指向外部第三方网站的链接,同时,请在investors.worksport.com订阅公司的新闻简报。除公司发布的内容外,公司不认可、确保这些第三方网站的内容准确性,也不对这些内容承担任何责任。
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.
请关注公司在X(之前的Twitter)、Facebook、LinkedIn、YouTube和Instagram等社交媒体账户(统称"账户"),这些链接是指向外部第三方网站的链接,同时,请在investors.worksport.com订阅公司的新闻简报。除公司发布的内容外,公司不认可、确保这些第三方网站的内容准确性,也不对这些内容承担任何责任。
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 (曾用名Twitter), | |
Facebook YouTube |
LinkedIn |
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,公司使用投资者关系网站、新闻发布、SEC备案以及公开电话会议和网络广播向投资者公布重要财务信息。公司还利用社交媒体宣布公司新闻和其他信息。公司鼓励投资者、媒体和其他人查阅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.
公司不会选择在社交媒体上泄露非公开的重要信息。如果有重要的财务信息,公司会通过新闻发布会或在发布到社交媒体之前通过SEC文件向公众广泛发布。
For additional information, please contact:
有关更多信息,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
前瞻性声明
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.
本文件包含的信息可能包含“前瞻性声明”。前瞻性声明反映了对未来事件的当前看法。在本新闻稿中使用的词语“预计”、“相信”、“估计”、“期望”、“未来”、“打算”、“计划”、“项目”、“设想”、“应该”或这些词的否定形式以及类似的表达,涉及我们或我们的管理层时,标识前瞻性声明。这些声明既不是历史事实,也不是对未来绩效的保证。相反,它们仅基于我们对未来业务、未来计划和策略、预测、预期事件和趋势、经济以及其他未来情况的当前信念、期望和假设。由于前瞻性声明涉及未来,因此它们受到固有的不确定性、风险和难以预测的情况变化的影响,其中许多超出我们的控制。我们的实际结果和财务状况可能与前瞻性声明中所指示的结果存在重大差异。因此,您不应依赖于这些前瞻性声明。可能导致我们的实际结果和财务状况与前瞻性声明中所指示的结果存在重大差异的重要因素包括但不限于以下因素:(i) 供应链延迟;(ii) 消费者对我们产品的接受度;(iii) 第三方延迟或不接受销售我们产品;以及 (iv) 来自其他同类产品生产商的竞争。有关公司及可能影响前瞻性声明实现的风险因素的更详细信息载于公司向SEC提交的文件中,包括但不限于我们10-K表格的年度报告和10-Q表格的季度报告。投资者和证券持有人被敦促在SEC网站www.sec.gov上免费阅读这些文件。由于这些事项、事实变化、假设未实现或其他情况,公司的实际结果可能与本新闻稿中讨论的预期结果存在重大差异。本新闻稿中所做的前瞻性声明仅在本新闻稿的日期成立,公司不承担更新这些声明以反映后续事件或情况的义务。
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承认投资数字货币固有的风险,包括市场波动和监管不确定性,并致力于通过监督和多元化策略来管理这些风险。追求这一投资的决定已由Worksport的董事会审议并批准,并符合公司的公司治理政策。
译文内容由第三方软件翻译。