Ute solar system deal

The producer of the TerraVis solar tonneau cover for utes, Worksport, has a US$70 million deal with a US-based electric truck manufacturer shortly after launching

the product.

The partnership between the two companies is expected to generate US$70m in revenues for Worksport in the near-to-mid-term, according to Worksport chief executive Steven Rossi.

Additional information about the agreement, including an official statement from the EV truck manufacturer, is expected in mid-September.

“The economic value of this pioneering relationship is expected to be of profound significance for Worksport and its future growth and development,” Rossi adds.

The TerraVis system, for that truck line, will be exclusively configured to provide the EV truck with a meaningful source of recharge, he says.

The TerraVis advanced folding truck bed tonneau cover system is a fusion of cutting-edge solar power, storage, and delivery, Worksport says.

The platform takes advantage of a standard ute’s practical capabilities, while also utilising the power of more sustainable and renewable energy.

Proprietary, high efficiency solar panels built into the rugged tonneau cover will collect the sun’s rays and store energy in multiple battery banks.

“We have been working around the clock to sort through the demand, field enquiries and make sense of what is best for Worksport going forward,” Rossi says.

“Clearly, this new relationship rose to the top of the list. At the same time, Worksport will continue to focus on growth as the lead innovator and manufacturer in the global automotive market for tonneau covers for electric and conventional light trucks.”

Any interested investors or shareholders can follow the company’s social media accounts on Twitter, Facebook, LinkedIn, and Instagram, as well as sign up for the company’s newsletters.

Visit www.worksport.com and www.goterravis.com for more information.