Worksport Ltd. (NASDAQ:WKSP) said Thursday it has obtained critical transport and federal approvals for its COR Portable Energy System, with final UL safety certifications expected to be completed in the first quarter of 2026. According to InvestingPro data, the micro-cap company, which has a market capitalization of approximately $12.8 million, appears undervalued at current levels, with analysts projecting revenue growth of 131% for fiscal 2025.
The company confirmed it has received UN38.3, MSDS and DGM965 certifications, enabling global shipment of lithium batteries by air, sea and rail. It has also secured FCC and ISED declarations of conformity for electromagnetic compatibility, in addition to meeting California Proposition 65 and Toxic Substances Control Act standards.
The COR power station is now undergoing final testing for UL 2743, UL 1741, UL 2054 and CSA 62133-1 certifications—standards often required by major retail chains before agreeing to carry such products.
“Securing these certifications is not merely a technical formality; it is a commercial necessity that separates enterprise-grade products from the rest of the pack,” said Steven Rossi, CEO of Worksport.
The COR system can integrate with the company’s SOLIS Solar Tonneau Cover for pickup trucks, forming what Worksport describes as a “Nano-Grid” that captures solar energy and stores it in a detachable battery unit.
With these regulatory milestones achieved, the company said it is moving forward with discussions involving OEM partners, corporate fleet operators and potential distributors to broaden U.S. market access.
Based in West Seneca, New York, Worksport designs and manufactures tonneau covers, solar-integrated systems and portable power solutions for the automotive aftermarket.
In related developments, Worksport recently reported progress with its ZeroFrost™ anti-frost heat pump technology, accelerating certification and commercialization timelines. The company expects its Aetherlux™ Pro heat pump featuring ZeroFrost technology to enter formal certification sooner than planned, targeting industry standards by 2026. Its subsidiary, Terravis Energy, has also partnered with an Asian manufacturer to mass-produce the Aetherlux Pro Zerofrost Heat Pump, with commercial rollout anticipated in late 2026. The collaboration is designed to address potential global HVAC demand without requiring new manufacturing facilities.
Separately, H.C. Wainwright reiterated its Buy rating on Worksport and maintained a $11.50 price target, pointing to recent commercial shipments of the company’s clean energy products. Worksport has begun delivering its SOLIS Solar Tonneau Cover and COR Portable Energy System, marking a milestone in its broader commercialization efforts. The company is also expanding beyond direct-to-consumer sales by pursuing long-term supply agreements with auto parts retailers and dealerships. Additionally, Worksport introduced a solar truck bed cover tailored for the Rivian R1T electric pickup, with shipments expected to begin by mid-January.