Thursday, December 05, 2024

AI News and Stocks on the Move (NASDAQ: $AMZN), (NASDAQ: $ALTR) (NYSE: $EPAM)



 

 

 

 

 

 

 

 

 

 

 

 

AI News and Stocks on the Move  (NASDAQ: $AMZN), (NASDAQ: $ALTR) (NYSE: $EPAM)

 

 

Delta, Kelowna, BC, December 5th, 2024 (Investorideas.com Newswire), investorideas.com,  a global news source covering leading sectors including Artificial Intelligence (AI) releases today’s podcast edition of the  AI Eye podcast -news and stocks to watch plus insight from thought leaders and experts.

 

Listen to the podcast on Spreaker

https://www.spreaker.com/episode/ai-news-and-stocks-on-the-move-nasdaq-amzn-nasdaq-altr-nyse-epam--63172494

Read this in full at https://www.investorideas.com/news/2024/artificial-intelligence/12051AMZN-ALTR-EPAM.asp

 

Today’s podcast overview/transcript:

 

In today’s podcast we look at a few public company announcements and how the AI sector is impacting aviation and medical technology as well as some great new potential in advertising.

 

Amazon Web Services (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN) and poolside, the frontier artificial intelligence (AI) unicorn valued at $3 billion in an October funding round, announced a multi-year agreement to make poolside's generative AI Assistant and foundation models (FMs) available in Amazon Bedrock. Amazon Bedrock is a fully-managed service that offers developers access to high-performing models from leading AI companies through a single API. As a result, enterprise customers will soon be able to customize poolside's generative AI Assistant for software development with their own data, leveraging the security, privacy, and performance of AWS.

 

As part of the agreement, poolside will also leverage AWS Trainium chips to power inference for its malibu and point foundation models, enabling optimal price performance for customers. AWS Trainium is a high-performance machine learning chip designed to reduce the time and cost of running generative AI models. AWS customers are now able to deploy poolside securely on Amazon Elastic Cloud Compute (EC2) and will soon be able to so through Amazon Bedrock, relying on Amazon EC2 Trainium instances for inference.

Solving for the generative AI needs of enterprise organizations


Bringing poolside's models to Amazon Bedrock and EC2 provides enterprise customers of both companies with a unique advantage to solving complex software engineering tasks and driving development productivity for their organizations through generative AI. poolside FMs are designed to be fine-tuned with each business's code and data, producing a proprietary generative AI model and software engineering assistant for that specific business. poolside in Amazon Bedrock and EC2 will enable enterprise organizations to meet security, privacy and compliance concerns and quickly deploy their custom generative AI models. AWS customers will be able to deploy poolside models where their data is stored, within their firewalls, on the world's most secure cloud, and with no data shared back with poolside. 

 

poolside's Reinforcement Learning From Code Execution Feedback (RLCEF) technique runs on AWS today, powering approximately one million container images, while allowing for 10,000 code executions per minute. RLCEF allows poolside to generate synthetic training data at scale by exposing models to realistic coding tasks in real-world code bases, providing feedback based on code execution, and employing a large-scale Reinforcement Learning approach for training. Proving RLCEF at scale is what allows poolside models to train on increasingly more data without relying on any of their customers' data – enabling enterprise customers to deploy models securely and privately.

 

"We've been incredibly impressed with the AWS team and are excited to partner on this journey to unlock more of the potential of AI for software development," said poolside CEO Jason Warner. "Today, the majority of developers sit within an enterprise environment where access to these tools is scarce and their full potential is not yet realized. Companies of this scale need a tailored model that can both capture their proprietary knowledge and learn from their interactions over time. That is what we've built, and AWS's reputation and depth within the enterprise is key to accelerating adoption and impact."

 

"Giving AWS customers the flexibility to run poolside in Amazon Bedrock or on their own EC2 instances will further enhance their ability to innovate with generative AI," said Dave Brown, Vice President, AWS Compute & Networking Services. "poolside offers a unique solution for software engineering teams of large enterprise customers looking to build and scale generative AI applications through foundation models without sacrificing privacy and security. It's yet another way for enterprise organizations to leverage their internal knowledge base to build proprietary, tailored solutions."

 

Streamlined procurement, contracting, and budgeting through their relationship with AWS makes it even easier for AWS customers to experiment securely with poolside.

 

AWS is the first cloud provider to offer fully-managed models from poolside. The poolside Assistant is powered by models ideal for software development and coding-related use cases: poolside's malibu and point generative AI models. poolside's FMs are trained on the world's largest pool of code execution data and fine-tuned on how large enterprises write software. malibu is highly versatile and excels at tackling complex engineering challenges, delivering intricate code generation and test and documentation generation. point is engineered for rapid code completion, leveraging advanced context awareness to accurately predict developers' needs. point offers real-time suggestions for algorithm optimization and design patterns. With poolside, Amazon Bedrock customers will soon have their own proprietary models, fine-tuned on their own data, that continuously learn how their developers write code.

 

Altair (Nasdaq: ALTR), announced that it will work together with Auburn University's Samuel Ginn College of Engineering on a $1.25 million AFWERX Phase II STTR contract. The two organizations will develop analytical models for cyclonic flows, construct computational models, and study the stability of different vortex engines to address the challenges facing public and private sector aerospace organizations.

 



 

Within the contract, Altair is assuming the previous role of Research in Flight, which was founded in 2013 and won a series of development contracts and grants over a 10-year span. Altair acquired Research in Flight in April 2024 and its technology is now known as Altair® FlightStream™, part of the Altair® HyperWorks® platform.

 

"This opportunity continues Altair's legacy of innovation in the aerospace industry and demonstrates the power of our technology as we work closely with a prestigious institution such as Auburn University," said Pietro Cervellera, senior vice president of aerospace and defense, Altair. "FlightStream empowers users in unique ways, bridging the gap between high-fidelity CFD simulations and engineering demands to set industry standards for efficiency, accuracy, and speed."

 

Within the project, the Auburn University team – led by Dr. Joe Majdalani, the university's Hugh and Loeda Francis Chair of Excellence in the department of aerospace engineering – will use FlightStream to identify optimal conditions within vortex engines. FlightStream will help the team predict cyclonic flow performance and acoustic signature characteristics at a fraction of the time compared to previous methods. These models will enable users to rapidly predict the stability performance of thrust engines earlier in the design cycle over a range of operating conditions.

 

"This contract allows us to develop next-generation solutions for vortex engines and collaborate with Altair, whose decades of experience and technology now includes the tool from Research in Flight," Majdalani said. "Previously, each test seeking to study vortex engine capabilities and stability limitations took about two weeks. With FlightStream, these same predictions take just a few minutes. We are thrilled to see how these tools will transform this space."

 

The contract is awarded by AFWERX. AFWERX is the innovation arm of the United States Department of the Air Force (DAF) that harnesses cutting-edge American ingenuity from small businesses and startups to address the most pressing challenges of the DAF. Since 2019, AFWERX has executed over 6,200 new contracts worth more than $4.7 billion to strengthen the U.S. defense industrial base and drive faster technology transition to operational capability.

 

EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, announced the successful completion of its acquisition of First Derivative, a Northern Ireland-headquartered managed services and consulting business for the capital markets industry with more than 1,800 employees worldwide and major delivery capability in the U.K., Ireland, North America and APAC.

 

First Derivative has one of the largest, fully dedicated capital markets consulting teams in the world. The Company deploys a range of technology capabilities to assist clients in meeting their technology challenges, including application development and modernization, real-time data platforms, robotic process automation, machine learning and artificial intelligence.

 

"As we complete this acquisition, we are excited to welcome First Derivative's talented team and client base to EPAM," said Balazs Fejes, President of Global Business and Chief Revenue Officer, EPAM. "This partnership brings together EPAM's digital, AI, cloud and engineering capabilities with First Derivative's expertise in financial services. Whilst First Derivative has historically been a key player in financial services and capital markets, we see significant opportunity to apply First Derivative's specializations in regulated industries and implementations of specialized commercial software solutions to our wider customer base."

 

EPAM will leverage First Derivative's strong industry experience and brand to deliver a comprehensive set of AI-enabled capabilities to clients in banking, capital markets and other financially regulated businesses across North America, Europe and APAC.

 

"We are pleased to officially join forces with EPAM, a partner whose commitment to technological innovation aligns perfectly with our vision," said David Collins, CEO, First Derivative. "Together, EPAM and First Derivative offer strengthened financial services to clients, empowering operational insights, driving innovation and more effectively managing risk in an increasingly data-driven landscape."

 

Neusoft Medical Systems Co., Ltd., a global leader in medical imaging solutions and services, announced its participation in the Radiological Society of North America (RSNA) 2024 Annual Meeting, taking place in Chicago from December 1-5.

 

RSNA is the world's premier scientific and educational event for the radiological sciences, bringing together leading professionals from around the globe. At this year's meeting, Neusoft Medical Systems is showcasing its cutting-edge portfolio of AI-powered medical imaging technologies designed to enhance diagnostic precision, streamline clinical workflows, and expand access to quality care globally.

 

"At Neusoft Medical Systems, we empower radiologists to address clinical challenges while enhancing the accessibility and affordability of medical imaging for regions and communities in need," said Patrick Wu, CEO of Neusoft Medical Systems. "By integrating advanced medical imaging, artificial intelligence, and clinical expertise, we aim to provide caregivers with comprehensive tools for accurate diagnoses. We look forward to engaging with industry leaders at RSNA 2024 to further advance healthcare through innovation."

 

The booth features a variety of groundbreaking innovations, including:

       NeuViz Epoch+ CT: A 512-slice CT capable of freezing cardiac in one beat by 0.235s ultra-fast rotation speed. Its AI-powered ClearInfinity reconstruction delivers ultra-low-dose imaging with superior resolution.

       NeuMR Universal: The industry's first Dual-energy 3.0T MRI, featuring the revolutionary Dual-energy Gradient System. This innovative design provides explosive power in gradient output and remarkable staying power, ensuring a stable gradient waveform.

       NeuAngio-CT Plus: A high-end, wide-coverage Angio-CT system offering a comprehensive one-stop solution for interventional diagnosis and treatment. It streamlines surgical workflows by integrating preoperative planning, intraoperative guidance, and postoperative evaluation into a single platform, significantly improving operational efficiency.

       NeuEra PET/CT: The world's first 180ps grade fully digitized PET/CT, achieving a qualitative leap from 3 minutes for a single bed in the clinical detection process to an extremely fast scan of 15 seconds.

 

Lastly in the world of online advertising, AdCreative.aiannounced the launch of the world's first AI-powered product-to-product video generation model. Built with AdLLM at its core, the first large language model created exclusively for advertising, this tool is set to transform how businesses create high-impact, conversion-optimized video content.

 



 

The Product VideoShoot AI Model redefines video creation by converting static product photos into professional-grade videoshoots designed to maximize engagement and conversions. This cutting-edge technology combines contextual understanding with advertising insights to deliver tailored video content perfectly timed for seasonal promotions and campaigns.

 

Key Features

       Contextual Understanding: The AI analyzes static product photos and user prompts to create conversion-optimized videos aligned with specific objectives.

       Behavioral and Emotional Insights: Using first-party data from 3 million advertisers across 194 countries, the AI predicts audience responses to produce videos that drive engagement and sales.

       Brand Compliance: Videos adhere to brand guidelines, ensuring consistent visuals, tone, and color schemes while meeting global regulatory standards.

       Respect for Brand Identity: The AI preserves each brand's tone and visual identity, producing content that reflects its messaging and aesthetic.

       AdLLM Integration: Powered by AdLLM, trained on over 840 million high-conversion ads, the model delivers unmatched accuracy in generating videos that convert.

       Technical Excellence: Produces 16-second 1080p HD videos with customizable styles and professional effects like cinematic zoom and motion control.


The Product VideoShoots feature is currently available to Pro and Enterprise customers during its beta phase, with plans for broader rollout. Press and content creators can explore this innovation via the AdCreative.ai Lab for a free trial.

 

"This innovation marks a new era in advertising," said Tufan Gok, CEO of AdCreative.ai. "Our goal is to make high-quality, conversion-focused video creation accessible to businesses of all sizes."

 

Investor ideas reminds all listeners to read our disclaimers and disclosures on the Investorideas.com website and that this podcast is not an endorsement to buy products or services or securities. Investors are reminded all investment involves risk and possible loss of investment.

 

The Investorideas.com podcasts are also available on Apple Podcasts, Audible, Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio, and most audio platforms available.

 

Read and hear other editions of the AI Eye

 

For a list of artificial intelligence stocks on Investorideas.com visit here

 

About Investorideas.com - Big Investing Ideas

Investorideas.com is the go-to platform for big investing ideas. From breaking stock news to top-rated investing podcasts, we cover it all. Our original branded content includes podcasts such as Exploring Mining, Cleantech, Crypto Corner, Cannabis News, and the AI Eye. We also create free investor stock directories for various sectors, including gaming, biotech, tech and sports. Public companies within the sectors we cover can use our news publishing and content creation services to help tell their story to interested investors. Paid content is always disclosed.

 

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The Commodity Super Cycle we have all been waiting for; Interview with Philippe Gijsels, at BNP Paribas Fortis; @pgijsels



 

The Commodity Super Cycle we have all been waiting for; Interview with Philippe Gijsels, at BNP Paribas Fortis; @pgijsels

 

December 5, 2024 Investorideas.com, a global investor news source covering mining and metals stocks releases today’s Exploring Mining Podcasta special edition featuring Host Cali Van Zant in a conversation with Philippe Gijsels, Chief Strategy Officer at BNP Paribas Fortis

 

In this episode Investorideas.com talks about the topics from Philippe’s book, The New World Economy in 5 Trends . Philippe shares insights on the potential impact of politics and inflation on the economy, and the importance of owning tangible assets in an inflationary environment.

He believes resource independence will become increasingly important for Europe and the United States.

 

Philippe also highlights the role of the energy transition in driving demand for metals like copper and silver, which are crucial for clean energy technologies. The discussion focuses on managing risks and preparing for potential supply disruptions and price fluctuations in the mining and energy sectors.

 

Listen to the podcast at Investorideas: https://www.spreaker.com/episode/the-commodity-super-cycle-we-have-all-been-waiting-for-interview-with-philippe-gijsels-at-bnp-paribas-fortis--63153032

 

Watch the video on YouTube: https://youtu.be/_F2mpQiXO2c

 


Read this in full at https://www.investorideas.com/news/2024/exploring-mining/12051Philippe-Gijsels-at-BNP-Paribas-Fortis.asp

 

Listen to Exploring Mining podcast on iTunes Apple podcasts   

 

Listen to Exploring Mining on Spotify

 

 

About The New World Economy in 5 Trends: Investing in times of superinflation, hyperinnovation & climate transition

 

Two top economists look ahead to 2050

 

• The five trends that will shape our markets, money and lives in the coming decades

 

• A critical overall analysis of tomorrow's economy

 

• With concrete advice for those who want to invest future-proof

 

The future is uncertain but for one thing: the global economy is in disarray. Investors, companies and governments must rethink their approach in light of raging inflation, the ongoing climate crisis and an ageing population. In addition, they have to deal with the highest mountain of debt ever accrued in peacetime, disruptive innovations and the effects of multi-globalization. So much is happening simultaneously, making it difficult to distinguish the big waves from the small hypes. Which economic developments are here to stay and which are transient? How will interest rates evolve? Which emerging countries will become tomorrow's global powers? Which sectors offer the most opportunities? Macroeconomist Koen De Leus and market strategist Philippe Gijsels take a deep dive into the inner workings of our economy. They identify the five major trends that will dominate our lives and our money over the next 30 years. With in-depth analyses and concrete advice, they offer guidance, reveal connections and temper alarmism. The New World Economy in 5 Trends shows how you can surf global megatrends and successfully invest in our changing reality.

 

Buy on Amazon https://www.amazon.com/World-Economy-Trends-superinflation-hyperinnovation/dp/9401409013

 

About Philippe

Philippe is the Chief Strategy Officer for BNP Paribas Fortis and is responsible, together with BNP Paribas group counterparts, for developing and communicating investment strategy. He has been with the organization since 2007. He has been working in the banking sector since 1996. He earned his certification as a CFA in 1991 from Ichec Brussels Management School. Philippe earned a Commercial Engineering undergraduate degree from Limburgs Universitair Centrum (LUC) as well as a Master Degree in Business Administration.

 

The Investorideas.com podcasts are also available on Apple Podcasts, Audible, Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio, Google Podcasts and most audio platforms available.

 

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https://www.investorideas.com/Audio/

 

Research mining stocks at Investorideas.com with our mining stocks directory at Investorideas.com https://www.investorideas.com/Gold_Stocks/Stocks_List.asp 

 

About Investorideas.com - Big Investing Ideas

Investorideas.com is the go-to platform for big investing ideas. From breaking stock news to top-rated investing podcasts, we cover it all. Our original branded content includes podcasts such as Exploring Mining, Cleantech, Crypto Corner, Cannabis News, and the AI Eye. We also create free investor stock directories for sectors including mining, crypto, renewable energy, gaming, biotech, tech, sports and more. Public companies within the sectors we cover can use our news publishing and content creation services to Public companies within the sectors we cover can use our news publishing and content creation services to help tell their story to interested investors.

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp

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Breaking Cleantech Automotive Stock News: Worksport (NASDAQ: $WKSP) To Adopt Cryptocurrency, Bitcoin and XRP for Corporate Treasury; @WorksportLtd

 Breaking Cleantech Automotive Stock News: Worksport (NASDAQ: $WKSP) To Adopt Cryptocurrency, Bitcoin and XRP for Corporate Treasury; @WorksportLtd

 

Company to Convert Interest Earnings to Cryptocurrency, Allocate Up to 10% of Excess Operational Cash, and Enable Crypto Transactions on Worksport.com

 


West Seneca, New York - December 5, 2024 (Investorideas.com Newswire) 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.

 

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.

 

Paid News dissemination for Worksport Ltd.

 

Read this news, featuring WKSP in full at  https://www.investorideas.com/news/2024/12051WKSP-Adopt-Cryptocurrency-Bitcoin-XRP.asp

 

 

Key Components of Worksport's BTC (Bitcoin) / XRP (Ripple) Strategy:

  1. 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).
  1. Crypto-Enabled Ecommerce: Worksport will accept cryptocurrency payments on its e-ecommerce platform, www.worksport.com, enhancing customer convenience and expanding its payment options. Cryptocurrency transactions are expected to cost the Company up to 37% less in transaction processing fees.
  1. Interest Earnings Conversion: Worksport may convert interest earnings from cash held in money market accounts into Bitcoin and XRP.
  1. 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.

 

"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.

 

Strategic Vision for 2025 and Beyond

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.

 

Benefits of Accepting Crypto Payments

  • 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.
  • 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

 

CEO Commentary

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."

 

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.

 

Key 2024 Press-Releases:

Read all Worksport press releases: [Link to All Press Releases].

 

About 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

 

Connect with Worksport

Please follow the Company's social media accounts on X (previously Twitter)FacebookLinkedInYouTube, 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.

 

Product social media

Instagram
Facebook
YouTube

 

Investor social media

X (formerly Twitter)
LinkedIn
Link to Newsletter

 

Investors and others should note that the Company announces material financial information to our investors using our investor relations website, press releases, Securities and Exchange Commission ("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.

 

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.

 

For additional information, please contact:
Investor Relations, Worksport Ltd. T: 1 (888) 554-8789 -128 W: 
investors.worksport.com W: www.worksport.com E: investors@worksport.com

 

Forward-Looking Statements
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," "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.

 

Worksport Ltd. (Nasdaq: WKSP) is a featured renewable energy/automotive stock on Investorideas.com

 

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