As the company’s manufacturing systems began occupying more space than expected and demand across all product lines increased, management pursued additional manufacturing capacity that its recently leased Canadian manufacturing facility could not support, the company said.
“We are working with numerous US banks for a mortgage with attractive rates to preserve our large cash reserves and have already been acquiring necessary equipment including two robotic milling machines and cutting machines to hit the ground running. We are also considering robotic panel cutting, punching, and bending machines,” states Steven Rossi, CEO Worksport.
With an effective 222,000 sq. ft. sitting on over 15 acres of land, the facility spans approximately 150,00 sq. ft. and comes equipped with a 17,229-square foot Automated Storage & Retrieval System (AS/RS) standing 90-ft. tall. This AS/RS can automatically load, handle, store and pick 5,200 pallets weighing up to 3,000 lbs./pallet.
There are also five more acres of additional land where the Company can develop between 50,000 to 100,000 square feet of additional space over coming years. And the facility’s footprint infrastructure already meets the Company’s current power and height requirements, which will allow for quick and streamlined occupancy and setup, the company said.
Worksport expects the site to produce the company’s Terravis System, Terravis Energy’s Non-Parasitic Electric Vehicle (NPEV) systems and the Terravis Microgrid, as well as future products.
“This is an absolutely huge step in the journey for Worksport and Terravis Energy to become major leading forces in the automotive and energy sectors. The State of New York and the municipality of Buffalo have been incredible to work with and very generous in offering business incentives of various forms including grants and rebates. We aspire to complete due diligence early and begin capitalizing on this opportunity. We would be thrilled to proudly proclaim the Company’s products are ‘Made in America’,” said Steven Rossi, CEO Worksport.
