As Global Markets Reach Historic Heights, ELEKTROS Celebrates Friday's Momentum and Thanks Our Investors Around the World for Believing in Our Vision for the Future of Electric Mobility

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Rhea-AI Summary

ELEKTROS (OTC Pink: ELEK) reaffirmed its commitment to pursuing innovative opportunities in the fast-growing electric vehicle charging industry. The company is currently evaluating potential locations for approximately 10 to 15 high-speed EV charging stations to operate under the ELEKTROS brand.

According to ELEKTROS, any future installations would depend on reaching definitive agreements, securing financing, obtaining required regulatory approvals, and meeting customary business conditions. Management plans to focus on site selection, branding, customer demand, and operational planning to support sustainable long-term growth and enhance long-term shareholder value.

News Market Reaction – ELEK

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In the Jul 20 session, ELEK declined 3.64%, reflecting a moderate negative market reaction.

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07/20/2026 - 08:45 AM

Publicly Traded • ELEKTROS Inc. • Ticker Symbol: ELEK

WEST PALM BEACH, FL / ACCESS Newswire / July 20, 2026 / ELEKTROS Inc. (OTC Pink:ELEK) today reaffirmed its commitment to pursuing innovative opportunities within the rapidly evolving electric vehicle charging industry. As demand for dependable, high-speed charging solutions continues to expand, the Company remains focused on evaluating strategic initiatives that management believes can support sustainable long-term growth and enhance long-term shareholder value.

The Company continues evaluating potential locations for approximately 10 to 15 high-speed EV charging stations operating under the ELEKTROS brand. Any future installations remain subject to definitive agreements, financing, regulatory approvals, and customary business conditions.

Management believes dependable charging infrastructure will remain an important component of the continued adoption of electric vehicles worldwide. Accordingly, ELEKTROS intends to carefully evaluate site selection, branding, customer demand, operational planning, and additional strategic opportunities as it advances its long-term objectives.

"Our goal is to thoughtfully pursue opportunities that strengthen our business while positioning ELEKTROS for long-term success," said Shlomo Bleier, Chief Executive Officer of ELEKTROS Inc.

Reuters and Bloomberg have both reported extensively on the continuing global expansion of electric vehicle adoption and charging infrastructure. Elon Musk, CEO of Tesla, has stated: "We're making our Supercharger network open to other EVs," underscoring the importance of broader fast-charging accessibility.

Forward-Looking Statements

This news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those expressed or implied. Proposed projects remain subject to definitive agreements, financing, regulatory approvals, and customary business conditions.

Contact Information

ELEKTROS Inc.
Phone: 786-477-9003
Email: elektrosinc@gmail.com
Website: https://elektros.energy

Publicly Traded • ELEKTROS Inc. • Ticker Symbol: ELEK

SOURCE: Elektros, Inc.

View the original press release on ACCESS Newswire

FAQ

What did ELEKTROS (OTC Pink: ELEK) announce on July 20, 2026 about its EV charging plans?

ELEKTROS announced it is reaffirming its commitment to pursue opportunities in the EV charging industry. According to ELEKTROS, the company is evaluating strategic initiatives and potential high-speed charging locations to support sustainable long-term growth and enhance long-term shareholder value.

How many EV charging stations is ELEKTROS (ELEK) considering developing under the ELEKTROS brand?

ELEKTROS is evaluating potential locations for approximately 10 to 15 high-speed EV charging stations. According to ELEKTROS, these stations would operate under the ELEKTROS brand, subject to definitive agreements, financing, regulatory approvals, and other customary business conditions.

Are ELEKTROS' planned 10 to 15 EV charging stations already confirmed and financed?

No, the 10 to 15 EV charging stations are not yet confirmed or financed. According to ELEKTROS, any future installations remain contingent on definitive agreements, obtaining financing, necessary regulatory approvals, and satisfaction of customary business and operational conditions.

How does ELEKTROS (ELEK) say its EV charging strategy could impact long-term shareholder value?

ELEKTROS states its strategy aims to support sustainable long-term growth and enhance shareholder value. According to ELEKTROS, management will carefully evaluate site selection, branding, customer demand, and operations as it pursues opportunities in high-speed EV charging infrastructure.

What strategic factors is ELEKTROS focusing on for its potential EV charging network?

ELEKTROS is focusing on site selection, branding, customer demand, and operational planning for potential charging sites. According to ELEKTROS, these evaluations align with its long-term objectives in the electric vehicle charging sector and its vision for sustainable business growth.

How does ELEKTROS describe the role of charging infrastructure in global EV adoption?

ELEKTROS believes dependable charging infrastructure will remain an important component of global EV adoption. According to ELEKTROS, this view underpins its focus on evaluating high-speed charging opportunities as electric vehicle usage and demand for reliable fast-charging solutions continue to expand.