As Global Markets Skyrocket to Record and All-Time Highs, Echoing the Extraordinary Momentum of the Dot-Com Boom, ELEKTROS Strengthens Its Vision for High-Speed EV Charging Infrastructure as Demand for Electric Vehicles Continues to Accelerate

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ELEKTROS (OTC:ELEK) announced a strategic focus on developing high-speed EV charging stations as global electric vehicle adoption expands. The company chose not to pursue further action related to U.S. Patent No. 12,522,100 B1 after reviewing Jaguar Land Rover's response.

ELEKTROS is negotiating to secure a site for approximately 10–15 high-speed charging stations under its brand and is in discussions with a major U.S. EV charging infrastructure installer on a potential installation project, both subject to definitive agreements. Management plans to evaluate site economics, installation needs, operations, branding and customer demand as part of its long-term EV infrastructure strategy.

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Company focus expands toward high-speed EV charging stations as global electric vehicle adoption continues to highlight the need for broader, faster and more reliable charging infrastructure

WEST PALM BEACH, FL / ACCESS Newswire / July 1, 2026 / ELEKTROS Inc. (OTC Pink:ELEK) announced that, following correspondence regarding U.S. Patent No. 12,522,100 B1, the Company has reviewed Jaguar Land Rover's response and has elected not to pursue the matter further. Management believes this allows the Company to focus its attention on executing its strategic growth initiatives.

The Company is negotiating to secure a location for approximately 10 to 15 high-speed EV charging stations to operate under the ELEKTROS brand. In parallel, the Company is in discussions with a major U.S. EV charging infrastructure installer regarding a potential installation project, subject to completing definitive agreements.

Management believes the proposed charging-station initiative, if completed, could represent a meaningful step toward building a physical ELEKTROS presence in the EV infrastructure market. The Company intends to evaluate charging-site economics, installation requirements, operating logistics, branding opportunities and potential customer demand as it continues discussions with potential infrastructure participants.

"This is an exciting step for ELEKTROS as we focus on building our business and executing our long-term vision," said Shlomo Bleier, Chief Executive Officer of ELEKTROS Inc. "As EV adoption continues to move forward, we believe charging access, speed and reliability remain central issues for consumers, automakers and infrastructure operators. ELEKTROS is focused on exploring a practical path toward participating in that future."

Industry Background: Verified Public Reporting on EV Charging Infrastructure

• Elon Musk / Reuters: Reuters reported on May 10, 2024 that Tesla CEO Elon Musk said Tesla would spend more than $500 million in 2024 to expand its fast-charging network. Musk stated: "Tesla will spend well over $500M expanding our Supercharger network to create thousands of NEW chargers this year."

• Reuters: Reuters reported that the planned Supercharger expansion followed Tesla workforce reductions and still reflected a stated commitment to expand fast-charging infrastructure.

• Benzinga: Benzinga reported that Tesla opened select U.S. Supercharger stations to non-Tesla EVs and quoted Tesla as stating: "Access to an extensive, convenient and reliable fast-charging network is critical for large-scale EV adoption."

• The Wall Street Journal: The Wall Street Journal reported in October 2025 that U.S. fast-charging ports increased by more than 80% over two years, reaching more than 60,300 by August, citing federal data from the Joint Office of Energy and Transportation.

• Additional market context: Recent public reporting has continued to identify charging availability and access to fast charging as major considerations for EV drivers and fleet operators.

Strategic Focus

ELEKTROS believes the growth of electric vehicles globally may create opportunities for companies focused on high-speed charging locations, installation execution, site branding and infrastructure support. The Company's current focus remains on negotiating potential charging locations and evaluating a possible installation project, while maintaining disciplined attention to definitive agreements, customary conditions and practical execution.

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. Negotiations and proposed projects remain subject to execution of definitive agreements and customary conditions. Statements regarding potential charging-station locations, infrastructure installation, branding, market opportunities, operating plans and future growth initiatives are forward-looking and are not guarantees of future performance.

Contact Information

ELEKTROS Inc.
West Palm Beach, Florida
Phone: 786-477-9003
Email: elektrosinc@gmail.com
Website: https://elektros.energy

Source Notes for Industry Background

• Reuters, May 10, 2024, reporting Elon Musk statement on Tesla Supercharger expansion. https://www.reuters.com/technology/elon-musk-says-tesla-will-spend-500-mln-expand-charging-network-2024-05-10/

• Elon Musk post on X, May 10, 2024, regarding Tesla Supercharger expansion. https://x.com/elonmusk/status/1788834859110002716

• Benzinga, March 1, 2023, reporting Tesla Supercharger access and large-scale EV adoption statement. https://www.benzinga.com/news/23/03/31128427/tesla-supercharger-stations-now-open-for-rivals-in-the-united-states-heres-how-it-works-and-why-its

• The Wall Street Journal, Oct. 3, 2025, reporting growth in U.S. fast-charging ports. https://www.wsj.com/business/autos/america-keeps-adding-ev-chargers-will-there-be-more-drivers-to-use-them-dd247fa6

SOURCE: Elektros, Inc.

View the original press release on ACCESS Newswire

FAQ

What strategic shift did ELEKTROS (OTC:ELEK) announce on July 1, 2026 regarding its EV business?

ELEKTROS announced a strategic focus on developing high-speed EV charging stations. According to ELEKTROS, it is negotiating for a location supporting about 10–15 branded fast chargers and exploring a potential installation project with a major U.S. charging infrastructure installer, subject to definitive agreements.

How many high-speed EV charging stations is ELEKTROS (OTC:ELEK) currently planning for its first location?

ELEKTROS is targeting approximately 10 to 15 high-speed EV charging stations at a potential site. According to ELEKTROS, this proposed location would operate under the ELEKTROS brand and form part of its effort to build a physical presence in the EV infrastructure market.

What did ELEKTROS decide regarding U.S. Patent No. 12,522,100 B1 and Jaguar Land Rover?

ELEKTROS elected not to pursue the patent matter further after reviewing Jaguar Land Rover's response. According to ELEKTROS, this decision is intended to allow management to concentrate resources on executing strategic growth initiatives, including potential high-speed EV charging infrastructure projects and related site negotiations.

Is ELEKTROS working with a major U.S. EV charging installer on a new project?

ELEKTROS is in discussions with a major U.S. EV charging infrastructure installer about a potential installation project. According to ELEKTROS, any collaboration remains subject to completion of definitive agreements and customary conditions, as the company evaluates economics, logistics, branding and customer demand.

How does ELEKTROS view the EV charging market opportunity for its high-speed stations?

ELEKTROS believes global EV growth may create opportunities in high-speed charging locations and infrastructure support. According to ELEKTROS, its current focus is negotiating potential charging sites and assessing a possible installation project while maintaining disciplined attention to agreements, site economics and practical execution.

Why is EV fast-charging infrastructure important in ELEKTROS' July 2026 update?

EV fast-charging infrastructure is highlighted as critical to adoption, reflecting broader industry reporting. According to ELEKTROS, charging access, speed and reliability remain central issues for consumers, automakers and operators, guiding the company’s exploration of high-speed charging locations and potential partnerships in the U.S. market.