ELEKTROS Advances Discussions Concerning Potential Patent Transaction

Elektros (OTC:ELEK) reported that it is in discussions with a potential buyer about a possible sale of its U.S. Patent No. 12,522,100 B1, covering a multi-port charging assembly for electric vehicles.

Rhea-AI Summary

Elektros (OTC:ELEK) reported that it is in discussions with a potential buyer about a possible sale of its U.S. Patent No. 12,522,100 B1, covering a multi-port charging assembly for electric vehicles. The interested party works in the EV charging sector, no binding agreement exists, and the buyer’s identity remains confidential. Elektros plans to issue updates if any material event occurs.

Argus Jul 29 session

-3.64% close to close Open Argus

Details

News Market Reaction – ELEK

On Jul 29, the day this news came out, ELEK closed 3.64% below the previous close.

Data tracked by StockTitan Argus for the Jul 29 session.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Publicly Traded • ELEKTROS Inc. • Ticker Symbol:ELEK

WEST PALM BEACH, FL / ACCESS Newswire / July 29, 2026 / ELEKTROS Inc. announced that discussions are underway with a potential buyer regarding the possible purchase of the Company's U.S. Patent No. 12,522,100 B1, entitled "Multi-Port Charging Assembly for Electric Vehicles."

The prospective buyer operates in the EV charging sector and has indicated interest in acquiring the patent and associated rights. The identity of the party is not being disclosed while discussions remain confidential. No binding agreement has been reached.

The Company believes its patented technology continues to attract industry attention and intends to provide updates if a material event occurs.

Forward-Looking Statements: This news release contains forward-looking statements that involve risks and uncertainties.

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

SOURCE: Elektros, Inc.

View the original press release on ACCESS Newswire

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What patent is Elektros (ELEK) considering selling as of July 29, 2026?

Elektros is considering a potential sale of U.S. Patent No. 12,522,100 B1. According to Elektros, this patent is titled “Multi-Port Charging Assembly for Electric Vehicles” and covers technology related to multi-port EV charging assemblies and associated rights.

Has Elektros (ELEK) reached a binding agreement to sell its EV charging patent?

No, Elektros has not reached a binding agreement to sell its patent. According to Elektros, discussions with a potential buyer are underway but remain non-binding, and the company will provide updates only if a material event occurs.

Who is the potential buyer of Elektros (ELEK) U.S. Patent No. 12,522,100 B1?

The potential buyer’s identity has not been disclosed. According to Elektros, the prospective acquirer operates in the EV charging sector, but its name is being withheld while discussions remain confidential and no binding agreement has been finalized.

What sector does the potential buyer of Elektros (ELEK) patent operate in?

The potential buyer operates in the electric vehicle charging sector. According to Elektros, this party has expressed interest in acquiring U.S. Patent No. 12,522,100 B1 and related rights for multi-port charging assemblies for electric vehicles.

How does Elektros (ELEK) describe market interest in its EV charging patent?

Elektros says its patented technology continues to attract industry attention. According to Elektros, ongoing discussions with a potential buyer in the EV charging sector reflect this interest, and the company plans to update investors if any material developments occur.