ELEKTROS Advances EV Charging Strategy Following Conclusion of Jaguar Land Rover Patent Review

Rhea-AI Summary

ELEKTROS (OTC PINK:ELEK) ended its review of Jaguar Land Rover’s response regarding U.S. Patent No. 12,522,100 B1 and chose not to pursue the matter further. Management expects to refocus on growth, including negotiations for 10–15 high-speed EV charging stations and talks with a major U.S. installer, subject to definitive agreements.

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WEST PALM BEACH, FL / ACCESS Newswire / June 27, 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.

"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. "We are pleased to move forward and concentrate on expanding our charging infrastructure opportunities."

Forward-Looking Statements:
This release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Negotiations described herein are subject to execution of definitive agreements and customary conditions.

Contact Information
ELEKTROS Inc.
West Palm Beach, Florida
Phone: 786-477-9003
Email: elektrosinc@gmail.com

SOURCE: Elektros, Inc.

View the original press release on ACCESS Newswire

FAQ

What did ELEKTROS (OTC PINK:ELEK) decide after reviewing Jaguar Land Rover's patent response?

ELEKTROS chose not to pursue the U.S. Patent No. 12,522,100 B1 matter further. According to ELEKTROS, this decision lets management concentrate resources on strategic growth initiatives and expanding its electric vehicle charging infrastructure opportunities.

How is ELEKTROS expanding its EV charging infrastructure in 2026?

ELEKTROS is negotiating to secure a site for about 10 to 15 high-speed EV charging stations. According to ELEKTROS, these stations would operate under the ELEKTROS brand as part of its broader strategic growth initiatives in charging infrastructure.

Who is ELEKTROS discussing EV charger installation with in the United States?

ELEKTROS is in discussions with a major U.S. EV charging infrastructure installer for a potential installation project. According to ELEKTROS, any project would depend on completing definitive agreements before moving forward with deployment of high-speed charging stations.

What does the new EV charging strategy mean for ELEKTROS (ELEK) shareholders?

The strategy shifts focus toward building an ELEKTROS-branded network of high-speed EV chargers and partnering with a major installer. According to ELEKTROS, this aligns with its long-term vision to grow its charging infrastructure business, subject to finalized agreements.

When did ELEKTROS announce the decision on the Jaguar Land Rover patent review?

ELEKTROS announced its decision on June 27, 2026, stating it would not pursue the patent matter further. According to ELEKTROS, this outcome supports its plan to prioritize strategic growth and EV charging infrastructure development initiatives.