Elektros Announces Florida Real Estate Strategy for AI Data Centers

Rhea-AI Summary

Elektros (OTC PINK:ELEK) has announced plans to acquire real estate assets in South Florida to establish AI data centers and digital infrastructure solutions. The strategy aims to leverage the company's lithium operations for backup power systems while supporting multiple revenue streams including data center operations, lithium battery manufacturing, and smart city IoT infrastructure. Next Realm AI is leading the development strategy to address growing demands for uninterrupted data processing. The company also plans to host investor networking events showcasing South Florida's transformation into an AI and smart city technology hub.

Positive

• Strategic expansion into AI data center real estate market
• Multiple potential revenue streams from data centers, battery manufacturing, and IoT infrastructure
• Integration of existing lithium operations for backup power solutions

Negative

• No specific properties or acquisition targets identified
• No timeline or financial details provided for real estate acquisitions
• No concrete funding sources mentioned for the real estate strategy

SUNNY ISLES BEACH, FL / ACCESSWIRE / October 29, 2024 / Elektros (OTC PINK:ELEK) ("Elektros" or "the Company"), a pioneering force in electric mobility, announced strategy to acquire real estate assets in South Florida to leverage its lithium operations to create comprehensive digital infrastructure and energy backup solutions.

The planned acquisition aims to capitalize on South Florida's rapidly growing technology sector and increasing demand for AI-driven data processing capabilities. The properties under consideration will support multiple revenue streams, including data center operations, advanced lithium battery manufacturing, smart city IoT infrastructure, and emergency power management systems. Elektros' existing lithium supply chain will play a crucial role in developing reliable backup power solutions for these facilities.

"This strategic plan positions Elektros at the intersection of South Florida's digital transformation and sustainable energy future," said Shlomo Bleier, Chief Executive Officer of Elektros. "By combining our lithium operations with real estate assets adjacent to critical fiber optic infrastructure, we're creating a unique value proposition in reliable power backup solutions while becoming a key player in the region's expanding AI and smart city ecosystem."

The company's multi-purpose development strategy is being led by Next Realm AI to address the growing need for uninterrupted data processing and storage solutions while supporting South Florida's smart city initiatives. The integration of Elektros' lithium technology ensures robust power redundancy for these mission-critical facilities.

South Florida Events

Elektros will announce a series of high-profile investor networking events across South Florida, showcasing the region's transformation into a premier hub for AI infrastructure, renewable energy solutions, and smart city technologies. The upcoming events will feature industry leaders, local government officials, and technology partners, highlighting investment opportunities in data center development and sustainable energy infrastructure that are reshaping South Florida's digital landscape.

To stay informed about these exclusive networking events, interested parties are invited to join our Elektros Investor Network at https://elektros.energy/investors/

About Elektros, Inc.

Elektros (OTC PINK:ELEK) is a vertically integrated sustainable energy company focused on lithium mining, electric vehicle charging, solar energy storage, and power supply for AI data centers. We are at the forefront of the clean energy transition, driving innovation in mobility and energy technologies to combat the global climate crisis and deliver transformative user experiences. www.elektros.energy

Follow of Facebook: https://www.facebook.com/Elektrosenergy

Cautionary Language Concerning Forward-Looking Statements

This release contains "forward-looking statements" that include information relating to future events and future financial and operating performance. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential," and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: fluctuations in demand for Elektros, Inc.'s products, the introduction of new products, the Company's ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company's liquidity and financial strength to support its growth, and other information that may be detailed from time to time in Elektros Inc.'s filings with the United States Securities and Exchange Commission. Examples of such forward-looking statements in this release include statements regarding future sales, costs, and market acceptance of products as well as regulatory actions at the State or Federal level. For a more detailed description of the risk factors and uncertainties affecting Elektros Inc., please refer to the Company's Securities and Exchange Commission filings, which are available at www.sec.gov. Elektros, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT:

Elektros, Inc. IR and Media Inquiries
Email: ElektrosInc@gmail.com

SOURCE: Elektros, Inc.

View the original press release on accesswire.com

FAQ

What is Elektros (ELEK) planning to acquire in South Florida?

Elektros (ELEK) is planning to acquire real estate assets in South Florida to establish AI data centers and digital infrastructure solutions, leveraging its lithium operations for backup power systems.

What are the planned revenue streams for Elektros (ELEK) South Florida properties?

The planned revenue streams include data center operations, advanced lithium battery manufacturing, smart city IoT infrastructure, and emergency power management systems.

Who is leading Elektros (ELEK) multi-purpose development strategy?

Next Realm AI is leading Elektros (ELEK) multi-purpose development strategy for the South Florida real estate initiative.