ELEKTROS Inc. Concludes Jaguar Land Rover Patent Review and Advances Plans for Branded High-Speed EV Charging Network

Rhea-AI Summary

ELEKTROS (OTC PINK:ELEK) has concluded its review of issues related to U.S. Patent No. 12,522,100 B1 involving Jaguar Land Rover and chosen not to pursue the matter. Management believes this decision lets the company focus on strategic growth, including plans for an ELEKTROS-branded high-speed EV charging network with about 10–15 stations and talks with a major U.S. installer on a potential project.

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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.

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.

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 patent matter did ELEKTROS (OTC PINK:ELEK) recently conclude with Jaguar Land Rover?

ELEKTROS opted not to pursue further action after reviewing Jaguar Land Rover's response regarding U.S. Patent No. 12,522,100 B1. According to ELEKTROS, ending this matter allows management to focus on strategic growth initiatives and business execution.

How does ending the Jaguar Land Rover patent review affect ELEKTROS' growth strategy?

Ending the patent review allows ELEKTROS management to concentrate on its strategic growth initiatives. According to ELEKTROS, this includes focusing resources on building its branded high-speed EV charging network and advancing discussions with partners instead of allocating attention to the patent matter.

What are ELEKTROS' plans for its branded high-speed EV charging network (OTC PINK:ELEK)?

ELEKTROS is negotiating to secure a location for about 10 to 15 high-speed EV charging stations under the ELEKTROS brand. According to ELEKTROS, this planned network is part of its long-term vision to build its business in the EV charging space.

Which partnerships is ELEKTROS exploring for its EV charging installation project?

ELEKTROS is in discussions with a major U.S. EV charging infrastructure installer about a potential installation project. According to ELEKTROS, any project would depend on completing definitive agreements, indicating talks are ongoing rather than finalized.

What did ELEKTROS' CEO say about the new EV charging initiatives?

CEO Shlomo Bleier described the developments as an exciting step as ELEKTROS focuses on building its business. According to ELEKTROS, leadership sees the charging network plans as aligned with executing the company’s long-term vision in the EV market.