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ELEKTROS (ELEK) Stock News, Jul-Aug 2022

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ELEKTROS Inc. reports developments tied to electrification, lithium resources and energy technology. The company describes its business focus as hard rock lithium exploration and development opportunities in Sierra Leone, alongside a United States patent portfolio related to electric vehicle charging technology. Recurring updates address lithium mining initiatives, intellectual property protection, EV charging patent strategy and potential commercialization paths for patented technology.

Company news also includes Energy Core, a platform presented for monitoring, analyzing and mitigating utility costs across real estate and hospitality portfolios, with an initial emphasis on South Florida markets. These announcements frame ELEKTROS around lithium supply, electric vehicle infrastructure and energy-efficiency software and advisory initiatives.

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Elektros (OTC PINK:ELEK) announced the launch of its all-electric rental car division, featuring Tesla Model 3 vehicles, available initially through Turo in South Florida. The fleet aims to offer consumers a sustainable car rental experience while expanding nationwide. Elektros anticipates operations will be ready for customers by the end of 2022, with a focus on reducing carbon footprints and enhancing accessibility. The Tesla Model 3 boasts a range of 358 miles and a 0-60 mph acceleration in 3.1 seconds, catering to high consumer demand for electric vehicles.

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Elektros (OTC PINK:ELEK), a leader in Electric Mobility solutions, has initiated the scheduling of its first electric vehicle (EV) deliveries, specifically Tesla Model 3s, for its car rental fleet in South Florida. Deliveries are anticipated by early September 2022. The Model 3, known for its impressive specifications, including 358 miles on a single charge and a 0-60 mph acceleration in just 3.1 seconds, will be part of the expanding EV rental operations. Additionally, Elektros is developing a charging infrastructure to support its fleet, aiming to launch operations by early Q4 2022.

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Elektros (OTC PINK:ELEK) has announced plans to appoint project managers for key divisions as it prepares for the commercialization of its electric vehicle (EV) operations. This strategic move will focus on areas such as EV rentals, electric charging stations, and manufacturing. The company aims to streamline decision-making and enhance resource efficiency. CEO Shlomo Bleier emphasized that this initiative is crucial to their goals. Additionally, Elektros will develop investor presentations to track progress and benchmarks as they advance towards launching their new electric vehicle experience, Elektros Sonic, in 2023.

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Elektros (OTC PINK:ELEK) announced plans to appoint project managers focused on key areas including EV rental operations, electric charging stations, manufacturing, and solar as part of its preparations for the commercialization phase of its electric vehicle (EV) operations. The company aims to streamline decision-making and enhance resource efficiency. CEO Shlomo Bleier emphasized the importance of dedicated management to meet the company's goals. Elektros is set to introduce its new electric vehicle experience, the Elektros Sonic, targeting a 2023 launch.

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Elektros (OTC PINK:ELEK), a leader in Electric Mobility solutions, has announced plans to appoint project managers in preparation for the commercialization of its electric vehicle (EV) operations.

These managers will oversee projects related to EV rental operations, charging stations, manufacturing, and solar initiatives. The company is also set to develop investor presentations outlining goals and benchmarks to track progress. CEO Shlomo Bleier emphasized that these appointments aim to enhance decision-making efficiency and resource management as Elektros transitions towards commercial operations.

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Elektros (OTC PINK:ELEK), a leader in electric mobility, has announced its support for the Inflation Reduction Act of 2022. This bill allocates nearly $370 billion in tax credits aimed at boosting the adoption of clean energy technologies. Eligible car buyers could receive up to $7,500 for new electric vehicles and $4,000 for used ones, promoting lower greenhouse gas emissions. CEO Mr. Bleier emphasized the bill's potential to expand the electric vehicle market and generate jobs, aligning with Elektros' mission to combat climate change through innovative mobility solutions.

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Elektros (OTC PINK:ELEK) expresses support for the Inflation Reduction Act of 2022, a significant climate and clean energy bill in Congress. This legislation aims to invest nearly $370 billion in tax credits to promote clean energy technologies. Key provisions include providing a $7,500 tax credit for new electric vehicles and $4,000 for used ones, potentially stimulating the EV market and decreasing greenhouse gas emissions. CEO Mr. Bleier emphasizes Elektros' commitment to sustainability and innovation in electric mobility.

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Elektros (OTC PINK:ELEK) endorses the Inflation Reduction Act of 2022, aiming to mobilize $370 billion for clean energy initiatives. The legislation proposes a $7,500 tax credit for eligible new electric vehicle buyers and $4,000 for used ones, potentially boosting electric vehicle adoption and reducing greenhouse gas emissions. CEO Mr. Bleier emphasized the bill's alignment with Elektros' mission to combat climate change through electric mobility solutions, enhancing job opportunities in the sector. The company anticipates launching its Elektros Sonic vehicle in 2023.

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Elektros (OTC PINK:ELEK) has received a proposal from the ROBRADY group to support their patent-pending multi-port charging technology. This partnership aims to advance Elektros' initiative, which was initially filed in October 2021, focusing on creating a groundbreaking charging solution for electric vehicles. CEO Mr. Bleier anticipates significant market potential for this technology, intending to market it to major EV manufacturers. ROBRADY's expertise enhances Elektros' capacity to expedite development and leverage emerging battery technologies.

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Elektros (OTC PINK:ELEK) has received a proposal from ROBRADY, a renowned design firm, to advance its patent for multi-port charging technology. This technology, filed in October 2021, holds potential significance for the electric vehicle industry, according to CEO Mr. Bleier. The collaboration aims to expedite the patent process. Elektros plans to integrate this technology into its designs and market it to major electric vehicle companies. The strategic partnership with ROBRADY could be pivotal for Elektros as it strives to innovate in the electric mobility sector.

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FAQ

What is the current stock price of ELEKTROS (ELEK)?

The current stock price of ELEKTROS (ELEK) is $0.00445 as of October 2, 2026.

What is the market cap of ELEKTROS (ELEK)?

The market cap of ELEKTROS (ELEK) is approximately 296.0K.