The One EV Breakthrough That Makes Waiting Obsolete - and Turns Minutes Into Money

Rhea-AI Summary

Elektros (OTC PINK: ELEK) announced it submitted a licensing proposal to Waymo LLC on March 24, 2026 for its patented multi-plug EV charging system (U.S. Patent No. 12,522,100 B1).

The proposed one-year license would run from May 1, 2026 to May 1, 2027 and aims to cut charging times from about one hour to 5–7 minutes, targeting consumer EVs, fleets, and autonomous platforms.

SUNNY ISLES BEACH, FL / ACCESS Newswire / March 24, 2026 / Elektros Inc. (OTC PINK:ELEK), an emerging force in next-generation electric vehicle infrastructure, today announced that it has formally submitted a licensing proposal to Waymo LLC, a global pioneer in autonomous driving technology.

This proposal offers Waymo the opportunity to license Elektros' patented multi-plug EV charging system (U.S. Patent No. 12,522,100 B1) under a one-year agreement from May 1, 2026 through May 1, 2027.

The technology is designed to dramatically reduce electric vehicle charging times from approximately one hour to just 5 to 7 minutes-positioning it as a potentially transformative advancement for the EV industry.

Elektros believes that its patented multi-plug charging system addresses one of the most critical challenges facing electric vehicle adoption today: charging speed. By significantly reducing downtime, this innovation has the potential to improve efficiency across consumer vehicles, commercial fleets, and autonomous mobility platforms.

Waymo was selected as a proposed licensee due to its leadership in autonomous driving and its demonstrated ability to deploy advanced technologies in real-world environments.

"This is a proposal rooted in both innovation and opportunity," said Shlomo Bleier, CEO of Elektros Inc. "Our patented technology represents what we believe is a critical missing piece in the EV infrastructure landscape."

The proposed licensing structure would grant Waymo access to this technology for an initial one-year term, with the possibility for renewal, subject to mutual agreement.

Elektros views this proposal as a meaningful step toward accelerating the future of electric mobility-where charging speed, efficiency, and scalability are no longer limitations, but catalysts for growth.

Contact Information:
Website: www.elektros.energy
Email: elektrosinc@gmail.com
Phone: 786-477-9003

Forward-Looking Statements:
This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially.

SOURCE: Elektros, Inc.

View the original press release on ACCESS Newswire

FAQ

What did Elektros (ELEK) propose to Waymo on March 24, 2026?

Elektros proposed a one-year license of its multi-plug EV charging system to Waymo, starting May 1, 2026. According to the company, the proposal would grant Waymo access to U.S. Patent No. 12,522,100 B1 under a May 1, 2026–May 1, 2027 term.

How fast does Elektros claim its multi-plug charging system charges EVs for ELEK?

Elektros claims the multi-plug system reduces charging time to 5–7 minutes versus about one hour. According to the company, that speed improvement targets reduced downtime for consumer vehicles, commercial fleets, and autonomous mobility platforms.

Does the March 24, 2026 announcement confirm a signed license between ELEK and Waymo?

No, the company states it submitted a licensing proposal but did not announce an executed agreement. According to Elektros, the proposal is for an initial one-year term with renewal subject to mutual agreement.

What patent covers Elektros' technology mentioned in the ELEK release?

The technology is covered by U.S. Patent No. 12,522,100 B1, per the company. According to Elektros, that patent protects its multi-plug EV charging system described in the March 24, 2026 announcement.

What is the proposed license period and potential renewal for ELEK's offer to Waymo?

The proposed license period is one year from May 1, 2026 through May 1, 2027, with renewal possible by mutual agreement. According to the company, renewal would require both parties' consent after the initial term.