ELEKTROS Issues Cease-and-Desist to Major Automaker Over EV Charging Patent Infringement
ELEK has more than doubled off its 52-week low of $0.002 on elevated volume (3.0× avg).
Summary
ELEKTROS Inc. announced it delivered a cease-and-desist notice on May 5, 2026, to an undisclosed major global automotive manufacturer regarding potential infringement of its advanced electric vehicle charging patent (US Patent No. 12,522,100 B1). The company is actively evaluating unauthorized use of its patented technology and expects to initiate strategic communications for potential licensing discussions, including one-year lease arrangements, or broader strategic alternatives like acquisition or buyout proposals for its patent portfolio. For a microcap company, successful monetization or defense of this patent against a major industry player could be a highly significant event.
At the time of this announcement, ELEK was trading at $0.01 on OTC in the Energy & Transportation sector, with a market capitalization of approximately $3.6M. The 52-week trading range was $0.00 to $0.10. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: ACCESS Newswire.