Volkswagen Group to Review Elektros' Multi-Port EV Charging Patent
ELEK has more than doubled off its 52-week low of $0.002.
Summary
Volkswagen Group of America has acknowledged Elektros Inc.'s communication regarding its multi-port EV charging patent (U.S. Patent No. 12,522,100) and intends to review the technology. This marks a tangible progression in Elektros' ongoing efforts to engage with major automotive players, following earlier announcements of securing the patent and initiating strategic dialogues. For a micro-cap company, this direct engagement with a global auto giant like Volkswagen is a significant step towards potential monetization or partnership of its core intellectual property.
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 $2.9M. 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 7 out of 10. Source: ACCESS Newswire.