Volkswagen to Review Elektros' Multi-Port EV Charging Patent
ELEK has more than doubled off its 52-week low of $0.002.
Summary
Elektros Inc. announced that Volkswagen Group of America's legal team will review its U.S. Patent No. 12,522,100 for multi-port EV charging technology. This marks a specific progression in the company's ongoing efforts to monetize its intellectual property, following the patent's issuance in March and subsequent announcements about engaging with major automotive companies. For this micro-cap company, a direct review by a major global automaker like Volkswagen is a material development that could lead to future licensing or enforcement opportunities.
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 8 out of 10. Source: ACCESS Newswire.