Elektros Inc. obtains patent pending for revolutionary battery charging technology

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Plans to begin efforts to commercialize patent-pending technology with major electric vehicle manufacturers

SUNNY ISLES BEACH, Fla., November 01, 2021 (GLOBE NEWSWIRE) – Elektros, Inc. (OTC: ELEK) today announced that it has obtained a patent pending license for a self-recharging battery pack and a charging kit multiport. The pending patent relates to a device application for the United States letters patent was filed on October 27, 2021 with the United States Patent and Trademark Office.

Elektros will target electric vehicle manufacturers, such as Waymo, Envoy, Lucid Motors, Revel, NIO and Nikola with its patent pending technology, as well as alternative fuel vehicle manufacturers. The Company plans to begin its activities in the design, development, manufacture and sale of fully electric sport utility vehicles and energy production and storage systems.

In the electric vehicle segment, there are three primary means of powertrain electrification that will differentiate various competitors from our planned electric sport utility vehicle, as well as potential users of our patent pending battery charging technology.

  • Electric vehicles are vehicles that are fully powered by a single on-board energy storage system (battery or fuel cell) that is powered directly from an electricity source.

  • Plug-in hybrid vehicles are vehicles powered by both a battery with an electric motor and an internal combustion engine that can be refueled with both traditional petroleum fuels for the engine and electricity for the battery. The internal combustion engine can either run in parallel with the electric motor to power the wheels, as in a parallel plug-in hybrid vehicle, or be used only to recharge the battery, such as in a plug-in hybrid vehicle like the Chevrolet Volt.

  • Hybrid electric vehicles are vehicles powered by both a battery with an electric motor and an internal combustion engine, but which can only be refueled with traditional petroleum fuels, as the battery is charged via regenerative braking, like that used in a hybrid electric vehicle like the Toyota Prius.

Shlomo Bleier, CEO of Elektros, Inc. said: “This achievement is the first of many milestones that will add a solid foundation for building our sustainable competitive advantage. This intellectual property allows us to protect our assets globally and move towards commercialization. Mr Bleier continued, “We believe this technology could be a game-changer for the electric vehicle industry. We plan to not only include it in our own designs, but also aggressively market the technology to major electric vehicle companies. “

About Elektros Inc.

Elektros is an American electric vehicle company that innovates in mobility solutions for consumers and businesses. The automotive landscape faces existential disruption over the next decade to achieve carbon neutrality. Elektros addresses this paradigm shift with mobility technologies that support sustainability for a transformative user experience. Elektros aims to unveil a compelling and completely new electric vehicle experience to consumers as early as 2023. The company expects a product launch in early 2022.

Cautionary Language Regarding Forward-Looking Statements

This press release contains “forward-looking statements” which include information relating to future events and to future financial and operational performance. The words “may”, “would”, “will”, “expect”, “estimate”, “may”, “believe”, “the potential” and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be interpreted as a guarantee of future performance or results, and will not necessarily be precise indications of when or by which such performance or results will be achieved. Forward-looking statements are based on information available at the time they are made and / or on the good faith belief of management at that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed or suggested by forward-looking statements. Important factors that could cause these differences include, but are not limited to: fluctuations in demand for Elektros, Inc’s products, the introduction of new products, the company’s ability to maintain commercial and strategic relationships with its customers, the impact of competitive products and pricing, growth in target markets, the adequacy of the Company’s liquidity and financial strength to support its growth, and other information which may be detailed from time to time. other in filings by Elektros Inc with the United States Securities and Exchange Commission. Examples of such forward-looking statements in this press release include statements regarding future sales, costs and market acceptance of the products, as well as state or federal regulatory actions. For a more detailed description of the risk factors and uncertainties affecting Elektros Inc., please refer to the documents filed with the Securities and Exchange Commission of the Company, available at www.sec.gov. Elektros, Inc. assumes no obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events, or otherwise.

Contact: Electros, Inc.

Investor Relations and Media Inquiries

Gabe Rodriguez

E-mail: erelationsgroup@gmail.com

Telephone: (623) 261-9046


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