ELEKTROS Sends May 5 Cease-and-Desist to Global Automaker Over EV Charging Patent
Updated
Updated · StockTitan · May 17
ELEKTROS Sends May 5 Cease-and-Desist to Global Automaker Over EV Charging Patent
2 articles · Updated · StockTitan · May 17
May 5 marked ELEKTROS' cease-and-desist notice to an undisclosed global automaker over alleged use of its EV fast-charging technology covered by U.S. Patent No. 12,522,100 B1.
The company said it is still assessing potential unauthorized use of the patent across the EV industry, framing the move as part of a broader effort to protect intellectual property and shareholder value.
ELEKTROS also said it expects to open licensing talks tied to the patent, including possible 1-year lease arrangements, and is weighing wider strategic options such as acquisition or buyout proposals for the portfolio.
Alongside the patent push, ELEKTROS highlighted its hard-rock lithium exploration in Sierra Leone and a 33.33% Friday share gain, casting both as part of its broader electrification strategy.
Is ELEKTROS’s patent lawsuit against a major automaker a real tech disruption or a calculated stock play?
How will a small company's dual play in African lithium and US patents disrupt the global EV supply chain race?
Can today's battery technology safely handle the 5-7 minute EV charge time that ELEKTROS claims its new patent enables?