Elektros announced it has signed a Memorandum of Understanding (MOU) with Next Realm AI to explore integration of machine learning technologies for electric vehicle (EV) operations. The Company announced agreement with Next Realm AI, a New York based technology research firm, to explore integrating machine learning and analytical capabilities to improve customer experiences, accelerate the modernization of product development, manufacturing and supply chain management, and fast track the implementation of data-driven business models for the EV market. Battery Analytics: Intelligent battery analytics improve the performance of lithium-ion batteries by monitoring performance, state of charge, stress from rapid acceleration and deceleration, temperature and the number of charge cycles.

The Company's Patent Pending Multi-Port Charging Assembly will allow users to use multiple charging features on electric vehicles, which the company plans to market to major EV manufacturers under royalty licensing agreements. Mining Operations: Artificial intelligence provides many economic benefits for the mining industry through cost reduction, efficiency, and improving productivity, reducing exposure of workers to hazardous conditions, continuous production, and improved safety. Smart sensors and cameras aid automated equipment while also monitoring the safety of workers, and environmental impacts at mines.

Customer Service: Built on top of a Large Language Model (LLM), ChatGPT interacts in a dialogue format understanding a diverse range of prompts and generating human-like responses by predicting future words.