Electro-Sensors, Inc. and Mobile X Global Agree to Terminate Merger Agreement

Minnetonka, Minnesota, January 30, 2023; Electro-Sensors, Inc. (Nasdaq: ELSE) and privately
held Mobile X Global, Inc. announced today that the two companies have terminated the
definitive merger agreement the parties entered into on June 10, 2022.

For the full press release please view the attached document.  

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