ELST Electronic Systems Technology Inc (PK)

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¹ Based on 4,946,502 shares of Common Stock issued and outstanding as of June 30, 2020.

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² Based on 4,946,502 shares of Common Stock issued and outstanding as of June 30, 2020.

This Schedule 13D/A relates to the acquisition of beneficial ownership of Common Stock, $0.001 par value per share (the “Common Stock”) of Electronic Systems Technology, Inc. (the “Issuer”), whose principal place of business is located at 415 N. Quay St., Bldg B1, Kennewick, WA 99336.

(a) The persons filing this statement (collectively, the “Reporting Persons” are:

(b)  The business address of each of the Reporting Persons is 4605 S Denice Dr., Englewood, CO 80111.

(c)  The principal business of EDCO consists of acquiring shares of capital stock to be held for long-term investment.

(d) The principal business of Mr. Kornelsen consists of performing the functions of, and serving as general partner of EDCO.

(e) During the last five years, no Reporting Person has (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction making any of them subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

(f) Mr. Kornelsen is a United States citizen.

On August 24, 2020, EDCO used capital contributions of its limited partners to purchase 119,200 shares of the Issuer's Common Stock in a series of open market transactions.

Prior to August 24, 2020, EDCO held 1,678,500 shares of the Issuer's Common Stock, acquired in transactions previously reported on beneficial ownership reports on Schedule 13D.

The Reporting Persons purchased securities of the issuer for investment purposes.

Except as otherwise disclosed herein, none of the Reporting Persons currently has any plans or proposals that relate to or would result in any of the transactions described in subparagraphs (a) through (j) of Item 4 of the Instructions to Schedule 13D.  However, as part of the ongoing evaluation of this investment and investment alternatives, the Reporting Persons may consider such matters and, subject to applicable law, may formulate a plan with respect to such matters, and, from time to time, may hold discussions with or make formal proposals to management or the board of directors of the Issuer, other stockholders of the Issuer or other third parties regarding such matters.

On June 6, 2014, Mr. Kornelsen was elected to the board of directors of the Issuer.

(a)  Based on 4,946,502 shares of the Issuer’s Common Stock outstanding, as set forth in the Quarterly Report on Form 10-Q filed by the Issuer for the quarter ended quarter ended June 30, 2020, EDCO beneficially owned 1,797,700 shares of Common Stock as of August 24, 2020, constituting approximately 36.3%. As a result, Mr. Kornelsen may be deemed to beneficially own all 36.3% of the total outstanding Common Stock of the Issuer, over which EDCO has sole voting and dispositive power.  EDCO is controlled by its sole general partner, Vern D. Kornelsen, who exercises sole voting and dispositive power over all the shares of Common Stock held by EDCO.  As a result, Mr. Kornelsen may be deemed to beneficially own all 36.39% shares of Common Stock owned by EDCO.

(b)  The Reporting Persons have not effected any transactions in the Issuer’s securities within the past 60 days.

(c)  Other than the Reporting Persons, no other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the Reporting Persons’ securities.

None.

None

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

August 25, 2020