Coretec Group Inc (CRTG)

[budfox2]

previously reported, a suitable U.S.-based manufacturer for scaling CHS has been identified for the initial production of the material for commercial purposes. Technical meetings are taking place at each site to define the scope of the activities as between the parties. A draft Joint Development Agreement (JDA) is in the final stages of negotiation. The JDA is expected to lead to a business partnership between the parties. The initial manufacturer will likely participate in future discussions and JDA's with other partners as well. The sale of (pilot scale) materials will begin in early 2017.