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Coretec was started to market CHS a university tech and Coretec and NDSUs agreement is still intact to commercialize CHS even though NDSU and Coretec aren't working together in other ways .National labs and so forth but not NDSU The new chemical Manufacturer terms agreement should be announced soon and i think it will be a bit clearer on how Coretec moves forward with CHS commercialization.
As you know, our introduction to the opportunities inherent in CHS began with a licensee from North Dakota State University (“NDSU”) of its CHS technology. Our goal with licensing CHS technology was to secure a process for manufacturing CHS and then partner with our CHS volume manufacturer Gelest (“Gelest”) to make CHS for Coretec to sell to users in the applications described above. As application traction occurred, the goal was that Gelest would serve as our volume CHS supplier.
Recently it became clear to us that our relationship with NDSU does not fit the Coretec business strategy of effectively commercializing CHS. We are now developing other manufacturing processes, ones which we believe can be utilized more quickly, not have any exclusivity liability or infringement risk, and with potentially better results. Accordingly, we have permitted the NDSU optioned technologies to expire this past December as they were deemed unnecessary to our business model and we are presently in discussions with NDSU regarding the NDSU License Agreement.
Coretec’s strategy, that of creating value in the application space listed above thru the use of CHS, remains unchanged. We are confident that we can provide advantageous cost, industrial scalability, and high quality CHS in the applications we have identified and others we anticipate developing. Many applications where Coretec is focused can achieve superior cost and performance by using CHS, and we are committed to developing additional IP in these application areas through use of, for example, National Labs, government grants, and jointly developed IP with our customers and partners.
Coretec’s new supplier of CHS is a major, highly respected chemical manufacturer. Terms of that partnership will soon be announced, and Coretec is confident our new CHS suppler will provide us with high quality, high purity CHS quickly, and we will attain superior application results in our customer partnering efforts.
For 25 years companies , universities and the DOE and others have been trying to perfect the silicon based anode. NDSU started in 1995 on its work which is now CHS ,( Si6H12 ). Part os NDSUs project was done with the Dept of Energy ( DOE ) that was Gov funded , cost like 15 to 20 million and they hit all the DOE goals ! CHS is the real deal and works to create a silicon based anode that works without the cracking and fracturing of the anode during litigation which was the main problem and delivers 6 times the silicon in one molecule! Coretecs Si6H12 is a replacement for SiH4 which has been a billion dollar chemical that has many applications in many different technologies.
Si6H12 ( CHS ) will replace the Graphite anode with a silicon based anode which can increase the energy density 300% in the lithium ion batteries . 3Xs
Coretec HexaSilane's unique liquid state makes it possible to increase energy density by replacing the graphite anode, commonly used in lithium-ion batteries, with silicon-carbon nanostructures and alloys. These materials store more lithium ions- the energy source of a battery-, while demonstrating improved cycle lifetime and cost performance.
Tell us about the cost savings of CHS as related to energy storage.
The Energy Storage Market needs better batteries. Lithium-ion batteries can realize significant improvements in storage capacity by using Si anodes, and CHS can enable that in two ways. First in process ability; CHS can coat carbon nanoparticles as a liquid, making the coating process faster and cheaper. Second, with some unique processing, CHS can readily form Si nanoparticles which can address the issue of expansion and contraction experienced in charging and discharging Si anode lithium-ion batteries. A lithium-ion battery, however, with a Si anode has the potential to achieve a 300% increase in power density (300% more power output in same size/weight battery). We could also reduce battery weight and attain a significant increase in power. Think of an electric car battery half the size but with a 150% increase in power & distance. All other things being equal, that 200-mile EV range just turned into 500 miles.
Article placed on Coretecs facebook !!! Amperex makes lithium ion batteries with SILICON BASED ANODES CHS WOULD BE A PERFECT FIT TO GO INTO THIER BATTERIES TO INCREASE ENERGY DENSITY AND THE RANGE OF ELECTRIC VEHICLES HOPEFULLY THEY ARE ONE OF THE COMPANIES WHO WILL TEST CHS FROM CORETEC !!!!!!
Great things ahead for Coretec as they move to getting into the supply lines of their customers !!!
Great to see all the support of Coretec out here , its great to see 100% support from everyone Its obvious everyone sees great things on the horizon for this new start up company !!!
Another huge statement from the May 3rd shareholders letter :
We are also continuing our efforts to move our development of CSpace (volumetric 3D display) forward through discussions with Adelaide University in Australia. The goal is to test a new image space material in partnership with the university and we are exploring options including a grant from the Australian government. Adelaide University is a renowned research facility in the area of glass and polymer doped image spaces. We are working to provide substantive updates in the next weeks and months on developing doped polymer capabilities in the CSpace product line.
From the shareholder letter on May 3rd : Cant wait to hear who Coretecs new partner is , this is going to be huge !!!!
Coretec’s new supplier of CHS is a major, highly respected chemical manufacturer. Terms of that partnership will soon be announced, and Coretec is confident our new CHS suppler will provide us with high quality, high purity CHS quickly, and we will attain superior application results in our customer partnering efforts.
Great thing ahead for Coretec as we await the next update from management which i believe will show great progress !!!! The lithium ion battery business is going to be huge for Coretec !!!
CORETEC NOT IN DEFAULT !! NEW CHEMICAL MANUFACTURER PARTNER SHOULD BE ANNOUNCED SOON WITH DETAILS OF THAT PARTNERSHIP
On June 29, 2018, the Company and Coretec Industries LLC (collectively, the “Coretec”) entered into a settlement agreement and general release (the “Settlement Agreement”) with NDSU/RF to resolve the Dispute, pursuant to which Coretec and NDSU/RF shall fully and forever release each other from the Exclusive Licensing Agreement and mutually release each other of all claims in connection therewith.
8 K states clearly dispute was over line 3 and explained in line 4 here not the line having to do with Coretecs license of CHS Coretec will market CHS and get it into the hands of customers through their new chemical manufacturer , terms of that agreement m. Kraft stated in shareholder letter was to be out soon . Read the letter it explains everything VERY CLEARLY .
I. RECITALS
WHEREAS, Coretec sponsored research by North Dakota State University (“NDSU”) from August 14, 2015 through June 30, 2017;
WHEREAS, Coretec licensed certain technologies from NDSURF June 16, 2016 in an Exclusive License and amendments, if any (“Exclusive License”);
WHEREAS, Coretec was to provide compensation to NDSURF and NDSURF was to provide certain deliverables to Coretec;
WHEREAS, a dispute arose between Coretec and NDSURF regarding compensation and deliverables;
NOW, THEREFORE, in consideration of the promises and mutual promises herein contained, the undersigned parties covenant and agree as follows:
From todays Coretec facebook Coretec comments on a deal buy BMW , HUGE !!! Hopefully Coretec will be sending samples of CHS to these folks for testing !! Why would Coretec put this on their facebook ? Could be HUGE !!!
"German automaker BMW has awarded a contract worth a little over billion euros ($1.16 billion) to China's lithium-ion battery maker Contemporary Amperex Technology Ltd (CATL)."
https://thefinancialexpress.com.bd/trade/bmw-hands-huge-battery-deal-to-chinas-catl-1530263908
Lots of good trading today and some cheap shares sold . Coretecs New major ,well respected Chemical Manufacturer of CHS and terms of that agreement should now be made soon enough since Coretec can now move on to the next phase . This is getting very exciting to sa the least and SUCCESS FOR CORETEC IS GOING TO BE HUGE FOR SHAREHOLDERS !!!
New Manufacturer Terms and agreement for the manufactureing of CHS and Sale of CHS to customers should be out soon according to Michael Kraft in the shareholder letter that outlined everything including ending sponsored R&D with NDSU. This is a huge step for Coretec . Revenue should be very close NOW !!!!
May 3rd, 2018
Coretec Shareholders:
This is an update on recent activities of The Coretec Group, Inc. (“Coretec”) and to outline our plans for the near term as we pursue commercialization opportunities in Cyclohexasilane (“CHS”) technology and CSpace (volumetric 3D display).
In prior communications we have explained that CHS and other Silicon derivatives are at the forefront of promising current developments in applications such as medical use/drug delivery and monitoring, semiconductor processing, Si anode energy storage, and solar and LED efficiency. Coretec believes CHS is the premier Si derivative and is committed to CHS commercialization. We see continued interest in using CHS as the premier silicon-based precursor in this space. We plan to develop Intellectual Property (IP) in the applications space, both independently and in partnership with our customers; and in these cases and others we will strive to be the sole supplier of CHS.
As you know, our introduction to the opportunities inherent in CHS began with a licensee from North Dakota State University (“NDSU”) of its CHS technology. Our goal with licensing CHS technology was to secure a process for manufacturing CHS and then partner with our CHS volume manufacturer Gelest (“Gelest”) to make CHS for Coretec to sell to users in the applications described above. As application traction occurred, the goal was that Gelest would serve as our volume CHS supplier.
Recently it became clear to us that our relationship with NDSU does not fit the Coretec business strategy of effectively commercializing CHS. We are now developing other manufacturing processes, ones which we believe can be utilized more quickly, not have any exclusivity liability or infringement risk, and with potentially better results. Accordingly, we have permitted the NDSU optioned technologies to expire this past December as they were deemed unnecessary to our business model and we are presently in discussions with NDSU regarding the NDSU License Agreement.
Coretec’s strategy, that of creating value in the application space listed above thru the use of CHS, remains unchanged. We are confident that we can provide advantageous cost, industrial scalability, and high quality CHS in the applications we have identified and others we anticipate developing. Many applications where Coretec is focused can achieve superior cost and performance by using CHS, and we are committed to developing additional IP in these application areas through use of, for example, National Labs, government grants, and jointly developed IP with our customers and partners.
To accommodate the refinement of our strategy described above, our relationship with Gelest has been modified. Coretec and Gelest have mutually agreed to convert the CHS Supply Agreement, now cancelled, to an agreement under which Gelest will provide CHS storage and handling, website and catalog listing of CHS produced by or for Coretec for sale to its customers, and customer service including trans-fill of customer cylinders.
Coretec’s new supplier of CHS is a major, highly respected chemical manufacturer. Terms of that partnership will soon be announced, and Coretec is confident our new CHS suppler will provide us with high quality, high purity CHS quickly, and we will attain superior application results in our customer partnering efforts.
As projected earlier, we anticipated revenues from CHS efforts by this quarter. Due to delays in the efforts with NDSU we did not hit those targets, however, with the ability to secure high level CHS from our new CHS manufacturing partner we are aggressively continuing our efforts to achieve revenue and secure partnerships in the near term. CHS remains a highly desirable advanced material that can provide superior cost and performance to many applications and we remain committed to working with potential partners to secure that value for our shareholders.
We are also continuing our efforts to move our development of CSpace (volumetric 3D display) forward through discussions with Adelaide University in Australia. The goal is to test a new image space material in partnership with the university and we are exploring options including a grant from the Australian government. Adelaide University is a renowned research facility in the area of glass and polymer doped image spaces. We are working to provide substantive updates in the next weeks and months on developing doped polymer capabilities in the CSpace product line.
We are committed to commercializing CHS and the tasks that make this happen. We are confident that once customers have a quality, stable source of CHS for evaluation use in their applications, we will be on our way to forging the best path forward for Coretec.
Sincerely,
Michael Kraft
CEO – The Coretec Group Inc.
The Coretec Group, Inc. 6804 Canton Ave, STE 150 Tulsa, OK 74136-3419
GREAT NEWS ! As expected the old NDSU agreement has been done away with just as Michael Kraft stated it would be in the shareholder letter on May 3rd . The dispute was about the COMPENSATION AND DELIVEABLES PART OF THIS AGREEMENT AS IS LISTED AND POINTED OUT IN THE 8K .
WHEREAS, Coretec sponsored research by North Dakota State University (“NDSU”) from August 14, 2015 through June 30, 2017;
WHEREAS, Coretec licensed certain technologies from NDSURF June 16, 2016 in an Exclusive License and amendments, if any (“Exclusive License”);
WHEREAS, Coretec was to provide compensation to NDSURF and NDSURF was to provide certain deliverables to Coretec;
WHEREAS, a dispute arose between Coretec and NDSURF regarding compensation and deliverables;
NOW, THEREFORE, in consideration of the promises and mutual promises herein contained, the undersigned parties covenant and agree as follows:
CORETEC , CRTG , WILL PROVE TO BE THE BEST COMPANY TO BE A SHAREHOLDER OF IN 2018-2019 !!!!!! CHS IS BELIEVED TO BE ACCORDING TO THE COMPANY , THE PREMIER SILICON BASED PRECURSOR , THATS HUGE !!!! CRTG WILL BE " THE TOPIC " OF CONVERSATION OF 2018 -2019 FOR SILICON BASED MATERIALS !!! NUMBER #1
GREAT TO SEE THE TRANSPARENCY OF THE CORETEC IN THE CONSISTENT SHAREHOLDER UPDATES , FANTASTIC GREAT THINGS AHEAD. LOW FLOAT GREAT NEW TECHNOLOGY AND REVENUE ON THE WAY !!!!!!
PEGS , GREAT TO SEE YOU ARE sending encouraging emails to Coretec MANY OTHERS ARE AS WELL AND THERES NOTHING WRONG WITH THAT ,LETTING US KNOW YOU ARE SENDING EMAILS TO CORETEC IS ON TOPIC !!!!! ,AND ITS PAYING OFF PEGS KEEP UP THE GREAT WORK !!!!!!!!! its obvious you see great things on the horizon
Announcement of Coretecs new Chemical manufacturer coming soon !!!!!!
BELOW ; FROM MICHAEL KRAFT CEO OF THE CORETEC GROUP ...... GO CRTG NOTHING CAN STOP THIS TRAIN NOW !!! HUGE THINGS AHEAD !!!!!
Coretec’s new supplier of CHS is a major, highly respected chemical manufacturer. Terms of that partnership will soon be announced, and Coretec is confident our new CHS suppler will provide us with high quality, high purity CHS quickly, and we will attain superior application results in our customer partnering efforts.
Si6H12 wow great new technology getting ready to bring revenue into Coretec for the first time !!!!! Cant wait to see it !!!
https://d1io3yog0oux5.cloudfront.net/3dicon/files/pages/technology/coretec-products/Coretec+CHS+Datasheet+May+2017.pdf
PEGS A LOT OF PEOPLE HAVE ASKED FOR UPDATES FROM THE CEO AS WELL AND BUT ITS CLEAR MR. KRAFT GIVES UPDATES PERIODACALLY WHEN HE DECIDES TO > WE ALL KNOW PEOPLE WHO HAVE INVESTED IN CRTG INCLUDING MYSELF GREAT TO SEE SO MANY GREAT SHAREHOLDERS SUPPORTING CORETEC GROUP HERE, GREAT TO SEE SO MANY POSITIVE POSTS NO=W SUPPORTING CORETEC WOW THIS THING IS GETTING EXCITING FOR SURE AND BUSINESS IS GOING TO BE VERY SUCCESSFUL FOR CORETEC AND NOTHING CAN STOP IT NOW !!!!!!!!
The Coretec Group is going to VERY SUCCESSFUL FOR SHAREHOLDERS
I know a ton of people invested in CRTG and a lot of people have been asking for more updates other than yourself on things like the battery show and updates in general , your not the lone wolf out there sending in requests asking for updates. He's been consistent about giving updates to shareholders.
There are hundreds of start up companies in the United States and world wide which bring to market new materials and technologies as we all know the technology boom has been going on for some time and they employ people who specialize in taking new companies and new technologies to market .This is a field that people like Michael Kraft specialize in. As you can see this is a job Mr. Kraft has taken for other start ups. Finding the right personal isn't easy but most start-ups employ people nobody has ever heard of .Some start ups like apple or microsoft were run by people nobody knew as well and in those cases those new companies inventors brought on personal to work with the original inventors to bring their new tech to market and their technologies became as we know quit successful and they became very well know because of their success. As in the case of Coretec , the inventor was at a university , NDSU, and that required company to be brought on to market those new technologies and of course Coretec was started and Michael Kraft an expert at bringing new materials from new companies to market was brought on and he put together a team to get the job done . We can see that he has been very successful at doing that with other start ups with new technologies as well as being an high ranking executive at Ceradyne that went from a 100 million dollar company to be bought out by 3M for 860 million dollars . This is a specialty area of leadership that is highly sought after as there are many Universities and Government projects and others constantly bring new technologies to market and have to have experts in this field to get those technologies to market.
Michael A. Kraft
Chief Executive Officer
Michael Kraft is known for strategic vision, business development, and creating long-term organizational value from customers, markets, and strategic partners. As President/CEO, he has led companies in advanced materials and helped grow revenues from start-up to $300 million and established them as strategic suppliers to worldwide markets and partners of the Global 500. Michael has been a member of two senior executive teams that grew revenues from $100 million to $1 billion range and in both companies increased shareholder value to >$1 billion. His focus is to quickly identify critical market requirements, lead product development to grow revenues and market share organically, build strategic partnerships, and complete accretive acquisitions. Michael is excellent in worldwide market development, strategic partnerships, transaction diligence, public and private M&A in the $5 million to $1.5 billion range, and synergy realization. Michael has a BSEE/Systems Science degree from Michigan State University and a Masters in Management from Penn State University.
The Coretec Groups CHS silicon Based anodes are right on time to be a part and a key to the next generation Solis State Batteries. https://www.ednasia.com/news/article/silicon-anode-holds-key-to-solid-state-batteries
From the CEO blog we can see how important CHS , Coretecs silicon Based anode materials will be to the Solid State batteries .Keep in mind CHS is NOW being targeted to be used in current lithium ion batteries which dominate todays battery market as the material that makes silicon based anodes work for todays lithium ion batteries so they can switch from todays Graphite anodes to silicon based anodes and CHS is the key to doing just that to bring much greater performance for todays lithium ion batteries for Electric car batteries and consumer electronics and all the applications where lithium ion batteries are used . From the CEO blog: "While many potential customers are generally very receptive when it comes to discussing new Si-anode materials, performance testing is the next step which will ultimately move the needle for companies like Coretec. We were pleased with the discussions hosted and the new industry connections made, and remain optimistic for Si6H12, CHS, to be the Si precursor of choice for next generation solid state batteries."
Big time stuff !!!!
https://www.ednasia.com/news/article/silicon-anode-holds-key-to-solid-state-batteries
Highlights from the blog on Battery show in Europe shows the focus there WAS on next generation Solid State Batteries and shows Cortetec focusing on GETTING INTO IS THIS FUTURE GENERATION
BATTERY LINE IS HUGE !! Solid State batteries are the next generation battery and the key for that battery is the Silicon Based Anode .Great to see Coretec moving in that direction as well as working now to get into the supply line TODAY of lithium ion batteries which are the dominant battery today . Very importantly its noted that Lithium metal anodes only drew a very small amount of interest as the focus was on Silicon Based anodes !!!
From the battery show blog we can see several references that show the focus at the conference on next generation Solid State Batteries: "There were many trends present during the show. For one, it’s quite clear that Europe is establishing itself as a manufacturing hub for batteries, with countries like Sweden making an aggressive push to become the epicenter. As such, these countries are working to identify what competitive advantages they can bring to the market that would be superior to Asia."
"Ramez observed strong interest in new anode materials, especially silicon based ones, with lithium metal anodes only garnering a small fraction of new materials R&D. New anode technology is crucial to improve battery performance. Many are seeking integrated technologies using silicon-based anodes to design next generation solid-state batteries, and view CHS as a potential key to reaching that objective."
"While many potential customers are generally very receptive when it comes to discussing new Si-anode materials, performance testing is the next step which will ultimately move the needle for companies like Coretec. We were pleased with the discussions hosted and the new industry connections made, and remain optimistic for Si6H12, CHS, to be the Si precursor of choice for next generation solid state batteries".
Coretec has the best management of any new company in the United States or even the World for that matter !!! Time will prove this to be true !!!!
Great things ahead !!! nothing can stop the success that is coming for The Coretec Group !!! Future Updates will keep proving that over and over again!!!
I would be great to see 100s of thousands of shares sold at .07 cents but it seems only a handful of shares are being sold at that price .I believe that .095 cents is a great price for Coretec stock and will prove to be a great investment !!!!! Time will prove who is right about that !!!!!
Cant wait for the next news out on the recent developments of Coretec !!!!!!!!!!!
It will be great to see who the new Major Chemical Manufacturer is !!!! Shouldn't be to much longer!!! Nothing can stop the success of Coretec !!!
Soon ENOUGH I BELIEVE there will be an update and that update will be a great reminder that Coretec is going to be VERY SUCCESSFUL. PEGS YOU ARE GOING TO BE RIGHT ON !!!!!! Time will prove that The Coretec Group is a great investment !!!
New OUT !! Coretec facebook posted article , "The global 3D visualization and rendering market to reach 5.63 billion dollars by 2025 " !!! C-SPACE WOULD BE AN EXCELLENT TECHNLOGY NEEDED TO PROPERLY VIEW ALL THE 3D SOFTWARES 3D IMAGES COMING OUT TODAY. THE MARKET DOESNT REALLY HAVE A REAL 3D TECHNOLOGY THAT IS AS GOOD AS C-SPACE TO VIEW ANYTHING IN A REAL 3D FORMAT!!! GREAT THINGS AHEAD FOR C-SPACE IN TIME. CORETEC SAID THEY WERE WORKING ON A PARTNERSHIP WITH ADALAIDE UNIVERSITY IN AUSTRAILIA TO COMPLETE THE C-SPACE IMAGE CHAMBER WHICH IS ALL THATS NEEDED TO COMMERCIALIZE C-SPACE !!!!
Im assuming we get more updates soon enough and the name and details of the new manufacturing partnership i would think . If there is anything to CHS , and i believe there is , Michael Kraft and the Coretec team will create a great company !! These guys are pros at what they do !!
twaflyer, Si6h12 IS VERY UNIQUE AND DIFFERENT !! Why ? The Cyclohexasilane H12Si6 you can find online thats for sale IS A POWDER !! CORETECS CHS Si6H12 is a liquid and the 2 are very different. Huge difference here. Don't believe just any foolish comment you read BY THE UNIFORMED .I guess these same people also think that the old land line PHONES are just the same as the new CELL PHONES EVERYONE is carrying around today . AND AS WE KNOW LAND LINE PHONES ARE NOT IN THE SAME CLASS AS CELL PHONES FOR MANY REASONS AS WELL AS THE FACT THAT CELL PHONES ARE WORTH BILLIONS OF MORE DOLLAR WISE THAN THE OLD LAND LINE TECHNOLOGY!!! DONT BELIEVE EVERYTHING YOU READ !!!
I believe we will get a comprehensive detailed update in time that will make things very clear as far as the current plans timelines partnership details and so forth. That will eliminate a lot of the guess work on whats happening within the company
AGREEEEEEE !!!!!!!!!
The name of Coretec s new major manufacturing company should be announced soon and WILL BE MORE PROOF THAT CORETECS Si6H12 ( CHS ) IS GOING TO BE VERY SUCCESSFUL !!! NOTHING CAN STOP THE SUCCESS CORETEC IS GOING HAVE PERIOD , NOTHING !!!!
Great things ahead for CHS and Coretec , CHS and here at exactly the right time and nothing can stop it now from being successfully implemented into thee supply lines of Lithium ion batteries and many many other technologies. The article link is a reminder to all that Coretecs timing is PERFECT !!!
https://www.bloomberg.com/news/articles/2018-06-13/how-batteries-went-from-primitive-power-to-global-domination
Coretec and CHS have arrived at the right time as the battery industry looks for improved materials for battery anodes to increase range for electric vehicles. $$$$$$$ for Coretec revenue should be great !!!
http://resourcestockdigest.com/archives/simon-moores-were-in-the-midst-of-a-global-battery-arms-race/
Coretec has a said they have a new Major Chemical manufacturer partner with details of that partnership announced soon !!!!! Cant wait to hear the name great days ahead !!!