Coretec Group Inc (CRTG)

[BoomSoon]

From today’s Duryea presser…

Several Departments to Restart Operations Next Week…

First shipments are going out to customers today. Information Systems are back in operation. The general clean-up is underway. “A task force is working on a recovery plan. It is too early to estimate the cost or give a date when the reconstruction will be finished,” Brown said.

http://www.us.schott.com/english/news/press.html?NID=us583

I revisited the plant restructuring announcement of 4-months ago – perhaps pertaining indirectly to us… we’ll see. Here are some excerpts:

The decision only impacts select optical glass production inside SCHOTT’s Advanced Optics Division. It does not affect SCHOTT’s non-continuous melting operations, which will continue to manufacture laser glass, infra-red glass, and other specific optical glasses.

SCHOTT’s North America Research & Development Center, also located in Duryea, is not affected by this decision.

“We remain confident and excited about the opportunities ahead of us utilizing innovative processes and materials that allow us to explore new and growing markets for Duryea,” says Brown.

http://www.us.schott.com/english/news/press.html?NID=com4580