What Coach could have said Feb 25th instead...
“We had to make a change in the source of our CHS and we severed our ties with NDSU because in many areas value was not being realized. We have surveyed the other options existing and are currently in detailed and confidential discussions with a major international supplier and potential distribution partner for our CHS. I wish to emphasize ‘our CHS’ as we are focused on building unique Coretec CHS IP even though our subsidiary, Coretec, does not own any patents.
“With the change in the source of our CHS, we are not aware of any potential violations of others’ intellectual property rights, however, we may face claims, including from direct competitors, other companies, scientists or research universities, asserting that our technology or the commercial use of such technology infringes or otherwise violates the intellectual property rights of others. We cannot be certain that our technologies and processes do not violate the intellectual property rights of others. If we are successful in developing technologies that allow us to earn revenues and our market profile grows, we could become increasingly subject to such claims.
“Additionally, if we were found to be infringing or otherwise violating the intellectual property rights of others, we could face significant costs to implement work-around methods, and we cannot provide any assurance that any such work-around would be available or technically equivalent to our potential technology. In such cases, we might need to license a third party’s intellectual property, although any required license might not be available on acceptable terms, or at all.
“Having said all this shareholders, I am pleased to inform you that no one has left the team. We, the Coretec Team, remain steadfast in our belief that CHS (Si6H12) will be a valuable silicon precursor in the very near future to several significant applications and the only question remains is ‘who will be supplying the CHS?’ Us! That’s right! We expect that supplier to be Coretec, somehow, someway, given the fact that we do not own any patents. And I must say, non-ownership of those patents have provided the hurdles we have encountered in all our dealings of the recent past and have been much more than initially expected. However! We did not lose faith then, we have not lost faith now, and we only hope that you have not as well.”
