TULSA, OK / ACCESSWIRE / October 16, 2019 / The Coretec Group, Inc., (OTC PINK:CRTG) (the "Company"), a Company developing a portfolio of silicon-based materials ("CHS") to pursue commercial development of products in energy-focused verticals, and the Diversified Alpha Fund, LLP ("DAF"), a Cayman based regulated mutual fund, announced today they signed an Investment Agreement for a $2.5 million investment in The Coretec Group.
A CHS supplier has been identified and an agreement is expected in the near term. A number of parties have expressed non-binding interest in acquiring CHS once a source of supply is established.
Coretec CEO Michael Kraft said: "We're very pleased with the DAF investment. It allows us to build momentum in market adoption and commercialization activities. I thank Coretec shareholders for their continued confidence in Coretec and our technology portfolio."
The DAF funding will accelerate the commercialization of Coretec's proprietary CHS technology that could be targeted at enhancing performance in the following significant global markets: Li Ion Battery/Energy Storage Materials ($20B), Solar ($148B), LED ($22B), Semiconductor Materials ($50B), Medical QDots ($5B), and 3D Displays ($100B).
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