Coretec Group Inc (CRTG)

[Quikshft]

Pegs I don’t think things can happen quickly enough for Coretec to have a battery ‘on the market’ in 2023. I am on the fence anyhow in regards to trying to build out a complete battery to be marketed. I like the alternatives Matt Kappers noted during the last conference call, this would put revenue on the table a lot quicker than trying to sell a battery. Prove the tech, then sell it or license it to any and all who can incorporate it into their own design;

Regarding the end game, where do we go? Once we have solid data, we will have a number of alternatives. We can partner with a battery manufacturer to commercialize our battery. We will need to work with suppliers for the various other battery components, such as cathode and electrolyte providers. Also, another alternative, we can license the technology. Many technology, automotive, and battery companies would certainly be interested in our developments. Or we can outright sell the technology.

It was suggested on another message board that the company needs sales. This is true. CHS was supposed to have been commercialized in 2021 – Kappers said in the call that they aren’t moving away from CHS, but it does not appear that they are moving toward commercialization (as a priority) of the material as a stand-alone. If you want a comparison, go back and read the conference call transcript from July of 2020. For a couple years now we’ve been thinking that all we need is a CHS supplier and then there would be sales. I don’t know if the goal posts have been moved, or if there’s simply been another goal post added. So with that said what I am waiting to hear is that Richman Chemical has the ability to produce CHS at scale. If CHS is the game-changer we’ve been told it is, then sales should be the result.