CRTG latest update:
“March was a very productive month for The Coretec Group (OTCQB: CRTG) as it announced a definitive share exchange agreement with Core Optics LLC. Company leadership expounded upon its details during a March 14 shareholder call and presentation (the full transcript and recording of which can be found here).
The chief takeaways from the call demonstrate the market opportunity ahead, as CFO/COO Matthew Hoffman provided updates and a future outlook of the Company’s Endurion battery program:
Endurion boasts full coin cell batteries with strong stability, lasting over 500 cycles: an impressive cycle life benchmark that creates clear pathways for the technology to be applied to a number of customer markets. Core Optics’ existing relationships and customer base within these industries create opportunities for partnerships and commercial adoption.
The Endurion team’s work has achieved new IP in the form of an advanced coating methodology that can extend beyond just battery applications, which will be a major asset in the future licensing of the technology as well as the overall value of the Company.
Looking ahead to the rest of 2024, The Coretec Group aims to scale up its anode material synthesis capabilities to meet the demands of potential partners. Endurion’s latest progress positions it well for securing development funding, which Company leadership will pursue aggressively as it strives toward the larger goal of making the program a self-sustaining business unit. The Coretec Group’s relationship with Core Optics will also prove essential in the solidification of Endurion’s partnerships and financial goals for the remainder of the year.
The Company also contributed an article to POWER Magazine on the bright future of lithium-ion batteries through the use of silicon anode technology. The piece details the principal caveats hampering si-anode adoption and Coretec’s nanoparticle solution that could overcome them and bring about the next generation of high-efficiency EV batteries.
Lastly, Coretec CTO Ramez Elgammal will soon be featured on the eVTOL Insights podcast. Be sure to be on the lookout for updates regarding its release.
While it’s been an exciting month, the Coretec team still has plenty more, exciting work ahead of it in the weeks to come. Anyone interested in keeping pace with the Company’s news and updates in real-time is encouraged to follow along on its LinkedIn and X profiles”
Bullish
