Coretec Group Inc (CRTG)

[Clonefan]

The Trade Show Prototype is not ready yet. Sid Aerosty and others at last October's Shareholder meeting stated that the Trade Show Prototype would not be ready for approximately 12 months. Wilner has also stated in his last update that the TSP won't be developed until they complete the Lab Prototype #3. The 3rd Lab prototype was not mentioned last Fall when Sid made his statement about the test bed being 6 months out and marketing prototype being approximately 12 months out. In any case, they are making progress on the lab prototypes in preparation to develop the TSP correctly. It might take longer than the 12 months anticipated last October, but I am ok with that as long as they are able to get it done.

Wilner on July 24th: "We are also starting the planning for the third generation laboratory prototype, Lab Proto 3. The goals for Lab Proto 3 are to develop a lower cost and more scalable image chamber material (plastic or glass plus phosphor) and to use that new material to construct an even larger image chamber than we are building for Lab Proto 2. With Lab Proto 3, we expect to validate / de-risk the final component technology upon which CSpace is based and as a result Lab Proto 3 should be the last laboratory prototype we will need to build. On the heels of Lab Proto 3, we plan to design and build an even larger, fully packaged, and portable product prototype which we have been calling the Trade Show Prototype."