Replies to post #38796 on Coretec Group Inc (CRTG)

[Testpilot]

twa,

Please cite your sources. Spouting of opinion and rhetoric serve no purpose, other than venting your frustration with your past experience in your investment with CRTG. Others on this forum have written information that is supported via links and direct quoted facts.

CRTG has satisfied the requirements for obtaining a Utility patent and now the USPTO will approve, or reject it after taking the time to review it.


"Converting a Provisional Patent into a Utility Patent
If you have a provisional patent, it doesn't automatically turn into a utility patent at some point. Instead, you must file a utility patent application within a year of the filing date of the provisional patent application in order to receive the full protection that a utility patent provides. To convert a provisional patent into a utility patent, you must reference the provisional patent, which has been holding a place for your eventual utility patent application."

https://www.legalzoom.com/articles/the-basics-provisional-patent-vs-utility-patent

[Testpilot]

twa,

CRTG is building a formidable brick wall of IP protection. Evonik successfully scaled CHS by 100 times and several customers, in the Fortune 500, believe that the CHS will promote the products they are developing.

"Coretec is gaining attention and sincere interest from our customers. Michelle Tokarz, her team, and in Coretec “Everyone is in Sales!”, are building an impressive sales funnel. We use Salesforce and now have >1000 leads in 4 major markets; 17% of those leads are qualified leads. Qualified means that the customer has plans for a Gen 2.0 product, which uses CHS for improved performance, and the customer wants to know more. For anyone in sales – that is an impressive % of qualified leads! We are working those qualified leads down through the sales process and have several slated for all 10 of the initial CHS samples. In fact, we have already asked Evonik for more CHS samples as demand has exceeded our initial expectations. Many of these leads are Fortune500 companies and leaders in their markets; however, as Non-Disclosure Agreements are typical in these relationships we may not be able to tell you the company name that is using CHS as a key advanced material in their product, but we will inform you of all the progress Coretec makes in 2021. Coretec has a solid Sales funnel for future and sustained business."

https://www.thecoretecgroup.com/media/press-releases/detail/1356/the-coretec-group-releases-ceo-annual-letter

"Coretec filed a provisional patent for CHS synthesis in March 2019 and then filed a full patent application a year later in March 2020. In June, we filed a provisional patent on a new LED design using CHS, a new LED structure, which we intend on filing a full patent for this technology on or before June 2021."

https://www.thecoretecgroup.com/media/coretec-blog/detail/1424/coretecs-ip-portfolio

"The Coretec Group builds on its Intellectual Property Portfolio"

https://www.thecoretecgroup.com/media/press-releases/detail/1361/the-coretec-group-builds-on-its-intellectual-property

[Quikshft]

Now, since the Chemical composition of the CHS material was new at the time

At what time? CHS has been around since 1977. Even if there ever was a patent, they last only 20 years and it is long ago expired.

Now, since the Chemical composition of the CHS material was new at the time, and not a natural substance that could be utilized by all! Therefore, it has to be patented to secure the effort made to make the CHS substance! If one could dip a cup into the ocean, and voile, a CHS cupful could be found, then all could use it without fear of an infringement!

There's a reason no patent on CHS exists, but certainly there is no provision that allows 'any' man made material to be worthy of receiving a patent. Read some patent law, for a chemist or a chemical engineer CHS is likely quite obvious.

Nonobviousness
"Loosely, something that is not readily apparent. Nonobviousness is one of the requirements for obtaining a patent. A supposed invention is usually obvious if someone of ordinary skill in a relevant field could easily make the invention based on prior art.

[Quikshft]

Now it could be that CRTG was in the process of utilizing the CHS by producing it in the near future, but the only thing that is clear is that they had no such ability to produce anything, only promises that they could deliver on what they were commercializing.....the CHS material? If they were able to produce the CHS, or had it available one way or another, the Agreement would not have failed? Our (7) day a month WONDER (At that time,) now increased to (8) days a month, could not fulfill his promises, whereupon the NDSU contract ran out of the time stipulation set forth in the agreement? The task was much to much for Kraft, as he had little money to work with unfortunately, so he had to accept the defeat and start from scratch again?

Close, but no cigar. Coretec had acquired the rights via license from NDSU to manufacture CHS. (note - NDSU has no patent on CHS, just a method of producing it) Once the rights to manufacture were secure, the next step was to find a supplier. Geleste stepped in and agreed to produce CHS for Coretec. Big party right? Wrong - the patent failed and Geleste was unable to produce CHS utilizing the tech. They never even produced test samples that I recall. Coretec feeling the pain of being stiffed by NDSU quits paying the license fees. Coretec informs NDSU they have no position from which to enforce a default of the agreement, and that is where we are today. Recent information released states that NDSU did not contact Coretec for the duration of 2020. Why have they not enforced a default? They are culpable in the failure, that is why.

Your conspiracy theory has nothing backing it. What's the crap about Kraft making unfulfilled promises? What were they? The unfulfilled promise is the NDSU patent, not worth the paper it's written on. From that ash heap, Kraft hired a team and invented a method of synthesizing CHS, all in just seven days a month. Now, the patent is just waiting on the USPO to grant it. Prediction - it will be granted because it works. Read the filings, the PR's etc. and figure it out. It isn't hard.