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Coretec Group Supports Passage of US Federal Budget Bill and Impact on Electric Vehicles

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ANN ARBOR, Michigan (USA), March 15, 2022–(BUSINESS WIRE)–Coretec Group, Inc. (OTCQB: CRTG), which develops engineered silicon, a lithium-ion battery pack with a silicon anode and 3D volumetric displays, supports passage of US Act US on federal spending 2022.

Coretec Group is pleased to embark on programs to increase energy efficiency, improve transportation infrastructure, and support the science needed to achieve goals in the clean energy and transportation transition. In particular, the bill provides funds for research and development to improve battery technology for electric vehicles.

In particular, Coretec Group believes that its advances in developing a silicon-based single-anode lithium-ion battery pack will improve battery cycle stability, extend battery life, and increase the ability to store more energy. The main driver for the development of the silicon anode was the 10-fold increase in the chargeability of silicon compared to a conventional graphite anode. The inherently higher energy density of silicon and silicon composite anodes will increase battery performance in applications such as electric vehicles, mobile devices and space exploration. The Coretec Group uses cyclohexasilane (CHS) and similar molecules to specifically customize the nature of the silicon materials in said anode.

“This bill provides funding for battery development,” said CEO Matthew Kappers. “We see opportunities for Coretec Group to participate in several programs highlighted in the Department of Energy portion of the bill, including advancing science, which is required for advancements in electric vehicles and energy storage in general.”

About Coretec Group

Coretec Group, Inc., is developing a portfolio of silicon designed to enhance energy-centric industries, including consumer electric vehicles and batteries, solid-state lighting (LED) and semiconductors, as well as 3D volumetric displays. and printable electronics. The Coretec Group serves global technology markets in the areas of energy, electronics, semiconductors, solar energy, health, environment and security.

Visit thecoretecgroup.com for more information. Follow the Coretec Group Twitter and LinkedIn.

Forward-Looking Statements:

Statements in this press release that address Coretec Group’s expectations regarding the future impact on the Company’s operating results are forward-looking statements and involve risks and uncertainties, some of which are beyond our control. Such risks and uncertainties are described in more detail in our filings with the Securities and Exchange Commission. Because the information in this press release contains statements that involve risks and uncertainties and is subject to change at any time, the Company’s actual results could differ materially from anticipated results. We do not undertake any obligation to publish any subsequent revision of any forward-looking statement. This announcement does not constitute an offer to sell or a solicitation of an offer to buy any securities of any company.

The source language in which the original text is published is the official and authorized version. Translations will be included for better understanding. Only the version in the language that was originally published is legally valid. Therefore, compare the translations with the original language version of the publication.

View the original version on businesswire.com: https://www.businesswire.com/news/home/20220315006094/en/


The Coretec Group, Inc.
Lindsay McCarthy
[email protected]
+1 (866) 916-0833

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