The Coretec Group Releases March 2024 Shareholder Call Transcript and Webcast Recording

The Coretec Group and Core Optics leadership reviewed their pending transaction and detailed the various market opportunities for existing products as well as Endurion

ANN ARBOR, Mich., March 20, 2024 (GLOBE NEWSWIRE) -- The Coretec Group (OTCQB: CRTG), developers of silicon anode active materials for lithium-ion batteries and cyclohexasilane (CHS) for electric vehicles (EVs), cleantech, and emerging tech applications today released the transcript and webcast recording from its March 14, 2024 shareholder update on the Company’s Investor Relations Website.

During the call, The Coretec Group’s Chief Executive Officer, Matthew Kappers, and Chief Operations and Financial Officer, Matthew Hoffman spoke alongside Core Optics, LLC’s Chief Executive Officer, Dr. Seonkee Kim. The group discussed the synergistic alignment resulting from the future combination of the two companies, and how they seek to build upon Core Optics' existing and growing revenue by leveraging its customer base and marketing Endurion.

Major topics covered include:

• Beneficial market overlap, as Core Optics’ revenue-producing and profitable compact camera modules (CCMs) business line is used in key applications that intersect with Endurion's target market, including automotive, eVTOL (including drone), and consumer electronics markets.
• Key customer interests, as The Coretec Group’s and Core Optics’ target market is the major automotive companies. Both operations will benefit by sharing existing automotive customers as well as consumer electronics and eVTOL industry players.
• Using its CCM testing technology, Core Optics is developing battery testing equipment, which could accelerate Coretec’s commercialization of Endurion.
• A shared interest in the photonics industry. The development of The Coretec Group’s CSpace technology could see critical advancements through the utilization of Core Optics’ dedicated research and development group that continuously works to improve its photonics offerings.

Further, Core Optics’ financial statements are currently being audited. The Company cannot publish financial information until the audit is complete and plans to do so when appropriate.