The Coretec Group Files Full Utility Patent for Development of Advanced Silicon Anodes

Rhea-AI Summary

The Coretec Group, Inc. (OTC-PINK: CRTG) has filed a full utility patent for advanced silicon anodes made from cyclohexasilane (CHS) aimed at enhancing lithium-ion batteries. This application, submitted on February 24, 2022, builds on a provisional patent from the previous year and aims to secure protection for their battery development initiative. The use of silicon as an electrode material is expected to improve energy density and stability in next-generation batteries. CEO Matthew Kappers stated that this patent is vital for their ongoing battery project.

Positive

• Patent filing on February 24, 2022, enhances IP protection for battery development.
• Focus on using silicon anodes is aligned with market trends for high-density lithium-ion batteries.

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• None.

ANN ARBOR, Mich.--(BUSINESS WIRE)-- The Coretec Group, Inc., (OTCQB: CRTG), a developer of engineered silicon and 3D volumetric displays, has filed a full utility patent on its provisional patent for the development of advanced silicon anodes using cyclohexasilane (CHS) and other silanes.

The full-utility patent – filed February 24, 2022 – builds on a provisional patent filed a year earlier. This patent application covers the use of CHS to produce a wide variety of silicon anodes for use in lithium-ion batteries.

Filing the utility patent is a necessary step to formally protect The Coretec Group’s work on the battery initiative it embarked upon last year.

Next-generation lithium-ion batteries require high energy and power density, rapid charging, and long-term cycling stability. Industry is actively pursuing the use of silicon as an electrode material because of its natural abundance and its ability to store more lithium than conventionally used graphite.

“This patent provides us the necessary protection as we develop our battery,” said CEO Matthew Kappers. “Developing our own silicon anode is an essential component of our battery development. This initiative will explore the use of CHS to develop a battery with higher density and improved cycling stability.”

About The Coretec Group

The Coretec Group, Inc. is developing a portfolio of engineered silicon to improve energy-focused verticals, including electric vehicle and consumer batteries, solid-state lighting (LEDs), and semiconductors, as well as 3D volumetric displays and printable electronics. The Coretec Group serves the global technology markets in energy, electronics, semiconductor, solar, health, environment, and security.

For more information, please visit thecoretecgroup.com. Follow The Coretec Group on Twitter and LinkedIn.

Forward-Looking Statements

The statements in this press release that relate to The Coretec Group’s expectations with regard to the future impact on the Company’s results from operations are forward-looking statements, and may involve risks and uncertainties, some of which are beyond our control. Such risks and uncertainties are described in greater detail in our filings with the U.S. Securities and Exchange Commission. Since the information in this press release may contain statements that involve risk and uncertainties and are subject to change at any time, the Company’s actual results may differ materially from expected results. We make no commitment to disclose any subsequent revisions to forward-looking statements. This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220228005649/en/

Corporate Contact

The Coretec Group, Inc.

Lindsay McCarthy

info@thecoretecgroup.com

+1 (866) 916-0833

Source: The Coretec Group, Inc.

FAQ

What is the significance of The Coretec Group's patent filed on February 24, 2022?

The patent enhances The Coretec Group's intellectual property for developing advanced silicon anodes, which are crucial for next-generation lithium-ion batteries.

How does silicon compare to graphite in lithium-ion batteries for The Coretec Group?

Silicon can store more lithium than graphite, offering greater energy density and improved cycling stability in lithium-ion batteries.

What recent development did The Coretec Group announce regarding its battery technology?

The Coretec Group announced a full utility patent filing that protects its work on developing advanced silicon anodes for lithium-ion batteries.

What are the expected benefits of The Coretec Group's silicon anodes?

The expected benefits include higher energy density, rapid charging capabilities, and long-term cycling stability for lithium-ion batteries.