ADVERTISEMENT
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

The Coretec Group Signs CHS Supply Agreement with Richman Chemical

November 16, 2021 GMT

ANN ARBOR, Mich.--(BUSINESS WIRE)--Nov 16, 2021--

The Coretec Group, Inc., (OTCQB: CRTG), developers of engineered silicon and 3D volumetric displays, has entered into an agreement with Richman Chemical Inc. (RCI) to supply The Coretec Group’s Cyclohexasilane (CHS) to North American customers.

Due to increasing supply chain difficulties and overseas shipping delays due to the COVID19 pandemic, it was important that The Coretec Group work with a US company to supply our North American partners with CHS. On November 15th, The Coretec Group signed a supply agreement with Richman Chemical for the first run of CHS as well as experimental processing. Richman, as The Coretec Group’s domestic supply partner, will accelerate the domestic delivery times of CHS to customers and partners in the US.

“Richman’s expertise in custom synthesis from lab-scale to production is crucial to Coretec’s success. We additionally look forward to a collaborative relationship, working directly with their chemists and engineers on site as appropriate,” said Michelle Tokarz, VP of Partnerships and Innovation, at The Coretec Group.

ADVERTISEMENT

Christopher Kulp, Chief Commercial Officer of RCI, added, “The Coretec Group’s engineered silicon technology is a game-changer for the energy, display, and printable electronics markets. We are proud to provide a domestic development and scale-up solution that meets the company’s rigorous technical demands. Ultimately, we strive to condense commercialization timelines for our customers, and that is our over-arching priority for CRTG.”

About Richman Chemical

Founded in 1988, Richman Chemical offers solutions for process development, regulatory assistance, small-to-large-scale manufacturing, and expert project management. Richman Chemical is an excellent resource for virtual firms and venture capitalist-supported start-ups with limited budgets and constrained timelines for commercialization, and it also counts many Fortune 500 firms as its customers.

ADVERTISEMENT

For more information, please visit www.richmanchemical.com. Follow Richman Chemical on LinkedIn, Facebook, and Twitter.

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 www.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/20211116006343/en/

CONTACT: Corporate & Media contact:

The Coretec Group, Inc.

Lindsay McCarthy

info@thecoretecgroup.com

+1 (866) 916-0833

KEYWORD: PENNSYLVANIA MICHIGAN NORTH AMERICA UNITED STATES UNITED KINGDOM EUROPE CANADA

INDUSTRY KEYWORD: TECHNOLOGY MANUFACTURING SEMICONDUCTOR TRANSPORT OTHER TECHNOLOGY NANOTECHNOLOGY LOGISTICS/SUPPLY CHAIN MANAGEMENT AUDIO/VIDEO ENGINEERING HARDWARE CHEMICALS/PLASTICS

SOURCE: The Coretec Group, Inc.

Copyright Business Wire 2021.

PUB: 11/16/2021 03:44 PM/DISC: 11/16/2021 03:44 PM

http://www.businesswire.com/news/home/20211116006343/en