The Coretec Group Files a Provisional Patent for Improved Silicon-Based Battery Anode Development

Company scientists have created three distinct strategies to extend the life and increase the density capabilities of lithium-ion batteries, with an emphasis on manufacturing scalability

ANN ARBOR, Mich., May 04, 2023 (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 announced that it has filed a provisional patent for the development of proprietary artificial solid electrolyte interfaces (SEIs) capable of extending the life and increasing the capabilities of silicon-based anodes for lithium-ion batteries. The provisional patent application was filed May 1, 2023 as part of the Company’s Endurion battery program focused on the development of EV batteries that charge faster and last longer than the current industry standard.

Coretec’s team of scientists have developed three distinct and novel methodologies for minimizing pulverization and increasing rate capability by creating an artificial SEI layer around the silicon nanoparticle. Data supports the claims outlined in the patent filing and indicate that Endurion batteries utilizing this proprietary SEI layer are capable of extending the life of silicon-based anodes and enable improved silicon loadings in lithium-ion batteries for more energy density.

“This provisional patent is intended to protect a process that we believe is unique and possesses significant impact potential in the development of our Endurion Battery program, and battery R&D in general,” said Matthew Kappers, CEO at The Coretec Group. “Studies have shown that silicon anodes have the potential to increase battery charge capacity over traditional graphite anodes by as much as a factor of 10x. The challenge has always centered around silicon particles tending to pulverize during the charge and discharge cycles, something this provisional patent addresses and is backed by the data.”

The Endurion program’s strategies are focused on creating artificial SEI layers with customized surface chemistries that provide enhanced pathways for lithium-ion and electronic conduction, while limiting pulverization. Using limited synthetic steps, these methodologies should have achievable manufacturing scalability, helping bring these technologies to commercialization. Altogether, Endurion’s approach in this provisional patent could bring about battery development methods that may yield improved silicon anodes for both lithium-ion and solid-state batteries.

“This patent filing is a major step forward in our Endurion battery program. Our unique approach to an artificial SEI is poised to deliver groundbreaking results, advancing silicon anode technology and making next-generation silicon-based anodes commercially viable,” said Dr. Ramez Elgammal, Ph.D., Chief Technology Officer at The Coretec Group. “Silicon anodes are going to be the key to unlocking the pathway to 1000+ Wh/L batteries necessary for the demands of EVs, and our team is dedicated to further improving their capabilities, creating even more efficient, longer-lasting batteries than previously thought possible.”

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About The Coretec Group

The Coretec Group, Inc. is an Ann Arbor, Michigan-based developer of engineered silicon, working to improve lives and power the EV, cleantech, and emerging technology markets of tomorrow. Under the company’s battery program, Endurion, the Coretec team is applying its expertise in silicon nanoparticles to develop silicon anodes for lithium-ion batteries in EVs that will charge faster and last longer than the current industry standard.

Additionally, Coretec is also utilizing its engineered silicon to develop a portfolio of energy-focused products, including solid-state lighting (LEDs), semiconductors, 3D volumetric displays, and printable electronics. The Coretec Group’s groundbreaking work is revolutionizing the EV and energy storage markets and will continue to be a pioneer in this fast-paced industry.

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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.

Corporate Contact:

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

Media Contact:

Spencer Herrmann
FischTank PR
[email protected]
+1 (518) 669-6818

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Israeli soldiers assault Palestinians protesting against Israeli closure of village

Israeli occupation forces today assaulted residents of the village of Shufa, southeast of Tulkarm, while demonstrating at the main entrance to the village in protest of the Israeli occupation’s ongoing closure of the entrances to the village of the fourth consecutive day. WAFA correspondent said Israeli occupation soldiers fired stun grenades and teargas canisters at the protesters, causing many cases of suffocation among the protesters from gas inhalation. The protesters raised Palestinian flags and shouted slogans expressing their rejection of the ongoing closure of the village’s entrances by the Israeli occupation army. Murad Drubi, a local activist of the Fatah movement, told WAFA that the ongoing Israeli restrictions on the village amount to collective punishment, calling for an end to the unjust Israeli policy. Almost every week, attacks by Israeli settlers from the nearby illegal Israeli settlement of Avnei Hefetz are reported in the village.

Source: Palestine News & Information Agency (WAFA)

Two Palestinians injured by Israeli gunfire near Qalqilia

Two Palestinian young men were injured by Israeli gunfire this evening near the town of Hableh, to the south of Qalqilia in the occupied West Bank, according to local sources. The sources told WAFA that two Palestinian young men from the town of Beit Furik in Nablus province were shot and injured by Israeli occupation soldiers as they approached the Israeli segregation barrier, which is adjacent to the town of Hableh. The two were rushed to a nearby hospital, where their condition was described as moderate. Palestinian workers in the occupied West Bank usually opt for alternative routes to avoid overcrowding at major Israeli checkpoints in their daily journey to their workplaces inside Israel and in their way back home, and are often attacked by Israeli soldiers whenever they try to cross the Israeli segregation barrier.

Source: Palestine News & Information Agency (WAFA)

DIFC enacts new Venture Studio Regulations

DUBAI, 4th May, 2023 (WAM) Dubai International Financial Centre (DIFC) today announced the enactment of the new Venture Studio Regulations. This move will establish the first global legal framework for the regulation of venture building, which will aim to promote the growth of innovative start-ups and scale-ups in the region from within DIFC. Venture Studio Regulations Following a 30-day public consultation period, announced in February 2023, the Board of Directors of the DIFC Authority has enacted the Venture Studio Regulations, which supports the DIFC Launchpad by providing a legislative framework for venture building. Key features of the Venture Studio Regulations include providing the world’s first legislative framework for venture building, establishing legal certainty around the venture building model, and clarifying how venture studios, entrepreneurs, and start-ups interact with each other and the wider market. The regulations also facilitate ease of doing business within the venture studio model by implementing specific operational measures to enable the incubation of new business ideas, sponsorship of entrepreneurs, and reduced costs for scaling new businesses. The Venture Studio Regulations came into effect on 26 April 2023. Jacques Visser, Chief Legal Officer at DIFC, commented: “We are pleased to announce the enactment of the DIFC Venture Studio Regulations, 2023. The Regulations provide the first legislative framework for venture building globally, forming a tailored ecosystem for venture building, entrepreneurs, start-ups and investors to operate from the DIFC.” In addition, DIFC recently announced proposed amendments to the Data Protection Regulations to enhance the current data protection framework within DIFC (ink). Further details about the proposed Data Protection Regulations can be found in Consultation Paper No 2. of 2023, available ;uhere. The proposed regulations have been posted for a 30-day public consultation period with the deadline for providing comments ending on 17.05.2023. Finally, minor amendments have been made to the Prescribed Companies Regulations to align the definition of “Family”, in the context of Family Operated Businesses that benefit under the regime, with the recently enacted DIFC Family Arrangements Regulations.

Source: Emirates News Agency (WAM)

50 Chinese unicorns set to make strong presence at AIM Global 2023

ABU DHABI, 4th May, 2023 (WAM) The upcoming Annual Investment Meeting (AIM Global 2023) is set to further demonstrate the United Arab Emirates’ role as China’s “gateway to the world,” with the increased number of companies, organizations, and investors from the world’s second-largest economy participating in this year’s edition of the conference. This comes as the two countries recently discussed boosting joint investment prospects in new economic sectors. China’s top 50 unicorns are expected to join the “Arab-China Unicorn Investment Conclave,” which is organized on the sidelines of the AIM Global 2023. Its objective is to delve into the intricacies of investing and scaling successful unicorns in China and the UAE by means of engaging talks and thought-provoking panel discussions, with the aim of providing valuable strategies and insights to the attendees, some of which are from international and regional organizations, ministries and government departments, and chambers of commerce and industry business councils, among many others. The conclave is also an opportune platform for the participating unicorns from China to showcase their best innovation projects and pitch their growth plans and potential to investors. In addition, partners, sponsors, and top technology solution providers from the UAE and China as well as their leading investment opportunities in technology will be recognized through the “Unicorns Social Impact Awards” as part of the event’s closing ceremonies. With the support of the Ministry of Industry and Advanced Technology and the Abu Dhabi Department of Economic Development as lead partner, the 12th Annual Investment Meeting will take place on 8th to 10th May at the Abu Dhabi National Exhibition Center, and will gather together global investors, decision makers, senior corporate leaders, government officials, and top executives of multilateral institutions and civil society to ultimately identify untapped business opportunities and lay the foundation for new cooperation on a mutually beneficial basis. Some of the most successful unicorns attending the Arab-China Unicorn Investment Conclave at AIM Global 2023 include ToJoY Holding Group, whose company valuation is now at USD 4.35 billion; Breton Technology Co., Ltd., USD 1.8 billion; Shenzhen Lisecond Sensing Technology Co., Ltd., USD 500 million; Xiaoyu Dida Interconnect International Ltd., USD 500 million; and armClouding Technology Ltd., USD 100 million. China’s strong presence in the Annual Investment Meeting this year follows close on the heels of the bilateral meeting between the UAE and the People’s Republic of China held in March. Over the previous years, China has emerged as one of the UAE’s key commercial partners, with significant growth in bilateral investments and trade. The UAE is also China’s number one Arab and GCC trade partner as of 2021. In 2022, the value of non-oil trade between the UAE and China surpassed AED 264.2 billion (USD 72 billion), which was up by 18% from the previous year’s figure of AED 223.8 billion (USD 61 billion), making China the UAE’s primary global trade partner. The investment exchanges between the two countries are also witnessing continued growth in various economic and trade sectors, most notably real estate, logistics, storage, financial services, insurance activities, manufacturing and information technology. It amounted to nearly AED 44 billion (USD 12 billion) in early 2021. China is also the third-largest foreign investor in the UAE today, with investments worth USD 9.3 billion as of the beginning of 2021, up 514.5% compared to the same period in 2013. Dawood Al Shezawi, Chairman of the Annual Investment Meeting, said: “While the foundation of the relationship between the UAE and China was primarily centered around oil in the past, it has currently expanded to encompass a wide range of sectors including infrastructure, sustainable energy, finance, and fintech, which continue to thrive. Joint investment opportunities in new economic areas such as logistical transportation, real estate, and insurance are also now being explored. We are confident that the Annual Investment Meeting will be an invaluable venue to deepen this economic collaboration between the two nations.” AIM Global 2023 has engaged in several technologically driven initiatives as part of its commitment to build the global economy roadmap and bolster the five key pillars Startups, Foreign Direct Investment, Small and Medium Enterprises, Future Cities, and Foreign Portfolio Investments.

Source: Emirates News Agency (WAM)

UAE and Japan discuss strengthening comprehensive strategic partnership

ABU DHABI, 4th May, 2023 (WAM) Senior officials from the United Arab Emirates and Japan met in Abu Dhabi on Wednesday, 3rd May 2023, for the first session of the Political, Diplomatic, and International Cooperation Subcommittee between the UAE’s Ministry of Foreign Affairs and International Cooperation (MoFAIC) and the Ministry of Foreign Affairs of Japan. The meeting took place as part of the Comprehensive Strategic Partnership Initiative (CSPI) launched last year. The session was chaired by Ambassador Lana Zaki Nusseibeh, Assistant Minister of Foreign Affairs and International Cooperation for Political Affairs, and Permanent Representative of the UAE to the United Nations, and Nagaoka Kansuke, Assistant Foreign Minister and Director General of the Middle Eastern and African Affairs Bureau of Japan. “The relationship between the UAE and Japan is a historic and strategic one,” said Her Excellency Ambassador Lana Zaki Nusseibeh. “Today’s meeting provided an excellent opportunity to take stock of our strong bilateral ties and discuss ways to realize the shared ambitions of our two countries’ leaders to substantively elevate this strategic partnership in the context of the CSPI.” Officials from both sides used the inaugural subcommittee meeting to explore opportunities for strengthening ties, through collaboration in areas such as trade and investment, energy technology, food security, and enhanced cooperation in RandD. “The alignment of interests and the mutual desire to seize opportunities in various fields continues to be a driver of growth for our ambitious partnership that has transcended the traditional energy and trade domains,” added Shihab Al Faheem, UAE Ambassador to Japan. Participants in the consultations discussed regional developments and the UAE’s upcoming Presidency of the United Nations Security Council. They also discussed a number of key issues, including Sudan, Syria, Afghanistan, combating extremism, and both sides’ shared commitment to non-proliferation. The UAE and Japan also reaffirmed their shared commitment to addressing climate-related challenges in the lead-up to the Conference of the Parties of the United Nations Framework Convention on Climate Change (COP28), which will take place in the UAE this November, as well as the G7 summit in Japan.

Source: Emirates News Agency (WAM)