Day: May 5, 2023

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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.”

To learn more about The Coretec Group, please visit www.thecoretecgroup.com.

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.

For more information, please visit thecoretecgroup.com.

Follow The Coretec Group on:

Twitter – @CoretecGroupInc
LinkedIn – www.linkedin.com/company/24789881
YouTube – www.youtube.com/channel/UC1IA9C6PoPd1G4M7B9QiZPQ/featured

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
info@thecoretecgroup.com
+1 (866) 916-0833

Media Contact:

Spencer Herrmann
FischTank PR
coretec@fischtankpr.com
+1 (518) 669-6818

GlobeNewswire Distribution ID 8832451

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6.3 Magnitude Earthquake Hits Western Japan

An earthquake with a magnitude of 6.3 struck off Japan’s western prefecture Ishikawa on Friday.

Japan Broadcasting Corporation (NHK) reported that the quake hit at a depth of 10 kilometers (six miles), while the Japanese authorities didn’t issue tsunami warning after the quake. No abnormalities were reported at the Shika nuclear power plant located in Ishikawa prefecture, as well as at the Kashiwazaki-Kariwa plant in neighboring prefecture of Niigata.

Japan is located at the meeting point of four tectonic plates, making it particularly vulnerable to seismic activity. It is also home to 100 active volcanoes.

In 2011, an earthquake with a magnitude of 9.0 on the Richter scale along with a tsunami, killed more than 15,000 people and caused a disaster at the Japanese Fukushima nuclear plant.

Source: Qatar News Agency

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Oil Prices On Course For Third Consecutive Weekly Loss..Despite High Prices

Oil prices rose in Asian trade on Friday, but were poised for a third straight week of losses after markets witnessed dramatic drops on fears of a weakening U.S. economy and slowing Chinese demand.

Brent crude rose 60 cents, or 0.8%, to $73.10 a barrel at 0545 GMT, while US West Texas Intermediate was up 52 cents, or 0.8%, at $69.08 a barrel after four straight days of losses.

For the week, Brent was set to close down 8.1%, while WTI was set to close 10.0% lower.

Worries of a U.S. regional banking crisis persisted after PacWest Bancorp (PACW.O) said it planned to explore strategic options.

In China, a surprise contraction in manufacturing activities last April pushed back against reopening optimism on oil demand outlook.

Source: Qatar News Agency

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Al-Dabaiba reviews with Bin Qadara the development plan of the Oil Corporation.

The head of the government of national unity, “Abdul Hamid al-Dabaiba,” reviewed with the Chairman of the Board of Directors of the National Oil Corporation, “Farhat bin Qadara,” the corporation’s development plan for the year 2023.

Bin Qadara stressed during a meeting held today that the plan to stabilize oil and gas production and increase it to 2 million barrels requires the solidarity of all state institutions, praising the Cabinet’s decision to approve an exceptional budget for the sector in the year 2022, which contributed to addressing the bottlenecks that the corporation suffers from, whether in the conditions of workers or previous commitments in favor of international companies, and the implementation of a number of developmental maintenance projects to stabilize production.

For his part, Al-Dabaiba praised the efforts of the Central Bank of Libya, the Audit Bureau, the High Council of Energy, the Extraordinary Budget Follow-up Committee, the Board of Directors of the Corporation and all workers in the sector, for their continuous efforts to support the sector and maintain its stability, stressing the need to reach production to the target rate in the Corporation’s plan approved by the High Council of energy.

Source: Libyan News Agency

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Chief of Staff of the Ground Forces, discusses with an American military delegation relations between the Libyan army and the American army, and the possibility of developing them.

The Chief of Staff of the Land Forces, Major General “Al-Fitouri Grebeel”, discussed with a delegation from the US Department of Defense, represented by the US Defense Attaché to Libya, Colonel Seaman “Mark Emblum”, the relations between the Libyan army and the US army and the possibility of developing them.

The media office of the Chief of Staff of the Ground Forces stated that the meeting was held on Wednesday at the headquarters of the Chief of Staff of the Ground Forces, and included the commander of the 51st Infantry Brigade, the commander of the 444th Combat Brigade, a representative of the Ministry of Defense and a representative of the Operations Authority.

The media office added that “Grebeel” stressed during the meeting the depth of relations between the two countries and praised the role played by the US military command in Africa “AFRICOM”.

For its part, the American delegation praised the exact military linkage and determination of the officers and personnel of the Libyan military establishment, and the developments of the Chief of Staff of the Ground Forces in a short period of time, according to the media office.

After the meeting, the Chief of Staff of the Ground Forces invited the American delegation to visit the School of Armored Vehicles and Infantry, the School of Artillery and Missiles, the headquarters of the 1st Infantry Brigade, and the headquarters of the 2nd Infantry Brigade in the Presidency, to see the progress of work to rebuild and develop the military institution.

Source: Libyan News Agency

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The Algerian President renews his country’s support for the stability of Libya

Algerian President Abdelmadjid Tebboune received, today, Thursday, at El Mouradia Palace, Minister of Foreign Affairs Naglaa Al-Mangoush, and Minister of Communications in the Government of National Unity, Mohamed Chahoubi.

During the meeting, the Algerian president affirmed his country’s support for the stability of Libya, pledging to continue supporting and developing cooperation relations between the two countries.

A Libyan delegation headed by Minister of Foreign Affairs and International Cooperation Naglaa Al-Mangoush and Minister of Communications Mohamed Chahoubi held talks Thursday with Algerian officials on bilateral cooperation files between the two countries, and coordination of positions on Arab and regional issues of common concern, particularly the situation in Sudan.

Source: Libyan News Agency