The Coretec Group Applauds Passage of U.S. Federal Spending Bill and Impact on Electric Vehicles

The Coretec Group, Inc., (OTCQB: CRTG), developers of engineered silicon, a lithium-ion battery with a silicon-anode, and 3D volumetric displays, applauds the passage of the U.S. 2022 federal spending bill.

The Coretec Group is pleased to see the inclusion of programs to expand on energy efficiency, improve transportation infrastructure, and advance the science necessary to achieve goals in the transition to clean energy and transportation. In particular, the bill provides funding for research and development to improve battery technology for electric vehicles.

In particular, The Coretec Group believes its progress in developing a lithium-ion battery with a unique silicon-based anode will improve battery cycling stability, extending battery lifespans and the capability to hold more energy. The 10x increase in charge capacity in silicon compared with the traditional graphite anode has been the main driver for silicon-anode development. The inherent greater energy density available in silicon and silicon-composite anodes will improve battery performance in applications such as electric vehicles, mobile devices and space exploration. The Coretec Group is using cyclohexasilane (CHS) and similar molecules to uniquely tailor the kinds of silicon materials in such an anode.

“This bill makes available funding for battery development,” said CEO Matthew Kappers. “We see opportunities for The Coretec Group to participate in several of the programs highlighted in the Department of Energy’s portion of the bill, including advancing the science necessary for advancements in electric vehicles as well as energy storage in general.”

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