ANN ARBOR, Mich. — The Coretec Group (OTCQB: CRTG), developers of silicon anode active materials for lithium-ion batteries and cyclohexasilane (CHS) for EV, cleantech, and emerging tech applications, today announced that Matthew Hoffman, the Company’s current Chief Financial Officer (CFO), will be taking on the additional role of Chief Operating Officer (COO), as the Company’s operational activities increase and become more complex.
As The Coretec Group’s operations are increasing, a COO-level leadership is needed, and Mr. Hoffman was the logical choice.
Hoffman’s background includes leadership roles of multiple early-stage high growth companies, covering the industries of energy, manufacturing, defense contracting and bio-technologies. Hoffman brings a valuable knowledge base to The Coretec Group operations from his past experiences with M&A, strategic and operational planning, business system architecture, ISO 9000, and a LEAN focus on business process improvement.
His previous experience with government funding will also prove advantageous as he spearheads the Company’s efforts into receiving funding through several possible financing avenues including the CHIPS Act, the Infrastructure Bill, and state funding, among others.
“As The Coretec Group grows, we require an experienced team, capable of enabling us to scale and conduct broader commercial activity,” said Matthew Kappers, Chief Executive Officer of The Coretec Group. “We are becoming far more operational than in years past and need a strong executive who can oversee that change. Hoffman is absolutely the person for the job. He has the strong analytical and communication skills needed for the role, as well as the managerial and leadership prowess to help guide this transition successfully.”
Hoffman joined The Coretec Group in May 2020, as its CFO, and will retain his duties within that role as he takes on the additional responsibilities of the COO. He is a graduate of Western Michigan University’s Haworth College of Business and is a certified public accountant in the State of Michigan.
“Working at The Coretec Group, on the forefront of technological innovation in transportation and energy, is rewarding and exciting, and this is still only the beginning,” said Hoffman. “In addition to our operations, we anticipate expansion of our team itself, making it critical to maintain a high level of management and execution. I look forward to working with our leadership team to make the most of this high growth opportunity.”