The Coretec Group Releases May 2023 Shareholder Call Transcript and Webcast Recording

ANN ARBOR, Mich., May 24, 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 released the transcript and webcast recording from its May 18, 2023 shareholder update on the Company's Investor Relations Website.

During the call, The Coretec Group's Chief Executive Officer, Matt Kappers, Chief Technology Officer, Ramez Elgammal, Ph.D., and VP of Partnerships and Innovation, Michelle Tokarz, Ph.D., shared its strong results from cycling tests on its modified silicon battery material. These tests proved three important factors:

  • Coretec's team successfully bonded a polymer to the silicon nanoparticles.
  • The Endurion engineered solid electrolyte interface layer improves rate capability.
  • The cycling stability of Endurion's silicon material outperformed unmodified materials.

The Company also discussed the importance of its latest provisional patent. The patent identifies three distinct, novel methodologies for minimizing pulverization and increasing the rate capability by creating an artificial solid electrolyte interface. This innovation is capable of extending the life and increasing the capabilities of silicon–based anodes for lithium–ion batteries, with an emphasis on scalability. The development marks a major breakthrough for the Company's Endurion battery program focused on EV batteries that charge faster and last longer than the current industry standard.

The Company also provided a roadmap for the rest of the year, and an update on its current and prospective partnerships. It is developing relationships with potential Endurion end–users such as automakers and battery companies as well as key suppliers and testing companies.

The call concluded with Company leadership answering questions from the investor community. Kappers urged all who are interested in receiving the latest Company updates to sign up for notifications on its Investor Relations Website, follow the Company's social media channels on Twitter and LinkedIn, and watch its recent informational video that breaks down the Endurion battery program.

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. The company's current battery program is 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
+1 (866) 916–0833

Media Contact:

Spencer Herrmann
FischTank PR
+1 (518) 669–6818

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How Wagner Group, Mercenaries With a Wider Agenda, Impact Civil Society

Founder of Wagner private mercenary group, Yevgeny Prigozhin (here pictured with fighters), claims that Bakhmut is now in Moscow’s control. However his claims are disputed by Ukraine.

Founder of Wagner private mercenary group, Yevgeny Prigozhin (here pictured with fighters), claims that Bakhmut is now in Moscow’s control. However his claims are disputed by Ukraine.

By Fawzia Moodley
JOHANNESBURG, May 24 2023 – The Wagner Group, a shadowy mercenary group that has been operating for many years in African countries such as Sudan, Mali, the Central African Republic, and other mainly Francophone countries, has again been thrust into the limelight due to its involvement in the Ukraine war on behalf of Russia.

Wagner is believed to have a presence in 18 countries in Africa – and its influence goes far beyond security matters.

Julian Rademeyer of the Global Initiative Against Transnational Organised Crime told, “Wagner itself has developed over time as an organization that’s gone from being a purely private military contracting entity into a multiplicity of business alliances and relations and a network of companies. Some of them are front companies across the countries in which they operate on the African continent.”

He sees the Wagner Group as primarily a Kremlin military tool to boost Russia’s economic and military influence in Africa.

Rademeyer’s colleague and lead author of a study titled Russia’s military, mercenary and criminal engagement in Africa, Julia Stanyard, told IPS, “The Wagner Group is unique as an organization in the breadth, scale, and boldness of its activities. However, our study also shows that Wagner did not emerge in a vacuum: The group’s activities and characteristics reflect broader trends in the evolution of Russia’s oligarchs and organized crime groups, their respective relationships with the Russian state, and their activities in Africa.”

“The group comprises a network of political influence operations and economic entities such as mining companies.

“It appears to target unstable governments embroiled in civil wars and forms alliances with the ruling elite and offers them military support and weapons.”

This is exactly what happened in the CAR, where the government has been fighting multiple rebel forces since December 2020. A beleaguered President Faustin-Archange Touadéra reached out to Russia shortly after taking power in 2016.

“He received Russian military instructors and weapons, and Wagner mercenaries soon followed,” says CIVICUS, a global alliance promoting civic action.

In return, Wagner receives economic and mining concessions. According to the New York Times, the group has been involved in mining operations in the CAR, where it has secured contracts to mine gold and diamonds.

Stanyard says: “The group comprises a network of political influence operations and economic entities such as mining companies.”

While the governments and sections of their population have welcomed the group, Wagner’s been accused of gross human rights abuses, with local communities reporting forced labour and sexual violence.

Human Rights Watch says it has collected compelling evidence that Russian fighters have committed grave abuses against civilians in the CAR with complete impunity since 2019. The HRW interviewed 40 people between February 2019 and November 2021 about abuses by men speaking Russian.

Stanyard’s research substantiates the allegations of abuse: “Wagner Group has been accused of using whatever means necessary to achieve its aims, including criminal activity.”

Russia officially does not recognize mercenaries, but Wagner boss Yevgeny Prigozhin, a Russian oligarch, has close ties to Russian President Vladimir Putin. Significantly, on Sunday, May 21, Putin reportedly congratulated the Wagner mercenary force for helping in what he called the “liberation” of the eastern Ukrainian city of Bakhmut. Reuters quoted Putin from a statement on the Kremlin’s website, saying: “The Head of State congratulated Wagner’s assault groups, as well as all members of the units of the Russian Armed Forces who provided them with the necessary support and cover on their flanks, on the completion of the operation to liberate Artyomovsk (Bakhmut).”

Ukrainian President Volodymyr Zelensky, however, said Bakhmut had not been occupied by Moscow.

Wagner’s activities go beyond promoting the military and economic interests of the Kremlin.

Stanyard says the group is also involved in promoting Russian propaganda and interests by “targeting the social media profiles of Kremlin critics — spamming them with pro-Putin and pro-war comments.”

Britain, in particular, has expressed concern that among the targets are “senior UK ministers’ social media accounts, alongside other world leaders.”

“The operation has suspected links to Prigozhin,” she says, quoting a UK report exposing the misinformation campaign by Russia.

The Wagner Group’s involvement in Africa has raised concerns about the role of private military contractors in the continent’s conflicts. While some African governments have welcomed its presence, others are concerned about the lack of oversight and accountability.

In 2019, the African Union adopted the African Standby Force Concept of Operations, which seeks to strengthen the capacity of African states to respond to crises and reduce their reliance on external actors. However, the implementation has been slow, and there are concerns that the Wagner Group and other mercenary groups will continue to operate with impunity.

CIVICUS warns that Wagner’s involvement is “contributing to the closing of civic space. In the CAR, with his position bolstered, Touadéra has further repressed dissenting voices. Humanitarian workers and independent journalists are among those subjected to violence and intimidation by Wagner forces.”

Likewise, in Mali, French media outlets have been banned and “the junta banned the activities of civil society organizations that receive French support, at a stroke hindering civil society’s ability to help people in humanitarian need due to the conflict and monitor human rights abuses.”

The issue of private military contractors in Africa is not limited to the Wagner Group. Other companies, such as Academi (formerly known as Blackwater), a private firm hired by the U.S. that became synonymous with civilian killings in the Iraq war, have been involved in conflicts in the continent, often with little oversight or accountability.

Dyck Advisory Group (DAG) was also involved in Mozambique in areas where the country is trying to deal with the Islamist insurgency. DAG claimed to have worked closely with the government to keep the insurgency at bay before the Southern African Development Community (SADC) sent deployments to Cabo Delgado province. Wagner was reportedly also involved in the conflict but left after experiencing a number of losses.

The use of private military contractors has raised questions about the role of states and the responsibility of corporations in conflicts, as well as the need for greater transparency and accountability.

IPS UN Bureau Report


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