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

The Company provided updates on its Endurion battery program, discussed the importance of its latest provisional patent, and outlined goals for the remainder of 2023

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.

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 8845674

New Access Accelerated Global Collective Report Charts Path Forward in Fight Against Noncommunicable Diseases

Access Accelerated and Partners Unveil Findings From Six-Year Report

GENEVA, SWITZERLAND / ACCESSWIRE / May 24, 2023 / Access Accelerated, a pioneering collective of leading biopharmaceutical and life science companies dedicated to confronting the growing global noncommunicable disease (NCD) crisis, announced the release of a six-year report: Key Lessons in Advancing Access to NCD Care: Collaboration, Connectivity, Community.

 

Access Accelerated
Access Accelerated logo

This milestone report highlights the initiative’s outcomes, impact, and collective learnings between 2017 and 2022 and serves as a retrospective, a showcase for the initiative’s success stories and challenges, and a much-needed vision for the future.

Michael Fredrich, Lead Access to Medicine Non-Communicable Diseases at Bayer Pharmaceuticals and Chair of the Access Accelerated Board, commented, “With the 2030 deadline for the UN Sustainable Development Goals approaching fast, which include Universal Health Coverage, it’s more important than ever that we make the most out of our resources and approach this fight strategically. This report gives us the opportunity to critically evaluate our past and use key learnings for the future. It is essential that we share insights and learn from our collective efforts. Much work lies ahead, but this report serves as a valuable foundation for effectively addressing NCDs.”

This initiative’s impact has already been felt widely. Access Accelerated and its strategic partners – the City Cancer Challenge Foundation, NCD Alliance, PATH, the World Bank and the World Heart Federation – have helped improve access to NCD screening, diagnosis, and treatment around the world, reaching over 700 million people through 54 partner projects in 37 countries and catalyzing $US1.6 billion in investment in 2022 alone. By the end of phase 2 (2020-2022), this number totalled $US3.7 billion. In the same period, Access Accelerated partner projects contributed to policy change in 35 countries and 13 projects were scaled to national level, moving away from pilot phase to locally embedded projects.

Six years since its founding, the initiative has accumulated a wealth of hard-won knowledge and experience. The report highlights those learnings, including the crucial role of open, transparent communication in measuring intangible impact of partnerships, the ways flexible long-term funding can open the way for locally embedded solutions, and why community- and patient-centric approaches are essential to sustainability. By capturing impacts beyond hard numbers, the report demonstrates the importance of local engagement, trust, and social capital in improving NCD outcomes over time.

According to Dr. Juan Pablo Uribe, World Bank’s Global Director for Health, Nutrition & Population and Director of the Global Financing Facility, the report demonstrates the importance of rigorous monitoring and reporting. “Learning from our successes and challenges is absolutely necessary if we are going to shape more efficient and effective initiatives that can respond to the growing NCD burden on countries around the world. That’s why we’re excited to have the insights offered by this report to inform future initiatives and are grateful to the partnership with Access Accelerated which has led to meaningful action in creating sustainable change.”

Visit www.accessaccelerated.org to download the report.

About Access Accelerated

Founded in 2017, Access Accelerated is an unprecedented industry-led collective of life science companies united by the belief that no person should die from a preventable and treatable disease. Through the power of collaboration and a proven framework for cooperation, Access Accelerated brings together stakeholders across the private, public and social sectors, including implementers, decision-makers and financiers, in a shared mission of advancing action against the escalating challenge of NCDs in low- and middle-income countries and underserved communities.

Contact Information

Thuy Khuc-Bilon
Communications Manager
info@accessaccelerated.org
+41 79 473 0341

SOURCE: Access Accelerated

Why I left Milan for my dream job in Mogadishu

It must have been a pretty difficult conversation for Mike Nithavrianakis to have.

The 56-year-old from Castle Douglas started work as the UK’s consul general in Milan in November.

However, he has now left behind that role to become the new ambassador to Somalia, based in Mogadishu.

The father-of-two said that while his family had been thrilled when he took up his post in Italy, there was more explaining to do this time around.

“For me it’s a dream job, but my daughter Lucy was not best pleased because it’s scuppered her big plans to visit Italy,” he admitted.

“The security situation in Somalia means that my family cannot accompany me and it’s only natural that they will worry about me being based in Mogadishu.

“I’ve had many postings which would not likely feature on anyone’s list of holiday destinations.”

However, he said that he had always found challenging environments to be “interesting, stimulating and rewarding” since joining the Foreign, Commonwealth and Development Office (FCDO) straight out of school as a teenager.

“In those days, young diplomats tended to be sent to cut their teeth in places like Paris, Brussels and Bonn,” he said.

“I remember pleading with HR: ‘Look, I didn’t join the Foreign Office to go to Germany, France or Belgium – send me somewhere off the beaten track, please’.

“So, they posted me to Malaysia, which was great, as at that time, I didn’t even know where Kuala Lumpur was.”

In his latest role he will lead more than 80 staff working in Somalia in testing circumstances.

“Last year’s al-Shabaab attacks mean I’m under no illusion about the dangers,” he said.

“I’ll have to get used to frequent road trips wearing body armour, which is cumbersome, but an important safety protocol.

“Despite the challenges, the job will be fascinating, as I focus on delivering UK counter-terrorism, stabilisation and humanitarian goals.”

The risks faced by diplomats have been underlined recently in nearby Sudan where the UK has completed the largest and longest emergency evacuation of any Western nation – pulling out more than 2,450 people.

Mike is no stranger to working in hazardous environments in an FCDO career that has spanned almost 40 years.

He previously served as deputy head of mission in Kabul and, as a counter-terrorism specialist, was deployed to major incidents including the Istanbul consulate bombing in 2003 and the kidnap and murder of Ken Bigley in Iraq.

“Luckily, there’s no-one directly shot at me,” he said.

“My closest shave was in Baghdad when I was the crisis manager deployed to lead on the Ken Bigley kidnapping case.

“I vividly remember being on a call during a mortar attack, which landed very near the embassy.

“I was crouched under the table with a computer, a telephone and the sound of explosions going off during a briefing to senior officials in London. They ordered me to get off to the safe room.”

Another deployment that will stay with him was being in Sri Lanka in the aftermath of the 2004 tsunami.

“I was on the ground in Colombo 36 hours after the disaster and it was dreadful,” he said.

“My kids were eight and four at the time, so it was heartbreaking to deal with families turning up who had lost their kids.”

He described it as “tough work” with the mortuaries “overflowing” but said that was where “professionalism and training kicks in”.

He credits the support of his wife Libby and his family – plus running – for helping him to cope with the stress of his job and recently completed the London Marathon for a second time.

“Fortunately I’ve never struggled with mental health thanks to the support from my family, a close network of friends, and the energy I get through running,” he said.

“I get frustrated if I have a niggling injury and haven’t run for a few days.”

He said he loved his job representing Scotland and the UK even if – on his appointment to Somalia – he was described by someone on social media as an “aged, mummified diplomat”.

“I thought that was hilarious, but the serious point behind it is that experience does count for a lot,” he said.

“The FCDO is often at the eye of the storm, but public service is at the heart of everything we do.

“Our diplomats are proud to fly the flag for the UK in every hazardous corner of the world.”

That is why Mike Nithavrianakis did not hesitate to leave behind Lombardy – even if he might have to make it up to his family at a later date.

Source: BBC

Youth and Sports Minister Mustapha Ussif praises Accra Lions

Mr. Mustapha Ussif, Minister for Youth and Sports (MOYS) has lavished praises on Ghana Premier League (GPL) side Accra Lions for their recent achievements and contribution towards the development of football in Ghana.

The sector minister is impressed with the performance of the newly promoted club and appealed to other clubs to emulate them.

Speaking at a press conference in Accra where the club unveiled their new partner, German Legend Lothar Matheus, he said, ‘congratulations to Accra Lions for achieving this big goal for yourselves, you started not long ago, but you have already made a mark in Ghana football’.

‘This achievement is a very big step that you have taken, and we are very grateful for it.

‘To our legendary Lothar Mattheus, we congratulate you for the investment that you are doing for Ghana football.

‘I want to appeal to others to emulate what you are doing by investing in sports to develop talents for mother Ghana and also for our clubs,’ he added.

Mr. Kurt Edwin Simeon-Okraku, President of the Ghana Football Association (GFA) expressed his profound gratitude to the leadership of the club for the initiative.

He said, ‘the good environment we have created as an association is encouraging, we would continue to encourage investors to come to Ghana and to put in their investment in the Ghanaian football industry’.

Mr. Anthony Baffoe, President of the Professional Footballers Association of Ghana (PFAG) commended the club for the initiative.

Source: Ghana News Agency

Ghana’s untapped cashew potential more than US$660 million

Ghana’s cashew export earnings in 2020 fetched the nation US$340.7 million, with an estimated untapped potential of more than US$660 million.

Mr Raphael Ahenu, the National Convener of Cashew Watch Ghana, said the cashew sector had huge potentials and prospects to transform the economy and called on the Government to prioritise the development of the industry.

He made the call at the launch of the ‘Amplifying the Voices of Cashew Farmers (AVFC)’ project at Sampa in the Jaman North District of the Bono Region.

The AVFC is a 15-month project being implemented by the Cashew Watch Ghana, with funding support from STAR Ghana Foundation.

It is to help empower cashew farmers to grow more by advocating better prices as well as removing bottlenecks in the growth and development of the sector.

There was the need for the Government to capitalise on the global prospects of the economic tree and put pragmatic measures in place to transform the cashew industry as a vehicle for socio-economic development, Mr Ahenu said.

‘Ghana’s estimated annual production of between 110,000 and 130,000 tons of raw cashew nuts is not encouraging,’ he said, and that more must be done for the industry to contribute significantly to economic growth, particularly in job creation and poverty reduction.

Mr Ahenu appealed to the Government to increase technical and financial support for the Tree Crop Development Authority to effectively implement the 10-year National Cashew Development Plan.

Mr Victor Yao-Dablu, the Jaman North District Director of Agriculture, said cashew production in the area was encouraging and urged the Government to supply farmers with processors to add value to the nuts.

He commended STAR Ghana Foundation for funding the project and expressed the hope that its implementation would help fetch the farmers good price for their labour.

Cashew Watch Ghana is a civil society platform comprising cashew farmers, non-governmental organisations, media and local processors.

The Global cashew market size is projected to hit a value of US$10.5 billion by 2031, the CWG said.

Currently, the global market size is hovering around US$7 billion.

Source: Ghana News Agency

Ghana, four others sign $8m MoU to increase domestic revenue

Ghana and four Governors of the Board of Directors of 15 Constituencies have signed a Memorandum of Understanding (MoU) to enhance domestic revenue mobilisation and spur economic growth in their respective countries.

The US$8 million MoU is to augment financing from development partners to expand domestic private sector-led economic growth and development of Small and Medium-sized Enterprises (SMEs).

It is to also enhance climate resilience and allow national budgets of the countries to contribute to the replenishment of the African Development Fund (ADF) – the soft loan arm of the African Development Bank (AfDB), starting from the 2024 financial year.

The mechanism would improve shareholdings of Ghana and its counterparts at AfDB, thereby, increasing the Bank’s financing support to their economic and development projects, including roads, agriculture, energy, and climate change.

Ghana’s signing of the MoU occurred at Sharm El Sheikh, Egypt with The Gambia, Liberia, Sierra Leone and Sudan on the margins of the ongoing annual meetings of AfDB.

The meetings, which is the 58th Annual Assembly of AfDB and the 49th meeting of ADF is on the theme: ‘Mobilising Private Sector Financing for Climate and Green Growth in Africa.’

In an interview with the Ghana News Agency after the signing of the agreement, Dr Mohammed Amin Adam, Minister of State at the Ministry of Finance, said the move would help to better position AfBD to support its member countries.

‘Africa cannot always be at the receiving end. This is why we must take domestic initiatives to shore up our revenue to support our development efforts, while leveraging on the [financial] resources that comes from outside,’ he said.

He indicated that the MoU was an important development among the Constituency countries and AfDB because it had been initiated among themselves to increase domestic efforts at developing their respective countries.

The Minister said Ghana had already committed to increasing its revenue as a share of Gross Domestic Product (GDP) from the current 15 per cent to 18 per cent by 2026 through digital revenue collection systems and other measures.

‘We’ve passed a number of revenue legislation, while introducing innovative means of collecting revenue through digital platforms – the E-VAT system is being pursued, the E-levy is also being reformed, we’ve also introduced the property rates system, and all these efforts are being made to increase our domestic revenue mobilisation so that we can finance our budget,’ he said.

Mr Mohamed Bashir Mohamed Adam, Vice Secretary, Economic Planning, Sudan also said: ‘This is the way we can help ourselves to develop our countries through private sector participation, and our Government is committed to it despite our current challenges.’

Africa faces enormous resource constraints to bridge the funding gaps for projects and activities including roads, agriculture, energy, tourism, climate change, revenue generation, debt and fiscal challenges.

The resource constraints are profound among CMCs, including Ghana, The Gambia, Liberia, Sierra Leone and Sudan where the fiscal space is getting tighter, with debt distress and other macroeconomic challenges, AfDB had observed.

Mr Rufus Darkortey, Executive Director, BDIR 15, AfDB, said the initiative by the five countries would help them ‘spur economic growth and development in your country, while supporting a stronger African Development Bank.’

‘The goal of AfDB is to see countries grow economically to reduce poverty and create wealth. By signing this MoU, you’ve committed and expressed that in addition to what the Bank is doing in your countries, you can also do more of that,’ he said.

He expressed the Bank’s appreciation to Ghana and the four other countries for accepting to contribute to the ADF replenishment – the first-time low-income countries are doing so, and pledged AfDB’s continued support to them.

Proposed actions under the MoU include dedicating $3m to enhance domestic resource mobilisation, and $2m to expand domestic private sector-led economic growth and development (SMEs).

Also, there would be a $1m financial contribution to the African Development Fund replenishment efforts, improve shareholdings within the AfDB – $1m, and enhancing climate resilience – $1m.

Source: Ghana News Agency

Registration code for Accra Inter-City Marathon launched.

Medivents Consult, organisers of the annual Accra Inter-City Homowo Marathon (AICHM) in partnership with TXT Ghana Limited has on Tuesday launched a special registration code ahead of its second edition scheduled for Saturday, July 29, 2023.

The code would help register athletes who would compete in the various categories of the competition.

The code for registration is *380*21# which is expected to take effect on June 1, 2023.

Speaking at the launch Mr. Kwadwo Baah-Agyemang, Chief Executive Officer of Accra Digital Centres Limited, expressed his excitement with the level of of improvement in the organization of AICM, since its inception last year.

‘Medivents consult is gradually becoming a household name in the organisation of marathons in Ghana, after successfully organising the Kwahu Easter Marathon, the Sekondi-Takoradi Marathon, the first edition of the AICHM last year and the recent five-kilometre May Day Corporate Walk’.

He added that the marathon would go a long way to unearth athletes and develop sports in the country.

According to him, the special code aside serving its purpose would also help track runners and provide them with updates ahead and during the race.

Mr. Baah-Agyermang urged participants to make good use of the platform as the world is trapped in an era of digitization and technology.

Mr. Henri Senyo Penni, General Manager of Medivents Consult speaking at the event, noted that the second edition of the Accra Inter-City Homowo Marathon would be one of the best seen in many years.

‘The marathon, which started last year is gradually gaining ground and this year, we are lucky to have partners and sponsors onboard to make the event continue to be one of the best,’ he said.

Mr. William Dodzi Ezarh, Race Director of AICHM said rationale behind the introduction the special code, was due to some challenges faced during the last edition.

‘We are looking forward to not less than 1000 people taking part in the race this year. Last year we had between 600 to 700 so we want to hit the 1000 mark this year so we are preparing very well,’ he said.

He said there had been new introductions in the distances to be covered this year, as participants would compete in the 21-Kilometres, 10-Kilometres and 5Kilometres.

AICHM was initiated last year by Medivents consult, in partnership with the Ga Traditional Council as part of activities marking the annual Homowo festival.

It had seen massive growth in its second year, securing sponsorship from Serene Insurance, G4S, HD+, mybet.africa.com, Aqua Blue Mineral Water, and many others.

Source: Ghana News Agency

MDA officials undergo financial management training in Bolgatanga

Officials from Municipal and District Assemblies (MDAs) in the Upper East and North-East Regions are undergoing a three-day financial management training workshop in Bolgatanga for the implementation of the Gulf of Guinea Northern Regions Social Cohesion (SOCO) project.

The officials include Municipal and District Chief Executives, Coordinating Directors, Planning, Finance and Budget Officers from the 15 MDAs in the Upper East Region and the six MDAs in the North-East Region.

The ongoing workshop is on the theme; ‘Financial management of donor funded projects within the context of current financial arrangements, the case of the SOCO project.’

The project, launched by Vice President, Alhaji Dr Mahamudu Bawumia in Bolgatanga in November 2022, is a multi-country US$450 million credit facility from the World Bank to be implemented in Ghana, Cote d’ Ivoire, Togo and Benin.

It is aimed to provide support to the Northern parts of the Gulf of Guinea countries which suffer instabilities owing to food insecurity, climate change, conflict and violence

The project would be implemented in 48 Districts in the Upper East Region, Northern, Upper West, North-East, Savannah and Oti Regions by the Ministry of Local Government, Decentralization and Rural Development in collaboration with relevant stakeholders.

Mr George Aidoo, the National Project Coordinator, told journalists on the first day of the workshop, that ‘We have gotten to a stage where sub-projects are going to be implemented by the MMDAs.

‘Because the funding is from the World Bank, we have brought all the stakeholders together to take them through a training programme to equip them adequately to be able to deliver based on the Bank’s guidelines,’ he said.

Mr Aidoo said there was the need for the Assemblies to ensure that they stay within the guidelines, noting that ‘Anything that we do outside the guidelines would be termed an illegality and that can affect the whole credit.’

The Project Coordinator emphasized that there was the need for them to focus attention on what was required of them, so that they do not stray from the guidelines.

He said the project was community-driven, and mentioned schools, health facilities, boreholes among other infrastructure to be constructed under the project to help improve the living conditions of community members and create employment opportunities for the youth.

He said after the training, monies would be transferred to all the beneficiary MMDAs who already had a budget, so that they would be able to pay for contracts awarded under strict monitoring by the Regional Coordinating Councils (RCCs).

Mr Stephen Yakubu, the Upper East Regional Minister, said the project was timely, and apart from the construction of infrastructure to ease pressure on existing social amenities, it would provide employable skills for the youth and fully engage them.

He said many projects had suffered major setbacks as a result of misapplication and misappropriation of project funds and stressed that the RCC would ensure that funds meant for the implementation of the SOCO project were not misused or misapplied.

‘Let me sound a word of caution to our staff that this time around, officers will not just be transferred, but will face disciplinary committee, which would lead to their outright dismissal,’ Mr Yakubu said.

According to him, the project would be a ‘game changer’ which would bring relief to the people of the Region, ‘I, therefore, call on all officers who will be working for the project to do so with all the urgency it deserves.’

Source: Ghana News Agency