Coretec Group (OTCMKTS:CRTG) Stock In Focus After Latest Update
The Coretec Group (OTCMKTS:CRTG) is involved in the development of silicone anode active materials meant for lithium ion batteries and cyclohexasilane (CHS), both of which are meant for electric vehicles, emerging tech applications and clean technology. Yesterday the company announced that it had filed a provisional patent for developing proprietary artificial solid electrolyte interfaces (SEIs) which are capable of extending life and also boosting the capabilities of silicone based anodes for lithium ion batteries.
Trading Data
On Thursday, CRTG stock lost 2.33% to $0.0210 with more than 301.13K shares, compared to its average volume of 265.54K shares. The stock moved within a range of $0.0201 – 0.0230 after opening trade at $0.0220.
The Coretec Group Files a Provisional Patent for Improved Silicon-Based Battery Anode Development
The company had completed the filing for the provisional patent application back on May 1 and it had been part of Coretec Group’s Endurion battery program, which is involved in developing electric vehicle batteries which charge quicker and also last longer than the standard ones.
The team of scientists at the company had come up with three unique methodologies for reducing pulverization as much as possible and boosting the rate capability through the creation of an SEI layer around the silicon nanoparticle.
The Chief Executive Officer of the company Matthew Kappers spoke about the patent application as well. He noted that the patent had been filed since the company believes that it had come up with a process that was unique and could have considerable impact.
