ANN ARBOR, Mich., Aug. 01, 2024 (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 announced that The Coretec Group and Core Optics, LLC have entered into an amendment to share exchange agreement which extends the closing date to no later than August 15, 2024. The delay is a result of continued efforts to meet final closing conditions, primarily the need for Core Optics' accounting which uses Korean International Financial Reporting Standards "K-IFRS," to be converted to US GAAP. Both The Coretec Group and Core Optics leadership remain confident that the deal will close as expected and look forward to the next phase of the Company's evolution with an emphasis on increasing revenue generation, ultimately building shareholder value. About The Coretec Group The Coretec Group, Inc. is an Ann Arbor, Michigan-based developer of engineered silicon and is using its expertise to develop silicon anodes for lithium-ion batteries that will charge faster and last longer. This program is called Endurion. Silicon has the theoretical ability to hold up to 10x the amount of lithium-ions ...