The Coretec Group Secures Manufacturing Partnership with Evonik Industries

The Coretec Group, Inc., (OTC PINK:CRTG) (the "Company"), a company developing a portfolio of silicon-based materials utilizing Cyclohexasilane ("CHS") to pursue commercial development of products in energy-focused verticals, announced that it has entered into a supply partnership with Evonik Industries, a world leader in specialty chemicals.

A German company, Evonik employs over 32,000 individuals in more than 100 countries around the world, and generated sales of €13.1 billion in 2019. Through the partnership, Coretec will work with Evonik to produce batches of CHS by the end of Q4 2020 to be available for customer application use.

"We are excited to work with such a renowned and established world leader in the specialty chemical space to create the first quantities of our CHS liquid silicon technology," said Michael Kraft, Chief Executive Officer of The Coretec Group. "This partnership represents a key milestone in our continued push for commercialization, and is an important step in transitioning CHS from the lab into next generation technologies. We look forward to working with Evonik and continuing to progress our discussions surrounding next steps for CHS manufacturing, its in-country distribution requirements, and the customer service needed to grow sales and revenue."

The Coretec Group | www.thecoretecgroup.com

Evonik Industries | https://corporate.evonik.com/en