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Posted On: 12/06/2024 9:20:25 AM
Post# of 18282
CRTG building Battery Giga scale plant Giga-Scale U.S. Battery Manufacturing Initiative also are acquiring position as largestshareholder of KIB Plug Energy in Korea . Stock only trading at 0.016 cents as the news just came out 2 days ago .
In response to the surging global demand for advanced energy storage, Coretec intends to launch a giga-scale battery manufacturing facility in the United States, supported by planned federal and state partnerships. This initiative underscores Coretec’s commitment to clean energy innovation and positions the Company as a key driver in the energy transition. Projected revenues to surpass 100 million dollars
"Consolidated annual revenues are projected to surpass US$100 million, driving significant profitability to fuel the next wave of expansion."
Leadership Transformation: Pioneering the Future
Dec 4th news https://www.globenewswire.com/news-release/20...Plans.html
Coretec’s influence at KIB Plug Energy will deepen on Dec. 13, 2024, with the appointment of four new board members at KIB Plug Energy’s shareholders’ meeting. The new leadership team includes:
Michael Ussery, CEO of Coretec ; ( In the 1990s he was a political-business adviser to the Trump Company. )(He just became CEO about 2 weeks ago )
https://www.corpsafrica.org/people/ussery-amb...r-michael/
Dr. Seonkee Kim, Co-Chairman of Coretec
Youngsun Yoo, Senior Vice President of Finance of Coretec
Jungmin Lee, COO of Coretec
Michael Ussery, CEO of Coretec
This enhanced leadership underscores Coretec’s commitment to innovation, operational excellence and global market expansion. Ambassador Michael Ussery brings extensive expertise to KIB Plug Energy as a former U.S. Ambassador to Morocco and a leader in international development. He has driven transformative initiatives across multiple regions, founded enterprises and non-profits, and advised seven countries, the U.S. State Department, and corporations. His board roles include Safi Apparel, Corium Distribution UK, and Healixa, and he previously served as a global advisor to General Dynamics and led revitalization efforts for distressed firms through the Romania Moldova Direct Fund.
Dr. Seonkee Kim is a visionary leader in energy and technology, with a distinguished career spanning finance, technology and academia. His pioneering work at FIST Global advanced risk management and derivatives modeling, while his groundbreaking contributions to battery technology have been instrumental in establishing a U.S.-based gigafactory for sustainable energy solutions. Dr. Kim holds a Ph.D. in Finance from NYU’s Stern School of Business and degrees from Seoul National University.
Mr. Youngsun Yoo brings over 30 years of expertise in global finance, corporate leadership and strategic management. As CFO and Vice President of Hapchun Food Co., Ltd., he has excelled in financial oversight and strategic planning. His career includes senior roles at Hana Bank, HSBC, and Royal Bank of Canada, leading initiatives in risk management and international finance. A graduate of NYU’s Stern School of Business with an MBA in Finance and International Business, Mr. Yoo also holds a degree in Economics from Sungkyunkwan University.
Giga-Scale U.S. Battery Manufacturing Initiative
In response to the surging global demand for advanced energy storage, Coretec intends to launch a giga-scale battery manufacturing facility in the United States, supported by planned federal and state partnerships. This initiative underscores Coretec’s commitment to clean energy innovation and positions the Company as a key driver in the energy transition.
Reshaping Core Optics for New Horizons
Coretec is restructuring its Core Optics subsidiary, known for its expertise in compact camera modules (CCMs), to maximize efficiency and unlock new revenue streams. By enhancing its capabilities in testing and calibration equipment, Core Optics will play a pivotal role in Coretec’s growth strategy and its expansion into advanced technology markets.
A Vision of Growth and Innovation
With its acquisition of KIB Plug Energy, the restructuring of Core Optics, and its ambitious plans for a GIGA-scale battery plant, Coretec is poised for unprecedented growth. Consolidated annual revenues are projected to surpass US$100 million, driving significant profitability to fuel the next wave of expansion.
“This acquisition marks a transformative moment in our journey,” said Dr. Kim, co-chairman of Coretec. “We are redefining the energy landscape through groundbreaking innovations and a relentless commitment to sustainable solutions.”
In response to the surging global demand for advanced energy storage, Coretec intends to launch a giga-scale battery manufacturing facility in the United States, supported by planned federal and state partnerships. This initiative underscores Coretec’s commitment to clean energy innovation and positions the Company as a key driver in the energy transition. Projected revenues to surpass 100 million dollars
"Consolidated annual revenues are projected to surpass US$100 million, driving significant profitability to fuel the next wave of expansion."
Leadership Transformation: Pioneering the Future
Dec 4th news https://www.globenewswire.com/news-release/20...Plans.html
Coretec’s influence at KIB Plug Energy will deepen on Dec. 13, 2024, with the appointment of four new board members at KIB Plug Energy’s shareholders’ meeting. The new leadership team includes:
Michael Ussery, CEO of Coretec ; ( In the 1990s he was a political-business adviser to the Trump Company. )(He just became CEO about 2 weeks ago )
https://www.corpsafrica.org/people/ussery-amb...r-michael/
Dr. Seonkee Kim, Co-Chairman of Coretec
Youngsun Yoo, Senior Vice President of Finance of Coretec
Jungmin Lee, COO of Coretec
Michael Ussery, CEO of Coretec
This enhanced leadership underscores Coretec’s commitment to innovation, operational excellence and global market expansion. Ambassador Michael Ussery brings extensive expertise to KIB Plug Energy as a former U.S. Ambassador to Morocco and a leader in international development. He has driven transformative initiatives across multiple regions, founded enterprises and non-profits, and advised seven countries, the U.S. State Department, and corporations. His board roles include Safi Apparel, Corium Distribution UK, and Healixa, and he previously served as a global advisor to General Dynamics and led revitalization efforts for distressed firms through the Romania Moldova Direct Fund.
Dr. Seonkee Kim is a visionary leader in energy and technology, with a distinguished career spanning finance, technology and academia. His pioneering work at FIST Global advanced risk management and derivatives modeling, while his groundbreaking contributions to battery technology have been instrumental in establishing a U.S.-based gigafactory for sustainable energy solutions. Dr. Kim holds a Ph.D. in Finance from NYU’s Stern School of Business and degrees from Seoul National University.
Mr. Youngsun Yoo brings over 30 years of expertise in global finance, corporate leadership and strategic management. As CFO and Vice President of Hapchun Food Co., Ltd., he has excelled in financial oversight and strategic planning. His career includes senior roles at Hana Bank, HSBC, and Royal Bank of Canada, leading initiatives in risk management and international finance. A graduate of NYU’s Stern School of Business with an MBA in Finance and International Business, Mr. Yoo also holds a degree in Economics from Sungkyunkwan University.
Giga-Scale U.S. Battery Manufacturing Initiative
In response to the surging global demand for advanced energy storage, Coretec intends to launch a giga-scale battery manufacturing facility in the United States, supported by planned federal and state partnerships. This initiative underscores Coretec’s commitment to clean energy innovation and positions the Company as a key driver in the energy transition.
Reshaping Core Optics for New Horizons
Coretec is restructuring its Core Optics subsidiary, known for its expertise in compact camera modules (CCMs), to maximize efficiency and unlock new revenue streams. By enhancing its capabilities in testing and calibration equipment, Core Optics will play a pivotal role in Coretec’s growth strategy and its expansion into advanced technology markets.
A Vision of Growth and Innovation
With its acquisition of KIB Plug Energy, the restructuring of Core Optics, and its ambitious plans for a GIGA-scale battery plant, Coretec is poised for unprecedented growth. Consolidated annual revenues are projected to surpass US$100 million, driving significant profitability to fuel the next wave of expansion.
“This acquisition marks a transformative moment in our journey,” said Dr. Kim, co-chairman of Coretec. “We are redefining the energy landscape through groundbreaking innovations and a relentless commitment to sustainable solutions.”
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