The Coretec Group announced that Matthew Hoffman, the Company's current Chief Financial Officer (CFO), will be taking on the additional role of Chief Operating Officer (COO), as the Company's operational activities increase and become more complex. As The Coretec Group's operations are increasing, a COO-level leadership is needed, and Mr. Hoffman was the logical choice. Hoffman's background includes leadership roles of multiple early-stage high growth companies, covering the industries of energy, manufacturing, defense contracting and bio-technologies.

Hoffman brings a valuable knowledge base to The Coretec Group operations from his past experiences with M&A, strategic and operational planning, business system architecture, ISO 9000, and a LEAN focus on business process improvement. His previous experience with government funding will also prove advantageous as he spearheads the Company's efforts into receiving funding through several possible financing avenues including the CHIPS Act, the Infrastructure Bill, and state funding, among others. Hoffman joined The Coretec Group in May 2020, as its CFO, and will retain his duties within that role as he takes on the additional responsibilities of the COO.

He is a graduate of Western Michigan University's Haworth College of Business and is a certified public accountant in the State of Michigan.