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Natcore-Eurotron JDA Featured in Prominent Electrical Engineering Journals

Red Bank, NJ — (June 11, 2015) — The joint development agreement between Natcore Technology Inc. (TSX-V: NXT; NTCXF.PK; DAX: 8NT) and Eurotron B.V., a Dutch company that manufactures automated equipment for the production of photovoltaic modules, has attracted interest from the Web site EEWeb and its Power Developer Magazine, two influential digital media that reach the electrical engineering community.

An article headlined “The Leading Edge of Solar: Revolutionary Solar Cell Technology Delivers High Efficiency at a Low Cost,” appeared in the May 2015 edition of Power Developer Magazine and was subsequently published on EEWeb.com. Since its publication, the article has been exposed to over 55,000 readers and engineers worldwide.

The article focused on the marriage between Natcore’s laser-processed back-contact heterojunction solar cells, which Natcore scientists believe is the fastest and most economical way to reach 25% efficiency, and Eurotron’s solar modules, which increase power output because they are made with a technique that sharply lowers module resistance.

“This article is important to us because it reaches electrical engineers who will be able to specify our technology when they are designing power plants,” says Chuck Provini, Natcore President and CEO.

Power Developer Magazine is a digital publication that covers the latest developments in the power industry. It is a collection of articles for safe and efficient power usage in various industries as well as anything one might need to know about power. Power Developer also contains featured interviews with engineers who have made great contributions to the power industry.

EEWeb is an online electrical engineering community that reaches a broad range of electrical engineers including analog designers, digital designers, printed circuit board specialists, embedded developers, and more. EEWeb and its publications are distributed to members of the hardware design community via email, and are also showcased on the main EEWeb community Web site.

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Statements herein other than purely historical factual information, including statements relating to revenues or profits, or Natcore’s future plans and objectives, or expected sales, cash flows, and capital expenditures constitute forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in Natcore’s business, including risks inherent in the technology history. There can be no assurance that such forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on such statements. Except in accordance with applicable securities laws, Natcore expressly disclaims any obligation to update any forward-looking statements or forward-looking statements that are incorporated by reference herein.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Natcore Technology Retains TMX Equicom for IR Services

Red Bank, NJ — (June 3, 2015) —Natcore Technology Inc. (TSX-V: NXT; NTCXF.PK) has retained the services of TMX Equicom to provide strategic investor relations and communications services.

Under the terms of agreement with TMX Equicom, Natcore will pay an initial monthly fee of $4,500 for select strategic communication services, commencing immediately. Neither TMX Equicom nor any of its principals have an ownership interest, directly or indirectly, in Natcore or its securities, nor has Natcore granted TMX Equicom or its principals any rights to acquire such interests.

TMX Equicom is a wholly-owned subsidiary of TMX Group Limited, and provides strategic communications services to approximately 100 public companies across a diverse range of industries from its offices in Toronto, Calgary and San Diego.

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Statements in this press release other than purely historical factual information, including statements relating to revenues or profits, or Natcore’s future plans and objectives, or expected sales, cash flows, and capital expenditures constitute forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in Natcore’s business, including risks inherent in the technology history. There can be no assurance that such forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on such statements. Except in accordance with applicable securities laws, Natcore expressly disclaims any obligation to update any forward-looking statements or forward-looking statements that are incorporated by reference herein.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Natcore Technology Becomes Fully Reporting With SEC

Red Bank, NJ — (June 2, 2015) —Natcore Technology Inc. (TSX-V: NXT; NTCXF.PK; DAX: 8NT) has become a fully reporting company with the Securities and Exchange Commission (“SEC”) after filing an SEC Form F-1 Registration Statement, effective as of May 26, 2015.

“This has important implications for Natcore’s shareholders, particularly those residing in the U.S.,” says Tom Scarpa, Natcore’s Senior Vice President/Investor Relations. “Management believes that being a fully-reporting issuer in the United States significantly expands the company’s eligibility for both analyst coverage and investor interest. Many institutional investors are unable to acquire the securities of a company that is not fully reporting with the SEC. The effectiveness of Natcore’s F-1 creates new opportunities for acquisition of its securities by this new and important category of investor.”

As a fully reporting company, Natcore has additional benefits for shareholders. The company’s filings will now be accessible through the SEC’s main website (via the EDGAR system), allowing investors, the general public, and financial analysts to extensively review the company’s operations and financial performance. Natcore believes that the added transparency will act as a catalyst for more interest in the company by the investing public.

In addition, Natcore has undertaken steps to have its shares listed on the OTCQB. The OTCQB Marketplace helps investors easily identify OTC-traded companies that report to the Securities and Exchange Commission; an additional means of enhancing the company’s visibility as a fully reporting issuer.

Finally, Natcore’s status as a fully reporting issuer with the SEC will make it easier for US investors to sell shares they acquired in previous private placements conducted by the company (subject to Natcore maintaining its fully-reporting status for 12 months and the expiration of holding periods applicable to such shares).

Charles Provini, Natcore’s president and CEO, noted, “We are proud to announce the achievement of this important milestone in the life of the company. We believe that this is another indication of our recognition of our duties and obligations to the owners of Natcore – our loyal shareholders.”

Natcore was organized in August 2007. The company went public in May 2009 on the Toronto Venture Exchange (TSX-V). TSX-V is owned by the TMX Group, which also owns the Toronto Stock Exchange.

In the United States, Natcore shares are currently listed on the pink sheets (symbol NTCXF.PK). In June 2013, the company became listed on the Quotation Board of the Frankfurt Stock Exchange, where its symbol is 8NT.

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Statements herein other than purely historical factual information, including statements relating to revenues or profits, or Natcore’s future plans and objectives, or expected sales, cash flows, and capital expenditures constitute forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in Natcore’s business, including risks inherent in the technology history. There can be no assurance that such forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on such statements. Except in accordance with applicable securities laws, Natcore expressly disclaims any obligation to update any forward-looking statements or forward-looking statements that are incorporated by reference herein.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Natcore’s Provini: “Solar Cell Producers Must Switch to HIT-Structure If They Want to Survive.”

“All-Back-Contact HIT-Structure is Fastest Way To Reach 25% Efficiency.”

 Red Bank, NJ — (April 7, 2015) — Chuck Provini, President and CEO of Natcore Technology Inc. (TSX-V: NXT; NTCXF.PK) says it’s time for solar cell manufacturers to lift their sights if they are to survive in today’s marketplace. The challenge was made today in a presentation to a group of Palm Beach asset managers.

Commercial-grade cells typically have efficiencies in the mid-to-high teens. Provini claims that a low-cost solar cell with routine efficiency of 25% or more is within reach, and this will completely transform the world’s energy paradigm.

Efficiency is the ratio of the electrical output of a solar cell to the incident energy reaching it in the form of sunlight. So a higher efficiency means that a cell is producing more energy; consequently, solar cell manufacturers are waging a constant struggle to increase their efficiencies in their drive to make solar energy truly competitive with energy derived from fossil fuels.

One manufacturer – SunPower – produces commercial cells with efficiencies up to 24%. Another – Panasonic – has demonstrated a laboratory cell with an efficiency that exceeds 25%. But both have shortcomings in the highly competitive solar cell market.

Panasonic’s typically commercial solar cells are “HIT-structure” (heterojunction with intrinsic thin layer) solar cells. Their original HIT cell has contacts on the cell’s back and front, which lowers their efficiency because the front contacts occupy real estate that could be devoted to absorbing solar energy. That cell is still sold commercially and offers an efficiency ranging from 20% to 21%.

Panasonic also made an all-back contact HIT cell, which reached a record efficiency of 25.6%, but does not produce such cells commercially because the fabrication process is very complicated and costly.

The SunPower cells have all back contacts, but are not HIT-structured. They are made with super-high quality silicon, and they require a complex set of steps to mount the contacts to the silicon. Those two factors make the SunPower cells the most expensive silicon cells on the market. They are being widely manufactured and sold today, albeit at a cost that’s 50% higher than that of common commercial cells.

“We believe that Natcore, with its latest achievements in the lab, has overcome the deficiencies of existing HIT-structure cells,” says Provini. “By applying all of the contacts to the rear of the cell, we should increase efficiency. By using a laser in applying the contacts, we greatly simplify the process and lower its cost.

“We believe we can provide what’s needed to take HIT-structure cells to a 25% efficiency or greater. Furthermore, it’s actually easier for our process to make a silicon HIT-structure cell with back contacts. The Natcore cell would sharply lower both the cost/watt and the environmental damage that is associated with traditional solar cell manufacturing.”

Dr. Dennis Flood, who did pioneering work on advanced solar cells for space applications when he was Chief of the Photovoltaic and Space Environments Branch at NASA, says “Even though it’s not commercial, the Panasonic all-back-contact HIT cell, with an efficiency above 25%, heralds an impending paradigm shift in the photovoltaic solar industry that is unprecedented. This accomplishment raises the bar for all competing solar cell technologies, from the various thin film cells currently in production to laboratory cells made from all the new materials under investigation. The issues are always and fundamentally cell producibility and costHIT cells with laser processed back contacts, as are being developed by Natcore scientists, will excel at both.” Dr. Flood is a co-founder of Natcore, and is the company’s Chief Technology Officer.

About Natcore Technology

Natcore Technology is focused on using its proprietary nanotechnology discoveries to enable a variety of compelling applications in the solar industry. Specifically, the company is advancing applications in laser processing, black silicon and quantum-dot solar cells to significantly lower the costs and improve the power output of solar cells. With 64 patents (21 granted and 43 pending), Natcore is on the leading edge of solar research. www.natcoresolar.com

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Statements in this press release other than purely historical factual information, including statements relating to revenues or profits, or Natcore’s future plans and objectives, or expected sales, cash flows, and capital expenditures constitute forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in Natcore’s business, including risks inherent in the technology history. There can be no assurance that such forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on such statements. Except in accordance with applicable securities laws, Natcore expressly disclaims any obligation to update any forward-looking statements or forward-looking statements that are incorporated by reference herein.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

Natcore Technology, Eurotron Sign Joint Development Agreement

Alliance Designed to Hasten Commercial Integration of Natcore’s Technologies Into Solar Modules

 Red Bank, NJ — (March 23, 2015) —Natcore Technology Inc. (TSX-V: NXT; NTCXF.PK; DAX: 8NT) has signed a joint development agreement with Eurotron B.V., a Dutch company that manufactures automated equipment for the production of photovoltaic modules.

Located in Bleskensgraaf, the Netherlands, 
Eurotron has perfected a technology based upon a patterned conductive backsheet that provides excellent cell-to-module performance for back-contact solar cells. Because Natcore scientists have had great success producing back-contact cells with their proprietary laser technology – most recently a silicon “HIT-structure” (heterojunction with intrinsic thin layer) solar cell – a collaboration with Eurotron is a “perfect example of synergy,” according to Natcore President and CEO Chuck Provini.

The collaboration has three primary objectives:

  • To adapt Natcore’s laser process to a contact design that is compatible with Eurotron’s back contact technology;
  • To enable Natcore to incorporate six-inch cells into commercial-style modules, using both its own technology and Eurotron’s Backcontact Module technology;
  • To explore possibilities for further cooperation wherein Natcore would commercialize Eurotron’s Backcontact Module technology as it may be used in conjunction with Natcore’s laser-based technology on a new cell design.

Joint work will be performed in the Eurotron Competence Center, a facility opened in May 2014 to provide lab-to-fab testing and pre-production services for solar cell/module technologies. The Competence Center is said to be the first in the world dedicated to back-contact cell/module technologies. Once Natcore has optimized their technology on a small scale, they will produce prototype six-inch demonstration cells for delivery to Eurotron.

“This alliance has enormous benefits for Natcore,” says Provini. “Because Eurotron’s revolutionary back-contact technology is very well suited to our technology, it will be relatively easy for us to optimize the back contacts of our solar cell to fit with their Backcontact Module.

“Whenever solar cells are assembled into modules, there is a significant loss of efficiency,” he adds. “According to Eurotron, these cell-to-module losses, which are common in traditional modules, will not occur on modules made using their production tools. Modules built in the Eurotron Test Center have shown up to 4% cell-to-module power gain in best situations.

“Furthermore, this would give us another product to offer to prospective best-of-breed customers.”

“Our laser-processed back-contact cell and HIT-structure cell were important proofs of concept for these high-efficiency solar cells,” notes Brien Lundin, Natcore’s Chairman. “Now our cooperation with Eurotron is designed to put these cells into panels and prove commercial viability. We are taking Natcore to an entirely new level.”

“The developments we performed during the last years are calling for high-efficiency cells,” says Jan Bakker, CTO of Eurotron. “Since ohmic losses are reduced to an absolute minimum level, all investments in high-end cells can now be harvested to the full extent.”

The Project Managers will be Dr. David Levy for Natcore Technology and Bart de Gier for Eurotron. David Levy is Natcore’s Director of Research and Technology. Bart de Gier is Eurotron’s R&D Program Manager.

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Statements herein other than purely historical factual information, including statements relating to revenues or profits, or Natcore’s future plans and objectives, or expected sales, cash flows, and capital expenditures constitute forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in Natcore’s business, including risks inherent in the technology history. There can be no assurance that such forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on such statements. Except in accordance with applicable securities laws, Natcore expressly disclaims any obligation to update any forward-looking statements or forward-looking statements that are incorporated by reference herein.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Natcore Technology Teams With Fraunhofer ISE To Develop International Solar Projects

Program Would Focus on Development of Natcore’s “Best of Breed” Program

Red Bank, NJ — (March 2, 2015) — Natcore Technology Inc. (TSX-V: NXT; NTCXF.PK) has signed a Memorandum of Understanding with the Fraunhofer Institute for Solar Energy (Fraunhofer ISE), under which the two organizations would cooperate in developing solar energy projects for third party customers.

The Memorandum outlines how Natcore and Fraunhofer will work together on various areas of solar energy technology, including but not limited to:

  • Consultancy and project management projects during ramp-up for customers intending to enter the field of photovoltaic production;
  • Support of existing cell and module manufacturers who are optimizing their production sites;
  • Promotion of innovative technologies of Fraunhofer ISE and Natcore;
  • Structure joint venture research projects within the framework of national funding programs.

Fraunhofer ISE is one of the 60 institutes of the Fraunhofer-Gesellschaft. It is one of the most prominent international research institutions in the field of renewable energy materials, technology and systems. The Fraunhofer-Gesellschaft is Europe’s largest research institution, and is the legal entity for Fraunhofer ISE.

On November 12, Natcore announced that it had established a consulting service to provide unbiased business and technical advice to potential new solar cell and solar panel manufacturers and to established solar manufacturers wishing to upgrade their facilities. As part of their service, Natcore will recommend a “best of breed” selection of manufacturing equipment to its clients, and will offer limited exclusivity to incorporate new technology developed by Natcore into the client facilities when such technology becomes available for commercial production.

“One of the most compelling features of our best of breed program is exclusive access to our technology,” says Natcore President and CEO Chuck Provini. “Our customers will be able to integrate our proprietary laser, black silicon, germanium quantum dot, all-back contact and all-low-temperature technologies into their production lines.

“And by teaming with Fraunhofer, we’ll differentiate ourselves from potential competitors even further,” adds Provini. “We’ll have a very muscular program.”

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 Statements herein other than purely historical factual information, including statements relating to revenues or profits, or Natcore’s future plans and objectives, or expected sales, cash flows, and capital expenditures constitute forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in Natcore’s business, including risks inherent in the technology history. There can be no assurance that such forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on such statements. Except in accordance with applicable securities laws, Natcore expressly disclaims any obligation to update any forward-looking statements or forward-looking statements that are incorporated by reference herein.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Natcore Produces First Germanium Quantum Dot-Based Solar Cell

Potential Precursor to Flexible, High Efficiency Tandem Solar Cell

 Red Bank, NJ — (February 17, 2015) — Scientists working with Natcore Technology Inc. (TSX-V: NXT; NTCXF.PK) in the Rice University laboratories of Prof. Andrew Barron, a Natcore co-founder, have successfully formed a heterojunction solar cell using germanium quantum dots on an ordinary n-type silicon wafer.

Individual germanium quantum dots were coated with silicon dioxide (silica), doped to make them p-type, and then deposited, using Natcore’s liquid phase deposition (LPD) process, on a commercial-grade silicon wafer. The LPD process was developed at Rice and is licensed exclusively to Natcore.

“Very simply put, we used our proprietary process to ‘dope’ silica-coated germanium quantum dots and arrange them in a silica film atop a commercial silicon wafer. We then put contacts on the coated wafer to create a cell, and exposed it to light. We obtained a net power out of the device,” says Dr. Dennis Flood, Natcore’s Chief Technology Officer and also a company co-founder.

Quantum-dot solar cells have the potential to be transformational for terrestrial solar energy, with efficiencies far above anything available commercially today.

The advantage lies in the fact that by carefully controlling the size of the quantum dots, the cell can be “tuned” to capture energy from a specific spectrum of light. The portion of the spectrum not captured passes to the next layer below, where it can then be captured by either a specifically tuned lower quantum-dot cell or even an ordinary silicon cell.

Thus, using “multijunction” or “tandem” cells with two or more layers of quantum-dot cells, much more of the solar spectrum can be converted to energy. In contrast, current single junction solar cells are most efficient for only a limited portion of the solar spectrum.

“To our knowledge, no one else has been able to successfully dope and arrange silicon or germanium quantum dots into layers using a process such as Natcore’s, which appears to be ideal for mass production,” notes Flood.

Tandem solar cells are a proven technology in space applications. The major issue preventing their broad use in earth-based applications has been the need to use exotic semiconducting materials for the upper layers.

The cell created in Dr. Barron’s laboratory for Natcore uses relatively abundant and inexpensive germanium, with the coated quantum dot having been characterized as a “p-type” material.

This heterojunction cell, with p-type quantum dots on an n-type silicon wafer, is an important step toward a cell in which quantum dots are used to form both the p-type and n-type materials. Once this next step is achieved, it will open the door to potential ultra-high-efficiency, multi-junction solar cells.

“This is a truly exciting time for Natcore and our shareholders,” says Chuck Provini, Natcore’s president and CEO. “We are one step away — n-type quantum dots — from our ultimate goal in our quantum dot solar cell program.

About Natcore Technology

Natcore Technology is focused on using its proprietary nanotechnology discoveries to enable a variety of compelling applications in the solar industry. Specifically, the company is advancing applications in laser processing, black silicon and quantum-dot solar cells to significantly lower the costs and improve the power output of solar cells. With 64 patents (21 granted and 43 pending) Natcore is on the leading edge of solar research. www.natcoresolar.com

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Statements herein other than purely historical factual information, including statements relating to revenues or profits, or Natcore’s future plans and objectives, or expected sales, cash flows, and capital expenditures constitute forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in Natcore’s business, including risks inherent in the technology history. There can be no assurance that such forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on such statements. Except in accordance with applicable securities laws, Natcore expressly disclaims any obligation to update any forward-looking statements or forward-looking statements that are incorporated by reference herein.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.