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Natcore Technology announces private placement

Rochester, NY — (June 14, 2017) — Natcore Technology Inc. (TSX-V: NXT; OTCQB: NTCXF) has announced its intent to raise CDN$665,000 via a non-brokered private placement.

The placement involves the sale of up to 3,500,000 units at a price of CDN$0.19 per unit. Each unit comprises one common share and one share purchase warrant. Each warrant will entitle the holder to purchase a further common share at $0.24 for a period of 36 months from closing.

Finder’s fees of 7% cash and 7% warrants (on the same terms as the warrants forming part of the units) may be payable on all or a portion of the financing. Proceeds of the placement will be applied to further development of Natcore’s technologies and general working capital. The completion of the placement is subject to regulatory approval, including the approval of the TSX Venture Exchange.

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This press release shall not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction.  Neither the United States Securities and Exchange Commission (“SEC”), the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) opines as to, nor accepts responsibility for, the adequacy or accuracy of this release.

Natcore Technology closes private placement

Rochester, NY — (May 12, 2017) — Natcore Technology Inc. (TSX-V: NXT; OTCQB: NTCXF)  has completed its proposed non-brokered private placement as announced on May 11, 2017. Gross proceeds of CDN$105,000 were raised through the sale of 500,000 units at a price of $0.21 per unit. Each unit comprised one common share and one share purchase warrant. Each warrant entitles the holder to purchase of a further common share at $0.27 for a period of 36 months.

Finder’s fees of $7,350 were paid in cash in association with the placement, and 35,000 finder’s warrants, bearing the same terms as the placement warrants, were issued.

All securities issued in the private placement are subject to a hold period in Canada expiring on September 12, 2017. Proceeds of the placement will be applied to further development of Natcore’s technologies and general working capital.

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This press release shall not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction.  Neither the United States Securities and Exchange Commission (“SEC”), the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) opines as to, nor accepts responsibility for, the adequacy or accuracy of this release.

Natcore Technology announces private placement

Rochester, NY — (May 11, 2017) — Natcore Technology Inc. (TSX-V: NXT; OTCQB: NTCXF) has announced its intent to raise CDN$105,000 via a non-brokered private placement.

The placement involves the sale of up to 500,000 units at a price of CDN$0.21 per unit. Each unit comprises one common share and one share purchase warrant. Each warrant will entitle the holder to purchase a further common share at $0.27 for a period of 36 months from closing.

Finder’s fees may be payable on all or a portion of the financing. iProceeds of the placement will be applied to further development of Natcore’s technologies and general working capital. The completion of the placement is subject to regulatory approval, including the approval of the TSX Venture Exchange.

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This press release shall not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction. Neither the United States Securities and Exchange Commission (“SEC”), the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) opines as to, nor accepts responsibility for, the adequacy or accuracy of this release. 

Natcore Technology closes private placement

Rochester, NY — (April 11, 2017) — Natcore Technology Inc. (TSX-V: NXT; OTCQB: NTCXF) has completed its proposed non-brokered private placement as announced on April 7, 2017. The placement was oversubscribed, and gross proceeds of CDN$195,700 were raised through the sale of 1,030,000 units at a price of $0.19 per unit. Each unit comprised one common share and one share purchase warrant. Each warrant entitles the holder to purchase of a further common share at $0.25 for a period of 36 months.

Finder’s fees of $13,699 were paid in cash in association with the placement, and 72,100 finder’s warrants, bearing the same terms as the placement warrants, were issued.

All securities issued in the private placement are subject to a hold period in Canada expiring on August 11, 2017. Proceeds of the placement will be applied to further development of Natcore’s technologies and general working capital.

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This press release shall not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction.  Neither the United States Securities and Exchange Commission (“SEC”), the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) opines as to, nor accepts responsibility for, the adequacy or accuracy of this release.

Natcore Technology, Coveme Sign Joint Development Agreement

Provini: “This will accelerate the movement of the Natcore Foil Cell™ into the marketplace.”

Rochester, NY — (April 4, 2017) —Natcore Technology Inc. (TSX-V: NXT; OTCQB: NTCXF; Frankfurt: 8NT) has signed a joint development agreement with Coveme spa, the Italian company that is a leading innovator in the manufacture and conversion of polyester films.

Natcore has recently developed the Natcore Foil Cell, which combines a revolutionary laser process with a novel metallization strategy, thus enabling high-efficiency cell architectures at low cost.

The key feature: metallization of the cell by direct attachment of a bilayer aluminum foil laminate. The concept simplifies the fabrication of several silicon-based, all-back contact cell architectures, allowing for high-speed, low-cost manufacturing methods.

Importantly, it also eliminates the need for silver, one of the highest-cost components of a conventional solar cell.

Under the terms of the Agreement, Natcore and Coveme will collaborate in order to assess and develop high throughput methods to produce laser-processed all-back-contacts on silicon solar cells.

Founded in 1965, Coveme treats, coats, heat-stabilizes and laminates polyester film for various industrial applications, such as photovoltaic modules, biomedical sensor strips, electrical insulation, automotive uses and flexible packaging. The company is based in San Lazzaro di Savena, Italy, and has production sites in Gorizia, Italy and Zhangjiagang, China.

“We developed the technology behind the Foil Cell in our Rochester lab,” Says Chuck Provini, Natcore President and CEO. “But we need additional expertise to help take it to the next level. Nobody is better equipped than Coveme to provide that expertise. Coveme will help us develop a full-scale prototype and ready the cell for production.”

“Natcore will develop their foil all-back-contact process to be compatible with foil designs and samples provided by Coveme,” says Gian Paolo Fedrigo, Coveme’s CEO. “They will construct devices using their own technology along with foil samples from Coveme. We will give them information regarding foil contact structures, and we’ll design and fabricate foil samples for their use in constructing test solar cells.”

The Project Managers will be David Levy for Natcore and Matteo Racchi for Coveme. Dr. Levy is Natcore’s Director of Research and Technology. 

The all-back-contact solar cell is generally recognized as a very efficient structure. Indeed, a cell of this type holds the world record for silicon cell efficiency at 25.6%. In November, Natcore announced that they had achieved efficiencies of 19.4%. At that time, Dr. Levy said “Considering the rapid achievement of these good results, prior even to serious optimization of this new approach, we expect to announce devices soon with efficiencies considerably over 20%.”

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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 awill 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 closes private placement

Rochester, NY — (March 27, 2017) — Natcore Technology Inc. (TSX-V: NXT; OTCQB: NTCXF) has completed its proposed non-brokered private placement, as announced on March 17, 2017. Gross proceeds of CDN$171,000.00 were raised through the sale of 900,000 units at a price of $0.19 per unit. Each unit comprised one common share and one share purchase warrant. Each warrant entitles the holder to purchase of a further common share at $0.25 for a period of 36 months.

Finder’s fees of $11,970.00 were paid in cash in association with the placement, and 63,000 finder’s warrants, bearing the same terms as the placement warrants, were issued.

All securities issued in the private placement are subject to a hold period in Canada expiring on July 24, 2017. Proceeds of the placement will be applied to further development of Natcore’s technologies and general working capital.

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This press release shall not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction.  Neither the United States Securities and Exchange Commission (“SEC”), the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) opines as to, nor accepts responsibility for, the adequacy or accuracy of this release.

Natcore Technology announces private placement

Rochester, NY — (March 17, 2017) — Natcore Technology Inc. (TSX-V: NXT; OTCQB: NTCXF) has announced its intent to raise CDN$190,000 via a non-brokered private placement.

The placement involves the sale of up to 1,000,000 units at a price of CDN$0.19 per unit. Each unit comprises one common share and one share purchase warrant. Each warrant will entitle the holder to purchase a further common share at $0.25 for a period of 36 months from closing.

Finder’s fees may be payable on all or a portion of the financing.  Proceeds of the placement will be applied to further development of Natcore’s technologies and general working capital. The completion of the placement is subject to regulatory approval, including the approval of the TSX Venture Exchange.

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This press release shall not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction.  Neither the United States Securities and Exchange Commission (“SEC”), the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) opines as to, nor accepts responsibility for, the adequacy or accuracy of this release.

Natcore Technology closes second tranche of private placement

Rochester, NY — (December 19, 2016) — Natcore Technology Inc. (TSX-V: NXT; OTCQB: NTCXF) has completed the second tranche of its proposed non- brokered private placement, as announced on December 2, 2016. Gross proceeds of $105,000.00 were raised through the sale of 500,000 units at a price of $0.21 per unit. Each unit is comprised of one common share and one share purchase warrant. Each warrant entitles the holder to the purchase of a further common share at $0.25 for a period of three years.

All securities issued in the second tranche are subject to a hold period in Canada expiring on April 15, 2017. Proceeds of the placement will be applied to further development of the Company’s technologies and general working capital.

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This press release shall not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction. Neither the United States Securities and Exchange Commission (“SEC”), the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) opines as to, nor accepts responsibility for, the adequacy or accuracy of this release.

Natcore Technology Named Industrial Partner in DOE Grant

The goal: a 22% efficient solar module, cost less than 40¢/W

Rochester, NY — (December 14, 2016) — Natcore Technology (TSX-V: NXT; OTCQB: NTCXF) will be the industrial partner in a $800K SunShot grant awarded to Arizona State University by the U.S. Department of Energy for a project titled “Monolithic silicon module manufacturing at < 0.40 $/W.”

ASU received the grant to develop and demonstrate technology that enables a mass-manufactured solar module that costs less than $0.40/W, is 22% efficient, has an annual degradation rate of less than 0.2%, and is warrantable for 50 years.

The SunShot Initiative funds cooperative research, development, demonstration, and deployment projects by private companies, universities, state and local governments, nonprofit organizations, and national laboratories to drive down the cost of solar electricity. Its projects are intended to show a path toward commercialization, hence the partnership between universities, private companies and national laboratories. The National Renewable Energy Laboratory (NREL) is also a partner in this grant.

Natcore was selected for this project because it has all the tools needed for complete n/p or p/n homojunction silicon solar cell fabrication, either with standard top/bottom contacts or all-back-contact configurations. The latter capability also applies to any silicon heterojunction structures that may be investigated in the proposed project. The project gives Natcore access to measurement and diagnostic tools for cell and module characterization, as well as to manufacturing quality control expertise and monitoring systems.

Natcore, through its Science Advisory Board and its own two-party agreements, has direct connections with two leading international manufacturers of integrated flex circuit materials that will enable all-back-contact cells to be integrated into full 60-cell panels with a significant reduction in cell to module (CTM) losses.

Dr. Dennis Flood, Natcore’s co-founder and Chief Technology Officer, and one of the authors of the grant proposal, will be responsible for evaluating the manufacturability of the new flex-circuit-based interconnection schemes implemented by ASU, including determining cell-to-flex-circuit alignment tolerances, evaluating suitable handling and alignment technologies, and tracking the throughput of all module assembly steps. Natcore will commit $25,000 in cost share to this project for this effort at the rate of one month per year (between two scientists).

“This grant will provide Natcore with considerable help with testing, evaluation, cost analysis, etc., at no cost other than in-kind contributions,” says Dr. Flood. “For example, ASU will measure cell-to-module (CTM) energy loss on cells that are made in our Rochester lab.”

“The CTM figure is a critical component of a solar cell’s bottom-line value in the marketplace,” says Chuck Provini, Natcore president and CEO. “Currently CTM losses average from 8% to 10%. We believe that our all-back-contact structure will lower that loss almost to zero. So any panel manufacturer who uses cells made with our technology will in effect be getting that much more energy at no extra cost.”

“We are in good company with this grant,” adds Provini. “We have a significant opportunity with this that can help us with other interactions as well. We have an integral role very early and can have an even bigger one later if we want. The ASU team wants to come to Rochester soon after the first of the year, and wants to work through us with our substrate resource.”

Natcore will own any intellectual property for putting the laser-processed back contacts on the cells.

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 65 patents (31 granted and 34 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.

Natcore Technology grants options

Rochester, NY — (December 9, 2016) — Natcore Technology Inc. (TSX-V: NXT; OTCQB: NTCXF) has granted an aggregate of 1,830,000 stock options to directors, officers, employees and consultants at a price of CDN$0.20 per share for a period of five years. The grant is subject to the approval of regulatory authorities, including the TSX Venture Exchange.

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This press release shall not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction.  Neither the United States Securities and Exchange Commission (“SEC”), the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) opines as to, nor accepts responsibility for, the adequacy or accuracy of this release.