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Natcore Technology Extends Warrant Expiry Dates

Rochester, NY — (June 28, 2016) — Natcore Technology Inc. (TSX-V: NXT; OTCQB: NTCXF) will extend the expiry date of an aggregate 6,040,740 outstanding share purchase warrants. The subject warrants were originally issued from August 20, 2013 to August 28, 2013 with expiry dates of August 20, 2016 to August 28, 2016. The new expiry dates will provide a two-year extension with respect to the subject warrants. The warrants will continue to be exercised at their original exercise price.

The amendment to the terms of the warrants is subject to TSX Venture Exchange approval and any regulatory approvals.

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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.  The Company has not authorized nor consented to third party publication of the information contained in the press release. 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 — (June 28, 2016) — Natcore Technology Inc. (TSX-V: NXT; OTCQB: NTCXF) has completed its private placement, as announced on June 22, 2016. Gross proceeds of $400,000 were raised through the sale of 1,000,000 units at a price of $0.40 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 $0.55 until June 27, 2016. Aggregate finder’s fees of $28,000 were paid in cash and 70,000 warrants, bearing the same terms as the unit warrants, were issued.

The securities issued are subject to a hold period in Canada expiring on October 28, 2016, while the common shares forming part of the units have been registered in the United States pursuant to a Registration Statement on Form F-1 filed with the U.S. Securities and Exchange Commission and granted effective on June 22, 2016. 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.  The Company has not authorized nor consented to third party publication of the information contained in the press release. 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 — (June 22, 2016) — Natcore Technology Inc. (TSX-V: NXT; OTCQB: NTCXF) is pleased to announce that it intends to raise up to $400,000 via a non-brokered private placement.

The placement involves the sale of up to 1,000,000 units at a price of $0.40 per Unit for aggregate gross proceeds of $400,000. Each unit comprises one common share and one share purchase warrant. Each warrant will entitle the holder to purchase a further common share at $0.55 for a period of three years from closing. The common shares have been registered in the United States pursuant to a Registration Statement on Form F-1 filed with the U.S. Securities and Exchange Commission and granted effective on June 22, 2016.

Finder’s fees may be payable on all or portion of the financing. Proceeds of the placement will be applied to further development of the company’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

Natcore Technology Celebrates First Anniversary as Fully Reporting Company With SEC

Rochester, NY — (May 31, 2016) —Natcore Technology Inc. (TSX-V: NXT; OTCQB: NTCXF; Frankfurt: 8NT) has reached its first anniversary as a fully reporting issuer with the U.S. Securities & Exchange Commission.

Natcore initially became a fully reporting company after filing an SEC Form F-1 Registration Statement, effective as of May 26, 2015. The company’s recent filing of Form 20-F brings it current with all of its required filings.

“This anniversary brings benefits to Natcore’s shareholders, particularly those residing in the U.S.,” says Tom Scarpa, Natcore’s Senior Vice President/Investor Relations. “Probably the most tangible of these is the reduced holding period.”

Under SEC rule 144, the holding period for American participants in a private placement was twelve months. Now that Natcore has reached its one-year anniversary as a fully reporting issuer, that holding period is reduced to six months. For Canadian participants, the holding period is unchanged at four months.

“There is a broader benefit as well,” says Scarpa. “This milestone should strengthen investor confidence in the company, both among private and institutional investors.”

Becoming a fully reporting issuer in the U.S. significantly expanded Natcore’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. By becoming fully reporting, Natcore created new opportunities for acquisition of their securities by institutional investors.

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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.

Jill Finder Joins Natcore Technology As Senior Vice President/Business Development

Rochester, NY — (April 5, 2016) — Jill C. Finder, whose career has spanned the worlds of finance, law and real estate, has joined Natcore Technology Inc. (TSX-V: NXT; OTCQB: NTCXF) as Senior Vice President/Business Development.

Ms. Finder brings over 30 years of experience in those fields to Natcore, a company with technology that has attracted interest from solar energy companies around the world. Her efforts there will be focused on vetting financial and manufacturing partners for the company without sacrificing its intellectual property.

Most recently she has been Corporate Counsel and Director of Organizational Resources for the Signature Real Estate Companies, an independently owned Florida firm. Earlier she had been General Counsel for The Gold Group, a boutique legal consulting and research firm that advises investment banks and hedge funds on antitrust and other regulatory issues that arise in mergers and acquisitions.

She spent 18 years at the Municipal Securities Rulemaking Board, a self-regulatory organization created by Congress to oversee the municipal securities market, where she served as Associate General Counsel. And she was a Staff Attorney for the U.S. Securities & Exchange Commission in Washington, DC.

Finder earned a BA in psychology at Emory University in 1982. In 1988, she earned a JD degree from the Nova Southeastern University School of Law, Davie, FL. Before attending law school, she earned Series 7 and 63 licenses and worked as an account executive at Paine Webber and Advest. While working toward her JD degree, she clerked at two law firms in the Fort Lauderdale area and served an internship at the U.S. Securities & Exchange Commission in Miami. She is a native of Hollywood, FL.

“As we receive more inquiries from entities who want joint ventures or other access to our technology, we need someone with an unusual set of skills to focus on that aspect of our business,” says Chuck Provini, Natcore’s president and CEO. “Jill has worked as a lawyer and an investment broker. She has worked for government regulatory agencies. Her range of experience makes her a perfect fit for us.”

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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 Achieves Commercial-Level Efficiency With Breakthrough Solar Cell

Retains Authoritative Independent Lab To Quantify Cost Advantage

Rochester, NY — (March 29, 2016) —Natcore Technology Inc. (TSX-V: NXT; OTCQB: NTCXF) has achieved commercial-level efficiencies for its laser-processed solar cells.

Refinement of Natcore’s revolutionary all-back-contact silicon cell structure, which utilizes low-cost aluminum instead of high-cost silver, has progressed rapidly.

Less than 11 months ago, early proof-of-concept cells were delivering 4% efficiencies. Today, the cells have already reached efficiencies of 17.5%, roughly equivalent to typical commercial cells being sold today.

Importantly, Natcore’s new cell design is producing short-circuit currents above 40 mA/cm2 and open-circuit voltages above 0.65V. Expected improvements in these measurements, as well as fill factor, project to efficiencies well above 20%.

Natcore’s new design builds upon the basic concept of a silicon heterojunction (SHJ) solar cell. An SHJ cell produced by Panasonic holds the current world record efficiency for a silicon solar cell at 25.6%. There is nothing inherent in Natcore’s new design that would preclude it from ultimately achieving efficiencies in this range.

The rapid improvements in performance for Natcore’s new SHJ cells have been made in the company’s Rochester research facilities, which, while employing advanced laser and processing equipment, are somewhat limited in comparison with commercial solar cell production facilities. Thus it is expected that significantly higher performances will be achieved as development of Natcore’s cells progresses from the lab to production facilities.

Natcore’s laser processed, all back contact solar cell technology will accelerate the introduction of a new generation of solar panels that will be more efficient than current solar panels and will be lower in cost.  Part of the output gain will come from eliminating the reflecting metal contact strips on the top of the cell, thereby increasing the amount of light absorbed by the panel, and part of it will come from reducing cell-to-module losses, i.e., the electrical losses that occur when the cells are electrically connected to each other using the small metal ribbons that are today’s technology.  The result will be an improvement of panel efficiency by as much as 8% to 10% compared to today’s products.  The panel cost reduction comes partly from replacing the cost of silver with the cost of aluminum and partly from the reduced handling needed for an all back contact panel assembly compared to a standard panel.

To quantify these cost advantages for potential partners, Natcore has retained a highly respected independent laboratory to prepare an analysis comparing the cost of producing solar cells using Natcore’s breakthrough process with that of making cells using existing manufacturing methods.

“Many companies are producing cells with efficiencies at the levels we’ve so far achieved,” says Dr. David Levy, Natcore’s Director of Research and Technology. “But cells made using our technology will ultimately be much more efficient and far less expensive to produce, which will equate to very significant cost/watt improvements.”

The Natcore structure leverages a high-volume aluminum metallization that can be very low in cost. Because its current efficiencies are now in the range of commercial production, Levy feels that its novel approach is validated.

“We have reached performance goals that make us ready to present our case to large manufacturers whose scale and resources can help us reach the ultimate, ultra-high-efficiency potential that our cells are capable of,” says Chuck Provini, Natcore’s president and CEO.

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 62 patents (26 granted and 36 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.

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 — (March 18, 2016) — Natcore Technology Inc (TSX-V: NXT; OTCQB: NTCXF) has completed its private placement, as announced on March 4, 2016. Gross proceeds of $808,018.92 were raised through the sale of 2,244,497 units at a price of $0.36 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 $0.55 until March 17, 2019. Aggregate finder’s fees of $8,442 was paid in cash and 23,450 warrants, bearing the same terms as the unit warrants, were issued

The securities issued in the final tranche are subject to a hold period in Canada expiring on July 18, 2016, and may not be resold in the United States unless the conditions of Rule 144 (promulgated under Section 5 of the Securities Act of 1933) have been satisfied. 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 4, 2016) — Natcore Technology Inc. (TSX-V: NXT; OTCQB: NTCXF) has announced that it intends to raise up to CDN$2,000,000 via a non-brokered private placement.

The non-brokered private placement involves the sale of up to 5,555,555 units at a price of CDN$0.36 per unit for aggregate gross proceeds of CDN$2,000,000. Each unit comprises one common share and one share purchase warrant. Each warrant will entitle the holder to purchase of a further common share at CDN$0.55 for a period of three years from closing.

Finder’s fees may be payable on all or portion of the financing. Proceeds of the placement will be applied 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 grants options

Rochester, NY — (January 13, 2016) — Natcore Technology Inc. (TSX-V: NXT; OTCQB: NTCXF) has, in conjunction with the company’s annual employee reviews, granted an aggregate of 1,975,000 stock options to directors, officers, employees and consultants at a price of $0.40 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.

Natcore Technology extends private placement

Rochester, NY — (January 5, 2016) — Natcore Technology Inc. (TSX-V: NXT; OTCQB: NTCXF) is extending its previously announced non-brokered private placement, as announced November 26, 2015, for a period of 30 days. As previously announced, the Company intends to raise up to CDN$3.0 million through the sale of up to 8,333,333 units at a price of CDN$0.36 per unit. Each unit comprises one common share and one share purchase warrant. Each warrant entitles the holder to purchase of a further common share at $0.55 for a period of three years. Finder’s fees may be payable on portions of the placement.

Natcore has previously placed an aggregate of 3,375,633 units, generating gross proceeds of CDN$1,215,228, in prior tranches of the placement completed on November 30 and December 18, 2015.

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.