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Natcore Technology closes second tranche of private placement

Rochester, NY — (December 23, 2015) — Natcore Technology Inc. (TSX-V: NXT; OTCQB: NTCXF) has completed the second tranche of its proposed non-brokered private placement, as announced on November 26, 2015. Gross proceeds of $605,228.04 were raised through the sale of 1,681,189 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 for a period of three years.

All securities issued in the initial tranche are subject to a hold period in Canada expiring on April 19, 2016. Proceeds of the placement will be applied to further development of Natcore’s technologies and general working capital. A third and final tranche of the placement is expected to close on or before January 5, 2016.

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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 Issues Shares To Consultant

Rochester, NY — (October 14, 2015) — Further to the company’s news release dated August 17, 2015, Natcore Technology Inc. (TSX-V: NXT; OTCQB: NTCXF) has now issued 325,000 common shares at a deemed price of US$0.45 per share to a third party services provider in exchange for services rendered. The shares issued are subject to a hold period in Canada expiring on February 7, 2016.

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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 Final Tranche Of Private Placement

Red Bank, NJ — (April 29, 2015) — Natcore Technology Inc. (TSX-V: NXT; NTCXF.PK) is pleased to announce it has completed the second and final tranche of its proposed non-brokered private placement, as announced on April 11, 2015. Gross proceeds of CDN$277,900 were raised through the sale of 397,000 units at a price of CDN$0.70 per unit.

An aggregate of 1,597,050 units were sold in both tranches of the private placement for aggregate gross proceeds of CDN$1,117,935. Each unit comprised one common share and one share purchase warrant. Each warrant entitles the holder to purchase of a further common share at CDN$0.95 for a period of three years.

Aggregate finders fees of CDN$23,471 in cash and 33,530 warrants, having the same terms as the warrants issued in the private placement, were also paid.

All securities issued in the final tranche are subject to a hold period in Canada expiring on August 28, 2015. Additional restrictions may apply pursuant to Rule 144 of the Securities Act of 1933, as amended, to U.S. investors. Proceeds of the placement will be applied to further development of the company’s technologies and general working capital.

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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 Technology Closes First Tranche Of Private Placement

Red Bank, NJ — (April 14, 2015) — Natcore Technology Inc. (TSX-V: NXT; NTCXF.PK) has completed the first tranche of its proposed non-brokered private placement, as announced on April 11, 2015.  Gross proceeds of CDN$840,035 were raised through the sale of 1,200,050 units at a price of $0.70 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 $0.95 for a period of three years.

All securities issued in the initial tranche are subject to a hold period in Canada expiring on August 15, 2015. Additional restrictions may apply pursuant to Rule 144 of the Securities Act of 1933, as amended, to U.S. investors. Proceeds of the placement will be applied to further development of Natcore’s technologies and general working capital.

Additional tranches of the placement are anticipated hto be completed later in the week.

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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 Announces Intent To Finance

Red Bank, NJ — (April 10, 2015) — Natcore Technology Inc. (TSX-V: NXT; NTCXF.PK) announces that it intends to arrange a non-brokered financing to raise up to $2 million. Each unit of the financing will consist of a share of Natcore stock priced at CDN $0.70 and a full three year warrant at CDN $0.95. Funds generated from the financing will be used for the continued optimization of products close to commercialization such as Natcore’s development of black silicon solar cells and backside laser contact HIT-structured solar cell products. Finder’s fees may be payable on all or a portion of the financing.  The completion of the placement is subject to regulatory approval, including the approval of the TSX Venture Exchange.

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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 Technology Makes Laser-Processed HIT-Structure Solar Cell

Company Files For Provisional U.S. Patent

Red Bank, NJ — (March 16, 2015) — Scientists working in the Rochester R&D Center of Natcore Technology Inc. (TSX-V: NXT; NTCXF.PK) have produced an all-back-contact silicon “HIT-structure” (heterojunction with intrinsic thin layer) solar cell using their proprietary laser technology.

“Silicon HIT-structure cells have been shown to yield record efficiencies of greater than 25%.” Says Dr. David Levy, Natcore’s Director of Research and Technology. “Natcore’s HIT-structure cells are made using thin amorphous silicon layers in combination with a standard crystalline silicon solar wafer. This concept makes very efficient cells, as seen in the Sanyo/Panasonic HIT™ cell.”

Natcore’s scientists used a laser in applying contacts to the rear of the cell. In addition to further increasing cell efficiency relative to industry standards, the Natcore all-back-contact technique could allow production of these high efficiency cells at low cost.

Panasonic recently reported an all-back-contact HIT-structure with 25.6% conversion efficiency – the highest efficiency ever reached for a silicon solar cell. That cell, however, was produced using a relatively complicated, higher-cost process. Natcore believes that it can achieve similar efficiencies at a much lower cost and without the environmental damage incurred through the chemicals and energy required for the high-temperature process.

Because of their initial results, Natcore has moved to protect its new process by filing a provisional patent application titled with the United States Patent and Trademark Office.

“Basic HIT-structure cell technology is a couple of decades old,” says Chuck Provini, Natcore President and CEO. “But our HIT-structure cell is not your father’s HIT cell. We’ve made a device that has all of the positive aspects of a HIT cell, but also with our laser technology that will allow us to significantly streamline production. Our cell will have a much lower manufacturing cost than the cells made using the older technology. We continue to change the ways solar cells are made.”

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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’s Chief Technology Officer Gives Opening Address at World Photovoltaic Conference

Red Bank, NJ — (February 3, 2015) — Dr. Dennis Flood, the Chief Technology Officer and a cofounder of Natcore Technology Inc. (TSX-V: NXT; NTCXF.PK), was chosen to give an opening address of the 6th World Conference on Photovoltaic Energy Conversion in Kyoto, Japan.

Dr. Flood was also chosen to introduce the winner of the World Prize, which is given every four years.

The Conference brings together the three major photovoltaic communities (Europe, United States, Japan/Asia) every four years. Dr. Flood organized and chaired the first WCPEC in 1994 while he was Chief of the Photovoltaic and Space Environments Branch at NASA.

Following the conference, Dr. Flood was the opening plenary speaker at a special two-day workshop in Myazaki, Japan, the third in a series of such biennial events. It was attended by a select group of scientists from universities in Japan and Korea. At this workshop, characterized by Dr. Flood as a “very high-powered event,” he presented Natcore’s work on black silicon and quantum dot solar cells.

While in Japan, Dr. Flood also met with a Sharp Electronics team that is responsible for the development of heterojunction with intrinsic thin layer (HIT) solar cells. These are super high efficiency devices that could result in an efficiency of 25%. After exchanging non-disclosure agreements, Sharp agreed to send HIT cells to Natcore, which will then put all-back contacts on them using Natcore’s proprietary laser technology. In addition to further increasing cell efficiency, the Natcore all-back-contact technique will lower production cost by eliminating diffusion furnaces.

“The presentations at the World Conference, and my conversations with attending solar manufacturers, confirm that Natcore is in a leading position with regard to the next paradigm shift in solar cell manufacturing,” says Dr. Flood. “There are two reasons. First is our work on black silicon antireflection control on n-type wafers, and second is our work on laser-processed, integrated back contacts (IBC) on n-type wafers.”

“Our presence at this event with other industry leaders gave us further exposure to a large and influential audience,” says Chuck Provini, Natcore President and CEO. “It will certainly pay off for Natcore as we begin to market our technology around the world.”

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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 Makes First Back-Contact Solar Cell Using Laser Processing.

Will allow high-performance, all-back-contact solar cells to be manufactured at much lower cost than conventional cells.

Red Bank, NJ — (January 27, 2015) —Three months ago, Natcore Technology (TSX-V: NXT; NTCXF.PK) announced that its scientists had created an all-low-temperature, laser-processed solar cell.

Now Natcore’s scientists have taken a giant step further, with an advance that promises not only to slash production costs, but also add significantly greater power output to commercial solar cells.

Working in their R&D Center in Rochester, NY, the Natcore team has successfully used their proprietary advances in laser technology to produce an all-low-temperature laser-doped solar cell with all of its electrical contacts on the back of the cell.

Eliminating the contacts from the front of the cell will allow an additional 4% to 6% more light to enter the cell and increase its output by a comparable amount. This increase along with other expected gains can increase efficiencies by up to 4% on an absolute basis relative to current benchmarks for front contact solar cells.

Moreover, in their latest effort the Natcore team has achieved an open-circuit voltage of 0.6 V. These and other performance metrics indicate that, with further refinement, efficiencies significantly equaling or exceeding today’s best commercial cells are possible.

While other all-back-contact cells have been produced, they use high-temperature diffusion in their doping steps and highly complex multi-step patterning processes to apply the electrical contacts. Natcore’s all-back-contact cell, on the other hand, uses only high-speed, inexpensive laser processing to define the doping regions and the contacts.

Natcore’s elegantly simple approach makes it uniquely suited to large-scale manufacturing. It will provide the best of all worlds by allowing high-performance all-back contact cells to be manufactured at much lower cost than current or conventional solar cells.

The all-back-contact cell is the latest salvo in Natcore’s assault on solar cell manufacturing costs. Earlier developments:

  • Natcore’s black silicon process should save 23.5% in manufacturing costs by eliminating one furnace from the conventional production process.
  • Natcore’s highly specialized laser processing will eliminate a second, final furnace, cutting costs even further.
  • Substituting a copper catalyst for gold or silver in the surface etching promises significant, on-going process savings.

“We’re at a real frontier,” says Dr. David Levy, Natcore’s Director of Research & Technology. “We’re changing the way solar cells are made. We’re very optimistic about our prospects because our cells are behaving according to our theoretical expectations.”

“With every advance, we’re further defining what will be recognized as the ‘Natcore Process,’” says Chuck Provini, Natcore’s president and CEO. Ultimately our process will yield superlative solar cells that are highly efficient, inexpensive to produce, and kind to the environment.”

“The key to making solar energy competitive without government subsidies is to slash production costs and increase power output,” notes Natcore’s Chairman, Brien Lundin. “This latest advance in laser processing does both, and to a greater degree than even we thought possible. This is our first application that is both disruptive and ready for market.”

The next steps in the development will be to add Natcore’s black silicon antireflection control technology to the front of the cell. Natcore will have a unique and proprietary position with this technology.

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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 Arranges $500,000 Private Placement

Red Bank, NJ — (January 15, 2015) — Natcore Technology Inc. (TSX-V: NXT; NTCXF.PK) has arranged a $500,000 private placement with a US $100,000 over-allotment option.

The non-brokered private placement involves the sale of up to 1,162,790 units at a price of $0.43 per Unit for aggregate gross proceeds of $500,000. 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 $0.70 for a period of three years from closing.

In the event the over-allotment option is fulfilled, an additional 232,558 units will be issued.

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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Prominent Australian Solar Scientist Joins Natcore Technology Advisory Board

Red Bank, NJ — (November 25, 2014) — Dr. Gavin Conibeer, an internationally-known professor at the School of Photovoltaics and Renewable Energy Engineering at the University of New South Wales (UNSW), has joined the science advisory board of Natcore Technology Inc. (TSX-V: NXT; NTCXF.PK).

Dr. Conibeer has a worldwide reputation in photovoltaics. He has been a funded participant in the Stanford University GCEP program and has been a visiting professor at  the University of Tokyo. He is an adjunct professor at University of Western Sydney and Chengdu University.  He has been on the organizing committee of many symposia in Europe, the United States and Australia. He has led two projects funded by the Australian Renewable Energy Agency and several funded by the Australian Research Council. He has been a partner in the European Union‑funded LIMA project, an international consortium focused on minimizing the costs of manufacturing while maximizing efficiency of the photovoltaic devices by using novel concepts.

Dr. Conibeer’s research interests encompass a wide range of third generation and advanced photovoltaic concepts, including silicon quantum dot-based tandem solar cells; hot carrier solar cells; up-conversion and photoelectrochemical cells. Natcore was particularly attracted by his experience with tandem solar cells.

Dr. Conibeer earned a B.S. in Materials Science and Engineering at Queen Mary College, London University. At the London School of Polymer Technology, he received an M.S. in Polymer Science and Processing Technology. He earned a PhD at the University of Southampton.

He has held research positions at Oxford, Cranfield, Southampton and Monash Universities in which he has worked on most of the materials systems used in photovoltaics. He joined the University of New South Wales in 2002 and was appointed a Deputy Director in the Photovoltaics Centre of Excellence in 2003, in charge of the Third Generation Photovoltaics strand.

He is the editor of two books, “Advanced Photovoltaic Cells” (Royal Society of Chemistry, 2014) and “Solar Cell Materials: Developing Technologies” (John Wiley & Sons, 2014). He has authored eight book chapters, 116 journal papers, 40 refereed conference papers, and 119 other conference papers. He has received two patents, with another provisional patent. Nearly half of his journal papers deal with quantum dots. Since January 2012, he has been an editor of Wiley’s Progress in Photovoltaics, a prestigious forum for reporting advances in this rapidly developing technology.

The UNSW has expertise in the area of nanotechnology applied to solar cells that is unparalleled in the world-wide photovoltaic community,” says Chuck Provini, Natcore’s president and CEO. “We have been following their research for several years, and our CTO, Dr. Dennis Flood, has been professionally acquainted with their PV program since his days at NASA.”

Dr. Conibeer joins Dr. Daniele Margadonna, Chief Technology Officer of MX Group SpA, and Dr. David Carlson, formerly the chief scientist of BP Solar, on the advisory board.

Located in Sydney, the University of New South Wales is situated near the business hub of Australia’s largest city. UNSW is one of Australia’s leading research universities and is home to a number of internationally recognized research developments.

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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