Red Bank, NJ — (November 2, 2012) — In response to many shareholder and press inquiries about the company’s well-being in the aftermath of Hurricane Sandy, Chuck Provini, President and CEO of Natcore Technology Inc. (TSX-V: NXT; NTCXF.PK) has issued the following statement:
“Although our headquarters is located in Red Bank, NJ, a Jersey Shore town that was in the path of Hurricane Sandy, we are all okay. We experienced telephone, power, and Internet outages, but all three have just been restored. I asked the staff to stay home last week since it was a bit dangerous to get around and gasoline was hard to get, but we expect to be fully staffed on Monday morning.
“Most important, the really smart Natcore people are in Rochester (our R&D facility), Oberlin, Columbus and Houston. Drs. Dennis Flood and David Levy and our scientific team have not missed a step. We communicate constantly and are progressing rapidly in the optimization of our black silicon solar cell as well as the design of the prototype black silicon AR-Box that we hope to sell shortly.
“I felt we were as prepared as one could be given the size and scope of the storm. We had previously gotten a generator and staged what we felt was enough fuel. This allowed us to make staff payroll and to continue paying bills to keep all of our facilities current. In addition to our local bank, we maintain an out-of-state account so we always have access to funds even if the local system fails temporarily. We arranged for an out-of-state answering service that would not be affected by phone or power outages. In essence, we are operating even with the inconveniences mentioned earlier.”
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