State Capital will implement and coordinate potential joint ventures, partnerships and licensing of Natcore’s products and technology through their South American offices. Working on a commission basis, with no upfront costs to Natcore, they will initially introduce Natcore’s process of applying the essential anti-reflective coating on solar cells.
“It is anticipated that this technology will dramatically reduce energy costs, material costs and toxic emissions,” says Chuck Provini, Natcore’s CEO.
“We’ve been following Natcore’s development for some time now, and we’re anxious to take this innovative technology to our extensive South American network,” says Luca Longobardi, State Capital’s CEO. “We’ve worked with Chuck Provini for more than 20 years–in fact he’s now one of our directors–and his involvement with Natcore gives us great confidence in this program.
In addition to the anti-reflective process Provini says “we feel the aggressive South American markets, particularly Brazil, are eager to integrate new technologies to greatly improve the efficiency of solar energy, and for the first time actually make solar energy financially viable.
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