Natcore Technology Enters into South American Selling Agreement

RED BANK, NJ – October 21, 2009 – Natcore Technology, Inc., has entered into an exclusive selling agreement with State Capital, Inc., an international financial services and investment banking firm, for sales throughout South America.State Capital, founded in 1999, has offices in Brazil, Chile, Argentina and the United States. The firm enjoys a paramount reputation throughout South America and has a well-known and impressive client list.

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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