“We’ve been conducting R&D work at Rice University and the Ohio State University,” says Natcore President and CEO Chuck Provini. “This capital infusion will allow us to build our own lab and to move much more quickly toward building a super-efficient tandem solar cell using our liquid phase deposition process.” A location for the new facility has not yet been finalized, although suitable facilities have been identified.
Finder’s fees may be payable on all or portion of the financing. Proceeds of the placement will be applied to 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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