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Natcore Technology Comments on Increase in Market Activity

Red Bank, NJ — (July 9, 2024) — Natcore Technology Inc. (TSX-V: NXT; NTCXF.PK) wishes to confirm that its management is unaware of any material change in the company’s operations that would account for the recent increase in market activity.

Natcore Technology is the exclusive licensee, from Rice University, of a thin-film growth technology enabling room-temperature growth of various silicon oxides on silicon wafers in a liquid phase deposition (LPD) process. Although the implications of this discovery for semiconductors and fiber optics are significant and wide-ranging, the technology has immediate and compelling applications in the solar sector. Specifically, Natcore’s LPD process could enable silicon solar cell manufacturers to significantly reduce manufacturing costs and increase throughput, and has the potential to allow mass manufacturing of super-efficient solar devices that will make stand-alone solar energy cost-competitive with conventional power generation.

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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 Announces $2.5 Million Non-Brokered Private Placement

Red Bank, NJ - (July 3, 2024) - Natcore Technology Inc. (TSX-V: NXT: NTCXF.PK) wishes to correct its release announced earlier today concerning its proposed non-brokered private placement. Natcore has arranged a C$2.5 million private placement in order to complete optimization of the company’s promising black silicon technology (the “Offering”).

The Offering will result in the sale of up to 4,166,667 units at a price of C$0.60 per unit for aggregate gross proceeds of C$2,500,000.

As previously announced, each unit comprises one common share and one warrant, with each full warrant enabling purchase of a further common share at C$0.90 for a period of two years from closing. In the event that Natcore shares close at over C$1.20 for 20 consecutive trading days, the warrants will be subject to accelerated conversion with 30 days’ notice of the company providing notice of same to the holders either in writing or by way of press release.

Finder’s fees may be payable on all or a 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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Statements in the press release other than purely historical factual information, including statements relating to revenues or profits, or Natcore’s furture plans and objectives, or expected sales, cash flows, and capital expenditures constitute forward-looking statement. 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 the term is defined in the policies of the TSX Venture Exchange) accepts responsiblity for the accuracy of this release.

 

Natcore Receives New R&D Assignments

Natcore Technology Receives R&D Assignments From North American, European and Chinese Solar Firms

Successful tests could result in near-term sales.

Red Bank, NJ — (June 25, 2024) — Five solar device manufacturers — two from North America, two from China and one from Europe-have asked Natcore Technology Inc. (TSX-V: NXT; NTCXF.PK) to determine if Natcore’s black silicon and liquid phase deposition (LPD) processes can help them reduce costs and improve performance of their solar energy products. The companies typically use plasma enhanced chemical vapor deposition (PECVD) to deposit films on their products.

The two North American companies have sent Natcore sample wafers, some to process with black silicon, some with Natcore’s proprietary LPD surface passivation technology and some with both processes.

Both Chinese manufacturers have also asked Natcore to apply an “absolute black” antireflective coating (i.e., Natcore’s super low reflectance black silicon with LPD silica passivation) to the sample wafers they have provided.

The European manufacturer wants Natcore to process wafers with a very thin LPD silica layer. The thin layer is an integral part of the cell structure the company now has in pilot production, and successful insertion of Natcore’s technology will enable a major reduction of cell manufacturing costs.

Natcore’s proprietary LPD process makes it possible to grow a wide range of inorganic materials-such as silicon dioxide-based films—on a range of substrates using a room-temperature, environmentally friendly chemical bath — thereby eliminating the need for harsh and expensive CVD methods currently used in industry.

The work will be completed using Natcore’s AR-Box™ at their R&D Center in Rochester, NY. AR-Box is Natcore’s intelligent processing station that uses the LPD process to grow thin film coatings on various substrates.

“These companies came to us because they were aware of our successes with LPD and black silicon,” says Chuck Provini, Natcore President and CEO. “If the results are what we anticipate for these tests, these companies would very likely be significant near-term customers for our AR-Box, an LPD license, and the requisite chemicals.”

“Furthermore,” says Provini, “we’ve been negotiating a number of potential joint ventures in various global markets. Successful commercial tests will strengthen our hand in those negotiations.”

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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, NREL Chosen to Present Paper to IEEE

Red Bank, NJ — (June 5, 2024) —Natcore Technology Inc. (TSX-V: NXT; NTCXF.PK) and the National Renewable Energy Laboratory (NREL) have been selected to present a technical paper to the 38th IEEE Photovoltaic Specialists Conference, the pre-eminent global technical conference in photovoltaics. It is sponsored by the world’s largest professional association for the advancement of technology, the Institute of Electrical and Electronic Engineers.Titled “Antireflection and SiO2 Surface Passivation by Liquid-Phase Chemistry for Efficient Black Silicon Solar Cells,” the paper was co-authored by Hao-Chih Yuan, Jihun Oh and Howard M. Branz of NREL, and by Yuanchang Zhang, Oleg A. Kuznetsov and Dennis J. Flood of Natcore. The oral presentation was made by Dr. Yuan in Austin, TX, on June 4.The paper concludes that the integration of black silicon solar cells with low-cost liquid phase deposition (LPD) silicon dioxide demonstrates that LPD solar cells (1) retain low reflectivity of the black silicon surface, and (2) provide better surface passivation quality compared with the thermally grown silicon dioxide. Further optimization of the key processing steps could promise an extremely low-cost and high-efficiency black silicon solar cell, work that is being carried out by Natcore and NREL.

“Black silicon” refers to the apparent color of the surface of a silicon wafer after it has been etched with nano-scale pores; the black color results from the absence of reflected light from the porous wafer surface. Natcore has been granted an exclusive patent license from NREL in the field of diffused emitters with liquid phase passivation to develop and commercialize a line of black silicon products based on NREL patents. Natcore and NREL have also agreed to enter into a Cooperative Research and Development Agreement to develop commercial prototypes that embody NREL’s black silicon inventions.

A panel made from black silicon solar cells will produce a significantly greater amount of energy (KwHrs) on a daily basis than will a panel made from cells using the industry standard thin film coating, not only because the reflectance is lower but also because the angular dependence of the reflectance from black silicon is much lower. The latter fact means a black silicon panel will perform better during the morning and afternoon hours when the sun hits at an angle and will also outperform standard cell panels on cloudy days. The combination of lower cost and higher energy output per kilowatt of installed array peak power should quickly make black silicon the antireflection control technology of choice in the industry.

Although black silicon solar cells have been studied since the 1980s, a key obstacle to turning their increased light absorption into increased power output is a significantly increased area of exposed silicon on the sidewalls of the pores and on the small mesas that remain at the top surface of the wafer itself. This increased area must be passivated, or treated to keep it from trapping the light-generated electric charges as they migrate toward the contacts of the solar cell, a process that robs the cell of output power.

“Natcore has the ability to passivate black silicon cells cost effectively using their LPD technology. That has been the missing piece. It’s what will enable black silicon to reach its potential,” says Dr. Dennis Flood, a Natcore founder and the company’s Chief Technology Officer.

“Before Natcore’s passivation technology, it was necessary to put coated cells into a 1,000deg. C. furnace to create a thermal oxide,” continues Flood. “Natcore’s LPD silica coating achieves passivation without requiring an extra thermal process. The combined NREL-Natcore technologies will reduce cost by eliminating the need for thermal oxidation. And they’ll increase output by enabling cells to be more productive throughout all daylight hours.”

“NREL asked Natcore if we would like to submit a joint paper for presentation at the conference,” says Dr. Flood. “I agreed, and the paper was accepted by the program committee for an oral presentation. Most of the papers are presented as posters, so getting selected for an oral presentation means the committee felt the paper had significant technical merit. About one in ten papers are selected for oral presentation.” Dr. Flood had been on the organizing committee for the conference since his days at NASA. He held several positions, from publication chair to program chair to general chair and international committee chair. He has been affiliated with the conference for over 32 years.

The IEEE is the world’s largest technical society and is the official conference sponsor. It will be attended by about 2000 persons in academic institutions and company laboratories from more than 40 countries worldwide. It is considered the premier technical conference on photovoltaic energy conversion and is the longest running conference on the topic.

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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 Reappoints Zucker Chief Financial Officer

Red Bank, NJ — (May 18, 2024) —Natcore Technology Inc (TSX-V: NXT; NTCXF.PK) has reappointed Brian Zucker to be Chief Financial Officer.Mr. Zucker is the CFO and Financial Operations Principal for numerous broker dealers and hedge funds. He is a member of the American Institute of Certified Public Accountants, as well as a member of the New Jersey State Society of CPA’s. He has more than 25 years of experience as a CPA specializing in the securities industry.Mr. Zucker is currently a partner with the prestigious accounting firm, Rosenberg, Rich, Baker and Berman, (RRBB). He started his career at Deloitte Haskins and Sells and later Price Waterhouse. He has previously served as the President and Chairman of Atlantis Business Development Corp. (ABDV) and Managing Director of American Frontier Financial Corp.(EVIS).Mr. Zucker holds a Bachelor’s degree in accounting from Pace University in New York, and has the following FINRA licenses: Series 7, 63, 24, 27, 53, 79 and 99.

Zucker and his wife, Michele, live with their two sons in Wall, NJ.

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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 Promotes Zubil

Red Bank, NJ — (April 2, 2024) —Natcore Technology Inc (TSX-V: NXT; NTCXF.PK) has promoted Ted Zubil to be the company’s Director of Operations. He had been a chemical engineering technician.

In July 2011, Zubil became Natcore’s first hire at its new Research & Development Center in Greece. Before joining Natcore, he had been at Eastman Kodak for 20 years, first as a lab technician and most recently as a Senior Research Chemical Process Technician. He holds six R&D patent awards and has received an Imaging & Science Technology Award from the Society of Imaging Science & Technology.

Zubil received an Associate of Science Degree in Criminal Justice at Monroe Community College and is pursuing a BS degree in Printing and Imaging at Rochester Institute of Technology.

In his new capacity, Zubil will report to Chuck Provini, Natcore’s President and CEO. “Ted is extremely deserving of this promotion,” says Provini. “He was our man on the ground during a complicated lab buildout process. He has the hard-driving, take charge work ethic that’s needed for a job like this. We’re lucky to have him.”

Zubil and his wife, Pat, an Executive Administrative Assistant at Kodak, live in Honeoye Falls. Zubil will continue to be based at Natcore’s R&D Center in Building 308 at Eastman Business Park.

Natcore Scientists Create “Absolute Black”

Company’s black silicon cells have lowest reflectance ever recorded for silicon solar cells

Red Bank, NJ - (March 29, 2024) - Scientists at Natcore Technology Inc. (TSX-V: NXT; NTCXF.PK), using simple liquid bath processes, have created a black surface on a silicon wafer with an average reflectance in the visible and near-infrared region of the solar spectrum of 0.3%, making it the “blackest” silicon solar cell surface ever recorded. Compared with standard production cells now available, this represents a tenfold reduction in reflectance over that portion of the spectrum, which is the source of about 80% of the usable power that can be drawn from sunlight.

The black color of black silicon results from the near-total absence of reflected light from the porous wafer surface. With solar cells, “blackness” is highly desirable because it indicates that incident light is being absorbed for conversion to energy rather than being reflected and thus wasted.

Quantitatively, reflectance is the proportion of light striking a surface that is reflected from it. Thus a reflectance of 0.3% means that only 0.3% of incident light is reflected from the solar cell’s surface, while 99.7% of incident light is absorbed by the cell and is available for conversion into electrical energy.

A tenfold reduction in reflectance would mean that up to 3% more usable light would get into the cell, effectively increasing the cell efficiency by that amount. (An 18% efficient cell becomes an 18.5% cell, for example.)

But there are additional benefits to be derived from black silicon. A panel made from black silicon solar cells will produce significantly more energy on a daily basis than will a panel made from cells using the industry standard antireflective coating. First, because it reflects less light. Second, because it performs better during the morning and afternoon hours when the sun hits at an angle. (It also outperforms standard cell panels on cloudy days.) Its higher energy output, combined with a lower cost using Natcore’s patented process, could quickly make black silicon the global solar technology of choice.

Natcore’s process began with an uncoated, textured silicon wafer that had an average reflectance of approximately 8%, giving it a mottled gray appearance. First, nanoscale pores were etched into the wafer surface by submerging it for a few minutes in a liquid solution at room temperature. Next, using the company’s liquid phase deposition (LPD) process, Natcore scientists filled the pores and then over-coated them with silicon dioxide. This combination step both coated and passivated, thereby allowing lower reflectance. After the surface treatments were completed, the wafers were taken to the State of Ohio’s Photovoltaic Research and Development Center at the University of Toledo, where the reflectance was measured.

This is the latest milestone in Natcore’s drive to improve the performance of solar cells. Conventional cells, with antireflective coatings made via a chemical vapor deposition process that requires a high-temperature vacuum furnace and hazardous gases, have a reflectance of about 4%. With black silicon, the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) lowered the number below 2%. Now Natcore’s technology has reduced it to 0.3%, or virtually zero. “Absolute black is to reflected light as absolute zero is to heat.” says Dr. Dennis Flood, Natcore’s Chief Technology Officer. “And getting close to zero reflectance with a process that we can use for the production of commercial solar cells is simply astounding.”

Natcore was recently granted an exclusive license by NREL to develop and commercialize a line of black silicon products based on NREL patents. Natcore’s reflectance accomplishment came about as a natural part of its work associated with that license.

“We are already working with two equipment manufacturers to design a production tool,” says Natcore President and CEO Chuck Provini. “The tool would make 2,000 black silicon wafers per hour. We’ll establish other parameters in our lab. When the design is completed, we’ll take orders for the tool. We have already begun talking with potential customers in Italy, China and India.”`

“This latest achievement further strengthens our position as the sole provider of the best antireflection control technology available to silicon solar cell manufacturers,” adds Provini.

William Farris, NREL’s Vice President of Commercialization & Technology Transfer, says “NREL has a long history of working with companies to move renewable energy technologies to the market. We’re encouraged and gratified at Natcore’s success as it relates to our commercial license agreement for NREL’s black silicon technology.”

 

Natcore Technology Becomes Case Study At Harvard Business School

Red Bank, N.J. — (March 21, 2024) —Natcore Technology Inc. (TSX-V; NXT; NTCXF.PK), the solar technology company with a joint venture in Zhuzhou City, China, and with ongoing discussions with other Chinese manufacturers, has become the subject of a case study at Harvard Business School.Designed for the course “Doing Business in China,” the case is intended to facilitate class study around joint venture investment in China and comparative industrial policy, particularly in the clean tech area. The course is taught by Dr. Regina M. Abrami, Senior Fellow, Asian Business and Globalization.Named “Journey to the East: Natcore Technology in China,” the case provides a comprehensive examination of Natcore’s joint venture and how it came into existence. The topics included Natcore’s history and technology; Natcore’s decision to finance their growth without the use of venture capitalists; China’s energy statistics; major differences in industrial policies of the U.S. and China; and how Natcore is protecting its intellectual property.

The case was developed by Dr. Abrami and was based on a series of interviews with Natcore President/CEO Chuck Provini. It was first presented by Dr. Abrami to Harvard students on February 9, with Mr. Provini in attendance. At that class, Dr. Abrami led the case discussion and then turned the floor over to Mr. Provini to reflect on student comments and to answer questions.

“As I expected, I met exceptional students.” says Natcore President/CEO Chuck Provini. “This class could be a valuable source of future Natcore executives.” “We were grateful to have an opportunity to study this important venture in one of China’s fastest growing sectors,” says Dr. Abrami.

The Natcore case study should be available soon at http://hbsp.harvard.edu/product/cases.

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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.

 

NREL to Invest With Natcore in $150,000 Black Silicon Research Project

Red Bank, NJ - (March 13, 2024) - Following the granting of their exclusive licensing agreement with National Renewable Energy Laboratory, Natcore Technology Inc. (TSX-V: NXT; NTCXF.PK) has entered a Cooperative Research & Development Agreement with NREL. Under the terms of the CRADA, Natcore and NREL would work together to reach two goals:1. Reduce solar cell costs by 2%-3%, and;
2. Increase solar panel energy output from 3% to 10% over the course of a day without the aid of a solar tracking mechanism.These goals would be accomplished by combining Natcore’s patented liquid phase deposition (LPD) technology with NREL’s technologies for creating a black silicon antireflective layer integrated into high-efficiency solar cells. The feasibility of the combined technologies working together has already been demonstrated in an earlier Natcore/NREL effort that produced a cell with 16.5% efficiency.

NREL holds the world record for a cell made with black silicon at 18.6% but they had to make it using a passivation technology that requires thermal oxidation. Natcore will replace that cumbersome step with its LPD oxide process. The combination of the two technologies could significantly exceed NREL’s record cell efficiency.

Under the terms of the CRADA, the parties will spend $150,000 to reach the stated goals. That amount may be increased if both parties so agree. The initial CRADA has a duration of one year.

“Our technology will create a new American industry,” says Natcore President and CEO Chuck Provini. “We’ve been trying for two years to get financial support from the Department of Energy. This is a meaningful first step.”

NREL is the U.S. Department of Energy’s primary national laboratory for renewable energy and energy efficiency research and development. NREL is operated for DOE by the Alliance for Sustainable Energy LLC.

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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 Opens Solar Research Center in Kodak’s Business Park

Lab will accelerate development of black silicon solar cells,tandem solar cells, and flexible solar cells.

Red Bank, NJ - (March 2, 2024) -In a ribbon-cutting ceremony at Kodak’s Eastman Business Park, Natcore Technology Inc. (TSX-V: NXT; NTCXF.PK) has formally opened its Research and Development Center in Rochester, NY. The Center is located in Building 308 of the Park.

The ceremonial scissors were wielded by Congresswoman Louise Slaughter, who was instrumental in attracting Natcore to Rochester; Mike Alt, Director of Eastman Business Park; and Chuck Provini, Natcore President/CEO. The event was also attended by area political leaders and by members of the Rochester business and professional investment communities.

The R&D Center will enable Natcore to accelerate its development of applications based on the company’s proprietary liquid phase deposition (LPD) technology. At present, its most promising applications are flexible solar cells, which would halve the cost of producing solar energy; super-efficient tandem cells, which would double the power output of today’s most efficient commercial solar cells; and black silicon solar cells, which would produce a significantly greater amount of energy (KwHrs) on a daily basis than will the industry’s standard solar cells.

The Natcore facility houses a laboratory/clean room, a gowning room, administration offices and a warehouse. The Class ISO 7 clean room uses positive air pressure and a series of filters to eliminate 90% of environmental pollutants (e.g., dust, airborne microbes, aerosol particles and chemical vapors) from outside air. Employees enter and leave through airlocks , and wear protective clothing such as caps, facemasks, gloves, booties and coveralls.

But the centerpiece is AR-BoxTM, Natcore’s intelligent LPD processing station for growing an antireflective (AR) coating on silicon wafers in the process of manufacturing solar cells. It will be the primary tool in the development and commercialization of Natcore’s new technologies. This SUV-sized device is a research version of the AR-Box production model, which will be fully automated and substantially larger.

Natcore’s R&D Center will be staffed initially by 10-12 people. Two former Kodak employees-chemical engineering technicians Richard Topel, Jr. and Ted Zubil-have already begun working there, and two senior scientists are moving from Natcore’s Ohio State facility. Dr. Dennis Flood, Natcore’s Chief Technology Officer, will continue to interview chemists and chemical engineers, electrical engineers, materials scientists, and technicians to fill the remaining jobs.

The facility was built and equipped at a cost of nearly $1 million.

Natcore had been conducting its research at Ohio State and Rice Universities. That work will now be consolidated in Rochester, although Natcore will continue its funded joint research program with the Barron Group at Rice. New applications generated at Rice will be moved to Rochester for development and commercialization. The Columbus facility will be closed.

“We’re still looking for a site and partners to develop and manufacture flexible solar cells and other applications,” says Provini. “Eastman Business Park is being considered, as are overseas locations. Manufacturers from China, India and Italy sent delegations to visit us in February. Like Kodak, they all have extensive experience in manufacturing roll-to-roll photo film. The final decision in this case will rest on the availability of funding.”

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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.