RED BANK,
N.J., June 12, 2014 /CNW/ - "Now that our black
silicon has been demonstrated to be commercially viable in a solar
cell production line, we plan to take quick advantage of this
momentum," says Chuck Provini, president and CEO of
Natcore Technology Inc. (TSX-V: NXT; NTCXF.PK). "We want it
to quickly achieve its full potential."
So Natcore has engaged the Fraunhofer Institute for Solar Energy
Systems to augment what Natcore has accomplished in its own R&D
Center and in the Chinese factory of one of the world's largest
photovoltaic manufacturers. "We've been building a head of steam,"
says Provini. "We want to capitalize on it. We want to accelerate
the delivery of black silicon's benefits —low cost, higher light
absorption, higher efficiency — to the marketplace."
Based in Freiburg, Germany, Fraunhofer ISE conducts
research on the technology needed to supply energy efficiently and
on an environmentally sound basis. To this purpose, the Institute
develops systems, components, materials and processes in the area
of solar energy. The Institute's work ranges from fundamental
scientific research relating to solar energy applications, through
the development of production technology and prototypes, to the
construction of demonstration systems. The Institute plans, advises
and provides know-how and technical facilities as services.
Fraunhofer's initial work for Natcore will focus on solar cell
passivation and efficiency of solar cells with black silicon
surfaces. While Natcore has developed and patented novel
passivation techniques, Fraunhofer will determine the effect of
each of these, for example, on a cell's performance and production
cost.
"In our recent test at a major Chinese solar cell production
facility, we achieved an efficiency of 15.7% on our first trial.
The technical staff at that facility said they were very impressed
with that result. Conventional cells made in a similar industrial
process do have efficiencies in the range of 17% to 19%. But
considering the results of this first attempt, the Chinese
engineers feel that we could easily push our black cell efficiency
into the high teens," says Provini.
"We want to overdeliver on that promise. We want black silicon
to be all that it can be."
Dr. David
Levy, Director of Research & Technology, will be
Natcore's Project Manager. Under the terms of the agreement with
Fraunhofer, Natcore's intellectual property will be protected.
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.
Contact: Chuck
Provini
732-576-8800
Info@natcoresolar.com
www.natcoresolar.com
SOURCE Natcore Technology Inc.