Natcore
Technology Develops Breakthrough Solar Cell Structure
Low-Cost Structure May Eliminate Silver;
Shows Clear Path Toward Ultra-High Efficiency
ROCHESTER,
N.Y., July 9, 2015 /CNW/ - Scientists working in the Rochester R&D Center
of Natcore Technology Inc. (TSX-V: NXT;
NTCXF.PK) have developed a new solar cell structure that will
simplify the production process, significantly lower costs, and speed the path
toward ultra high-efficiency cells.
Importantly,
the new cell structure has the potential to completely eliminate high-cost
silver from mass-manufactured silicon solar cells - an achievement that has been a long-time goal of solar science.
Natcore’s
new cell is an advancement of the silicon heterojunction (SHJ) cell structure
that other researchers have used to achieve world-record silicon solar cell efficiencies.
Natcore’s
adaptation offers key advantages over previous SHJ cells:
|
|
|
|
|
|
•
|
The
new cell structure - which can be achieved only through Natcore’s proprietary
laser processing technology - may allow for the complete elimination of silver from the finished silicon solar cell.
|
|
|
|
|
|
|
•
|
With
silver contributing approximately 30% to the cost of a silicon solar cell,
this achievement alone would slash production costs.
|
|
|
|
|
|
|
•
|
Natcore’s
laser processing techniques allow for further simplification of the
production process, projecting to a cost-per-watt far lower than any solar
cells available today.
|
|
|
|
|
|
|
•
|
Natcore’s
early first-generation research cells using this new structure are already
producing efficiencies near today’s common commercial cells. With better
materials and further refinements that are in progress, the new cells show a
clear technical path to efficiencies substantially greater than current
commercial cells.
|
|
|
|
|
|
|
•
|
The new cell structure opens the door to further cost
savings and production simplification through a novel packaging approach that
Natcore is also pursuing as part of its development program.
|
Natcore’s
advisors have recommended minimum efficiency and other technical benchmarks
before the company approaches industry for licensing of its technology. The
first generation cells using this revolutionary new structure have surpassed
all of these benchmarks and Natcore will now begin soliciting license agreements.
Parallel
to its commercialization efforts, Natcore will continue to refine and improve
its SHJ cells at its lab facilities in the Eastman Business Park, and will also
leverage its relationships
with leading independent laboratories to improve its technology.
In
addition, Natcore’s scientists are currently working toward a second generation
of its new structure that will employ no silver at all and thereby validate
this very important
advantage.
Natcore’s
new cell is an all-back-contact heterojunction structure using thin amorphous
silicon layers in combination with a standard crystalline silicon solar wafer.
The cell could utilize a novel packaging approach in which a flex circuit is
directly bonded to multiple, small contact pads by high-speed laser fusion.
This
integrated approach has two major advantages. First, it eliminates front
surface contacts, which are costly and block some incoming light. Secondly, the
cell-to-module packaging
can be accomplished with low-cost, alignment-tolerant bonding.
“While
we’re completing our patent submission, we’re hesitant to give more details
about the new structure,” said Dr. David Levy, Natcore’s Director of Research
and Technology. “All of our tests to date demonstrate that we’re on the optimum
path toward very high efficiencies with manufacturing solutions that are low
cost and do not require
complex process equipment.”
“Practical
photovoltaic solar cells have been around for 60 years,” says Dr. Charlie Gay,
former Director of the National Renewable Energy Lab (NREL) and a member of Natcore’s
Science Advisory Board. “But Natcore scientists have taken a lot of known
pieces and assembled them in new and different ways. They’ve taken basic concepts and
made them manufacture by using low-cost materials and simplifying production
methods.”
About Natcore Technology
Natcore
Technology is focused on using its proprietary nanotechnology discoveries to
enable a variety of compelling applications in the solar industry.
Specifically, the company is advancing applications in laser processing, black silicon
and quantum-dot solar cells to significantly lower the costs and improve the
power output of solar cells. With 59 patents (24 granted and 35 pending)
Natcore is on the leading edge of solar research. www.natcoresolar.com
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
(585) 286-9180
Info@NatcoreSolar.com
SOURCE
Natcore Technology Inc.
%SEDAR:
00026055E
CO: Natcore Technology Inc.
CNW
11:11e 10-JUL-15
Natcore
Technology Develops Breakthrough Solar Cell Structure
Low-Cost
Structure May Eliminate Silver; Shows Clear Path Toward Ultra-High Efficiency
ROCHESTER,
N.Y., July 9, 2015 /CNW/ - Scientists working in the Rochester R&D Center
of Natcore Technology Inc. (TSX-V: NXT;
NTCXF.PK) have developed a new solar cell structure that will
simplify the production process, significantly lower costs, and speed the path
toward ultra high-efficiency cells.
Importantly,
the new cell structure has the potential to completely eliminate high-cost
silver from mass-manufactured silicon solar cells - an achievement that has been a long-time goal of solar science.
Natcore’s
new cell is an advancement of the silicon heterojunction (SHJ) cell structure
that other researchers have used to achieve world-record silicon solar cell efficiencies.
Natcore’s
adaptation offers key advantages over previous SHJ cells:
|
|
|
|
|
|
•
|
The new cell structure - which can be achieved only
through Natcore’s proprietary laser processing technology - may allow for the
complete elimination of silver
from the finished silicon solar cell.
|
|
|
|
|
|
|
•
|
With silver contributing approximately 30% to the cost
of a silicon solar cell, this achievement alone would slash production costs.
|
|
|
|
|
|
|
•
|
Natcore’s laser processing techniques allow for
further simplification of the production process, projecting to a
cost-per-watt far lower than any solar cells available today.
|
|
|
|
|
|
|
•
|
Natcore’s early first-generation research cells using
this new structure are already producing efficiencies near today’s common
commercial cells. With better materials and further refinements that are in
progress, the new cells show a clear technical path to efficiencies
substantially greater than current commercial cells.
|
|
|
|
|
|
|
|
|
|
|
•
|
The new cell structure opens the door to further cost
savings and production simplification through a novel packaging approach that
Natcore is also pursuing as part of its development program.
|
Natcore’s
advisors have recommended minimum efficiency and other technical benchmarks
before the company approaches industry for licensing of its technology. The
first generation cells using this revolutionary new structure have surpassed
all of these benchmarks, and Natcore will now begin soliciting license agreements.
Parallel
to its commercialization efforts, Natcore will continue to refine and improve
its SHJ cells at its lab facilities in the Eastman Business Park, and will also
leverage its relationships
with leading independent laboratories to improve its technology.
In
addition, Natcore’s scientists are currently working toward a second generation
of its new structure that will employ no silver at all and thereby validate
this very important
advantage.
Natcore’s
new cell is an all-back-contact heterojunction structure using thin amorphous
silicon layers in combination with a standard crystalline silicon solar wafer.
The cell could utilize a novel packaging approach in which a flex circuit is
directly bonded to multiple, small contact pads by high-speed laser fusion.
This
integrated approach has two major advantages. First, it eliminates front
surface contacts, which are costly and block some incoming light. Secondly, the
cell-to-module packaging
can be accomplished with low-cost, alignment-tolerant bonding.
“While
we’re completing our patent submission, we’re hesitant to give more details
about the new structure,” said Dr. David Levy, Natcore’s Director of Research
and Technology. “All of our tests to date demonstrate that we’re on the optimum
path toward very high efficiencies with manufacturing solutions that are low
cost and do not require
complex process equipment.”
“Practical
photovoltaic solar cells have been around for 60 years,” says Dr. Charlie Gay,
former Director of the National Renewable Energy Lab (NREL) and a member of Natcore’s
Science Advisory Board. “But Natcore scientists have taken a lot of known
pieces and assembled them in new and different ways. They’ve taken basic concepts and
made them manufacture by using low-cost materials and simplifying production
methods.”
About Natcore Technology
Natcore
Technology is focused on using its proprietary nanotechnology discoveries to
enable a variety of compelling applications in the solar industry.
Specifically, the company is advancing applications in laser processing, black
silicon and quantum-dot solar cells to significantly lower the costs and
improve the power output of solar cells. With 59 patents (24 granted and 35
pending) Natcore is on the leading edge of solar research. www.natcoresolar.com
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 wll 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 wth 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
(585) 286-9180
Info@NatcoreSolar.com
To view
the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/natcore-technology-develops-breakthrough-solar-cell-structure-300110833.html
SOURCE
Natcore Technology Inc.
%SEDAR:
00026055E
CO: Natcore Technology Inc.
CNW
08:00e 09JUL-15
NEWS RELEASE
Contact: Chuck Provini
(585)286-9180
Info@NatcoreSolar.com
Natcore
Technology Develops
Breakthrough
Solar Cell Structure
Low-Cost
Structure May Eliminate Silver;
Shows Clear Path Toward Ultra-High
Efficiency
Rochester, NY — (July 9, 2015) — Scientists
working in the Rochester R&D Center of Natcore
Technology Inc. (TSX-V: NXT; NTCXF.PK) have developed a new solar
cell structure that will simplify the production process, significantly
lower costs, and speed the path toward ultra high-efficiency cells.
Importantly, the new cell structure has the potential
to completely eliminate high-cost silver
from mass-manufactured silicon solar cells – an achievement that has been a
long-time goal of solar science.
Natcore’s new cell is an
advancement of the silicon heterojunction (SHJ) cell structure that other
researchers have used to achieve world-record silicon solar cell efficiencies.
Natcore’s adaptation offers key advantages over
previous SHJ cells:
|
|
|
|
|
|
•
|
The new cell structure – which
can be achieved only through Natcore’s proprietary laser processing
technology – may allow for the complete elimination of silver from the
finished silicon solar cell.
|
|
|
|
|
|
|
•
|
With silver contributing
approximately 30% to the cost of a silicon solar cell, this achievement
alone would slash production costs.
|
|
|
|
|
|
|
•
|
Natcore’s laser processing
techniques allow for further simplification of the production process,
projecting to a cost-per-watt far lower than any solar cells available today.
|
|
|
|
|
|
|
•
|
Natcore’s early first-generation research cells
using this new structure are already producing
efficiencies near today’s common commercial cells. With better materials and further
refinements that are in progress, the new cells show a clear technical path
to efficiencies substantially greater than current commercial cells.
|
|
|
|
|
|
|
•
|
The new cell structure opens the door to further
cost savings and production simplification
through a novel packaging approach that Natcore is also pursuing as part of
its development program.
|
Natcore’s advisors have recommended minimum efficiency
and other technical benchmarks before the
company approaches industry for licensing of its technology. The first
generation cells using this revolutionary new structure have surpassed all of
these benchmarks, and Natcore will now begin soliciting license agreements.
Parallel to its
commercialization efforts, Natcore will continue to refine and improve its SHJ
cells at its lab facilities in the Eastman Business Park, and will also
leverage its relationships with leading independent laboratories to improve its
technology.
In addition, Natcore’s
scientists are currently working toward a second generation of its new
structure that will employ no silver at all and thereby validate this very
important advantage.
Natcore’s new cell is an
all-back-contact heterojunction structure using thin amorphous silicon
layers in combination with a standard crystalline silicon solar wafer. The cell
could utilize a novel packaging approach in which a flex circuit is directly
bonded to multiple, small contact pads by high-speed laser fusion.
This integrated approach has two major advantages.
First, it eliminates front surface contacts,
which are costly and block some incoming light. Secondly, the cell-to-module packaging
can be accomplished with low-cost, alignment-tolerant bonding.
“While we’re completing our
patent submission, we’re hesitant to give more details about the new
structure,” said Dr. David Levy, Natcore’s Director of Research and Technology.
“All of our tests to date demonstrate that we’re on the optimum path
toward very high efficiencies with manufacturing solutions that are low cost
and do not require complex process equipment.”
“Practical photovoltaic solar
cells have been around for 60 years,” says Dr. Charlie Gay, former
Director of the National Renewable Energy Lab (NREL) and a member of Natcore’s
Science Advisory Board. “But Natcore scientists have taken a lot of known pieces and assembled them in new and different
ways. They’ve taken basic concepts and made them manufacturable by using
low-cost materials and simplifying production methods.”
About Natcore Technology
Natcore Technology is focused on
using its proprietary nanotechnology discoveries to enable a variety of
compelling applications in the solar industry. Specifically, the company is advancing applications in laser
processing, black silicon and quantum-dot solar cells to significantly lower
the costs and improve the power output of solar cells. With 59 patents
(24 granted and 35 pending) Natcore is on the leading edge of solar research. www.NatcoreSolar.com
#####
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.
Form
51-102F3
Material Change Report
PART
1 GENERAL INSTRUCTIONS AND INTERPRETATION
(a)
Confidentiality
If
this Report is filed on a confidential basis, state in block capitals
“CONFIDENTIAL” at the beginning of the Report.
(b) Use
of “Company”
Wherever
this Form uses the word “company” the term includes other types of business
organizations such as partnerships, trusts and other unincorporated business
entities.
(c)
Numbering and Headings
The
numbering, headings and ordering of the items included in this Form are
guidelines only. You do not need to include the headings or numbering or follow
the order of items in this Form. Disclosure provided in response to any item
need not be repeated elsewhere.
(d)
Defined Terms
If
a term is used but not defined in this Form, refer to Part 1 of National
Instrument 51-102 and to National Instrument 14-101 Definitions. If a term is used in this Form and is defined
in both the securities statute of a local jurisdiction and in National
Instrument 51-102, refer to section 1.4 of Companion Policy 51-102CP.
(e)
Plain Language
Write
the Report so that readers are able to understand it. Consider both the level
of detail provided and the language used in the document. Refer to the plain
language principles listed in section 1.5 of Companion Policy 51-102CP. If you
use technical terms, explain them in a clear and concise manner.
PART
2 CONTENT OF MATERIAL CHANGE REPORT
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Item 1
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Name and Address of Company
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Natcore Technology Inc.
189 N. Water Street
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Rochester, New Jersey, 14604-1163 USA
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Item 2
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Date of Material Change
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July 22, 2015
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Item 3
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News Release
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A news release was disseminated on July 22, 2015
through the facilities of Stockwatch.
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Item 4
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Summary of Material Change
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The Company has been
approved to trade on OTCQB, an over-the-counter marketplace organized for
venture-stage or early-stage companies.
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Item 5
|
Full
Description of Material Change
|
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Natcore has been
approved to trade on OTCQB, an over-the-counter marketplace organized for
venture-stage or early-stage companies.
|
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|
|
|
|
This is an upgrade from
OTC Pink (the “pink sheets”), where Natcore had previously traded. To be
quoted on OTC Pink, companies are not required to file with the SEC. But on
June 2, Natcore announced that it had become fully reporting with the SEC, a
prerequisite to being upgraded to OTCQB. On the OTCQB, Natcore’s trading
symbol will continue to be NTCXF, as it was on OTC Pink.
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Item 6
|
Reliance on subsection 7.1(2) or
(3) of National Instrument 51-102
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This Report is not being filed on a confidential
basis in reliance on subsection 7.1(2) or (3) of National Instrument 51-102.
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Item 7
|
Omitted Information
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No information has been omitted on the basis that it
is confidential information.
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Item 8
|
Executive Officer
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Charles Provini is knowledgeable about the material
change and the Report and may be contacted (585) 286-9182
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Item 9
|
Date of Report
|
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July 24, 2015
|
NEWS RELEASE 15410.7
Contact:
Chuck Provini
(585) 286-9180
Info@natcoresolar.com
Natcore Technology Begins
Trading on OTCQB
Rochester,
NY — (July 22, 2015) —Natcore Technology Inc.
(TSX-V: NXT; OTCQB: NTCXF; DAX: 8NT) has been approved to trade on OTCQB,
an over-the-counter marketplace organized for venture-stage or early-stage
companies.
This is an upgrade from OTC
Pink (the “pink sheets”), where Natcore had previously
traded. To be quoted on OTC Pink, companies are not required to file
with the SEC. But on June 2, Natcore announced that it had become fully
reporting with the SEC, a prerequisite to being upgraded to OTCQB.
On the
OTCQB, Natcore’s trading symbol will continue to be NTCXF, as it was on OTC Pink.
“The
U.S. is the largest financial market in the world,” says Chuck Provini,
Natcore’s president and CEO. “The OTCQB alone puts us in a marketplace where there were $63 billion in trades last
year. We remain listed on the Toronto
Venture Exchange (TSX-V), where there were $15 billion in trades in 2014.
Combined, the two will offer Natcore investors outstanding liquidity and trade
execution.”
American investors can now
follow Natcore on http://www.otcmarkets.com/stock/NTCXF/quote, where share prices are quoted in U.S. dollars. On TSX-V, they are quoted
in Canadian dollars.
OTC Markets Group Inc.
organizes securities into marketplaces to distinguish
levels of opportunity and risk: OTCQX, which it calls “The Best Marketplace
with Qualified Companies”; OTCQB, positioned as “The Venture Stage Marketplace
with U.S. Reporting Companies”; and OTC Pink,
described as “The Open Marketplace with Variable Reporting Companies.”
Natcore
was organized in August 2007. The company went public in May 2009 on the Toronto Venture Exchange (TSX-V).
In June 2013, the company also became listed
on the Quotation Board of the Frankfurt Stock Exchange, where its symbol
is 8NT.
About Natcore Technology
Natcore Technology is
focused on using its proprietary nanotechnology discoveries to enable a variety
of compelling applications in the solar industry. Specifically, the company is
advancing applications in laser processing,
black silicon and quantum-dot solar cells to significantly lower the costs and
improve the power output of solar cells. With 59 patents (24 granted and
35 pending) Natcore is on the leading edge of solar research.
www.NatcoreSolar.com
# # # # #
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 Begins Trading on OTCQB
ROCHESTER,
N.Y., July 22, 2015 /CNW/ -- Natcore
Technology Inc. (TSX-V: NXT; OTCQB: NTCXF; DAX: 8NT) has been
approved to trade on OTCQB, an over-the-counter marketplace organized for venture-stage or early-stage companies.
This is
an upgrade from OTC Pink (the “pink sheets”), where Natcore had previously
traded. To be quoted on OTC Pink, companies are not required to file with the SEC. But on June 2,
Natcore announced that it had become fully reporting with the SEC, a
prerequisite to being upgraded to OTCQB.
On the
OTCQB, Natcore’s trading symbol will continue to be NTCXF, as it was on OTC
Pink.
“The
U.S. is the largest financial market in the world,” says Chuck Provini,
Natcore’s president and CEO. “The OTCQB alone puts us in a marketplace where there were $63 billion in
trades last year. We remain listed on the Toronto Venture Exchange (TSX-V),
where there were $15 billion in trades in 2014. Combined, the two will offer Natcore investors
outstanding liquidity and trade execution.”
American
investors can now follow Natcore on http://www.otcmarkets.com/stock/NTCXF/quote,
where share prices are quoted in U.S. dollars. On TSX-V, they are quoted in Canadian dollars.
OTC
Markets Group Inc. organizes securities into marketplaces to distinguish levels
of opportunity and risk: OTCQX, which it calls “The Best Marketplace with
Qualified Companies”; OTCQB, positioned as “The Venture Stage Marketplace with
U.S. Reporting Companies”; and OTC Pink, described as “The Open Marketplace with Variable Reporting
Companies.”
Natcore
was organized in August 2007. The company went public in May 2009 on the
Toronto Venture Exchange (TSX-V). In June 2013, the company also became listed on the Quotation Board of the
Frankfurt Stock Exchange, where its symbol is 8NT.
About Natcore Technology
Natcore
Technology is focused on using its proprietary nanotechnology discoveries to
enable a variety of compelling applications in the solar industry.
Specifically, the company is advancing applications in laser processing, black
silicon and quantum-dot solar cells to significantly lower the costs and
improve the power output of solar cells. With 59 patents (24 granted and 35
pending), Natcore is on the leading edge of solar research. www.NatcoreSolar.com
Stat ements 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 stat ements 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 t echnology history. There can be no assurance t hat
such forward-look ing statements will prove to be accurate, as actual results
and future events could differ mat erially 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 incorporat ed by reference herein.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that t erm is defined in the policies of the
TSX Venture Exchange) accepts responsibility f or the adequacy or
accuracy of this release.
Contact:
Chuck Provini
(585)
286-9180
Info@natcoresolar.com
To view
the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/natcore-technology-begins-trading-on-otcqb-300117047.html
SOURCE
Natcore Technology Inc.
%SEDAR:
00026055E
CO: Natcore Technology Inc.
CNW
10:25e 22-JUL-15
Form
51-102F3
Material Change Report
PART
1 GENERAL INSTRUCTIONS AND INTERPRETATION
(a) Confidentiality
If
this Report is filed on a confidential basis, state in block capitals
“CONFIDENTIAL” at the beginning of the Report.
(b) Use of “Company”
Wherever
this Form uses the word “company” the term includes other types of business
organizations such as partnerships, trusts and other unincorporated business
entities.
(c) Numbering and Headings
The
numbering, headings and ordering of the items included in this Form are
guidelines only. You do not need to include the headings or numbering or follow
the order of items in this Form. Disclosure provided in response to any item
need not be repeated elsewhere.
(d) Defined Terms
If
a term is used but not defined in this Form, refer to Part 1 of National
Instrument 51-102 and to National Instrument 14-101 Definitions. If a term is used in this Form and is defined
in both the securities statute of a local jurisdiction and in National
Instrument 51-102, refer to section 1.4 of Companion Policy 51-102CP.
(e) Plain Language
Write
the Report so that readers are able to understand it. Consider both the level
of detail provided and the language used in the document. Refer to the plain
language principles listed in section 1.5 of Companion Policy 51-102CP. If you
use technical terms, explain them in a clear and concise manner.
PART
2 CONTENT OF MATERIAL CHANGE REPORT
|
|
|
|
Item 1
|
Name and Address of Company
|
|
|
|
|
|
Natcore Technology Inc.
|
|
|
87 Maple Avenue, 1st Floor
|
|
|
Red Bank, New Jersey
|
|
|
07701
|
|
|
|
|
Item 2
|
Date of Material Change
|
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|
|
|
|
July 23, 2015
|
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Item 3
|
News
Release
|
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|
|
|
|
A news release was
disseminated on July 28, 2015 through the facilities of Stockwatch.
|
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|
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Item 4
|
Summary
of Material Change
|
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|
The Company has
completed the first tranche of its proposed non-brokered private placement,
as announced on July 20, 2015. Gross proceeds of $540,000.00 were raised
through the sale of 1,000,000 units at a price of $0.54 per unit.
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Item 5
|
Full
Description of Material Change
|
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|
1,000,000 units were
sold in the first tranche of the private placement for gross proceeds of
$540,000.00. Each unit comprised one common share and one share purchase
warrant. Each warrant entitles the holder to purchase of a further common
share at $0.74 for a period of three years.
|
|
|
|
|
|
All securities issued
in the initial tranche are subject to a hold period in Canada expiring on
November 24, 2015. Proceeds of the placement will be applied to further
development of Natcore’s technologies and general working capital.
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Item 6
|
Reliance
on subsection 7.1(2) or (3) of National Instrument 51-102
|
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This Report is not
being filed on a confidential basis in reliance on subsection 7.1(2) or (3)
of National Instrument 51-102.
|
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Item 7
|
Omitted
Information
|
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No information has been
omitted on the basis that it is confidential information.
|
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Item 8
|
Executive
Officer
|
|
|
|
|
|
Charles Provini is
knowledgeable about the material change and the Report and may be contacted
(732) 576-8800.
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Item 9
|
Date
of Report
|
|
|
|
|
|
July 29, 2015
|
NEWS RELEASE
Contact: Chuck
Provini
(585) 286-9180
Info@NatcoreSolar.com
Natcore Technology Closes First
Tranche
Of Private Placement
Rochester,
NY — (July 28, 2015) — Natcore Technology
Inc. (TSX-V: NXT; OTCQB: NTCXF) is pleased to announce it has completed
the first tranche of its proposed non-brokered private placement, as announced
on July 20, 2015. Gross proceeds of $540,000.00 were raised through the sale of
1,000,000 units at a price of $0.54 per unit. Each unit comprised one common
share and one share purchase warrant. Each warrant entitles the holder to
purchase of a further common share at $0.74 for a period of three years.
All
securities issued in the initial tranche are subject to a hold period in Canada
expiring on November 24, 2015. Proceeds of the placement will be applied to
further development of Natcore’s technologies and general working capital.
# # # # #
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.
Form 51-102F3
Material Change
Report
PART 1 GENERAL INSTRUCTIONS AND INTERPRETATION
(a) Confidentiality
If
this Report is filed on a confidential basis, state in block capitals
“CONFIDENTIAL” at the beginning of the Report.
(b) Use of “Company”
Wherever
this Form uses the word “company” the term includes other types of business
organizations such as partnerships, trusts and other unincorporated business
entities.
(c) Numbering and Headings
The
numbering, headings and ordering of the items included in this Form are
guidelines only. You do not need to include the headings or numbering or follow
the order of items in this Form. Disclosure provided in response to any item
need not be repeated elsewhere.
(d) Defined Terms
If
a term is used but not defined in this Form, refer to Part 1 of National
Instrument 51-102 and to National Instrument 14-101 Definitions. If a term is used in this Form and is defined
in both the securities statute of a local jurisdiction and in National
Instrument 51-102, refer to section 1.4 of Companion Policy 51-102CP.
(e) Plain Language
Write
the Report so that readers are able to understand it. Consider both the level
of detail provided and the language used in the document. Refer to the plain
language principles listed in section 1.5 of Companion Policy 51-102CP. If you
use technical terms, explain them in a clear and concise manner.
PART 2 CONTENT OF MATERIAL CHANGE REPORT
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Item 1
|
Name and
Address of Company
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|
|
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|
Natcore Technology
Inc.
|
|
|
87 Maple
Avenue, 1st Floor
|
|
|
Red Bank,
New Jersey
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|
|
07701
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|
|
|
|
Item 2
|
Date of
Material Change
|
|
|
|
|
|
July 31, 2015
|
|
|
|
|
Item 3
|
News Release
|
|
|
|
|
|
A
news release was disseminated on August 4, 2015 through the facilities of
Stockwatch.
|
|
|
|
|
Item 4
|
Summary of Material Change
|
|
|
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|
|
Natcore has completed the second and final tranche of its proposed
non-brokered private placement, as announced on July 20, 2015. Gross proceeds
of $443.880 were raised through the sale of 822,000 units at a price of $0.54
per unit.
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|
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Item 5
|
Full Description of Material Change
|
|
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|
An aggregate of 1,822,000 units were sold in both tranches of the
private placement for aggregate gross proceeds of $983,880. Each unit
comprised one common share and one share purchase warrant. Each warrant
entitles the holder to purchase of a further common share at $0.74 for a
period of three years.
|
|
|
|
|
|
Aggregate finders fees of $39,690 in cash and 73,500 warrants, having
the same terms as the warrants issued in the private placement, were also
paid.
|
|
|
|
|
|
All securities issued in the final tranche are subject to a hold
period in Canada expiring on December 1, 2015. Proceeds of the placement will
be applied to further development of the Company’s technologies and general
working capital.
|
|
|
|
|
Item 6
|
Reliance on subsection 7.1(2) or (3) of National Instrument
51-102
|
|
|
|
|
|
This
Report is not being filed on a confidential basis in reliance on subsection
7.1(2) or (3) of National Instrument 51-102.
|
|
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|
|
Item 7
|
Omitted Information
|
|
|
|
|
|
No
information has been omitted on the basis that it is confidential
information.
|
|
|
|
|
Item 8
|
Executive Officer
|
|
|
|
|
|
Charles
Provini is knowledgeable about the material change and the Report and may be
contacted (732) 576-8800.
|
|
|
|
|
Item 9
|
Date of Report
|
|
|
|
|
|
August 4, 2015
|
NEWS RELEASE
Contact: Chuck
Provini
585-286-9180
Info@NatcoreSolar.com
Natcore Technology closes final tranche of private
placement
Rochester, NY — (August 4, 2015) — Natcore
Technology Inc. (TSX-V: NXT; NTCXF.PK) is pleased to announce it has
completed the second and final tranche of its proposed non-brokered private
placement, as announced on July 20, 2015. Gross proceeds of $443.880 were
raised through the sale of 822,000 units at a price of $0.54 per unit.
An aggregate of 1,822,000 units were sold in both tranches of the
private placement for aggregate gross proceeds of $983,880. Each unit comprised
one common share and one share purchase warrant. Each warrant entitles the
holder to purchase of a further common share at $0.74 for a period of three
years.
Aggregate finders fees of $39,690 in cash and 73,500 warrants, having
the same terms as the warrants issued in the private placement, were also paid.
All securities issued in the final tranche are subject to a hold period
in Canada expiring on December 1, 2015. Proceeds of the placement will be
applied to further development of the Company’s technologies and general
working capital.
# # # # #
This press release shall not constitute an
offer to sell or solicitation of an offer to buy the securities in any
jurisdiction. Neither the United States Securities and Exchange Commission
(“SEC”), the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) opines as to, nor
accepts responsibility for, the adequacy or accuracy of this release.
NEWS RELEASE 15402.9
Contact:
Chuck Provini
(585) 286-9180
Info@natcoresolar.com
Institutional Investor Commits
$10MM in Available Capital to Natcore Technology
Rochester, NY — (August 6,
2015) —Natcore Technology Inc. (TSX-V: NXT;
OTCQB: NTCXF; DAX: 8NT) is entering into an investment agreement in the amount of US$10 million with
Dutchess Opportunity Fund II.
During
the 36-month term of the agreement, Dutchess will be required, at the option of Natcore, to purchase up to $10
million of Natcore common stock. Natcore
will control the timing and amount of any share sales to Dutchess and a
minimum price of the common stock to be issued.
The
agreement is subject to receipt of all required regulatory approvals, including from the TSX Venture Exchange.
Under the agreement,
Dutchess is required to purchase Natcore shares at a discount of 5% from the market price of the shares on the OTCQB at the
time of each transaction. No commissions or compensation is to be paid by
Natcore as a result of signing the Agreement.
“Using an equity line
facility is a strategic way for Natcore to limit unnecessary dilution typically
associated with larger equity offerings,” says Chuck Provini, Natcore president
and CEO. “The amount of capital we can bring
in with each specific draw is directly tied to our market situation. If our stock
has a significant rise, we would have immediate access to capital. We can take
advantage of the upward momentum in our share price.”
“Furthermore, we’re able to
have some degree of control over the trading price. When we place a put (a
request to Dutchess to purchase shares at the market
price), we can set the floor price, so the shares never have to sell below the
threshold that we determine.” The minimum price specified by Natcore may not be lower than the maximum permitted
discount under the private placement rules of the TSX Venture Exchange.
The
maximum amount that can be raised in any single issuance will be the greater of
(i) US$200,000 or (ii) 200% of the product of the average daily volume of Natcore’s shares on the OTCQB for
the three trading days immediately preceding
the date of the draw notice and the average closing price of the shares
on the OTCQB over the same period.
A copy of the Agreement will
be filed electronically at www.sedar.com.
Dutchess Capital is an
investment manager that provides financing for public companies. Founded in 2000, Dutchess has been a global leader in Equity
Line Facilities and has transacted $2 billion in such financings
worldwide.
# # # # #
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.
This press release shall not constitute an offer to sell or
solicitation of an offer to buy the securities in any jurisdiction.
Neither the United States Securities and Exchange Commission (“SEC”), the TSX
Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX Venture
Exchange) opines as to, nor accepts responsibility for, the adequacy or
accuracy of this release.
Form 51-102F3
Material Change Report
|
|
|
|
Item 1
|
Name and Address of Company
|
|
|
|
|
|
Natcore
Technology Inc.
87 Maple Avenue, 1stFloor
Red Bank, New Jersey
07701
|
|
|
|
|
Item 2
|
Date of Material Change
|
|
|
|
|
|
August 18, 2015
|
|
|
|
|
Item 3
|
News Release
|
|
|
|
|
|
A news release was disseminated on August 18, 2015 through the
facilities of Marketwired.
|
|
|
|
|
Item 4
|
Summary of Material Change
|
|
|
|
|
|
Natcore has built an all-back contact silicon heterojunction cell
structure in which silver has been eliminated and replaced by aluminum.
|
|
|
|
|
Item 5
|
Full Description of Material Change
|
|
|
|
|
|
Natcore has built an all-back contact silicon heterojunction cell
structure in which silver has been eliminated and replaced by aluminum,
without loss of performance. Silver represents greater than 48% of the
metallization cost of an average solar cell or approximately 11% of the total
raw material cost of solar module. The current price of silver is
approximately $15.28 troy ounces, while the equivalent quantity of aluminum
is approximately $0.05, allowing for reduction in raw material costs.
|
|
|
|
|
|
Natcore’s novel design allows for aluminum to be easily substituted
for silver. Natcore scientists used their proprietary laser technology to
apply contacts to the rear of the cell as well as for other critical aspects
of the process
|
|
|
|
|
Item 6
|
Reliance on subsection 7.1(2) or (3) of
National Instrument 51-102
|
|
|
|
|
|
This Reportis not being filed on a confidential basis in reliance on
subsection 7.1(2) or (3) of National Instrument 51-102.
|
|
|
|
|
Item 7
|
Omitted Information
|
|
|
|
|
|
No information has been omitted on the basis that it is confidential
information.
|
|
|
|
|
Item 8
|
Executive Officer
|
|
|
|
|
|
Charles Provini is knowledgeable about the material change and the
Reportand may be contacted (732) 576-8800.
|
|
|
|
|
Item 9
|
Date of Report
|
|
|
|
|
|
August 18, 2015
|
Natcore
Technology Develops Solar Cell That Eliminates Use of Silver
Most Substantial
Improvements In 60 Years Continue Drive to Lower Cost of Solar Energy
ROCHESTER,
N.Y., Aug. 18, 2015 /CNW/ -- When Natcore
Technology Inc. (TSX-V: NXT; OTCQB: NTCXF) announced
the development of a breakthrough solar cell structure on July 9, they
indicated that the new low-cost configuration might allow for the elimination
of silver from mass-produced solar cells.
In
the intervening weeks, that long-time goal of solar scientists has been
achieved.
Working
in their Rochester R&D Center, Natcore scientists have built an
all-back-contact silicon heterojunction cell structure in which silver has been
completely eliminated. It has been replaced by aluminum.
This
substitution has been accomplished with no loss of performance.
When
sunlight hits a silicon cell, it generates electrons. Ever since practical
solar cells have been made about 60 years ago silver has been used as a
conductor to collect these electrons in order to form a useful electric
current. Silver was originally chosen for this role because it is a
high-conductivity metal. The average solar panel uses about one-half of an
ounce of silver.
Silver
represents >48% of the metallization cost of a solar cell, or about 11% of
the total raw material cost of a solar module.
The
cost saving realized by switching from silver to aluminum are important. That’s
because silver, while highly conductive, is also high-cost. At today’s prices,
silver costs about $15.28 per troy ounce. The same quantity of aluminum costs
$0.05, about 0.3% of the cost of silver.
Even
considering that it would be necessary to use twice as much aluminum as silver
in order to have an equal amount of conductivity from cell to cell, the raw
material cost of aluminum would still be just 0.6% of the direct material cost
of using silver in the cell.
Natcore’s
novel design allows for aluminum to be easily substituted for silver. Natcore
scientists used their proprietary laser technology to apply contacts to the
rear of the cell as well as for other critical aspects of the process.
“Within
the past month, our scientists have wrought historic changes in the
architecture and the economics of the solar cell,” says Chuck Provini, Natcore
president and CEO. “Solar cell manufacturers will no longer be subject to the
vagaries of the silver market. We are now able to produce solar cells at a
substantial cost savings thanks to improvements achievable by our proprietary
laser technology. We expect to file a provisional patent application within the
next two weeks.”
Roughly
1.5 million ounces of silver are currently required to generate 1 GW of solar
power. That demand translated into roughly 60 million ounces of silver in 2014,
or about 6% of the total demand for the metal. Before Natcore’s achievement,
that demand was projected to rise to 15% of the total market in 2018.
About Natcore Technology
Natcore Technology is focused on using its proprietary
nanotechnology discoveries to enable a variety of compelling applications in
the solar industry. Specifically, the company is advancing applications in
laser processing, black silicon and quantum-dot solar cells to significantly
lower the costs and improve the power output of solar cells. With 59 patents
(24 granted and 35 pending) Natcore is on the leading edge of solar research.
www.NatcoreSolar.com
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.
This press release
shall not constitute an offer to sell or solicitation of an offer to buy the
securities in any jurisdiction. Neither the United States Securities and
Exchange Commission (“SEC”), the TSX Venture Exchange, nor its Regulation
Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) opines as to, nor accepts responsibility for, the adequacy or
accuracy of this release.
Contact:
Chuck Provini
(585) 286-9180
Info@NatcoreSolar.com
To
view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/natcore-technology-develops-solar-cell-that-eliminates-use-of-silver-300129756.html
SOURCE
Natcore Technology Inc.
%SEDAR: 00026055E
CO: Natcore Technology Inc.
CNW 08:00e 18-AUG-15
Form 51-102F3
Material Change
Report
|
|
|
|
Item 1 |
Name and
Address of Company |
|
|
|
|
|
Natcore
Technology Inc.
87 Maple Avenue, 1stFloor
Red Bank, New Jersey
07701 |
|
|
|
|
Item 2 |
Date of Material Change |
|
|
|
|
|
August 18,
2015 |
|
|
|
|
Item 3 |
News Release |
|
|
|
|
|
A news
release was disseminated on August 17, 2015 through the facilities of Stock
watch. |
|
|
|
|
Item 4 |
Summary of Material Change |
|
|
|
|
|
Natcore has
entered into a consulting arrangement with a third party services which will
result in the issuance of 325,000 common shares at a price of $0.45 in
exchange for services rendered. |
|
|
|
|
Item 5 |
Full Description of Material Change |
|
|
|
|
|
See above
summary. |
|
|
|
|
Item 6 |
Reliance on subsection 7.1(2) or (3) of National Instrument 51-102 |
|
|
|
|
|
This Report
is not being filed on a confidential basis in reliance on subsection 7.1(2)
or (3) of National Instrument 51-102. |
|
|
|
|
Item 7 |
Omitted Information |
|
|
|
|
|
No
information has been omitted on the basis that it is confidential
information. |
|
|
|
|
Item 8 |
Executive Officer |
|
|
|
|
|
Charles
Provini is knowledgeable about the material change and the Report and may be
contacted (732) 576-8800. |
|
|
|
|
Item 9 |
Date of Report |
|
|
|
|
|
August 18,
2015 |
NEWS RELEASE
15418.1
Contact: Chuck Provini
(585) 286-9180
Info@NatcoreSolar.com
Natcore Technology Issues Shares To Consultant
Rochester, NY — (August 17,
2015) — In order to preserve their cash on hand, Natcore Technology entered into
a consulting arrangement with a third party services provider which provides
that Natcore will issue 325,000 common shares at a deemed price of $0.45 per
share in exchange for services rendered. The consulting arrangement is subject
to regulatory approval, including the approval of the TSX Venture Exchange.
# # # # #
This press release shall not constitute an offer to sell or
solicitation of an offer to buy the securities in any jurisdiction. Neither the
United States Securities and Exchange Commission (“SEC”), the TSX Venture
Exchange, nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) opines as to, nor accepts responsibility
for, the adequacy or accuracy of this release.
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