RED BANK, N.J., Nov. 12, 2014 /PRNewswire/ -- In response to
numerous requests from potential customers, Natcore
Technology (TSX-V: NXT; NTCXF.PK) has established a
"best of breed" program through which it would design, supervise
and build facilities to produce solar cells, solar panels and power
plants that integrate the best equipment with the newest proven
technology.
Natcore would serve on these projects as a consultant or general
contractor, hiring subcontractors and selecting the optimum
components, prices and quality available. Under this arrangement,
clients would benefit from the experience of Natcore and its
advisors with the major solar equipment manufacturers, and from
potential preferential advantages with these manufacturers due to
Natcore's technology.
Clients would also gain exclusive access, on a geographical
basis, to Natcore's newest technologies – including black silicon,
laser-processing and rear contact technology – as they come on
line.
"We call it 'best of breed' because we will select the best
equipment and the best technology in any given category," says
Chuck Provini, Natcore's president
and CEO. "If, for example, a laser is needed in a cell fab, we have
the experience to select the laser that best meets the client's
needs. If we're building a module factory or a power plant, we'll
select, integrate and optimize the most appropriate equipment and
components from a variety of producers. Because we are not
manufacturers, we have no bias as to which cells, panels or
manufacturing equipment to buy.
"We will take advantage of our status and experience to get the
best available price, quality and efficiency. Our relationships are
worldwide so we would not be restricted to any geographical
regions. Our work will carry warranties."
The projects acquired through this program will be managed by
Natcore's advisory board, which is headed by Dr. Daniele Margadonna. He has vast experience in
designing and building turnkey solar fabrication facilities.
One of the most renowned solar scientists in Europe, Dr.
Margadonna was Chief Technology Officer of MX Group, the holding
company of an Italian group with international exposure in the
solar photovoltaic industry. During his career, he has planned
and/or built PV plants in Italy,
Romania, Namibia, Norway, India, Switzerland and Sweden.
"We anticipate that clients acquired through this program will
also become future customers for new technology licenses and
chemical sales," says Provini. To market its program, Natcore has
already established a network of agents in South Africa, the
Philippines, Saudi Arabia,
India, Australia, Singapore and Angola.
"Because our turnkey projects will be overseen by Dr.
Margadonna, they will not distract from the R&D ongoing in our
Rochester labs," says Provini. "We're open for business."
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.
Contact: Chuck Provini
732-576-8800
info@NatcoreSolar.com
SOURCE Natcore Technology
