Program Would Focus on Development of Natcore's "Best
of Breed" Program
RED BANK, N.J., March 2, 2015 /CNW/ -- Natcore Technology
Inc. (TSX-V: NXT; NTCXF.PK) has signed a Memorandum of
Understanding with the Fraunhofer Institute for Solar Energy
(Fraunhofer ISE), under which the two organizations would cooperate
in developing solar energy projects for third party customers.
The Memorandum outlines how Natcore and Fraunhofer will work
together on various areas of solar energy technology, including but
not limited to:
- Consultancy and project management projects during ramp-up for
customers intending to enter the field of photovoltaic
production;
- Support of existing cell and module manufacturers who are
optimizing their production sites;
- Promotion of innovative technologies of Fraunhofer ISE and
Natcore;
- Structure joint venture research projects within the framework
of national funding programs.
Fraunhofer ISE is one of the 60 institutes of the
Fraunhofer-Gesellschaft. It is one of the most prominent
international research institutions in the field of renewable
energy materials, technology and systems. The
Fraunhofer-Gesellschaft is Europe's largest research institution, and is
the legal entity for Fraunhofer ISE.
On November 12, Natcore announced
that it had established a consulting service to provide unbiased
business and technical advice to potential new solar cell and solar
panel manufacturers and to established solar manufacturers wishing
to upgrade their facilities. As part of their service, Natcore will
recommend a "best of breed" selection of manufacturing equipment to
its clients, and will offer limited exclusivity to incorporate new
technology developed by Natcore into the client facilities when
such technology becomes available for commercial production.
"One of the most compelling features of our best of breed
program is exclusive access to our technology," says Natcore
President and CEO Chuck Provini.
"Our customers will be able to integrate our proprietary laser,
black silicon, germanium quantum dot, all-back contact and
all-low-temperature technologies into their production lines.
"And by teaming with Fraunhofer, we'll differentiate ourselves
from potential competitors even further," adds Provini. "We'll have
a very muscular program."
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
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/natcore-technology-teams-with-fraunhofer-ise-to-develop-international-solar-projects-300043483.html
SOURCE Natcore Technology Inc.
