Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Is there any chance that Garrett bought these shares directly from the company? i.e., provided that much cash to the treasury?
CannaRoyalty welcomes the transition of California into a full recreational adult-use cannabis market with the public market’s broadest disclosed exposure to California State Licenses
Kaya Management Inc., the manufacturer of Bhang® brand vaporizer products in California, has received California Temporary Cannabis Manufacturing License
CannaRoyalty investee entities have numerous license applications in process
Demand for recently commercialized Soul Sugar Kitchen™ products surged
Ottawa, Canada – January 2, 2018 – CannaRoyalty Corp. (CSE: CRZ) (OTCQX: CNNRF) (“CannaRoyalty” or the “Company”), today welcomed the January 1st transition of the California market to a full recreational adult-use framework. California is already the largest cannabis market in the world with annual sales of approximately US$2.8 billion in 2016.(1) It is expected to maintain its leading position globally, with sales forecast to grow to US$5.2 billion in 2018(2).
What has the Jordan Fund said about SIAF lately?
This way we don't get to vote on a buyout.
We just sit here and watch it happen.
Today's volume is already over 3 times
the shares outstanding!!
Looks to me like some form of a buyout at a price someone believes is a lowball once the true value of this company is known.
SIAF Response to UnderCurrent News:
http://www.sinoagrofood.com/sites/default/files/Tri-way_Status_Nov-2017.pdf
Are you dreaming??
Almost one million shares purchased yesterday.
Sit back.
Hold on.
We've been found.
Sound quality worst ever.
Ucore Announces CAD $2.5M Financing
July 31, 2017 – HALIFAX, NOVA SCOTIA – Ucore Rare Metals Inc. (TSXV:UCU) (OTCQX:UURAF) (“Ucore” or the “Company”) is pleased to announce that it has entered into a financing agreement with Orca Holdings, LLC of Alaska (“Orca”) to sell and leaseback from Orca its SuperLig®-One MRT Rare Earth Pilot Plant (the “Pilot Plant”).
Under the terms of the finance and leaseback agreement (the “Finance Agreement”), the Pilot Plant will be sold to Orca Holdings, LLC (“Orca”) for total proceeds to Ucore of CAD$2.5 million (USD$2 million) (the “Purchase Price”). Orca will subsequently lease the Pilot Plant to Ucore over a 3-year term at an annual lease rate of 15% (the “Term”). At the option of either party, the lease may be terminated upon the payout by Ucore of the Purchase Price at any time commencing the second year of the Term.
Further to the Finance Agreement, USD$1 million will be budgeted and set aside for payment to IBC Advanced Technologies of American Fork, Utah (“IBC”) for the balance outstanding under the joint venture agreement between IBC and Ucore to pursue rare earth separation, tailings processing and catalytic converter recycling applications (the “Joint Venture”) (see Ucore Press Release dated March 3, 2015). To date, Ucore has completed payments totaling $1.9M of the $2.9M required under the Joint Venture agreement.
“This is a non-dilutive financing arrangement which leverages a significant asset for go-forward development”, said Jim McKenzie, President & CEO of Ucore. “The Pilot Plant has an innovative modular design which can be modified for multiple purposes, whether at its existing location in Utah, or as the expandable framework for rare earth output in Alaska or elsewhere. We look forward to working with Orca to optimize and generate maximum value from this remarkable development platform.”
Closing of the foregoing transaction is subject to the approval of the TSX-Venture Exchange.
About Ucore
Ucore Rare Metals is a development-phase company focused on rare metals resources, extraction and beneficiation technologies with near term potential for production, growth and scalability. On March 3, 2015, Ucore announced the development of a joint venture with IBC for the deployment of SuperLig® Molecular Recognition Technology for REE and multi-metallic tailings processing applications in North America and associated world markets. The Company has a 100% ownership stake in the Bokan project. On March 31, 2014, Ucore announced the unanimous support of the Alaska State Legislature for the investment of up to USD $145 Million in the Bokan project at the discretion of the Alaska Import Development and Export Agency (“AIDEA”).
For further information, please contact Mr. Jim McKenzie, President and Chief Executive Officer of Ucore Rare Metals Inc. at: +1 (902) 482-5214 or visit <http://www.ucore.com>.
Cautionary Notes
This press release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities, research and development timelines, and events or developments that the Company expects, are forward looking statements. Forward looking statements in this press release include that we may enter into a long-term supply partnership and offtake relationship and the possibility of an independent North American REE supply chain. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes or setbacks, research and develop successes or setbacks, continued availability of financing, that we may not be able to reach agreements, that the product may not be suitable for intended uses, and general economic, market or business conditions.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined by the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Tri-way Industries Ltd. Raises Consumer Awareness
Media Extol APRAS Indoor Aquaculture; Highlight Product Quality
GUANGZHOU, China-- Sino Agro Food, Inc. (OTCQX: SIAF | OSE: SIAF-ME), a specialized investment company focused on protein food including seafood and cattle, announces recognition of its APRAS aquaculture technology and products of its former subsidiary, Tri-way Industries (“TW”), in which Sino Agro Food, Inc. holds a 36.6% ownership interest.
Earlier, the Company announced two very significant milestones in the ongoing development and build-out of TW; namely, a 5A-1 rating from Dun & Bradstreet (July 10, 2017 press release), and signing a Bank Enterprise Comprehensive Cooperation Agreement containing a credit facility of RMB 100 million with Agricultural Bank of China (July 17, 2017 press release). The press releases are found on our website:
http://sinoagrofood.investorroom.com/Tri-way_5A1 and
http://sinoagrofood.investorroom.com/TW-ABC_BECSCA
Now, Tri-way is proud to announce that its operations are gaining media recognition throughout the Guangdong province, a province whose Gross Domestic Product exceeds USD 1.2 trillion; the largest provincial GDP in mainland China.
Aquafarm 4 Prominently Featured in Two Television Broadcasts
A Zhongshan station recently aired the first in a series of news segments at TW’s Aquaculture Farm 4, highlighting it as one of a select few facilities that meet the highest government standards for food safety and sanitation in the production of live seafood. The APRAS technology produces chemical-free and antibiotic-free seafood, allowing for premium pricing of this coveted product line, both domestically and internationally.
Guangdong’s NanFang, a regional Chinese broadcast station covering an area of approximately 100 million people, aired a full edutainment program highlighting the APRAS technology, and including an interview with SIAF’s Chief Scientific Officer, Dr. Anthony Ostrowski. The show features several celebrity chefs examining the indoor tanks and later sampling silver cod, jade perch, mandarin fish, tilapia, sleepy cod, and salt water prawns.
These broadcasts as well as supporting material will be available shortly in the Tri-way section of Sino Agro Food’s web site: http://www.sinoagrofood.com/content/AF4_2017
CEO and CSO Commentary
Mr. Solomon Lee, interim Chairman of TW as well as Chairman and CEO of Sino Agro Food, Inc., expressed his sincere appreciation for the recent media coverage, adding, “our mission remains threefold; to produce great product, to market great product, and to distribute great product. TV stations such as ZSTV and NanFang TV allow us to reach their extensive viewing areas helping to broaden brand awareness and publicize the benefits of indoor farmed seafood. We believe on-going press coverage will further several aims:
Facilitate sell-through to consumers directly, through e-commerce, and from our wholesale customers,
Consolidate and extend premium pricing, and
Potentially broaden the footprint of Capital Award’s APRAS technology within China, and possibly into other Asian countries.”
SIAF Chief Scientific Officer Dr. Anthony Ostrowski offered additional perspective, “The ocean supply of seafood has remained stagnant since the mid-1980s while the demand worldwide, and especially in China is increasing rapidly. In addition, as more and more Chinese enter the middle class, specific demand for safe and sustainably produced seafood is rising quickly. Aquafarm 4 is a large-scale model for technologically advanced indoor and environmentally friendly aquaculture production of safe, high-quality, and healthy seafood. The farm already enjoys a competitive advantage for freshness, owing to its valuable location adjacent to Hong Kong and Macau, bordering Shenzhen and Guangzhou to the north, within 100 miles of tens of millions of people.
“Longer term plans call for the Zhongshan facility to produce well over 100,000 metric tons of prawns and fish annually. Likewise, Tri-way is working toward an integrated set of facilities and processes to become vertically integrated with respect to life cycle — from its own selectively-bred broodstock and in-house hatchery seed supplies through grow-out and sale — of genetically and environmentally controlled, biosecure and, ultimately, internationally certified sustainable seafood.”
About Sino Agro Food, Inc.
SIAF is a specialized investment company focused on protein food. The Company produces, distributes, markets, and sells sustainable seafood and beef to the rapidly growing middle class in China. Activities also include production of organic fertilizer and produce. SIAF is a global leader in developing land based recirculating aquaculture systems (“RAS”), and with its partners is the world's largest producer of sustainable RAS prawns.
Founded in 2006 and headquartered in Guangzhou, the Company had over 550 employees and revenue of USD 343 million in 2016. Operations are located in Guangdong, Qinghai, and Hunan provinces, and in Shanghai. Sino Agro Food is a public company listed on OTCQX U.S. Premier in the United States and on the Oslo Børs’ Merkur Market in Norway.
News and updates about Sino Agro Food, Inc., including key information, are published on the Company’s website (http://www.sinoagrofood.com), the Company’s Facebook page (https://www.facebook.com/SinoAgroFoodInc), and on twitter @SinoAgroFood.
Forward Looking Statements
This release may contain forward-looking statements relating to the business of SIAF and its subsidiary companies. All statements other than historical facts are forward-looking statements, which can be identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions. These statements involve risks and uncertainties that may cause actual results to differ materially from those anticipated, believed, estimated or expected. These risks and uncertainties are described in detail in our filings with the Securities and Exchange Commission. Forward-looking statements are based on SIAF’s current expectations and beliefs concerning future developments and their potential effects on SIAF. There is no assurance that future developments affecting SIAF will be those anticipated by SIAF. SIAF undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required under applicable securities laws.
Investor Relations
Peter Grossman
+1 (775) 901-0344
info@sinoagrofood.com
Todd Fromer / Elizabeth Barker
+1 (212) 896-1215 / +1 (212) 896-1203
SIAF@kcsa.com
Erik Ahl
Nordic Countries
+46 (0) 760 495 885
erik.ahl@sinoagrofood.com
To unsubscribe or change your settings click here:
http://sinoagrofood.investorroom.com/index.php?s=subscribe&code=uMtB3v8gi_sCZ9Mgbm_n8DBg8W08YDM
July 2017 Status of “AF3”
http://www.sinoagrofood.com/content/AF3_2017
Did yesterday's credit update trigger KCSA to begin contacting
institutions?
Here we go again.
20 minutes in, 4 million shares traded!
10 minutes in. 5 million shares traded!!
One minute into the day and over 1 million shares traded!!
I fully agree with you. This one is going to be BIG!!
As soon as a few big investors notice it.
UURAF Deserves some serious support.
But 5600 shares traded is inconsequential.
Ucore Consortium Wins USDOE
Bid for Rare Earths from Coal Industry
June 12, 2017 - HALIFAX, NOVA SCOTIA - Ucore Rare Metals Inc. (TSXV:UCU) (OTCQX:UURAF) ("Ucore" or the "Company") is pleased to announce that a strategic consortium organized to recover rare earth element ("REE") products from coal mining refuse in the United States (the "Consortium") has been selected by the US Department of Energy ("USDOE") for the receipt of funding to produce a saleable REE oxide from US coal tailings.
The Consortium has been awarded $US 1 million to source, beneficiate, concentrate, and separate REE from US-based coal mining refuse (the "Grant"). The metal separation and purification process will utilize Molecular Recognition Technology ("MRT"), an American clean energy technology.
The Consortium is comprised of Ucore in cooperation with IBC Advanced Technologies, Inc. of American Fork, Utah ("IBC"), Equinox Chemicals, LLC of Albany, Georgia ("Equinox") and Physical Sciences Inc. of Andover, Massachusetts ("PSI").
"The USDOE recognizes that the demand for REE has grown significantly in recent years," said Jim McKenzie, President and CEO of Ucore. "That unrelenting demand, in combination with the current US dependence on China for strategic metals, has stimulated an interest in economically feasible approaches to a domestic REE supply chain. This initiative is in keeping with our strategy of developing a US-based Strategic Metals Complex, and we're delighted to advance this opportunity."
"Since 2014, with the support of Senators Lisa Murkowski, Joe Manchin and others, the USDOE has engaged in research to determine the economic feasibility of producing REE from domestic coal and coal by-products," said Steve Izatt, President and CEO of IBC. "Today, we're pleased to report that the Department has chosen MRT to advance the commercial knowledge base for the supply of critical metals from domestic US coal fields. We're excited that this promising technology has been selected as a foundation for such an important security-of-supply initiative."
The Consortium has been organized to demonstrate the technical and economic feasibility of a self-contained US domestic rare earth supply chain. Team members will conduct laboratory testing, and prepare a technical design for a pilot plant to produce salable REEs. The Consortium will use by-products from an existing eastern Kentucky coal preparation plant as the initial source of feedstock for the REE. Design work will additionally examine the recovery and sale of coal from preparation plant by-products as a potential source of ancillary revenue. Research work will be directed by Mr. Grimaldi of Equinox, who has extensive expertise in process chemistry and engineering. The initial lab scale test work and pilot scale design work is being undertaken utilizing the USD $1M Grant, with a total of USD $18M in ancillary funding prospectively available from USDOE for initial bench scale testing and design work, pilot scale construction and industrial scale proof of concept work (see Ucore Press Release dated May 25, 2017).
About Equinox
Equinox is a chemical products research, commercialization, and manufacturing company with two chemical manufacturing plants located in Albany, Georgia. Equinox has a proven track record of successful in-process design, scale-up, and commercialization. Since its founding in 2003, Equinox has focused on chemical process intensifying novel equipment and process design coupled with commercialization contributing to the lower cost, increased safety and environmental profiles impacting over 600 products on the market today. Many of these products would not be on the market today if the producers had to rely on traditional manufacturing processes. Specifically, Equinox has experience in process design, scale-up, and operations of heterogeneous chemical extraction processes, including coal fines and coal ash extractions. See www.eqxchem.com for additional information.
About PSI
PSI is a technology R&D company developing a range of technologies in energy, materials and processing, environmental, aerospace, and medical instrumentation fields. They have been working on process development for REE recovery from coal ash under company-sponsored IR&D, and government-funded (EPA, OSD/ONR, DOE) research programs, making significant advancements in high-yield, high-concentration REE recovery methods. PSI currently holds two patents on the REE recovery process. The PSI work is being led by Dr. Prakash B. Joshi, who will serve as Principal Investigator and Program Coordinator on the proposed DOE/NETL program. PSI will lead the overall development of the chemical separation process including the demonstration of REE extraction in a continuous process. See www.psicorp.com for additional information.
About IBC
IBC Advanced Technologies, Inc. is an award-winning, green chemistry selective separations company based on innovative MRT products. IBC is headquartered in American Fork, Utah, with manufacturing facilities in Utah and Houston, Texas. IBC has supplied industrial, governmental and academic customers worldwide with environmentally friendly products, processes and services for over 29 years. IBC specializes in MRT, utilizing green chemistry to achieve highly selective separations of metal ions in complex matrices. Based on Nobel Prize-winning technology (1987), IBC's proprietary products and processes are used worldwide by premier metals refining and mining companies such as Tanaka Kikinzoku K.K. (Japan), Asarco Grupo Mexico (USA), Impala Platinum Ltd. (South Africa), and Sino Platinum (China). In 2014, the Japanese Government (Mitsubishi Research, Inc.) awarded to IBC a highly competitive subsidy grant, "Demonstration Project for Seawater Purification Technologies", concerning the selective separation of the radionuclides strontium and cesium from contaminated seawater at Fukushima, Japan.
IBC's expertise is illustrated by its extensive development and commercialization of separations systems for platinum group metals ("PGM's") at a world level. PGM's are analogous to REE, in that they are considered difficult to selectively separate due to their constituent chemical similarities. The Ucore-IBC alliance builds on IBC's proven capabilities to develop, scale-up and commercialize selective separations systems for a number of diverse and complex applications. See www.ibcmrt.com for additional information.
About Ucore
Ucore Rare Metals is a development-phase company focused on rare metals resources, extraction and beneficiation technologies with near term potential for production, growth and scalability. On March 3, 2015, Ucore announced the development of a joint venture with IBC for the deployment of SuperLig® Molecular Recognition Technology for REE and multi-metallic tailings processing applications in North America and associated world markets. The Company has a 100% ownership stake in the Bokan project. On March 31, 2014, Ucore announced the unanimous support of the Alaska State Legislature for the investment of up to USD $145 Million in the Bokan project at the discretion of the Alaska Import Development and Export Agency ("AIDEA").
For further information, please contact Mr. Jim McKenzie, President and Chief Executive Officer of Ucore Rare Metals Inc. at: +1 (902) 482-5214 or visit <http://www.ucore.com>.
The press release below that was disseminated today speaks for itself and highlights the rapid advances in efficiencies that our scientific team has been able to achieve.
There are three important facts that I would like to emphasize. First, we have received independent confirmation of these efficiencies from Rochester Institute of Technology, reinforcing the propriety of the scientific data that we have been relying upon.
Second, our revolutionary laser process and metallization strategy will allow us to achieve the higher efficiencies reported with other back contact cells but without their complex and expensive process.
Third, our process is conducive to the necessary high through-put of solar cells and is designed to go directly to the factory production line; it is not something that will stay in the lab as a well-published science project.
Simply put: our process is about to change the industry.
Best,
Chuck
By the 1Q report 6 weeks from now this stock should be $5 or more.
Today's p/e is foolishly low.
Can't find the call.
On Fidelity I see 16,242 shares traded today.
Last price $3.4889.
All these recent announcements and the move to nasdaq sure sound like a sleeping giant about to awaken. Shouldn't be long now.
Natcore, Denzo to Double Scope of Queensland Solar Farm
Partnership will add Denikon, Italian solar energy company
Rochester, NY — (March 2, 2017) — Natcore Technology (TSX-V: NXT; OTCQB: NTCXF), in partnership with Denzo Group Australia, has increased the size of a solar project planned for Bundaberg, Australia. Bundaberg is in the Wide Bay–Burnett Region of Queensland.
Originally announced as a 30 MW solar farm on a 90-hectare site, the project will now be a 58 MW farm on a 188-hectare site, and will have land set aside for a proof-of-concept battery storage facility. Denzo has secured the land; has advanced negotiations with the Powerlink, the transmission owner; and has filed a pre-development application to the Bundaberg Regional Council, receipt of which has been acknowledged.
Denzo has a pipeline of 200 megawatts of large-scale solar projects in progress in the east coast of Australia, Queensland and New South Wales. “Our intention is to use Natcore’s ‘Best of Breed’ innovation to produce a working example of the very latest solar generation technology, coupled with the best storage available to generate stable electricity at a realistic capital investment and a bankable ROI,” says Ken Mathews, Managing Director of Denzo.
Under its “Best of Breed” program, Natcore functions as a consultant or general contractor on the design and construction of solar cell/solar panel fabrication facilities and solar power farms. As part of this service, Natcore recommends a selection of manufacturing equipment to its clients. 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 those technologies come on line.
To develop the Queensland project, Natcore and Denzo plan to form Clean Holdings Pty Ltd., a Special Purpose Vehicle in Australia.
“This project is moving along nicely,” says Natcore President and CEO Chuck Provini. “We’re mostly dealing with the private sector here, so there are precedents that help guide us from beginning to end, including predictable cost and pricing models.”
About Denzo Group Australia
Denzo was started in Australia in 1965 as a private company with auto service stations and retail tire outlets. In 1982, the company was converted to Denzo Pty Limited, as Trustee for the Mathews No. 1 Family Trust. The company is headquartered in Terrigal, NSW.
Denzo Pty Limited has operated in Australia, Singapore, Thailand, Indonesia, China, South Korea and the United States. The company has been involved in alternative fuels (LNG, solar), import (cars, yachts) and export, manufacturing (gas meters, automotive plastics), and retail sales.
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 65 patents (31 granted, 34 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.
Looks to me like a buyout in progress.
With President Trump's emphasis on new domestic manufacturing, BOTZ has got to be a big big long term winner.
I have exchanged emails with kcsa.
They are "very much engaged" and are "working closely" with SIAF.
I have been invited to call next week and expect to do so...
but only after I have heard the conference call on Tuesday.
Maybe, just maybe, we're going to see some funds from the consultancies that we've been awarded.
Its about time to stop with these PP's and start seeing some real income.
According to SIAF's calendar 3q results are due to be
filed on Wednesday.
http://sinoagrofood.investorroom.com/events
Of course they can always file a few days late.
But let's hope there's some kind of accomplishment that
they report.
Quite soon a large number of Saudi eyeballs may be focused on Natcore. Will the USA just sit still and watch?
Thanks for the KCSA Video.
I also note that the KCSA announcement has finally been added to the
SIAF recent announcements page.
But the KCSA clients list still doesn't include SIAF.
http://www.kcsa.com/#clients
Also note that at 2pm today's siaf transaction volume is a nice neat round goose egg!!
bait??
At the very last moment they have to post it
without violating market rules.
New PR Firm??!!
The KCSA "Announcement" does not appear on the SIAF Site.
Nor does SIAF appear on KCSA's client list.
Jordan Fund Posting sets positive expectations for tomorrow's conference call.
"Swedish time 16:00 (NY time 10:00) keeps SIAF teleconference because of the very good result for the 2nd Kv in 2016. All are welcome to join, and it's just going into the company's website to see the phone number or login.
HERE, the man from the horse's mouth to get answers to all the issues surrounding the successful company. For example, if avknoppninggar of subsidiary, Mega farm's emergence and the financial parts you want to ask about.
President Lee Solomon and CFO Dan Ritchey answer questions as well as the rest of the board if it so desired."
Natcore Technology Tapped as Project Manager For 200 MW Solar Park in Vietnam
Program is Fruit of Natcore’s “Best of Breed” Program
Rochester, NY — (August 16, 2016) — Natcore Technology Inc. (TSX-V: NXT; OTCQB: NTCXF) has signed a Memorandum of Understanding with a European developer of international renewable energy projects and a Vietnamese consortium under which the organizations would form a separate company to develop a 200 MW solar energy project in Vietnam.
The projected cost of the project is approximately US$300 million, which includes all the costs of engineering/procurement/construction (EPC), land acquisitions, development fees and other expenses.
The 200MW project would be completed in several phases, the first of which will be about 10 MW. Each phase will be located at a site mutually agreed upon in selected provinces of Vietnam. By completing the project in tranches, the parties will be able to generate revenue before the entire project is completed. The project would include a laboratory facility and, potentially, a solar panel manufacturing facility.
Under the terms of the agreement, Natcore would:
Design, develop, implement and bring the solar plants to the turnkey phase;
Serve as supplier of the project;
Select suppliers, PV plants and engineering, procurement, construction (EPC) company;
Serve as project manager.
Natcore will be compensated on a “cost-plus” basis and with licensing fees for its technology as it is provided.
This project arose from a consulting service established by Natcore 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.
Since Natcore is not itself a manufacturer, it is able to buy components or employ vendors without bias. Thus, Natcore will have the freedom to provide optimum products with appropriate warranties and efficiencies.
This is the second project to be assigned to Natcore as a result of its Best-of-Breed program. On March 22, the company announced that it would oversee development of a 10 MW PV array in Belize.
“Our ‘Best of Breed’ initiative is a direct result of our being approached repeatedly by groups requesting our solar cells for their power projects, even though our technology has not yet reached the market,” says Natcore President and CEO Chuck Provini. “It has taken on a life of its own. So we anticipate that it will continue to grow and fund development of our paradigm-shifting laser-processed solar cell technology.”
“Since we announced the Belize project, we’ve also been approached by companies who want us to use their components, such as solar cells, solar panels, inverters, frames, tracking systems, etc.” added Provini. “We think this Vietnam announcement will generate more calls of that nature. We’ll gladly take those calls, since we promise our clients that we’ll scour the marketplace to find the optimum elements for their solar facilities.”
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 65 patents (30 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.