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Email from Chuck
One of our few ongoing frustrations at Natcore has been our inability to get any traction for our technology here in our own country.
We certainly haven’t been frustrated by the work of our scientists; their accomplishments are highly respected throughout the scientific community. And we’re not frustrated by our reception from the solar world; we’ve been contacted by interested parties in Europe, Asia, Africa and South America.
But a small company like ours needs support from bigger players if we’re to reach our full potential. As a businessman (and a Marine), I believe it’s important that we receive that underpinning in America. Until now, we’ve had difficulty getting it.
That’s about to change.
Because this morning we announced that we’ve aligned ourselves with PSECC Solar Farms Ltd., a well-known and experienced climate change company that has solar projects around the world. Although they are based in England, they want to create projects in the United States.
And they have the wherewithal to do so. Our new partner brings perhaps the most important component to a successful project: financing. Many projects die a natural death on the desk of engineers and political bureaucrats without the financing. This component gives us great leverage as we augment our relationships that were initially driven by our technology.
We received a significant amount of press a few years ago because we were creating relationships in China and not the United States; the reason for that, of course, was that when we called companies throughout this country, and even our government in Washington, no one answered the phone. It is not any different today. I find it ironic that a European partner felt strongly enough to engage Natcore in delivering solar opportunities to the U.S.
The news release follows.
Best,
Chuck
Charles R. Provini
President & CEO
Natcore Technology, Inc.
189 N. Water Street, Suite 700
Rochester, NY 14604
P: 585-286-9180 F: 585-286-9182
www.natcoresolar.com
Natcore Technology Selected to
Develop Solar Projects in U.S.
UK Partner to Secure Financing for First Domestic Venture
Arising from Natcore’s “Best of Breed” Program
Rochester, NY — (July 18, 2017) — Natcore Technology Inc. (TSX-V: NXT; OTCQB: NTCXF) has signed a Memorandum of Understanding with PSECC Solar Farms Ltd., a climate change mitigation company and developer of solar farms, under which PSECC would engage Natcore to develop solar projects within the United States.
Natcore would provide PSECC with access to Natcore’s technology, including some level of exclusivity once that technology becomes commercially available. PSECC would facilitate the U.S. projects by, among other things, providing financial assistance that would include 80% of the funding of the projects at a low interest rate (currently at 4.5%). Such financial assistance would be provided by a large European bank (and possibly others) with which PSECC has a strong relationship. The remaining 20% funding is likely to be obtained from other USA sources or European Institutions.
Initially the companies’ joint efforts will be concentrated in U.S. states that have feed-in tariffs that are mandated by law or regulation, or that have strong precedents: California, Florida, Hawaii, Maine, Oregon, Rhode Island, Vermont and Washington.
A feed-in tariff is an economic policy created to promote active investment in and production of renewable energy sources. Feed-in tariffs typically make use of long-term agreements and pricing tied to costs of production for renewable energy producers.
Natcore scientists have recently achieved an efficiency of 20.7% in their latest demonstration solar cell. That efficiency, which is a relative 20% higher than most commercially available solar cells, was achieved on the Natcore Foil Cell™, an all-back-contact cell that combines a revolutionary laser process with a novel metallization strategy, thus enabling high-efficiency cell architectures at low cost. Importantly, it also eliminates the need for silver, one of the highest-cost components of a conventional solar cell.
This project arose from Natcore’s Best-of-Breed consulting service, under which the company provides unbiased business and technical advice to potential new solar cell and solar panel manufacturers and to established solar manufacturers wishing to upgrade their facilities.
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 fourth project to be assigned to Natcore as a result of its Best-of-Breed program. The company is already working on projects in Belize, Australia and Vietnam.
“We’ve been looking for American partners to help us plant our technology here on our own soil,” says Natcore President and CEO Chuck Provini. “We have knocked on many doors in this county, but it appears that no one is home in the U. S. when it comes to solar, regardless of the administration. We find it ironic that we’ve had to go to Europe to make it happen.”
“PSECC has solar and energy projects around the world, but we feel that the United States is an underserviced and untapped market,” says Alan Brewer, CEO and Director of PSECC (www.pseccsolarfarms.com). “We feel strongly that Natcore is the right company to help us expand that market. Clean energy is important, not just to countries but to the planet.”
Headquartered in Chichester, West Sussex, England, PSECC has expertise in site identification, design, finance and engineering; procurement and construction (EPC) services related to solar farms and projects; and in providing solutions for the development of solar farms, solar PV energy policy, energy strategy and integrated waste management business solutions. The company is currently developing solar farms in Konza, Kenya; Mombasa, Kenya; and Simbrofo, Ghana.
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 and black silicon to significantly lower the costs and improve the power output of solar cells. With 65 patents (31 granted and 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.
Natcore President's Letter – June 2017
Natcore has always been a good blend of business and science. Our scientific team develops things that others have not thought of while our business component ensures that there is a path to commercialization.
Our Best of Breed Consulting business is a direct result of the industry knowing about our technology and wanting to be part of it. We leveraged that interest into a consulting business that coordinates solar farm developers, cell manufacturers, panel manufacturers and builders. Our relationships with developers have emphasized an important component of our technology that could have three great short-term benefits to Natcore with respect to commercialization and revenue.
Two of the benefits of our Foil Cell technology are obvious: higher efficiency and lower cost. A third benefit may be more subtle but apparently more important to the industry on a short-term basis. That third component is something called Cell-To-Module (CTM) energy loss.
A solar cell is a very sophisticated and delicate device. It is made in clean rooms with very low tolerances for error. This very sophisticated cell is then put into a very inefficient glass box — a solar panel — and that transition typically causes a 5%-10% energy loss in the cell. Back contact cells give much better (lower) CTM numbers, but they are normally expensive. Our cell approach, combined with a unique way that the cells can be joined in the solar panel, can virtually eliminate this Cell To-Module energy loss in an extremely cost effective way.
For a developer of large solar projects, like our projects in Australia and Vietnam, 5% to 10% more power has an enormous impact on the economics of a project. Developers have recently begun to urge us — quite aggressively — to begin producing larger cells that are appropriately sized to immediately integrate into panels. In other words, they want to quantify and realize the benefits of our CTM advantages as soon as possible.
As you know, our current cells are consistently yielding efficiencies of just under 21%. While these are higher efficiencies than are found in most current commercial cells, and while our projections show our technology will achieve efficiencies well into the mid-twenties at very low cost, we’re discovering that our unique Cell-To-Module advantage could provide a quicker and more direct path to commercialization and revenue.
We currently work with smaller cells in the lab because it is cost efficient and allows us shorter turn-around time in experiments. Our scientists are now doing what is necessary to move our technology to standard-size cells that could be used sooner in the industry.
The business side of our team is listening to the marketplace and what the industry wants. The scientific side is adjusting our priorities a bit to fill that need. Bottom line: Feedback from the industry continues to demonstrate that our truly unique technology will change the solar energy paradigm.
Best,
Chuck
Charles R. Provini
President & CEO
Natcore Technology, Inc.
189 N. Water Street, Suite 700
Rochester, NY 14604
P: 585-286-9180 F: 585-286-9182
www.natcoresolar.com
As usual people see Natcore and like what they see and buy some shares and expect it take off. You should only invest what you can afford to lose. So stick this lottery ticket in your pocket and move on.
See my previous post for the email and attachment.
Natcore Technology Update - May 2017
Sent By:
C.R. Provini On:May 05/03/17 6:02 PM
Dear Don,
As you may already know, Chuck recently returned from a trip to Vietnam. The purpose of the trip was to sign the license agreement to build up to 270 MW of solar farms in Binh Thuan Province. The license was awarded and Chuck signed it. Nguy?n Xuân Phúc, the Prime Minister of Vietnam, was also there to co-sign the agreement.
Chuck also had an opportunity to visit the site of the project and visit with some of the largest banks in Vietnam.
Attached is the recap of the trip and how much was accomplished. This was a very successful trip for Natcore and substantial progress was made in moving the project along.
Also included are a couple of pictures that I thought you might enjoy. What a difference 40 years makes!!
As always, Chuck or I will be happy to answer any questions you may have.
Best,
Tom
Thomas J. Scarpa
Sr. Vice President
Natcore Technology, Inc.
189 N. Water Street, Suite 700, Rochester, NY 14604
585-286-9180, fax 585-286-9182
Email: scarpa@natcoresolar.com
www.natcoresolar.com
https://web.mail.comcast.net/service/home/~/?auth=co&loc=en_US&id=647320&part=3
Could be to pay taxes isn't that much money for a president of a company.
Sorry, I should have said it was an older interview but most people don't know anything about Brien Lundin and his background in gold.
Why would a person like Brien be with Natcore for so long? I think if there is nothing here he probable wouldn't be here.
Brien Lundin Silver Money Solar Technology
Brien Lundin, Chairman & Co-Founder of Natcore Technology, Interviewed by Leanna Haakons
Stock Trades 6
Traded Volume 115,070
VWAP $ 0.160004
Dollar Volume $ 18.41k
Average Volume 108.42k
52 Week Range 0.11 - 0.53
After Hours Price After Hours Share Volume
19:38:19 $ 1.55 High 8,410
19:36:48 $ 1.45 16,590
19:27:35 $ 1.45 10
16:49:58 $ 1.40 Low 7,658
16:42:20 $ 1.45 50
16:00:05 $ 1.40 26,536
16:00:05 $ 1.40
Read more: http://www.nasdaq.com/symbol/wmih/after-hours#ixzz4bXUuDgNX
Sure is taking the long road to .25 now 1.25 @ 1.07 million. Oh my.
Hmmm, 1.04M @ 1.25. What the???
Must be some more new investors 1.20 @ 237k
That was an informed reply. Thanks.
8K to announce WMIH Corp. Schedules Investor Conference Call And Webcast to talk about the 10K
Do you have a link to that information?
If the previous link doesn't work just go to natcoresolar.com
Full Investor’s Package: download-bttn
New investors report February 2017
http://www.natcoresolar.com/core/wp-content/uploads/2017/02/Natcore-Corporate-Presentation-Feb.-2017NR.pdf
Natcore can't have a news release until pp is completed or suspected. Been there done that.
Nice volume 746,876
Bid 1.25. Ask 2.45
I have enough common shares and escrows that if the share price would just go up a little, I will be well off and very happy.
Sorry that's the link I meant to put on my post, but I got the one that came on after it.
Listen to this audio interview with Chuck on YouTube.
1.4502 0.0002 ? 0.01% 148,857 $1.45 $2.17 / $1.35 $2.58 / $1.30Data as of 1/24/2017 - Market Closed
Read more: http://www.nasdaq.com/symbol/wmih/real-time#ixzz4WicCSwON
After Hours Price After Hours Share Volume
16:39:37 $ 1.45 Low 4,292
16:26:02 $ 1.45 2,598
16:04:58 $ 2.17 High 2,490
16:00:00
Read more: http://www.nasdaq.com/symbol/wmih/after-hours#ixzz4Wib8kGyP
Nice close .30 vol 113
Coin thanks for your consideration but as you noticed I have a free account. I have been a stock holder for a very long time with a sizable holding for an average investor. I really believe in this company.
If anyone really had that information the stock would be a lot higher.
If they hadn't taken the bank down you wouldn't be here looking for a big payday. Only invest what you can afford to loose.
Links for the TSX quote
http://canada.stoxline.com/q_ca.php?s=nxt.v
Nice close Volume: 103560
NATCORE TECHNOLOGY INC. (NXT.V)
0.385 +0.020 (+5.479%)
1/16/2017 3:52pm
Open: 0.370
Prev Close: 0.365
High: 0.400
Low: 0.365
Volume: 103560
Market Cap: 23.85M
52 Week High: 0.690
52 Week Low: 0.145
Letter from Charles R. Provini President & CEO Thursday, 01/12/17
Dear Don,
Below is a press release that was disseminated this morning. It describes two critical steps in the progress in the progression of the Vietnamese Solar Project. The first step was having this project named on the government approved list. The second, having this particular power plant approved by Binh Thuan Province People’s Committee.
These are critical steps in the progression of this power plant. As a result of these approvals, we have also completed the necessary feasibility study by engaging a well-known and experienced European engineering company who is part of our Best of Breed Team.
Local Vietnamese partners will now apply for the necessary local permits to actually start the project.
We are receiving proposals and bids on panels, inverters, frames etc., as well as proposals from different engineering, and procurement companies (EPC’s).
We are in constant dialog with the various partners and are very pleased with the progression and efficiency in which the in-country team works.
Best,
Chuck
Charles R. Provini
President & CEO
Natcore Technology, Inc.
877-700-NATCORE (877-700-6282)
www.natcoresolar.com
PRESS RELEASE
Contact: Chuck Provini
585-286-9180
Info@NatcoreSolar.com
Natcore’s 200 MW Vietnam Solar Project Receives Essential Government Approvals
Rochester, NY — (January 10, 2017) — A US$300 million solar project managed by Natcore Technology Inc. (TSX-V: NXT; OTCQB: NTCXF) has been included in the list of selected projects for the development of solar energy in Vietnam’s Binh Thuan Province of Vietnam, and has been approved by the Province People's Committee.
Next up: confirmation by VietNam Electricity (EVN) and by the Ministry of Industry and Trade (MOIT).
Only projects listed and approved in this manner can be developed in Binh Thuan Province. EVN is the largest power company in Vietnam, with an installed electricity generation capacity of 23,579 MW and a transmission network of 13,597 miles (as of 2015). MOIT is the Vietnamese government ministry responsible for the advancement, promotion, governance, regulation, management and growth of industry and trade.
The 200 MW project will be completed in several phases. By developing the project in tranches, Natcore and its partners will be able to generate revenue before the entire project is completed. The first site would occupy 95 hectares (235 acres).
At the request of financial institutions, including banks and investment funds, Natcore has completed these documents for submission:
Feasibility Study for a Preliminary Project of 56.18 MW;
Business Plan;
A partial Information Memorandum.
Land Use Agreement;
Natcore is working on the project with a European developer of international renewable energy projects and a Vietnamese consortium. A holding company will be formed to develop the project.
This project is an outgrowth of Natcore’s “Best of Breed” program, under which the company functions as a consultant 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. For the Vietnam project, Natcore has already received offer from suppliers of these components and services:
Modules
Inverters
Design, engineering and supervision
Engineering, Procurement and Construction (EPC)
Electrical Substation
Natcore first announced the project on 8/16/16, when the company and its partners signed a Memorandum of Understanding. Natcore will be compensated on a “cost-plus” basis and with licensing fees for its technology as it is provided.
“We’re extremely excited about the rapid advancement of this project and our achievement of these key benchmarks,” says Natcore President and CEO Chuck Provini. “We expect to travel to Vietnam in the near future to finalize the next steps with our local partners.”
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 and 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 re
8 years ago when we had WAMUQ I stated that buying this stock was like was like buying a lottery ticket and you should only spend as much as you can afford to lose.
This is still true although with all the hedge funds in this stock it makes me feel so much better.
So if you invested more than you can afford to loose shame on you.
The only thing we don't have is a end date.
What we do have is hope.
Thomson Reuters/Verus upgrades WMIH CORPORATION from HOLD to BUY.
BY Investars Analyst Actions - public
— 10:16 AM ET 12/12/2016
On December 12, 2016 Thomson Reuters/Verus upgraded WMIH CORPORATION from HOLD to BUY.
Is that what Chuck is actually saying or is that your opinion?
President’s Message
Dear Don,
Since last Wednesday, many people have asked me how the unexpected Trump victory might affect Natcore Technology. Some are especially concerned because of the President-Elect’s avowed support of fossil fuel industries and his lack of interest in alternative energy.
In a nutshell, we think his win is going to be good for Natcore.
Subsidies for American solar and other alternative energy sources are endangered, so these companies must increase efficiencies and lower costs in order to replace that support. And to do that, they’ll have to find new technologies. Because of our growing reputation as America’s solar innovator, we think those companies will turn to us.
We believe that technology trumps subsidies. We’ve further explained that belief in the President’s Message below, which we’ve posted to our Web site.
Best,Chuck
President’s Message
If you believe the headlines following the election of Donald Trump, you might think that hard times are ahead for solar:
“Solar stocks hammered as sector expected to lose out in Trump administration,” said Marketwatch.com.
“Trump will kill Clean Power Plan, solar ITC [Investment Tax Credit] next on chopping block, say finance experts,” headlined PV-Tech.
“A Trump presidency along with a Republican-led Congress poses ‘significant risks’ to a potential reduction/elimination of the federal tax credits for solar….” Said Angelo Zino, an analyst with CFRA Research.
As a friend of Natcore, you’ll be pleased to know that we disagree with those assessments. The reason: Technology.
While this outlook may be negative for some segments of the solar manufacturing industry, it’s actually a very positive development for a solar R&D company like Natcore.
At present, the federal government subsidizes the solar industry through two mechanisms: the solar ITC and funding for PV development through the Department of Energy.
But we have always believed that our industry must stand on its own, without subsidies. We have never favored subsidies for the solar industry.
With subsidies in place, solar manufacturers were under no pressure to innovate, because the subsidies helped keep solar costs at parity with energy from more traditional energy sources. But Natcore’s focus has always been to provide generational improvements in solar cell performance – significant increases in efficiencies and significant reduction in production costs.
Our position in the market, if these governmental incentives continue to dwindle, could not be more advantageous, since cell manufacturers will be forced to consider our technology and to adopt it once available.
We believe that the basic advantages of solar energy do not ebb and flow with the changing political climate. Solar energy is renewable. Clean. Reliable. Predictable. Available throughout the world. Silent.
Charles R. Provini
President & CEO
Natcore Technology, Inc.
877-700-NATCORE (877-700-6282)
www.natcoresolar.com