Natcore Technology Inc (NTCXF)

[JB3729]

CONGRATULATIONS TO NATCORE MANAGEMENT AND SHAREHOLDERS

We now have a fully operational lab:

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I have attached a few pictures sent to us by Kodak that reflect the installation progress of Natcore’s AR-Box. The installation will be completed Wednesday and training of our personnel begins on Thursday. We will be fully operational on September 26th.

We will immediately begin to refine and optimize two of our most advanced applications, black silicon/passivation and reflection/refraction indexes for the antireflective coating of solar cells.

We feel the black silicon application could increase solar panel output by 10-15%, while the antireflective coating process will meaningfully reduce the current cost of the antireflective coating while also greatly reducing toxic waste.

Once we have had a chance to integrate our application into our new machine, we will be able to have actual solar cells made and test efficiency results, reflectance percentages and power outputs. We then can public actual results to potential customers. We have already received interest from potential customers for machines once we display the actual process. This is a very exciting time for Natcore and a quantum step towards commercialization.

The path to a fully operational lab began with the private placement announcement on 12/14/10:

VANCOUVER, BRITISH COLUMBIA, Dec. 14, 2010 (Marketwire) -- Natcore Technology Inc. (TSX VENTURE:NXT)(PINK SHEETS:NTCXF) has arranged a C$2 million private placement in order to accelerate the company's research and development activities.

"We've been conducting R&D work at Rice University and the Ohio State University," says Natcore President and CEO Chuck Provini. "This capital infusion will allow us to build our own lab and to move much more quickly toward building a super-efficient tandem solar cell using our liquid phase deposition process." A location for the new facility has not yet been finalized, although suitable facilities have been identified.

The 2 scientists that have received AR-Box training at the new lab became Natcore employees when Natcore purchased NewCyte on 12/3/09. I think we are very fortunate in that both of these scientists, with their extensive LPD experience, are moving to Rochester to work in the lab:

Brien Lundin, Natcore's Chairman, adds that, "It is particularly gratifying that this R&D program is being conducted with personnel and facilities previously employed by NewCyte, Inc. Natcore's acquisition of NewCyte is thus providing early dividends, and we're excited about continuing to leverage these assets to more-rapidly advance our technology."

http://tmx.quotemedia.com/article.php?newsid=27176990&qm_symbol=NXT:CA

Personally, I believe the lab will deliver breakthrough LPD process applications for decades to come.

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JB