Natcore Technology Inc (NTCXF)

[JB3729]

Hello teq0904,

Additionally, Natcore and MX Holding intend to participate, together with third-party investors, in the ownership of a solar cell manufacturing facility that will produce and sell high-efficiency solar cells based on the technologies developed by the R&D joint venture. The third-party investors are a consortium of MX Holding and five other Italian solar panel manufacturers who now buy their solar cells from Asian producers. It is expected that consortium members would consume the entire solar cell output derived from the new manufacturing entity, which would utilize Natcore’s existing LPD technologies. New technologies will be phased in as they’re developed.

JB