Natcore Technology Inc (NTCXF)

[JB3729]

Regarding the 'Extolling The Attributes Of Natcore Technology Letter'

As posted on this board, I wrote this business summary and submitted it to Natcore for an accuracy check. Natcore replied by saying they were impressed with the accuracy. Then, with my permission, Natcore emailed the letter to their shareholders.

Natcore has informed us that the Venture Exchange does not allow them to make revenue projections. That is why we no longer see them on their website. I think my 'Letter' served as a method for Natcore to inform shareholders while adhering to exchange rules. The 'Letter" has specific revenue figures for specific quantities of production.

Natcore sent this email to shareholders on 9/9/11
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66978691

Chuck Provini (CEO) has made one public revenue projection in 2011. However, this projection is somewhat vague in that it refers to a revenue number based on a 10% market share. We don't really know the size of the market that the projection is based on.

I have asked myself, how believable are these projections? Would Natcore's management and co-founders provide these revenue numbers if they didn't think they were attainable? Would they risk their reputation and standing in the business and scientific world if they weren't highly confident that they will deliver?

IMO, it's a matter of the integrity of the individuals involved. From Natcore's website:

Charles Provini, President, CEO & Director ... Mr. Provini has been a leadership instructor at the U.S. Naval Academy, Chairman of the U.S. Naval Academy's Honor Board and is a former Marine Corps officer.

Dr. Dennis Flood, Chief Technology Officer ... Dennis Flood, PhD, is a Natcore co-founder. He has more than 30 years’ experience in developing solar cell and array technology for both space and terrestrial applications. At the NASA Glenn Research Center in Cleveland, he served for 15 years as Chief of the Photovoltaic and Space Environments Branch and led programs in advanced photovoltaic systems development. He received two Agency awards for his pioneering work on advanced solar cells for space applications and for research that established the feasibility of powering a human outpost on the surface of Mars with solar energy. He served as Chair of the IEEE Electron Device Society’s Photovoltaic Device Technical Committee, served as a member of the Society’s Education Committee, and participated in its Distinguished Lecturer Series. He presently serves on the International Advisory Committees of the European, the U.S, the Japan/Asia and the World Photovoltaic Conference organizing committees. He is an inventor or co-inventor on several patents or patent applications in photovoltaics and nanotechnology and has more than 100 peer-reviewed publications and presentations in solar energy, electron devices and materials science.

Dr. Barron is a co-founder of and technical consultant to Natcore. Currently the Charles W. Duncan, Jr.-Welch Chair of Chemistry and Professor of Materials Science at Rice University, as well as a visiting Professor at the University of Wales. Dr. Barron is the author of numerous publications in the area of materials preparation via chemical pathways and more than 350 peer-reviewed scientific papers, with nearly 100 focusing on developments in nanotechnology. Professor Barron was also the first faculty member hired for the Smalley Institute for Nanotechnology. Before joining the Rice faculty in 1995, Dr. Barron received his undergraduate and doctorate degrees in chemistry from the Imperial College of Science and Technology in London, performed postdoctoral work at the University of Texas at Austin, and served on the faculty at Harvard University. He was the inaugural recipient of the prestigious Norman Hackerman Award in Chemical Research from the Welch foundation and is the first Prince of Wales Visiting Innovator.

Red Bank, N.J. - (October 28, 2011) - Prof. Andrew R. Barron, a scientific co-founder of Natcore Technology Inc. (TSX-V; NXT; NTCXV.PK), has received the prestigious World Technology Award for Materials presented by the World Technology Network in association with Time magazine, Fortune, CNN, Science/AAAS, and Technology Review. Announced on October 26 at United Nations headquarters in New York City, this award includes Barron in a group of organizations and individuals whose work is the most innovative and impactful in the world.
http://www.natcoresolar.com/index.php?option=com_content&view=article&id=54&Itemid=90&pid=55

From the Corporate Governance website page:

We are obligated to be straightforward, honest and sincere ...

We will deal honestly and fairly with our shareholders ...

We will ensure that Natcore provides full, fair, accurate, timely and understandable disclosure in all reports and documents publicly disclosed, so that the public is properly informed and not misled by statements or omissions.

We will at all times act honestly and in good faith ...
http://www.natcoresolar.com/index.php?option=com_content&view=article&id=62&Itemid=99&pid=55

JB