Replies to post #1448 on Natcore Technology Inc (NTCXF)

[JB3729]

You're right, it's not a done deal yet.

They only have an LOI so far so I keep my expectations low until an MOU is done. They were able to convert the Chinese LOI into an MOU so here's hoping.
Anyone can walk away from an LOI with no questions asked.

However, I'm very optomistic that a contract will be signed for the following reasons:

This LOI is the result of many months of work. There have been at least four face to face meetings to hash out details. It was not hastily thrown together.

No competitor can offer what Natcore has.

The MX group had been searching for technology that could differentiate its solar panels from others in the global marketplace. “Solar cell manufacturers tend to buy their fabrication equipment from the same three German companies,” says Carmelito Denaro, CEO of MX Solar USA and its parent, MX Holding. “And solar panel fabricators tend to buy their solar cells from the same Asian sources, all of which use that German equipment. Consequently, there is not much difference between panels from one fabricator and those from another. We were looking for an advantage: something that could enable us to make better solar cells with greater efficiency or lower cost. We found both when we found Natcore.”

The Italians want to expand on the benefits of the LPD process through research, not just use the LPD process. It looks like they have decided to go all in.

I don't think that Provini would announce this LOI if there was a chance it would fail.

With the silicon based tandem cell lurking, a solar PV consortium would have to be suicidal to jilt Natcore.
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Natcore should start to see the benefits from this relationship soon. It's good to see that they will phase in new technologies as they're developed:

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.

Tom Scarpa is still optomistic regarding sales before the end of the year!

JB