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jesse

12/04/13 1:11 AM

#4334 RE: teq0904 #4333

Dear SH,


Below is a press release that we issued this morning. It is significant because it not only further reduces the cost of manufacturing solar cells but it also addresses one of the often ignored problems associated with solar cell manufacturing; toxic waste. Natcore’s focus has always been on reducing the cost of manufacturing solar cells and increasing their efficiency.



There are several furnaces that are used in the manufacturing of solar cells. Our recent press release discussing a 23+% reduction in cost was based on the elimination of one of these furnaces. The laser technology in this new release will eliminate another one of those furnaces. We believe that our technology is changing the way that all solar cells are manufactured and we are doing it in a less costly more environmentally friendly way.



If you have any questions do not hesitate to contact me. All of us in the Natcore family hope you have a safe and happy holiday season.





Charles R. Provini

President & CEO



Natcore Technology, Inc.

87 Maple Avenue, Red Bank, NJ 07701

732-576-8800, fax 732-576-8809

Email: provini@natcoresolar.com

www.natcoresolar.com

Description: Description: Description: Description: Description: natcorelogo



Contact: Chuck Provini

732-576-8800

Info@natcoresolar.com

www.natcoresolar.com





Natcore Technology Moves Toward

Low-Temperature Production Of Solar Cells

Move could further reduce cost, raise efficiency

Red Bank, N.J. — (December 2, 2013) — Two weeks after an independent study concluded that Natcore Technology’s (NXT.V; NTCXF.PK; 8NT) black silicon technology could reduce silicon solar cell production costs by up to 23.5%, the company has taken additional steps that could further reduce production costs and hazardous effluents.

Black silicon technology can eliminate the plasma enhanced chemical vapor deposition (PECVD) of silicon nitride currently in solar cell production lines. Now Natcore scientists are developing laser processing to replace the high-temperature diffusion furnace in the solar cell production process, thus significantly reducing energy and chemical costs associated with the furnace. They have identified a versatile laser that the company plans to acquire for its R&D Center in Rochester, NY.

In typical solar cell manufacturing, the surface of the cell is doped in a process that involves heating the entire silicon wafer to a temperature in the range of 800 to 900° C. The process can damage the silicon, and wastes considerable energy. Laser doping works by firing a focused laser beam on the wafer. A small amount of dopant is initially sitting on the surface. The laser beam actually melts the silicon, which then re-solidifies, usually in less than one microsecond. The microsecond, however, is enough time to accomplish the doping.

Because the laser delivers energy to a very localized area, it would heat only that portion of the wafer that needs to be heated and can lead to more efficient solar cells. Furthermore, a laser would reduce the amount of energy required to produce solar cells, because it would no longer be necessary to heat the whole cell and the furnace around it.

The laser that is being considered by Natcore can be extensively manipulated so that optimum conditions can be found. Natcore is working with the laser producer to process an initial set of samples at their facility to accelerate Natcore’s schedule.

To gain expertise in the use of lasers to process solar cells, Natcore has engaged Prof. Mool Gupta and his research group at the University of Virginia. Professor Gupta is a Langley Distinguished Professor in the Department of Electrical and Computer Engineering, and is also the Founding Director of NSF Industry/University Cooperative Research Center (I/UCRC) for Lasers and Plasmas at the university.

“Between Prof. Gupta and Dr. Dave Carlson (a member of Natcore’s Technology Advisory Board) we have two individuals who have deep experience in this field,” says Dr. David Levy, Natcore’s Director of Research & Technology. “For Natcore adding laser processing to our repertoire has important implications. First, it gets us in on the ground floor with a technology that we feel will represent the next generation of high-efficiency/low-cost solar cells. Second, it’s an excellent fit with our black silicon technology.

“We are reinventing the way that solar cells are made,” says Chuck Provini, Natcore’s president and CEO. “We are streamlining the process by removing costly steps and by eliminating dangerous and expensive chemicals, like silane and phosphorous oxychloride. We are making it a low-temperature process. Although we can’t quantify it yet, we believe the result will be lower cost, higher efficiency and better quality. We believe that’s what our licensees will want.”

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Statements in this press release 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.