Natcore Technology (TSX-V: NXT) (OTC: NTCXF) is the exclusive licensee, from Rice University, of a remarkable new thin-film growth technology. Natcore’s technology has two applications in the solar sector: It could enable silicon solar cell manufacturers to reduce silicon usage by over 60% - thereby dramatically decreasing costs, improving profit margins and boosting throughput. It also allows for the mass manufacture of super-efficient tandem solar cells with double the power output of today’s most efficient devices. SNNLive spoke with Charles Provini, President and CEO of Natcore Technology at the New Orleans Investment Conference 2014.
Mr. Provini begins with an overview of the company, “Natcore is a R&D company for the solar industry. We do things that are very different because we look to make solar cells in a liquid bench format rather than expensive furnaces. One of the most expensive things and one of the most toxic things you can do is make a solar cell. Our application not only makes it more efficient and cuts the cost, but gets rid of a lot of the toxic waste.”
Natcore’s aim is to license innovative applications to manufacturers to reduce costs and increase power in the solar science space. Mr. Provini goes into the cost-comparison of Natcore’s technology, “We have an application that’s ready to go public right now, it’ll reduce the cost to make a solar cell by 20%. We have another application that’s also ready to go commercial that we feel will reduce the cost another 15% and increase the power by another 4 or 5%.”
Mr. Provini explains that Natcore not only sells the technology, but that they can also work as consultants for facilities to provide “best-of-breed” products through leveraged relationships. He also adds, “Our goal is not an exit strategy to be bought out, our goal – we have a very strong shareholder rights program, a lot of the insiders that still own the stock, we want to make this company a world changer." For more information, check out their website: www.NatcoreSolar.com
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