April 25, 2017 12:25 AM ET

Semiconductors and Semiconductor Equipment

Company Overview of Natcore Technology Inc.

Company Overview

Natcore Technology Inc. develops and owns technology for the manufacturing of solar cells. The company focuses on developing solar cells based on its laser processing, tandem quantum-dot solar cells, and all-back-contact silicon heterojunction cell structure technologies. Its technologies enable the controlled deposition of silicon dioxide and mixed silicon oxides from an aqueous solution at ambient temperatures and pressures. The company was founded in 2007 and is headquartered in Rochester, New York.

189 North Water Street

Suite 700

Rochester, NY 14604

United States

Founded in 2007

Phone:

585-286-9180

Fax:

585-286-9182

Key Executives for Natcore Technology Inc.

Chief Executive Officer, President and Corporate Secretary
Total Annual Compensation: $275.0K
Co-Founder and Chief Technology Officer
Total Annual Compensation: $82.5K
Chief Financial Officer
Compensation as of Fiscal Year 2015.

Natcore Technology Inc. Key Developments

Natcore Technology Inc. Signs Joint Development Agreement with Coveme spa

Natcore Technology Inc. has signed a joint development agreement with Coveme spa. Natcore has recently developed the Natcore Foil Cell, which combines a revolutionary laser process with a novel metallization strategy, thus enabling high-efficiency cell architectures at low cost. The key feature: metallization of the cell by direct attachment of a bilayer aluminum foil laminate. The concept simplifies the fabrication of several silicon-based, all-back contact cell architectures, allowing for high-speed, low-cost manufacturing methods. Importantly, it also eliminates the need for silver, one of the highest-cost components of a conventional solar cell. Under the terms of the Agreement, Natcore and Coveme will collaborate in order to assess and develop high throughput methods to produce laser-processed all- back-contacts on silicon solar cells. The Project Managers will be David Levy for Natcore and Matteo Racchi for Coveme. Dr. Levy is Natcore's Director of Research and Technology.

Natcore and Denzo Plan to Form Clean Holdings Pty Ltd to Double Scope of Queensland Solar Farm

Natcore Technology in partnership with Denzo Group Australia, has increased the size of a solar project planned for Bundaberg, Australia. Bundaberg is in the Wide Bay­Burnett Region of Queensland. Originally announced as a 30 MW solar farm on a 90-hectare site, the project will now be a 58 MW farm on a 188-hectare site, and will have land set aside for a proof-of-concept battery storage facility. Denzo has secured the land; has advanced negotiations with the Powerlink, the transmission owner; and has filed a pre-development application to the Bundaberg Regional Council, receipt of which has been acknowledged. Denzo has a pipeline of 200 megawatts of large-scale solar projects in progress in the east coast of Australia, Queensland and New South Wales. "Our intention is to use Natcore's 'Best of Breed' innovation to produce a working example of the very latest solar generation technology, coupled with the best storage available to generate stable electricity at a realistic capital investment and a bankable ROI," says Ken Mathews, Managing Director of Denzo. To develop the Queensland project, Natcore and Denzo plan to form Clean Holdings Pty Ltd., a Special Purpose Vehicle in Australia.

Natcore Technology Inc. to Serve as Technical Advisor for 1,000 MW Solar Facility in Middle East

Natcore Technology Inc. has signed a Memorandum of Understanding with a Malta-based developer of international renewable energy projects under which Natcore would serve as the science and technology advisor for a large vertically-integrated project in the Middle East. The 1,000 MW project would comprise: A solar array consisting of 100 individual solar power plants, each with a capacity of at least 10 MW; A manufacturing facility for the production of photovoltaic modules; and A facility for the manufacturing of solar cells. Natcore will serve as DK's science and technology advisor on the project. As part of their service, Natcore will recommend a best of breed selection of manufacturing equipment and components, and will offer limited exclusivity to incorporate new technology developed by Natcore when such technology becomes commercially available.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
April 7, 2017
--
Private Placement
March 20, 2017
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Private Placement
February 3, 2017
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