Natcore Technology Receives Subcontract to Coat Fabric for Use in Harsh Underwater Environments
RED BANK, N.J., July 7, 2011 /PRNewswire/ -- Natcore Technology Inc. (TSX-V: NXT; NTCXF.PK) has received a subcontract from the Georgia Institute of Technology to coat a fabric with specific classes of nanoparticle materials using Natcore's exclusive liquid phase deposition (LPD) technology. The coated fabric will be used to make wet suit-type garments that will protect the wearer from bacterial and viral infectious agents during extended exposure to polluted water.
The nano-based material was developed in the Rice University lab of Professor Andrew R. Barron, a Natcore director and co-founder. Natcore, working through its joint development agreement with the Eastman Kodak Company in Rochester, NY, will put the fabric through a roll-to-roll coating process using nanoparticle solutions provided by Prof. Barron's lab. Natcore will provide Georgia Tech with a sufficient length of the coated fabric to enable a small number of suits to be fabricated and tested.
"This is an exciting and exotic application of our LPD technology," says Chuck Provini, Natcore's President and CEO. "The wet suits produced from this fabric could provide a crucial measure of safety for oil platform divers, Navy SEALS, first responders, and others who will be submerged in inhospitable waters."
Statements herein 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.
Contact: Chuck Provini
SOURCE Natcore Technology Inc.
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