Natcore's Chief Technology Officer Gives Opening Address at World Photovoltaic Conference

RED BANK, N.J., Feb. 3, 2015 /PRNewswire/ -- Dr. Dennis Flood, the Chief Technology Officer and a cofounder of Natcore Technology Inc. (TSX-V: NXT; NTCXF.PK), was chosen to give an opening address of the 6^th World Conference on Photovoltaic Energy Conversion in Kyoto, Japan.

Dr. Flood was also chosen to introduce the winner of the World Prize, which is given every four years.

The Conference brings together the three major photovoltaic communities (Europe, United States, Japan/Asia) every four years. Dr. Flood organized and chaired the first WCPEC in 1994 while he was Chief of the Photovoltaic and Space Environments Branch at NASA.

Following the conference, Dr. Flood was the opening plenary speaker at a special two-day workshop in Myazaki, Japan, the third in a series of such biennial events. It was attended by a select group of scientists from universities in Japan and Korea. At this workshop, characterized by Dr. Flood as a "very high-powered event," he presented Natcore's work on black silicon and quantum dot solar cells.

While in Japan, Dr. Flood also met with a Sharp Electronics team that is responsible for the development of heterojunction with intrinsic thin layer (HIT) solar cells. These are super high efficiency devices that could result in an efficiency of 25%. After exchanging non-disclosure agreements, Sharp agreed to send HIT cells to Natcore, which will then put all-back contacts on them using Natcore's proprietary laser technology. In addition to further increasing cell efficiency, the Natcore all-back-contact technique will lower production cost by eliminating diffusion furnaces.

"The presentations at the World Conference, and my conversations with attending solar manufacturers, confirm that Natcore is in a leading position with regard to the next paradigm shift in solar cell manufacturing," says Dr. Flood. "There are two reasons. First is our work on black silicon antireflection control on n-type wafers, and second is our work on laser-processed, integrated back contacts (IBC) on n-type wafers."

"Our presence at this event with other industry leaders gave us further exposure to a large and influential audience," says Chuck Provini, Natcore President and CEO. "It will certainly pay off for Natcore as we begin to market our technology around the world."

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.

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Contact: Chuck Provini
732-576-8800

SOURCE Natcore Technology Inc.