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Technology Stocks : Natcore Inc.
NXT.V 0.370-2.6%3:59 PM EST

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From: jmartin1643/13/2012 10:34:54 AM
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Letter from President

Dear Investor,

I feel the importance of this CRADA (Collaborative Research and Development Agreement) with NREL (National Renewable Energy Lab) is not just the fact that the DOE (Department of Energy) will be contributing resources, but more importantly that Natcore will be entering into a collaboration with perhaps one of the most respected and knowledgeable photovoltaic facilities in the world. We are sending three of our scientific teams to Golden Colorado next week to begin identifying the specific functions that are necessary to move this black silicon process to commercialization sooner than later.

There is also no doubt in my mind that in addition to moving black silicon along quickly, we will be exposed to other technologies in NREL’s portfolio of patents. I am confident that we will find other opportunities to integrate Natcore’s technologies with NREL’s as we are doing in the black silicon collaboration.

If you have any comments or questions, as usual, I am anxious to speak with you.

Best Regards,

Charles R Provini

President & CEO

Natcore Technology, Inc.

87 Maple Avenue, Red Bank, NJ 07701

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