Natcore Technology Inc.
TSX VENTURE : NXT
PINK SHEETS : NTCXF

Natcore Technology Inc.

April 15, 2010 13:15 ET

Natcore Ships Completed Samples to Potential Customers; Successfully Manufactures Silicon Quantum Dots for Tandem Solar Cell Program

CEO Chuck Provini and Dr. Andrew Barron participate in inaugural Pinnacle Digest radio show

RED BANK, NEW JERSEY--(Marketwire - April 15, 2010) - Natcore Technology Inc. (TSX VENTURE:NXT)(PINK SHEETS:NTCXF) ("Natcore" or the "Company") is pleased to announce that it has shipped sample wafers demonstrating the unique advantages of its Liquid Phase Deposition (LPD) process to potential customers in the solar industry.

At the request of four different international solar cell manufacturers, Natcore has sent sample wafers with anti-reflective coatings to the specific requirements requested by these potential customers. Natcore's room-temperature LPD process has been used to grow anti-reflective (AR) films on these wafers with the necessary thickness, uniformity and purity for customer applications.

In addition, Natcore's team at Nanotech West at the Ohio State University (OSU) has performed a series of process improvement experiments over the past three months, in anticipation of transferring the process to the "Natcore China" joint venture company. This is a very important step in the Company's plan, as it will allow the team in China to come quickly up to speed in exactly replicating the process developed at OSU.

Through these experiments, Natcore's scientists have confirmed that the within-wafer uniformity, wafer-to-wafer uniformity, and batch-to-batch wafer uniformity all exceed required levels. Moreover, testing has confirmed the consistent nature of the refractive index of the silicon dioxide-based films, as well as the excellent density, hardness and film-thickness control during growth from the LPD process.

Natcore's team has also developed a prototype engineering design for the scaled process at the Natcore China JV, and begun design of an automated, manufacturing-scale system. A full equipment and facility requirements listing has been developed, and projected costs for equipment, air handing, water requirements and electrical demand for the scaled process at the joint-venture are now being outlined.

"Our ability to show the scalability and consistency of our product wafers over a series of small-scale production batches allows us, for the first time, to meet the sample requests of potential end-users," notes Chuck Provini, Natcore's president and CEO. "In combination with our recent testing and development achievements at Ohio State, we continue to make major progress out of the laboratory and toward a production line."

The company is also pleased to report that its program at Rice University has achieved a significant milestone, having successfully manufactured silicon nanocrystals (quantum dots) of sufficient quality and suitable characteristics for use in its tandem solar cell research. This is an important advance toward the Company's goal of developing low-cost, super-efficient silicon cells with efficiencies of over 30%, or about twice the power output of today's most efficient mass-produced solar cells.

Natcore would also like to direct investor attention to the inaugural Pinnacle Digest Radio Show, which features CEO Chuck Provini and Prof. Andrew Barron commenting on the Company's recent accomplishments and exciting goals. The radio show can be accessed at no charge at PinnacleDigest.com.

On behalf of the Board of Directors,

"Charles Provini", President & Chief Executive Officer

Statements in this press release other than purely historical factual information, including statements relating to revenues or profits, or the Company'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 the Company'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, the Company expressly disclaims any obligation to update any forward-looking statements or forward-looking statements that are incorporated by reference herein.

About Natcore Technology Inc.

Natcore Technology is the exclusive licensee, from Rice University, of a thin-film growth technology enabling room-temperature growth of various silicon oxides on silicon wafers in a liquid phase deposition (LPD) process. Although the implications of this discovery for semiconductors and fiber optics are significant and wide-ranging, the technology has immediate and compelling applications in the solar sector. Specifically, the Company's LPD process could enable silicon solar cell manufacturers to significantly reduce manufacturing costs and increase throughput, and has the potential to allow, for the first time, mass manufacturing of super-efficient (30%+) tandem solar cells with double the power output of today's most efficient devices.

Having been independently tested and verified by one of the world's most respected science and technology laboratories, Natcore's technology is now in the process of being commercialized. Our goal: to make stand-alone solar energy competitive with conventional power generation.

This press release does not constitute an offer to sell or a solicitation to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended ("the U.S. Securities Act") or any state securities law and may not be offered or sold in the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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.

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