Natcore Technology Inc.

Natcore Technology Inc.

October 22, 2009 09:02 ET

Natcore Enters Into South American Selling Agreement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 22, 2009) - Natcore Technology Inc. (TSX VENTURE:NXT) ("Natcore" or the "Company") has entered into an exclusive selling agreement with State Capital, Inc., an international financial services and investment banking firm, for sales throughout South America.

State Capital, founded in 1999, has offices in Brazil, Chile, Argentina and the United States. The firm enjoys a paramount reputation throughout South America and has a well-known and impressive client list.

State Capital will implement and coordinate potential joint ventures, partnerships and licensing of Natcore's products and technology through their South American offices. Working on a commission basis, with no upfront costs to Natcore, they will initially introduce Natcore's process of applying the essential anti-reflective coating on solar cells. "It is anticipated that this technology will dramatically reduce energy costs, material costs and toxic emissions," says Chuck Provini, Natcore's CEO.

"We've been following Natcore's development for some time now, and we're anxious to take this innovative technology to our extensive South American network," says Luca Longobardi, State Capital's CEO. "We've worked with Chuck Provini for more than 20 years--in fact he's now one of our directors--and his involvement with Natcore gives us great confidence in this program.

In addition to the anti-reflective process Provini says "we feel the aggressive South American markets, particularly Brazil, are eager to integrate new technologies to greatly improve the efficiency of solar energy, and for the first time actually make solar energy financially viable.

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.

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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