Go to www.NatCoreSolar.com
This is excerpt of 3/22/10 Presidents Message:
Also FULL text on www.Agoracom.com
NY Times recent Article in Yahoo message board (NTCXF-.61cents).
"...We think this is a great opportunity and it will fully fund our remaining research, development and production costs for the AR film equipment. It also immediately plugs us into a network of end users in a country that is the largest and fastest-growing producer of solar cells.
And this brings me to the topic that everyone asks about: Revenue - when will we start selling products and realizing recurring revenue?
I can tell you that our current development flow sheets, prepared in close cooperation with our Chinese associates as well as our scientific staff, envision a time-line of 10 months from the signing of a definitive agreement to the production of "shrink-wrapped" AR equipment ready for sale.
That's not long at all; a similar product development process would undoubtedly take much more time, and money, just about anywhere else in the world.
But one of the more exciting aspects of this joint venture is the fact that we may be able to advance this timeline by selling a more-basic version of our equipment.
You see, our fully-finished product would encompass a self-contained, self-replenishing system that will recycle the chemicals and water used in our LPD process. But our anticipated Chinese partners (who will likely be among our first customers) are envisioning the incorporation of our technology into existing manufacturing lines through manual replenishment of the chemical bath. This would allow us to serve customers, install our process into manufacturing lines and generate revenue, before the complete system is available for sale throughout the world.
In summary, we have made exciting progress on many fronts, but remain focused on delivering products to the marketplace as soon as possible. Although we understand the great importance of our research, our primary goal is the conversion of that research into bottom-line revenue.
We firmly believe that the future is very bright for Natcore Technology, for our shareholders and supporters, and for a world that desperately needs clean, abundant energy.
Chuck Provini, President & CEO