Natcore Technology Inc NTCXF

NEW CHUCK EMAIL TODAY:

[gadfly222]

"Dear xxxx

Last week I sent a letter confirming that Kodak’s Chapter 11 filing will have no material effect on Natcore operationally or financially.

After re-reading the letter, I felt I did not do a very good job of reminding everyone of the positive things we will be doing in Rochester.  After all, Kodak has invested $200 million in Eastman Business Park.  We, along with other Business Park tenants, will be beneficiaries of that investment.

Here are a few of the good things happening for us in Rochester:

• With our AR-Box™ anti-reflective coating tool now fully operational, our R&D Center can further refine our Liquid Phase Deposition (LPD) process.

• We plan to use LPD to pursue the development of low-cost flexible roll-to-roll solar cells, as per our joint development agreement with Kodak.

• We plan to accelerate our work on high-efficiency tandem solar cells.

• We plan to use our license from the National Renewal Energy Laboratory (NREL) to develop and commercialize high-output black silicon solar cells.

• We plan to leverage Kodak’s vast technical experience in multilayer roll-to-roll coatings.

• We plan to access the resources of Kodak’s chemical division to help define our LPD process.

You have heard our mantra:  to make solar energy cost-competitive with conventional energy, we must double its efficiency and halve its cost.  As you see, we are working on multiple fronts to reach that goal.

Additionally, next month, we are hosting three groups at our Rochester facility to continue discussions about structuring and financing potential ventures for the Natcore and Kodak/Natcore applications. These groups include:

• One of the largest solar cell manufacturers in China

• The largest solar panel manufacturer in Italy

• One of the largest energy companies in India

We are very confident that these meetings will benefit Natcore.  They may also help Kodak find alternative businesses as they restructure and move forward.  We are pleased to have the opportunity to use our unique technologies to perhaps help this American icon pull through this difficult period in Kodak’s corporate history.'