Natcore Technology Forms Alliance With Largest Solar Manufacturer in Italy
Joint Venture with MX Holding Will Develop New Technologies For Consortium of Italian Solar Panel Producers
Red Bank, NJ - (October 11, 2011) -Natcore Technology Inc. (TSX-V: NXT; NTCXF.PK) and MX Holding S.p.A. have signed a Letter of Intent to form a joint venture, on terms to be formally determined, that will conduct research and development activities in three key areas aimed at increasing the efficiency and lowering the cost of solar energy.
Headquartered in Villasanta, near Milan, MX Holding is the holding company of an Italian group with international exposure in the solar photovoltaic industry since 2000. With two plants outside of Milan and one in Somerset, N.J., operated by its U.S. subsidiary MX Solar USA LLC, MX Holding has a total solar capacity of 250 mw and extensive experience in the planning and construction of turnkey photovoltaic plants. In 2010, the group registered sales of