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Natcore Technology plans joint venture in Australia

Rochester Business Journal
July 7, 2014

Natcore Technology Inc., whose research and development is done at the Eastman Business Park, has begun planning a joint venture to produce solar cells and solar panels in Australia, company officials announced Monday.

Natcore signed a memorandum of understanding last September with Denzo Pty Ltd. to form Natcore Australia as the country’s exclusive licensee for Natcore’s intellectual property, officials said.

Denzo, which has its headquarters in Terrigal, New South Wales, plans to locate Natcore Australia in New South Wales or Queensland, officials said.

“In addition to being a free-standing company in which Natcore will be a partner, the joint venture will also be our customer,” Natcore president and CEO Charles Provini said in a statement.

“Natcore Australia will be a licensee of Natcore Technology,” he said. “They’ll pay royalties for our technology and they’ll buy our chemicals.”

Natcore has its headquarters in Red Bank, N.J.

(c) 2014 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email service@rbj.net.


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