Note: This article covers a micro-cap stock. Please be aware of the risks associated with these stocks.
The following article is for a micro-cap stock, Natcore Technology (OTCPK:NTCXF), which I presently do not own. You should be aware that investing in such stocks carries a considerable risk, even though the potential return on your investment could be significant if the following company's technology and applications are successfully brought to commercialization.
Be aware that you could lose all of your investment in such a company and should only invest an amount of money that you are prepared to lose some or all of. I am not an investment advisor and I am not providing you with investment advice by writing this article.
What Natcore Does
Natcore Technology has an exclusive licensee agreement from Rice University for an extraordinary new technology for growing thin film. The potential for implementing this patented process in the fields of semi-conductor and fiber-optics manufacturing could be truly momentous for these industries.
Traditionally, the manufacture of solar cells is done by means of chemical vapor deposition (CVD). This is a costly and complicated process involving the use of highly toxic and flammable chemicals as well as extremely expensive equipment.
What Natcore has developed is a liquid phase deposition (LPD) to produce solar cells. This method uses a relatively mild chemical bath and is done at ambient temperatures. The equipment needed is very low-cost compared to the CVD process and there is no need for highly toxic chemicals. The waste product from the LPD process can be recycled or mixed with lime and sold to cement manufacturers for use in their production process.
The LPD process thus provides a significant breakthrough in reducing the cost of producing solar cells. This technology has many potential uses in other fields such as fiber optics, green technology and energy, medical, electronics, science and research and hardware/utility.
However, at the present time Natcore's scientists have "identified which of the company's applications has the most direct path to commercialization," and the company is focusing on these two applications. They are Selective Emitter by LPD and Black Silicon. I am not a scientist and so I am not going to attempt to explain the details of these applications in this article. However, you can read about them on Natcore's website here.
Natcore's Latest News
On September 17th of this year, Natcore announced that Newcyte Inc., which is owned by Natcore, received a patent for a carbon nanostructure artificial retinal implant. (See details here) Dr. Dennis Flood, Natcore's Chief Technology Officer, is the inventor of this device.
Chuck Provini, Natcore's CEO said: "Because of its (artificial retinal implant) huge potential and immediate need for it, we'll probably look for a joint venture partner, a licensee, or an outright buyer to take it to market."
On the other hand, Natcore has three other applications - black silicon, the selective emitter and the flexible solar cell - that have relatively short paths to commercialization and the company is focusing on getting these developed to that point.
Additionally, on September 3rd Natcore announced that it had closed a US$3.15 million non-brokered private placement. Originally, the company planned to raise US$2.5 million in this private placement but it was oversubscribed. Being that it is not easy for small-cap companies to raise capital in the present environment, it seems that Natcore has attracted the attention and the confidence of the market.
Natcore's Share Structure
Shares Outstanding: 45,111,939
Warrants Outstanding: 14,517,197
Options Outstanding: 4,372,000
Fully Diluted: 64,001,136
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On the chart above you can see what the September 17th news on the self-powered artificial retina did to Natcore's stock price. The stock closed yesterday at .82 cents.
Natcore is definitley worth a further look if you are interested in the green energy sector as well as some of the other sectors where the company's technology may have significant commercial potential. You can visit Natcore's website here.