Thursday, December 4, 2008

NATCO International, Inc. (NCII.OB) Lassen Hybrid Solar Panel Receives Independent Verification

Today, NATCO International excitedly announced that it has received an independent third party report that verifies the performance of the Lassen Hybrid Solar Panel(TM). According to the press release, the tests indicated up to 208 volts and over 2,000 watts of power output.

Raj Gurm, CEO of NATCO, stated, “We are pleased that the Lassen Hybrid Solar Panel(TM) prototype tested as we anticipated it would. We will now move forward with additional development that we envision will make solar energy a cost effective alternative energy source.”

The Lassen Hybrid Solar Panel was founded on the basis of Darry L Boyd’s inventions and innovations. As with all Photovoltaic systems, the panel relies on activating electrons to produce direct current (DC). The testing was conducted over a multiday period. Measurements averaged 13 amps and 208 volts, which calculates to 2704 watts, with peaks over 3,000 watts.

While the average cost per Watt in the United States is approximately $4.83, the Lassen Hybrid Solar Panel is anticipated to provide energy at less than $3.00 per Watt. It is also expected that only 1 to 2 panels will be required to generate enough electricity to power a typical U.S. residence, versus the 10 to 20 panels when using conventional solar technology.

NATCO International and its partner Lassen Energy Inc. are currently in the process of finalizing the Share Transfer and License Agreement and are working closely with each other to bring the Lassen Hybrid Solar Panel to the market with further development of prototypes and eventual UL certification.

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