NATCO International, Inc. has received independent an third party report verifying the performance of its Lassen Hybrid Solar Panel. The tests showed that up to 208V and over 2,000W of power output were supplied. The test has met satisfied requirements for NATCO to be able to complete the share transfer and license agreement with Lassen and its affiliates as arranged in the 26 November 2008 Form 8K filed with the Securities and Exchange Commission.
“We are pleased that the Lassen Hybrid Solar Panel prototype tested as we anticipated it would,” said Raj Gurm, CEO of NATCO. “We will now move forward with additional development that we envision will make solar energy a cost effective alternative energy source.”
The solar panel was developed by Darry L. Boyd, Lassen Energy, Inc.’s CEO. It relies on triggering electrons to produce direct current. Combining this with other panel components, the cost of the panel per watt is decreased and the watt production is increased.
NATCO and Lassen Energy, Inc. are now finalizing their share and transfer agreement and working to bring the Lassen Solar Panel to the market with additional developments of the prototypes and ultimately achieving UL certification.