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NATCO Announces Lassen Hybrid Solar Panel " Is Independently Verified!

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  Published in House and Home on Thursday, December 4th 2008 at 8:48 GMT by Market Wire
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SURREY, British Columbia--([ BUSINESS WIRE ])--NATCO International, Inc. ("NATCO") (OTCBB: NCII) is pleased to announce that it has received an independent third party report verifying the performance of the Lassen Hybrid Solar Panel™. The verification tests indicated up to 208 volts and over 2,000 watts of power output. The independent verification met requirements to the satisfaction of NATCO in order to complete the ("Share Transfer and License Agreement") with Lassen and its affiliates as laid out in the recent Form 8K filed with the Securities and Exchange Commission on November 26, 2008. "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."

DESCRIPTION OF TEST

The testing was conducted over a multiple day period using one Lassen Hybrid Solar Panel™ prototype measuring 62.5 x 32.5x3.5 inches. As part of the test, six (6)-half (1/2) horsepower Dayton motors and four (4)-500 watt Lithonia lights were attached to the panel. Measurements averaged 13 amps and 208 volts, which calculates to 2704 watts, with peaks over 3000 watts.

LASSEN HYBRID SOLAR PANEL™

OVERVIEW

The Lassen Hybrid Solar Panel™ is based on inventions and innovations of Darry L Boyd who is Lassen Energy Inc.'s CEO. Like all Photovoltaic systems it relies on activating electrons to produce direct current (DC). When this technology is combined with other panel components, the cost of the panel per Watt is decreased and the Watt production is increased.

PV SOLAR SYSTEM COMPARISONS

Currently, there are multiple manufacturers and vendors of PV solar panels in the United States. Most use silicon cells, but there are some that use thin film. A typical panel's specification could be:

Average cost per Watt as of September 2008 in the United States is approximately $4.83 and in Europe approximately $4.65. Normally, it takes between ten (10) and twenty (20) panels to generate sufficient electricity to power a typical US residence.

It is envisioned that when the Lassen Hybrid Solar Panel™ is commercially available, its solar panel's specifications could be:

Cost per Watt is projected to be less than $3.00 in the USA, and with the productive capacity of the system, only 1 to 2 panels would be necessary to generate sufficient electricity to power a typical US residence.

Natco International Inc. together with its partner Lassen Energy Inc. is now in the process of finalizing the ("Share Transfer and License Agreement") and working closely in an effort to bring the Lassen Hybrid Solar Panel™ to the market with further development of the prototypes, and eventually obtaining UL certification.

Forward-Looking Statements

This press release contains certain statements that may include "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding NATCO's business strategy, plans and objective and statements of non-historical information. These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects," "intends" or similar expressions, involve known and unknown risks and uncertainties. Although NATCO believes that the expectations reflected in these forward-looking statements are reasonable, they may prove to be incorrect and do involve assumptions, risks and uncertainties. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. NATCO's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in NATCO's periodic reports that are filed with and available from the Securities and Exchange Commission. All forward-looking statements attributable to NATCO or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, NATCO does not assume a duty to update these forward-looking statements.