January 15, 2014 03:15 ET
HyperSolar Extends Agreement With Top University for Research and Development
Company Extremely Pleased With Progress at UC Santa Barbara for Green Hydrogen Production Process
SANTA BARBARA, CA–(Marketwired – Jan 15, 2014) – HyperSolar, Inc. (OTCQB: HYSR), the developer of a breakthrough technology to produce renewable hydrogen using sunlight and any source of water, today announced that it has extended its sponsored research agreement with the University of California, Santa Barbara (UCSB) through July of 2014.
HyperSolar’s research is centered on developing a low-cost and submersible hydrogen production particle that can split water molecules under the sun, emulating the core functions of photosynthesis. Each particle is a complete hydrogen generator that contains a novel low-cost high-voltage solar cell bonded to chemical catalysts protected by a proprietary encapsulation coating. A video of an early proof-of-concept prototype can be viewed at http://hypersolar.com/application.php.
In the next phase of the research program with UCSB, the team aims to achieve the following milestones:
1. Fabricate solar absorbers using low cost methods
2. Build a low cost 1.5 volt prototype particle capable of direct water splitting
Tim Young, CEO of HyperSolar, said, “Our cutting-edge research program at the University of California Santa Barbara led by Dr. Syed Mubeen Hussaini continues to make impressive progress. The recently announced 1.1 volt milestone is very exciting in that it provides us with a clear and encouraging roadmap to reach the 1.5 volts needed for splitting water molecules into hydrogen and oxygen. We believe that producing renewable hydrogen anywhere there is water and sunlight is the key to realizing a sustainable hydrogen economy. For example, using our technology, hydrogen fueling stations could be built next to self-contained solar hydrogen production plants.”
“We are very encouraged by the recent announcements from Hyundai, Honda, Toyota and other major auto manufacturers regarding the delivery of hydrogen fuel cell cars next year,” continued Young. “We believe there is going be increasing demand for a greener way to produce hydrogen, and we believe that the best way to make green hydrogen is using sunlight and water.”
About HyperSolar, Inc.
HyperSolar is developing a breakthrough, low cost technology to make renewable hydrogen using sunlight and any source of water, including seawater and wastewater. Unlike hydrocarbon fuels, such as oil, coal and natural gas, where carbon dioxide and other contaminants are released into the atmosphere when used, hydrogen fuel usage produces pure water as the only byproduct. By optimizing the science of water electrolysis at the nano-level, our low cost nanoparticles mimic photosynthesis to efficiently use sunlight to separate hydrogen from water, to produce environmentally friendly renewable hydrogen. Using our low cost method to produce renewable hydrogen, we intend to enable a world of distributed hydrogen production for renewable electricity and hydrogen fuel cell vehicles. To learn more about HyperSolar, please visit our website at http://www.HyperSolar.com.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “believe,” “estimate,” “may,” “intend,” “expect” and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.