SANTA BARBARA, Calif., June 19, 2018 (GLOBE NEWSWIRE) — HyperSolar, Inc. (OTCQB:HYSR), the developer of a breakthrough technology to produce renewable hydrogen using sunlight and water, announced today that it has extended its sponsored research agreement with the University of Iowa through May 31, 2019. The new commitment will allow the Company to continue to aggressively pursue a hydrogen production technology process intended to meet the internationally growing demand for renewable hydrogen, fueled by the transportation and materials handling sectors.
Achievements of the Iowa team led by University of Iowa Assistant Professor Dr. Syed Mubeen and HyperSolar CTO Dr. Joun Lee over the previous year that moved HyperSolar closer to commercialization include:
- Completion of one square foot prototype demonstrating increased capability to produce renewable hydrogen utilizing commercially available silicon solar cells
- Significant cost reduction by replacing expensive platinum material components with novel low platinum group metal-free hydrogen evolution catalyst.
- Development and demonstration of a 3-D low-cost earth abundant oxygen evolution catalyst operating and maintaining stability over 1000 hours.
- Filed utility patent protection of its proprietary generator housing design for the safe and highly efficient production of renewable hydrogen.
- Record setting stability test of its proprietary fully integrated photoelectricalchemical hydrogen production device surpassing 294 hours of hydrogen production without any degradation, the longest period recorded.
- Significant gains in HyperSolar second-generation nanoparticle technology through focused R&D.
“As we move closer to building a full demonstration pilot plant with our first-generation technology, extending the relationship with University of Iowa has been a top priority as they have been instrumental in increasing the speed-to-market for HyperSolar technology,” said Tim Young, CEO of HyperSolar. “We have always understood that the goal for low-cost renewable hydrogen production would require time and patience, yet the capabilities of HyperSolar technology have expanded rapidly, a credit to the University of Iowa as well as our first university partner, University of California, Santa Barbara.”
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 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, th e 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.
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