|By Marketwired .||
|March 25, 2014 03:53 AM EDT||
SANTA BARBARA, CA -- (Marketwired) -- 03/25/14 -- 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 jointly filed a patent application with the University of California, Santa Barbara ("UCSB") for the "method of manufacture of multi-junction artificial photosynthetic cells."
"The hydrogen fuel cell industry has been abuzz lately in part due to Walmart's partnership with Plug Power, and Hyundai, BMW and other auto manufacturer's commitment to hydrogen fuel," said Tim Young, CEO of HyperSolar. "That being said, the infrastructure surrounding hydrogen production is as crucial as the fuel cell technology. We believe that our process of mimicking photosynthesis by splitting water molecules provides the lowest-cost and scalability that the industry will need as it continues to establish relationships with international brands and projects. This patent, which improves the durability and efficiency of the semiconductor, brings HyperSolar one step closer to achieving that goal."
Inspired by expensive space shuttle multi-junction solar cells where different layers of semiconductor materials are stacked together to maximize solar conversion efficiency, this patent application claims a novel low cost and high voltage multi-junction solar cell made from a single material. The single material has a low cost per watt and the voltage achieved so far in the laboratory is very close to the critical 1.5 volts required for splitting water molecules into hydrogen and oxygen. If successfully developed, the company believes that this technology can produce renewable hydrogen from water ("green hydrogen") that is cost competitive with hydrogen that is currently produced from natural gas ("brown hydrogen").
HyperSolar's technology is based on the concept of developing a low-cost, submersible hydrogen production particles that can split water molecules using sunlight without any other external systems or resources - acting as artificial photosynthesis. A video of an early proof-of-concept prototype can be viewed at http://hypersolar.com/application.php.
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.
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