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HyperSolar Anticipates Market Opportunity Due to Automotive Industry's Demand for Hydrogen
Recent Announcements by Hyundai, Toyota, Honda and Mercedes-Benz Detail Auto-Industry Ambitions for Hydrogen Fuel Technology
|By Marketwired .
|April 8, 2014 03:15 AM EDT
SANTA BARBARA, CA -- (Marketwired) -- 04/08/14 -- HyperSolar, Inc. (OTCQB: HYSR), the developer of a breakthrough technology to produce renewable hydrogen using sunlight and any source of water, today commented on the recent announcements from auto manufacturers committing to hydrogen fuel technology and innovation, increasing viability of alternative fuels for the future.
A recent article, "US Driving Research on Hydrogen Fuel Cells" by Bill Scanlon, of National Renewable Energy Laboratory (NREL), said, "The driving public has long been tantalized by the allure of a vehicle that emits nothing but water from its tailpipe, but now that Toyota, Hyundai, and Honda have all committed to putting them on the market by 2015, the stakes have changed." The article also references the advantages of hydrogen fuel vs. combustion engines, the critical need for infrastructure such as charging stations, and the industry's rapid growth since 2005.
The last month has been one of great significance for the hydrogen production industry. Hyundai recently announced production of a hydrogen fuel cell car, Toyota unveiled advancements at the most recent CES (Consumer Electronic Show), and Honda recently announced ambitions to launch an international fuel cell car in 2015. Additionally, Plug Power Chief Executive Andy Marsh's comments earlier this month signaling a deal with a major global auto manufacturer kept hydrogen fuel at the forefront of the alternative energy discussion.
"As developers of a breakthrough technology to produce renewable hydrogen, we are very encouraged by recent statements and actions from large auto manufacturers exploring alternative fuel options," said Tim Young, CEO of HyperSolar. "Knowing that the market exists and is hungry for hydrogen fuel further substantiates our efforts to develop low cost hydrogen production systems for commercial use. We are confident that as fuel cell manufacturing becomes more cost efficient, in part due to technologies like HyperSolar's, the global market for clean fuel will expand dramatically."
HyperSolar has been riding a wave of momentum of late, recently announcing the filing of a patent application with the University of California, Santa Barbara ("UCSB") for the "method of manufacture of multi-junction artificial photosynthetic cells." This development brings the Company one step closer to achieving the critical 1.5 volts required for splitting water molecules into hydrogen and oxygen -- signifying the potential for HyperSolar technology to develop hydrogen from water at the same cost as hydrogen developed from natural gas.
HyperSolar's technology is based upon the concept of developing a low-cost, submersible hydrogen production particle 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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