|By Marketwired .||
|August 19, 2014 03:05 AM EDT||
SANTA BARBARA, CA -- (Marketwired) -- 08/19/14 -- HyperSolar, Inc. (OTCQB: HYSR), the developer of a breakthrough technology to produce renewable hydrogen using sunlight and water, commented today on the significance of hydrogen growth in foreign countries, further signifying and advancing hydrogen fuel cell expansion.
In just the last two months, Japan, Denmark, and the United Kingdom have announced significant technological breakthroughs and ambitious plans to support hydrogen fuel powered vehicles, and industrial and manufacturing development. On June 19, Japan laid out a timeline for objectives and actions over the next 25 years to commercialize fuel cell vehicles and utilize hydrogen energy applications for other areas of use. Similarly, and an example of hydrogen fuel cell infrastructure growth, Air Liquide announced the planned installation of four hydrogen filing stations in Denmark, as supported by the European Commission. In technology development news, UK researchers from the Science and Technology Facilities Council recently announced a breakthrough that they believe would make hydrogen fuel production storage and cost more viable for commercialization.
The announcements and development overseas add further momentum to the hydrogen fuel industry that has seen a surge of interest and capitalization in 2014. Large companies such as Toyota, Hyundai, Walmart, and others have committed to hydrogen fuel either in planning and funding, or by placing orders or entering into agreements with companies like PLUG Power and Ballard Power Systems. This growth has been sustain from international support, such as the International Energy Agency recently outlining how "...hydrogen fuel cell vehicles and plug-in electric vehicles account for more than half of on-road passenger cars by 2050..."
"This year has been substantial in terms of interest and attention drawn to the burgeoning hydrogen fuel industry," said Tim Young, CEO of HyperSolar. "These announcements from Denmark, Japan, and the UK are all reflective of the potential role that hydrogen fuel can play in future applications such as personal and commercial transportation. At HyperSolar, we view these developments as opportunities to implement our technology at or near the point of distribution -- be it in manufacturing facilities or filling stations -- by providing a cost-efficient and renewable resource for hydrogen fuel. "
HyperSolar's technology is based on 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. The company announced earlier this year that it had achieved 1.2 open circuit voltage progressing towards its goal of 1.5 open volts.
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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