SANTA BARBARA, Calif., July 11, 2017 (GLOBE NEWSWIRE) -- HyperSolar, Inc. (OTCQB:HYSR), the developer of a breakthrough technology to produce renewable hydrogen using sunlight and any source of water, today announced it has completed its largest prototype to date, a one square foot unit that is capable of producing hydrogen in a completely renewable process. A video of the prototype and process can be found here.
The prototype was completed with the key objective of demonstrating how the technology can be scaled up while remaining highly productive. A key challenge in maintaining the hydrogen production efficiency in a scaled-up device is managing the increased solution transport losses from one side of the cell to the other. HyperSolar uses its patent-pending process that substantially reduces the solution transport losses, thereby maintaining the efficiencies of hydrogen production in a large solar cells-based device. As the Company continues to increase the size of its working prototype, it can effectively showcase to future partners and customers its potential for real world application, such as a hydrogen fueling station or in the warehouse of a big box retailer. The latter of which has become more commonplace in American business, as evidenced by ongoing hydrogen fuel technology implementation at e-commerce titans Walmart and Amazon.
The prototype was completed at the University of Iowa campus, the site of its growing scientific team led by CTO Dr. Joun Lee and University of Iowa professor, Dr. Syed Mubeen. “With this demonstration and further improvements in stability and efficiency through innovations in catalyst integration technology, we believe our prototypes can soon be commercially viable,” said Dr. Joun Lee, HyperSolar chief technologist.
Demand for hydrogen has increased significantly in the last three years with fuel cell vehicles and power equipment coming to market from large auto manufacturers like Honda and Toyota and fuel cell makers like Plug Power. To date however, over 95% of hydrogen produced still uses a method utilizing natural gas, a fossil fuel. HyperSolar’s process is completely green and sustainable and can be deployed off grid.
“The demonstration of this working prototype represents a significant milestone in HyperSolar’s quest to produce completely renewable hydrogen at or near the point of distribution,” said Tim Young, CEO of HyperSolar. “We have executed on the key objective of successfully scaling our technology and safely producing increased volumes of renewable hydrogen. By establishing our ability to grow in size without reducing efficiency, we will turn our attention to incorporating processes and materials that will also reduce cost. If successful, we believe the potential for identifying partners to support bringing the technology to scale, as well as eventual commercialization, will continue to become more realistic.”
HyperSolar’s primary research is focused on developing a completely renewable, low-cost and submersible hydrogen production particle that can split water molecules using the power of the sun, emulating the core functions of photosynthesis. Each particle is a complete hydrogen generator that contains a novel high voltage solar cell bonded to chemical catalysts by a proprietary encapsulation coating. A video detailing the rise of hydrogen fuel technology as well as HyperSolar’s completely renewable process of hydrogen fuel production can be viewed by visiting here.
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, 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.
Press Contact: Eric Fischgrund FischTank Marketing and PR 646-699-1414 Eric@FischTankPR.com
