SANTA BARBARA, Calif., Oct. 17, 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 filed a patent for U.S. and International protection of its novel solar hydrogen panel that safely splits water molecules with high hydrogen production efficiency.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/df9d7c89-5b10-4655-a9d6-db9d8dcdbfba.
This proprietary panel design houses water with an immersed array of HyperSolar’s self-contained solar hydrogen production devices. The unique design has inlets and outlets for water intake and hydrogen extraction. Within the panel is a unique membrane structure that safely separates oxygen from hydrogen, and increases proton transport for high solar-to-hydrogen efficiency. This design process can be scaled up and manufactured for commercial use for hydrogen production at or near the point of use for fuel cell applications, such as vehicles or materials handling equipment. A video of HyperSolar’s prototype can be viewed here: https://www.youtube.com/watch?v=oydyQN0Mp8M
The vast potential for hydrogen technologies has continued to generate increased interest from businesses spanning a number of industries. Recently, automobile maker Lexus (owned by Toyota), referred to hydrogen as the fuel of the future, stating “…both hybrid and EVs are merely bridging technologies on the way to the solution, which is hydrogen.” In more industrial markets, 2016 saw the largest markets for fuel cells (stationary power, backup power, and material handling equipment) double in capacity of shipments in megawatts compared to 2014, as nearly 65,000 fuel cells were shipped worldwide.
“As a result of the efforts by Chief Technologist Dr. Joun Lee and the team at the University of Iowa, HyperSolar’s technology has advanced closer to commercial viability with this unique design,” said Tim Young, CEO of HyperSolar. “The market for fuel cell technology is growing exponentially due to the commercial successes of companies like Plug Power (PLUG) and Ballard Power (BLDP), and nearly every auto manufacturer coming to the market with a hydrogen vehicle. To maintain and build upon this progress, it is increasingly important that we develop a renewable form of hydrogen production rather than relying on the current natural gas steam reforming techniques, which produce a fossil-fuel hydrogen.”
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.
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