HyperSolar Extends Agreement With Top University Following Recent Hydrogen Production Milestone
Company Extends Research Agreement With University of California, Santa Barbara With Intent to Focus on the System Aspects and Cost Models of Commercial Scale Renewable Hydrogen Production
SANTA BARBARA, CA--(Marketwired - December 16, 2014) - HyperSolar, Inc. (HYSR), the developer of a breakthrough technology to produce renewable hydrogen using sunlight and water, announced today that it has extended its sponsored research agreement with the University of California, Santa Barbara (UCSB) through December 31, 2015, as the Company continues its pursuit of its hydrogen production technology intended to meet the internationally growing demand for hydrogen fuel.
The announcement comes on the heels of a recent technological breakthrough, as the Company reported it has exceeded the 1.23 volts threshold required for artificial photosynthesis to split water into hydrogen and oxygen. HyperSolar's technology, which achieved 1.25 volts, could potentially be used to produce hydrogen at the point of use. While 1.23 volts is the theoretical minimum needed to split water molecules, HyperSolar anticipates requiring 1.5 volts or more to do so effectively in real world systems.
The University of California, Santa Barbara, has been working closely with HyperSolar for nearly three years in developing this breakthrough technology. Recently, the University of Iowa was added to the research and development team, giving HyperSolar the support of two leading universities as it continues its pursuit of commercially viable renewable hydrogen. As the technology progresses, the University of Iowa team will continue to focus on increasing the voltage of the technology, while the UCSB team will focus more on the technology's production aspects and cost models for scaled up systems.
"We are pleased to continue our relationship with the scientific team at UCSB, who has proven to be instrumental in leading our R&D efforts," said Tim Young, CEO of HyperSolar. "Coupled with the efforts from the University of Iowa group, we are thrilled to have two exceptional universities focused on advancing our technology toward the goal of commercialization. 2014 has been such an important year for the hydrogen fuel industry, as its potential for commercial, industrial, and consumer-level applications has come into much greater focus. We believe that our technology will play a critical role within hydrogen fuel infrastructure for the future, providing cost-efficient, renewable hydrogen at or near the point of distribution."
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.
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.
