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SunHydrogen, Inc. (HYSR)

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Previous Close0.0412
Open0.0460
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.0430 - 0.0550
52 Week Range0.0030 - 0.0660
Volume153,064,215
Avg. Volume11,740,623
Market Cap106.934M
Beta (5Y Monthly)0.86
PE Ratio (TTM)N/A
EPS (TTM)-0.0330
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
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  • SunHydrogen Improves Hydrogen Production Device in Manufacturing Process
    GlobeNewswire

    SunHydrogen Improves Hydrogen Production Device in Manufacturing Process

    Company’s technology team has identified a better polymer combination for the solar cell assembly that will extend the lifetime of the breakthrough green hydrogen production panelSANTA BARBARA, CA , Nov. 13, 2020 (GLOBE NEWSWIRE) -- SunHydrogen, Inc. (OTC:HYSR), the developer of a breakthrough technology to produce renewable hydrogen using sunlight and water, today has announced an adjustment to the manufacturing process that will extend the lifetime of the hydrogen producing solar cell assembly by using a new combination of polymers to protect the device from photocorrosion of the solar cells. While the upgrade has caused a delay in production, the outcome has been a considerably improved product and process.   The 100 demonstration panels are now back in full manufacturing mode. A new combination of materials and methods were identified through engineering of the manufacturing process.  Previously, in August, the company disclosed that there would be a minor design change in the housing to better accommodate the fittings for hydrogen release. The minor design change was made and the fittings suitable for thin devices were identified and ordered. Currently the solar cells are processed using a custom-built system for punching silicon solar cells without shorting them, which is one of the most difficult parts of manufacturing the demonstration devices. The application of protective coatings and catalysts then protect the solar cells from corrosion.  The improvement of the manufacturing process has been invaluable to the Company as additional investment and focus is applied to the accelerated development of its breakthrough nanotechnology hydrogen generation technology.“We are extremely pleased with the improvements discovered as we work through production. The changes will ensure longer lifetimes for our devices,” said Dr. Joun Lee, CTO of SunHydrogen.  “This is exactly how the process is supposed to work in development.   Our technical team and the manufacturer work closely to improve the product, reduce its cost and effectively optimize the process.”About SunHydrogen, Inc. SunHydrogen 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 SunHydrogen, please visit our website at www.SunHydrogen.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: our ability to successfully negotiate agreements with suppliers and manufacturers of its hydrogen generation panels, our ability to procure project financing, our ability to retain the service of a qualified engineering firm to design and build a pilot plant, our ability to secure an agreement to with a partner with us for the pilot plant, 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: Info@SunHydrogen.com

  • GlobeNewswire

    SunHydrogen to Receive Capital Infusion of up to $4 million

    GHS Investments will provide funding to accelerate development of the Company’s breakthrough green hydrogen production nanotechnologySANTA BARBARA, CA , Sept. 24, 2020 (GLOBE NEWSWIRE) -- SunHydrogen, Inc. (OTCQB: HYSR), the developer of a breakthrough technology to produce renewable hydrogen using sunlight and water, today announced it has agreed to accept an equity investment of up to $4 million from GHS Investments, LLC, of Jericho, New York (“GHS”). The proceeds from the investment will be used to accelerate the development of the Company’s nanoparticle hydrogen production technology and other strategic initiatives.GHS Investments is a privately held fund focused on small to mid-cap Companies. GHS is industry agnostic and focuses on “super value” companies with a good operating entity and a strong management team.  Mark Grober, of GHS said, “We see the quality and business potential that HYSR brings forth and its commitment to building shareholder value. We are looking forward to our investment and excited to be working with HYSR."An article in Barron’s by Steve Goldstein this week states that Goldman Sachs is bullish on   investment in Green Hydrogen. Goldman, according to the article, said that it is a “once in a lifetime” opportunity and that the addressable market could be worth $11.7 trillion by 2050.  Tim Young, CEO of SunHydrogen, said, “The market opportunity is enormous. We believe that our nanoparticle hydrogen production technology will be highly scalable and will produce green hydrogen at a very low cost. Our approach is truly a breakthrough and could dramatically alter the future of renewable energy. We feel a great sense of urgency and responsibility as we accelerate our development efforts.”Mr. Young concluded, “GHS has a great reputation and will be a great partner. Their funding is timed perfectly.”The terms of the investment have been disclosed on a form 8-K filed with the U.S. Securities and Exchange Commission.About SunHydrogen, Inc.SunHydrogen 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 SunHydrogen, please visit our website at www.SunHydrogen.com. Safe Harbor StatementMatters 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.Press Contact: Info@SunHydrogen.com

  • GlobeNewswire

    SunHydrogen Accelerates Development of Its Breakthrough Renewable Hydrogen Production Technology

    To Meet the Growing Demand for Renewable Energy, the Company Dramatically Increases Funding to its Research PartnerSANTA BARBARA, CA , Sept. 08, 2020 (GLOBE NEWSWIRE) -- SunHydrogen, Inc. (OTCQB: HYSR), the developer of a breakthrough technology to produce renewable hydrogen using sunlight and water, announced today that it has renewed and expanded its sponsored research agreement with the University of Iowa funding for the next 12 months. The renewal will provide for a considerable increase in funding and staffing in order to accelerate the development of its nanotechnology-based hydrogen production technology. The expanded R&D team will focus on the development efforts needed to expedite the commercialization of its game-changing nanoparticle technology approach to renewable hydrogen.“The next 12 months will see exciting progress in the development of our technology,” said Tim Young, CEO of SunHydrogen. “The renewal of the agreement and the significant increase in funding will accelerate that development. As we have stated before, our partnership with the University of Iowa has been a key to our success to date. The work completed and the knowledge gained through our years of association with the research team at the University of Iowa will allow us to accelerate our path to commercialization.”  The timing of the Company’s accelerated development efforts coincides with a significant wave of global investment in renewal technologies. A report, published by Frost & Sullivan in July, forecasts that $3.4 trillion will be invested in renewable technologies by 2030. Powered by a strong momentum behind renewable energy, the power market is heading into the 2020s having come a great distance from the last decade. The 2020s will be a critical decade for one and all in the power industry, as the transition toward renewable energy is expected to increase in volume. “Decentralization, decarbonization and digitalization are the three key pillars of the global energy transition,” says Vasanth Krishnan, senior research analyst of industrial practice at Frost & Sullivan. Also, financial market demand for hydrogen technologies and applications has been surging. Over the past 12 months, shares of Ballard Power’s stock have more than tripled in price and the company has committed to raising $250 million through an at-the-market equity issuance. Plug Power stock is up more than 550% and FuelCell Energy shares have rocketed more than 750% over the same 12 months. Nikola, the Phoenix-based zero-emissions vehicle manufacturer, executed a $12 billion highly visible public offering in June. Mr. Young continued, “All indications from the investment sector point toward a significant commitment to the funding of our industry. The timing could not be better for our development process. We believe that our nanotechnology hydrogen technology will be a game changing breakthrough.  Because of the current interest in the sector, we anticipate that abundant funding will be available facilitate our development acceleration and commercialization. We are committed to making the hydrogen economy a reality and it appears that there is substantial investment interest to support the future of renewable hydrogen.” The agreement with the University of Iowa currently covers the extensive development work to complete and commercialize the company’s nanoparticle hydrogen production panels that will deploy a highly economical solar-to-hydrogen efficiency and has the potential of changing the way we think about energy production.  The work will continue to be led by Professor Dr. Syed Mubeen, (University of Iowa) and Dr. Joun Lee, (SunHydrogen). About SunHydrogen, Inc. SunHydrogen 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 SunHydrogen, please visit our website at www.SunHydrogen.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.Press Contact: Info@SunHydrogen.com