SANTA BARBARA, Calif., June 13, 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 extended its sponsored research agreement with the University of California, the first university the Company partnered with when it embarked on its quest to produce completely renewable, cost-efficient hydrogen.
The extended agreement with the University of California Santa Barbara (UCSB) will maintain the relationship through June 30, 2018. The agreement comes during a crucial time for the Company, as alongside the University of Iowa, UCSB is tasked with scaling HyperSolar’s renewable hydrogen production process, including the advancement of a commercial prototype using readily available amorphous silicon solar cells, as well as developing a patented nanoparticle technology that will produce economically viable “green” hydrogen.
As HyperSolar technology continues to develop in its quest to increase efficiency while reducing cost, the market for hydrogen, especially that produced by completely renewable processes, continues its rise in demand. This demand at the consumer level is driven by the influx of fuel cell vehicles (FCVs) hitting the market from major automotive manufacturers including Toyota and Hyundai, as well as innovative startups such as Nikola Motor Co. who plans to release hydrogen-fuel cell electric semi-trucks. However, infrastructure remains an existing barrier to mass FCV adoption, which has historically struggled to meet innovation and the current growing demand. HyperSolar believes its technology represents a solution to this challenge by producing completely renewable hydrogen demand at or near the point of distribution, such as a fueling station.
“We have stressed the importance of maintaining a strong relationship with the scientific teams that have led and supported the growth of HyperSolar technology,” said Tim Young, CEO of HyperSolar. “This agreement with the University of California maintains the continuity of our core scientific group, one that we anticipate leading us to eventual commercialization. Now more than ever, our focus is on demonstrating capabilities in real world environments, and reaching our potential to meet the rapidly growing market demand.”
HyperSolar’s 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
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