HyperSolar Files Patent for High Voltage Solar Cell Component for Water-Splitting Hydrogen Process
Patent’s full coverage excludes others from making, using, or selling the technology process; also creates licensing opportunities
SANTA BARBARA, CA – - HyperSolar, Inc. (HYSR), the developer of a breakthrough technology to produce renewable hydrogen using sunlight and any source of water, today announced that it has jointly filed a full utility patent application with the University of California, Santa Barbara (“UCSB”) for the “method of manufacture of multi-junction artificial photosynthetic cells.”
“As hydrogen fuel technology continues to garner attention from the mainstream consumer as well as industrial sectors, the industry is set to become as competitive as solar and wind energies,” said Tim Young, CEO of HyperSolar. “As we work with our partners, the University of Iowa and University of California, Santa Barbara, to scale our process for producing completely renewable, or “green hydrogen” at or near the point of distribution, HyperSolar will only become more prominent. This patent ensures that we not only protect our technology, but also allows us to facilitate licensing efforts as we progress towards commercialization.”
Inspired by expensive space shuttle multi-junction solar cells where different layers of semiconductor materials are stacked together to maximize solar conversion efficiency, this patent application claims a novel low cost and high voltage multi-junction solar cell made from a single material. The single material has a low cost per watt and the voltage achieved so far in the laboratory is very close to the critical 1.5 volts required for splitting water molecules into hydrogen and oxygen. If successfully developed, the company believes that this technology can produce renewable hydrogen from water (“green hydrogen”) that is cost competitive with hydrogen that is currently produced from natural gas (“brown hydrogen”). The Company believes licensing opportunities can be created through various industry applications, such as for car charging stations, retail distribution centers, and facilities that would benefit from cost-efficient hydrogen developed 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/
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, 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.
Date: Tuesday, March 17, 2015