HyperSolar Surpasses 1000 Hour Hydrogen Production Milestone
Company’s development of its first-generation renewable hydrogen generator reaches a critical objective as the device stability surpasses a record 1000 hours using improved coating and catalyst technologies
SANTA BARBARA, CA –May 21, 2019 - HyperSolar, Inc. (OTCQB: HYSR), the developer of a breakthrough technology to produce renewable hydrogen using sunlight and any source of water, announced today that the stability test of its proprietary fully integrated hydrogen production device has surpassed 1000 hours. The device will serve as the foundation of the Company’s first-generation commercial renewable hydrogen generator.
The Company has focused on increasing the stability of the proprietary all-in-one hydrogen production device, working toward the 1000-hour target, since 2018. The stability test was conducted under continuous simulated peak sunlight illumination by the research team at the University of Iowa. The solar cell at the core of the hydrogen panel remained operational after the completion of the stability test. However, the hydrogen production rate began to decrease after 600 hours. The components integrated onto the device were identified to be the cause of the deteriorating device performance. The company is currently in process of improving the device components to remain stable for longer periods of operational time.
Stability of solar hydrogen device over 1000 hours translate to 6 months of lifetime in sunny states like California, or to 1 year of lifetime in average. Extension of lifetime of the device can significantly lower the levelized cost of hydrogen making it more economical for users.
“This is a landmark achievement for our research team,” said Tim Young, CEO of HyperSolar. “This step brings us considerably closer to being able to produce hydrogen panels for our pilot plant, referenced in previous announcements Furthermore, as we finalize work on other elements of the device, we will continue to improve the panel’s stability performance without compromising the hydrogen production efficiency, which will, in turn, reduce the cost of the hydrogen even further. We are very encouraged by this progress.”
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: 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.
