HyperSolar Eyes Growing Demand for Hydrogen
March 04 2014 - 3:07AM
Marketwired
HyperSolar Eyes Growing Demand for Hydrogen
Walmart, Sprint, FedEx and Other Large Companies Commit to Using
Hydrogen Fuel Cells for a Number of Applications
SANTA BARBARA, CA--(Marketwired - Mar 4, 2014) - HyperSolar,
Inc. (OTCQB: HYSR), the developer of a breakthrough technology to
produce renewable hydrogen using sunlight and any source of water,
today commented that it is strongly encouraged by recent
commitments of Fortune 500 companies to use hydrogen fuel cells for
a number of applications.
Last week, Walmart, the world's biggest retailer announced it
had ordered an additional 1,738 GenDrive cells from Plug Power to
be used in lift trucks at their six North American distribution
centers. (http://onforb.es/1evJK2k)
In January of this year, both Sprint and FedEx announced they
were increasing their use of fuel cell technology. Sprint said it
would begin deploying hydrogen fuel cell technology as backup power
to rooftop network sites replacing diesel generators.
(http://bit.ly/1fwaknu) FedEx placed an order with Plug Power for
Fuel Cell Extenders to increase the range of their fleet of
electric delivery trucks. (http://bit.ly/1kymv86)
Tim Young, CEO of HyperSolar, commented, "With our commitment to
develop a method for onsite renewable hydrogen production, we are
encouraged by the growing demand for hydrogen production
infrastructure. Toyota, Hyundai, and Honda have led the way with
recent announcements about new fuel cell cars. Many big companies,
including Walmart, are now using fuel cells to power warehouse lift
trucks. We believe that Sprint's commitment to deploy fuel cells as
a source of backup power is just the very small tip of the very
large iceberg for this type of application."
"The missing link for commercial success is an economical source
of renewable hydrogen," continued Mr. Young. "Today the feedstock
to produce hydrogen for all these commercial applications is
natural gas. While natural gas is plentiful, the supply is not
infinite and it certainly isn't renewable. Also, there is a
distribution problem that must be solved. At HyperSolar, our goal
is to use our proprietary technology to produce renewable hydrogen
at or near the point of distribution or deployment."
HyperSolar's research is centered on developing a low-cost and
submersible hydrogen production particle that can split water
molecules under 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 of an
early proof-of-concept prototype can be viewed at
http://hypersolar.com/application.php. HyperSolar recently extended
its sponsored research agreement with UCSB to further the
development.
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 http://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.
Press Contact: Tim Young HyperSolar, Inc. 510 Castillo St. Suite
304 Santa Barbara, CA 93101 Email Contact Office: 805-966-6566
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