HyperSolar Anticipates Market Opportunity Due to Automotive Industry's Demand for Hydrogen
April 08 2014 - 3:15AM
Marketwired
HyperSolar Anticipates Market Opportunity Due to Automotive
Industry's Demand for Hydrogen
Recent Announcements by Hyundai, Toyota, Honda and Mercedes-Benz
Detail Auto-Industry Ambitions for Hydrogen Fuel Technology
SANTA BARBARA, CA--(Marketwired - Apr 8, 2014) -
HyperSolar, Inc. (OTCQB: HYSR), the developer of a
breakthrough technology to produce renewable hydrogen using
sunlight and any source of water, today commented on the recent
announcements from auto manufacturers committing to hydrogen fuel
technology and innovation, increasing viability of alternative
fuels for the future.
A recent article, "US Driving
Research on Hydrogen Fuel Cells" by Bill Scanlon, of National
Renewable Energy Laboratory (NREL), said, "The driving public has
long been tantalized by the allure of a vehicle that emits nothing
but water from its tailpipe, but now that Toyota, Hyundai, and
Honda have all committed to putting them on the market by 2015, the
stakes have changed." The article also references the advantages of
hydrogen fuel vs. combustion engines, the critical need for
infrastructure such as charging stations, and the industry's rapid
growth since 2005.
The last month has been one of
great significance for the hydrogen production industry. Hyundai
recently announced production of a hydrogen fuel cell car, Toyota
unveiled advancements at the most recent CES (Consumer Electronic
Show), and Honda recently announced ambitions to launch an
international fuel cell car in 2015. Additionally, Plug Power
Chief Executive Andy Marsh's comments earlier this month signaling
a deal with a major global auto manufacturer kept hydrogen fuel at
the forefront of the alternative energy discussion.
"As developers of a
breakthrough technology to produce renewable hydrogen, we are very
encouraged by recent statements and actions from large auto
manufacturers exploring alternative fuel options," said Tim Young,
CEO of HyperSolar. "Knowing that the market exists and is hungry
for hydrogen fuel further substantiates our efforts to develop low
cost hydrogen production systems for commercial use. We are
confident that as fuel cell manufacturing becomes more cost
efficient, in part due to technologies like HyperSolar's, the
global market for clean fuel will expand dramatically."
HyperSolar has been riding a
wave of momentum of late, recently announcing the filing of a
patent application with the University of California, Santa Barbara
("UCSB") for the "method of manufacture of multi-junction
artificial photosynthetic cells." This development brings the
Company one step closer to achieving the critical 1.5 volts
required for splitting water molecules into hydrogen and oxygen --
signifying the potential for HyperSolar technology to develop
hydrogen from water at the same cost as hydrogen developed from
natural gas.
HyperSolar's technology is
based upon 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/application.php.
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:
Eric Fischgrund FischTank Marketing and PR Email Contact
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