HyperSolar, Inc. (OTC:HYSR), the developer of a breakthrough technology
to produce renewable hydrogen using sunlight and any source of water,
today announced its plan to build renewable hydrogen generators for
commercial use. Named the H2Generator, the company’s first
commercial product is expected to sell at a substantially lower price
than other renewable hydrogen systems that rely on expensive and energy
intensive electrolyzers to split water.
“We believe that we can offer a cost competitive renewable hydrogen
alternative for those who need power 24/7,” said Tim Young, CEO of
HyperSolar. “We believe that our intensive R&D efforts will finally pay
off in the form of a go to market commercial product. One key discovery
was an efficient and low cost polymer protective coating that will allow
us to protect solar devices against photocorrosion. Using this coating
to treat traditional silicon solar cells, we are able to eliminate the
expensive electrolyzer by integrating the electrolysis function directly
into a solar cell immersed in water.
“We have given our tech team the green light to complete the product
design required to build the first demonstration system,” Young
continued. “With a demonstration system in hand, we can then move to the
manufacturing phase of the business.”
The HyperSolar H2Generator will be designed to be a linearly scalable
and self-contained renewable hydrogen production system. As a result, it
is intended to be installed almost anywhere to produce hydrogen fuel for
local use. This distributed model of hydrogen production will address
one of the greatest challenges of using clean hydrogen fuel on a large
scale – the need to transport hydrogen in large quantities.
Each stage of the HyperSolar H2Generator can be scaled independently
according to the hydrogen demands and length of storage required for a
specific application. A small scale system can be used to produce
continuous renewable electricity for a small house, or a large scale
system can be used to produce hydrogen to power a community.
About HyperSolar, Inc.
HyperSolar has developed 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,
our low cost device mimics 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.
