SANTA BARBARA, Calif., June 19, 2018 (GLOBE NEWSWIRE) -- HyperSolar, Inc. (OTCQB:HYSR), the developer of a
breakthrough technology to produce renewable hydrogen using sunlight and water, announced today that it has extended its sponsored
research agreement with the University of Iowa through May 31, 2019. The new commitment will allow the Company to continue to
aggressively pursue a hydrogen production technology process intended to meet the internationally growing demand for renewable
hydrogen, fueled by the transportation and materials handling sectors.
Achievements of the Iowa team led by University of Iowa Assistant Professor Dr. Syed Mubeen and HyperSolar CTO Dr. Joun Lee over
the previous year that moved HyperSolar closer to commercialization include:
- Completion of one square foot prototype demonstrating increased capability to produce renewable hydrogen utilizing
commercially available silicon solar cells
- Significant cost reduction by replacing expensive platinum material components with novel low platinum group metal-free
hydrogen evolution catalyst.
- Development and demonstration of a 3-D low-cost earth abundant oxygen evolution catalyst operating and maintaining stability
over 1000 hours.
- Filed utility patent protection of its proprietary generator housing design for the safe and highly efficient production of
renewable hydrogen.
- Record setting stability test of its proprietary fully integrated photoelectricalchemical hydrogen production device
surpassing 294 hours of hydrogen production without any degradation, the longest period recorded.
- Significant gains in HyperSolar second-generation nanoparticle technology through focused R&D.
“As we move closer to building a full demonstration pilot plant with our first-generation technology, extending the relationship
with University of Iowa has been a top priority as they have been instrumental in increasing the speed-to-market for HyperSolar
technology,” said Tim Young, CEO of HyperSolar. “We have always understood that the goal for low-cost renewable hydrogen production
would require time and patience, yet the capabilities of HyperSolar technology have expanded rapidly, a credit to the University of
Iowa as well as our first university partner, University of California, Santa Barbara.”
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.
Press Contact:
Eric Fischgrund
FischTank Marketing and PR
Eric@FischTankPR.com
