SANTA BARBARA, CA — (Marketwired) — 11/03/14 — HyperSolar, Inc. (OTCQB: HYSR), the developer of a breakthrough technology to produce renewable hydrogen using sunlight and water, today announced that it has entered into a one year agreement with the University of Iowa to help accelerate the company–s research and development efforts to reach its goal of producing commercially viable renewable hydrogen.
The University of Iowa possesses a reputation for pioneering advancements in the renewable energy technologies and sustainable practices in and around the campus. Its state-of-the-art “Sustainable Energy Discovery District” initiative with Solar E-car charging station, alternative fuel vehicle fleet, solar panel technologies on Cambus Maintenance facility, etc. epitomizes its leadership role towards developing a sustainable future. Its excellence in energy efficiency research is well recognized and continues to grow. Recently, a graduate from University of Iowa was for her work with hydrogen fuel cell storage.
“We are thrilled to add experienced and knowledgeable scientists from yet another prestigious University to our research group,” said Tim Young, CEO of HyperSolar. “The great team at the University of California, Santa Barbara (UCSB) has helped us achieve a number of major breakthroughs toward renewable hydrogen fuel production. We believe that the addition of the University of Iowa will help us reach the major milestone of 1.5 volts needed for direct solar water-splitting. We believe that reaching this major milestone will allow us to cost effectively produce renewable hydrogen at or near the point of distribution.”
The University of Iowa team will be led by Dr. Syed Mubeen Hussaini who joined the University as a Professor in August and has been instrumental in HyperSolar–s progress while leading the research at University of California, Santa Barbara.
HyperSolar–s technology is based on 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 .
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 .
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.
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