HyperSolar Reaches New Milestones and Reveals Next Steps for Its Renewable Hydrogen Technology

HyperSolar Reaches New Milestones and Reveals Next Steps for Its Renewable Hydrogen Technology

After achieving recent milestones, the Company plans to develop a scaled up prototype that will demonstrate cost-efficient solar to hydrogen production 

SANTA BARBARA, CA – March 22, 2016 - HyperSolar, Inc. (OTCQB: HYSR), the developer of a breakthrough technology to produce renewable hydrogen using sunlight and any source of water, today disclosed the recent milestones achieved and the next steps required to successfully produce renewable hydrogen fuel in commercial systems.

HyperSolar’s scientific team at the University of Iowa has achieved a number of milestones thus far in 2016. The team has developed novel wet-chemical synthetic routes for manufacturing solar hydrogen production cells whose proposed manufacturing process is simple, low-cost and offers benefits over existing hydrogen production technologies.

HyperSolar has also developed a proprietary coating, made of inexpensive earth abundant materials, that protects the solar cells from corrosion during the hydrogen generation process. This coating was demonstrated to be very stable in hydrogen production using sunlight and seawater as the feedstock. Additionally, the team developed a novel low cost photocatalyst made of tin, cobalt and sulfur. This catalyst was demonstrated to produce hydrogen in amounts comparable to that of conventional expensive platinum based catalysts.

HyperSolar’s scientific teams will now turn their focus to further demonstrating capabilities at larger scale. The team is currently developing methods for integrating the earth abundant catalyst on top of its high efficiency multi-junction solar cell units, thus anticipating photovoltages greater than 1.6 V and current densities exceeding 8 mA/cm2. Should the Company accomplish this goal, it will then build prototypes of one square foot with demonstrable solar-to-hydrogen energy efficiency of 10% or higher, and stable operation exceeding 1,000 hours with a projected system cost of less than $5 per kg for distributed solar hydrogen.

“The milestones achieved over the last few months have been integral to demonstrating a fully capable renewable hydrogen production technology that represents a potential solution for the hydrogen fuel cell market,” said Tim Young, CEO of HyperSolar. “While we still have critical areas of development to address, we believe the advancements of our productions cells, catalysts, and coating materials provide a foundation for consistent advancement. We anticipate continuing to scale this technology by providing a prototype that clearly shows that our path to market for real world systems is viable.”

Date: Tuesday, March 22, 2016