SANTA CLARITA, CA--(Marketwired - January 10, 2017) - BioSolar, Inc. (OTCQB: BSRC), a developer of breakthrough energy storage technology and materials, today referenced its recent attendance at the Annual Lithium Battery Power Conference, reinforcing the Company's emphasis on achieving not only breakthroughs in efficacy, but maintaining safeguards and protocols that ensure commercial viability.
BioSolar CEO David Lee attended the November 2016 Annual Lithium Battery Power Conference in Bethesda, Maryland, where leading industry engineers and researchers addressed a range of topics spanning breakthroughs in novel battery chemistries, the development of high-capacity cathodes/anodes, and system integration and applications for novel battery technologies. Battery safety was also a main focus at the conference, as news about the Samsung's mobile battery explosions have greatly impacted perspectives on lithium battery technology.
"As researchers continue to advance battery technologies, battery safety and increased performance should continue to inform their approach to development," says Dr. Lee. "BioSolar's leadership and technology team fully realizes the importance of both efficacy and safety, two components we deem crucial to the future commercialization and success of our battery technology."
This month's Today's Energy Solutions magazine highlights BioSolar's silicon-based anode battery technology for next generation lithium-ion batteries. BioSolar's research and development focuses on enhancing both the anode and the cathode, two key components of any battery technology. This strategy is representative of the Company's view that for energy storage to be practical and cost efficient, it's important to address underlying battery chemistries. BioSolar is working towards commercialization of its technology with the goal of increasing energy capacity, extending the life cycle, and reducing the cost of lithium-ion batteries.
This push towards development and eventual commercialization of BioSolar battery technology comes at a time when opportunities in the US Energy market are significantly expanding. As referenced in a recent article published by Vox Media, the Federal Energy Regulatory Commission (FERC) proposed new rules allowing broader access for Companies developing distributed energy resources (DERs), which includes batteries, solar panels, smart energy-management software, to regional markets where they can compete directly with big power plants.
About BioSolar, Inc.
BioSolar is developing a breakthrough technology to increase the storage capacity, lower the cost and extend the life of lithium-ion batteries. A battery contains two major parts, a cathode and an anode, that function together as the positive and negative sides. BioSolar initially focused its development effort on high capacity cathode materials since most of today's Li-ion batteries are "cathode limited." With the goal of creating the company's next generation super battery technology, BioSolar is currently investigating high capacity anode materials recognizing the fact that the overall battery capacity is determined by combination of both cathode and anode. By integrating BioSolar's high capacity cathode or anode, battery manufacturers will be able to create a super lithium-ion battery that can double the range of a Tesla, power an iPhone for two days straight, or store daytime solar energy for nighttime use. Founded with the vision of developing breakthrough energy technologies, BioSolar's previous successes include the world's first UL approved bio-based back sheet for use in solar panels.
To learn more about BioSolar, please visit our website at http://www.biosolar.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. 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.