SOURCE: BioSolar, Inc.

July 07, 2015 03:05 ET

BioSolar Extends Research Agreement With Top University to Further Develop Its Super Battery Technology

BioSolar Extends Agreement With UCSB for Technology Development Under the Supervision of Nobel Laureate, Dr. Alan Heeger

SANTA CLARITA, CA--(Marketwired - Jul 7, 2015) -  BioSolar, Inc. (OTCQB: BSRC), developer of breakthrough energy storage technology and materials, today announced that the company has signed an agreement to extend the funding of a sponsored research program at the University of California, Santa Barbara ("UCSB"), to further develop its super battery technology.

The lead inventors of the technology are UCSB professor Dr. Alan Heeger, the recipient of a Nobel Prize in 2000 for the discovery and development of conductive polymers, and Dr. David Vonlanthen, a project scientist and expert in energy storage at UCSB.

BioSolar's research program with UCSB first started in July 2014 with a focus on low cost and high performance materials and structures for supercapacitors and batteries. Based on the technical breakthroughs from this 2014 program, the Company focused its efforts on developing a super battery technology. BioSolar believes its breakthrough technology can double the storage capacity, lower the cost and extend the life of lithium-ion batteries. This extension funds the research program for another 12 months until June 2016.

The Company recently announced that it has jointly filed a patent application with the University of California, Santa Barbara ("UCSB") in order to protect intellectual property rights which forms the basis for the company's super battery technology.

"We are pleased to renew our agreement to fund a sponsored research program at UCSB to further the development of our super battery technology," said Dr. David Lee, CEO of BioSolar. "As one of the top research universities, UCSB is considered to be a global leader in bioengineering, chemical and computational engineering, materials science, nanotechnology and physics. We are confident that this team of scientific professionals will continue to progress the technology closer to our goal of achieving a $100/kilowatt-hour cost milestone for energy storage."

UCSB boasts six Nobel Laureates (five in sciences and engineering) and one winner of the prestigious Millennium Technology Prize. The 2014 Academic Ranking of World Universities ranked UCSB Engineering/Technology and Computer Science as #7 in the world.

The Company has recently updated its website at http://www.biosolar.com to reflect this new focus on super battery technology development.

About BioSolar, Inc. 

BioSolar is developing a breakthrough technology to double 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. Today's state-of-the-art lithium-ion battery is limited by the storage capacity of its cathode, while the anode can store much more. Inspired by nature, we are developing a novel cathode based on inexpensive conductive polymers and organic materials that can fully utilize the storage capacity of conventional anodes. By integrating our high capacity, high power and low-cost cathode with conventional anodes, battery manufacturers can create a super lithium-ion battery that can double the range of a Tesla, power an iPhone for 2 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.

Contact Information

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