SOURCE: BioSolar, Inc.

December 08, 2015 03:30 ET

BioSolar Quoted by Industry Media Outlets on Key Cost Factors for the Adoption of Electric Vehicles

Increasing Battery Cycle Life and Substantially Lowering the Cost of Energy Storage Are the Keys to Achieving Rapid Adoption

SANTA CLARITA, CA--(Marketwired - December 08, 2015) - BioSolar, Inc. (OTCQB: BSRC), a developer of breakthrough energy storage technology and materials, recently shared with industry media outlets its thoughts on the potential of its super battery technology to benefit the booming electric vehicle ("EV") market. The Company's technology is aimed at providing a much longer cycle life than conventional lithium-ion batteries, while significantly reducing the cost. It does this by exploiting stable redox chemistry, which enables a much longer life than conventional Li-ion batteries based on intercalation chemistry.

In a BioSolar feature story on AltEnergyMag.com published November 30, Dr. David Lee, CEO of BioSolar was quoted as saying, "User adoption for the EV industry hinges on substantially lowering the cost of battery, which will then help bring down the purchase price of EVs. In addition to the low cost of battery storage, cycle life of the batteries has to substantially improve so that EV owners do not have to buy replacement Li-ion batteries every 5 years or so. If we are successful in reducing the cost of electrical energy storage below $100/kWh, the impact to the EV market will be substantial. This means the electric vehicles can directly compete with conventional vehicles in terms of range and cost of ownership. Manufacturers can also guarantee the battery for the lifetime of vehicle use."

In an industry trend story entitled, "Energy Storage in the Fast Lane" published by Energy Manager Today, Dr. Lee commented further on importance of battery storage research for the electric vehicle industry. "The research on batteries for EVs has had direct impact on batteries capable of powering buildings and storing energy for the grid. Technology advancement in battery technology is largely owed to the years of research and development to increase driving range, reduce costs, and improve longevity of EV batteries."

The Company recently announced that it successfully completed the first phase of its technology development, with test results indicating that lithium-ion batteries incorporating BioSolar Super Cathode technology can achieve significantly higher capacity with costs below $100/kWh, which is less than half of today's lowest cost lithium-ion batteries.

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.

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