SOURCE: HyperSolar, Inc.

HyperSolar, Inc.

January 20, 2015 04:00 ET

HyperSolar Comments on Toyota Release of Over 5,000 Patents Designed to Spur Growth in Hydrogen Fuel Sector

Recent Announcement Expected to Widen Market Opportunity by Crowdsourcing Innovative Industry Knowledge

SANTA BARBARA, CA--(Marketwired - January 20, 2015) - HyperSolar, Inc. (OTCQB: HYSR), the developer of a breakthrough technology to produce renewable hydrogen using sunlight and water, commented today on the recent news that Toyota has released approximately 5,680 hydrogen fuel cell patents intended to reduce corporate boundaries and accelerate development in the automotive space.

According to Toyota, the release of patents now effectively royalty-free, include 1,970 patents related to fuel cell stacks, 290 associated with high-pressure hydrogen tanks, 3,350 related to fuel cell system software control, and 70 patents related to hydrogen fuel production and supply. Toyota, considered a pioneer in automotive hydrogen fuel development, has previously announced funding for FirstElement Fuels to support operations and maintenance for hydrogen fuel stations in California, as well as collaboration with AirLiquide to implement hydrogen fuel stations in the Northeast. The patent release also includes coverage of industrial equipment such as forklifts, which achieved popularity with big brand retailers WalMart and Ace Hardware through deals with companies such as Plug Power.

As hydrogen fuel becomes more popular for consumer automobile use and industrial purposes, the availability of innovative and successful hydrogen technologies becomes paramount. This announcement, similar to Tesla's release of all patents last summer, is designed to create a collaboration of people and ideas, which historically has moved technology forward. As there are many types of companies and necessities comprising the hydrogen fuel food chain, this approach to "crowdsourcing" hydrogen is expected to spur and accelerate growth, while removing corporate hurdles and reducing legal battles pertaining to proprietary information.

"We are thrilled with Toyota's recent decision to release its hydrogen fuel related patents, making them available for general, royalty-free use," said Tim Young, CEO of HyperSolar. "We believe that this approach will create greater demand for fuel cell vehicles, which will require hydrogen fueling stations on a national scale, thereby increasing overall hydrogen fuel production. We anticipate that HyperSolar's cost-efficient, completely renewable technology will help fill this market niche of providing green hydrogen at or near the point of distribution, such as a charging station or behind a major retailer facility."

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 http://hypersolar.com/application.php

About HyperSolar, Inc.
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 www.hypersolar.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, 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, th e 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

  • Press Contact:
    Eric Fischgrund
    FischTank Marketing and PR 
    Email contact