SANTA BARBARA, CA--(Marketwired - Apr 29, 2014) - HyperSolar, Inc. (OTCQB: HYSR), the developer of a breakthrough technology to produce renewable hydrogen using sunlight and any source of water, announced today that it has extended its sponsored research agreement with the University of California, Santa Barbara (UCSB) through December 31, 2014, in the continued pursuit of achieving important milestones in the company's development plan.
"The innovative research program at the University of Santa Barbara, led by Dr. Syed Mubeen Hussaini, has made significant strides towards achieving the critical 1.5 volts required for splitting water molecules into hydrogen and oxygen," said Tim Young, CEO of HyperSolar. "By extending this partnership, we are progressing toward our ultimate goal of producing economical hydrogen at or near the point of distribution."
The company also recently retained FischTank Marketing and PR, a New York City-based firm led by Eric Fischgrund, to hone messaging, provide national media outreach, and advise on all marketing and communications functions.
"Our relationship with FischTank is a reflection of the gain in popularity and demand that hydrogen has experienced in 2014," said Tim Young, CEO of HyperSolar. "The past few months have presented great demand for renewable energy solutions, especially hydrogen, highlighted by large deals by auto-manufacturers and big box retailers with companies like Plug Power and Ballard Power. We believe our technology of using sunlight and water to develop hydrogen provides the best opportunity to do so at significant cost savings and without the need for complicated infrastructure near the point of distribution."
HyperSolar's technology is based upon 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 http://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, 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.