SOURCE: HyperSolar, Inc.

HyperSolar, Inc.

October 21, 2015 03:30 ET

HyperSolar Extends Agreement With University of Iowa Following Major Technology Breakthrough

Company Extends Top University Research Team as It Continues to Rapidly Advance Capabilities for Renewable Hydrogen Fuel Production Technology

SANTA BARBARA, CA--(Marketwired - October 21, 2015) - HyperSolar, Inc. (OTCQB: HYSR), the developer of a breakthrough technology to produce renewable hydrogen using sunlight and water, announced today that it has extended its sponsored research agreement with the University of Iowa through April 30, 2016 as the Company continues to aggressively pursue a hydrogen production technology process intended to meet the internationally growing demand for hydrogen across growing market applications.

Since adding University of Iowa to collaborate alongside the University of California, Santa Barbara (UCSB) in November 2014, HyperSolar has experienced tremendous progress towards making its technology commercially viable for real world systems.

The Company announced in September 2015 that it had surpassed 1.5 Volts (V), the practical voltage needed to effectively split water molecules to produce hydrogen in real world systems. Exceeding this milestone had been a long-term goal for the Company, as its technology is predicated on the ability to reach voltage levels needed to make renewable hydrogen production commercially viable. The collaboration between the two Universities led to the rapid development of the technology, as the Company surpassed both the theoretical minimum (1.23 V) then the recent 1.55 V breakthrough, within one year.

"Extending the relationship with University of Iowa, led by Dr. Syed Mubeen Hussaini, has been a top priority as they have been instrumental in increasing the speed-to-market for HyperSolar technology," said Tim Young, CEO of HyperSolar. "We have always understood that the goal for low-cost renewable hydrogen production would require time and patience, yet the capabilities of HyperSolar technology have expanded rapidly, a credit to the University of Iowa as well as UCSB. To sustain this momentum, the leadership and direction from both universities remains critical, as the Company continues to identify methods of increasing voltage as well as improving the sunlight-to-hydrogen conversion efficiency. While our technology achievements are significant, it is essential that we improve photocurrents generated in our process, so that we can be cost competitive with conventional fossil fuel based hydrogen production techniques, such as steam reforming of natural gas. These next steps are critical to bringing HyperSolar closer to its ultimate vision of commercialized renewable hydrogen production."

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

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