SOURCE: HyperSolar, Inc.

HyperSolar, Inc.

August 04, 2015 03:30 ET

HyperSolar Identifies Market Opportunity as Hydrogen Fuel Cell Vehicle Infrastructure Fails to Meet Consumer Demand

California Fuel-Cell Vehicle Drivers Report Hydrogen Fuel Unavailable; Charging Stations Unreliable

SANTA BARBARA, CA--(Marketwired - August 04, 2015) - HyperSolar, Inc. (OTCQB: HYSR), the developer of a breakthrough technology to produce renewable hydrogen using sunlight and water, today commented on recent reports indicating hydrogen fuel cell vehicle drivers are frustrated with fuel cell vehicle infrastructure, citing challenges surrounding availability, wait time, and overall efficiency.

Recent articles published by GreenCarReports and Cleantechnica, among others, highlight some of the challenges currently faced by hydrogen fuel cell vehicle drivers. These issues include encountering oft-closed charging stations, wait-times exceeding an hour, partial fill-ups, and other factors causing headaches for those who are finding it increasingly difficult to drive their new purchases. Several Hyundai Tucson Fuel Cell SUBs have begun posting complaints on a private Facebook group, while others cite demand for hydrogen fuel as being a key reason why charging stations have been unable to service properly.

While these complaints surrounding servicing are perceived as bad news for fuel cell drivers, many in the industry are encouraged by the increased demand for hydrogen fuel, indicating the market is receptive to the FCVs being rolled out by numerous auto manufacturers. HyperSolar believes this demand is reflective of consumer interesting in driving a more fuel-efficient vehicle that reduces carbon emissions, a well-known byproduct of the oil dependence sustained by traditional means of transportation. HyperSolar is currently developing technology to produce hydrogen using only sunlight and water in a renewable process, which would allow hydrogen production at or near the point of distribution -- such as a car charging station.

"While we share consumer frustration in the lack of useable hydrogen fuel for FCV drivers, we are pleased with the adoption of these vehicles that generate significant demand for this fuel," said Tim Young, CEO of HyperSolar. "We believe this challenge represents a significant market opportunity for hydrogen fuel producers, one that HyperSolar can leverage when our technology reaches commercialization. Our potential to produce renewable hydrogen fuel on-site, be it a car charging station or behind a big box retailer, is a key differentiator that we believe will be well received in the future as the world continues to adopt hydrogen fuel solutions."

HyperSolar's research is centered on developing a low-cost and submersible hydrogen production particle that can split water molecules under the sun, emulating the core functions of photosynthesis. Each particle is a complete hydrogen generator that contains a novel high voltage solar cell bonded to chemical catalysts by a proprietary encapsulation coating. 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, 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

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