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HyperSolar Comments on Toyota Release of Over 5,000 Patents Designed to Spur Growth in Hydrogen Fuel Sector
HyperSolar Comments on Toyota Release of Over 5,000 Patents Designed to Spur Growth in Hydrogen Fuel Sector.
About this update from Sunhydrogen Inc.
[{"type":"text","content":"\nHyperSolar Comments on Toyota Release of Over 5,000 Patents Designed to Spur Growth in Hydrogen Fuel Sector\n\nHyperSolar Comments on Toyota Release of Over 5,000 Patents Designed to Spur Growth in Hydrogen Fuel Sector\n\n\nRecent Announcement Expected to Widen Market Opportunity by Crowdsourcing Innovative Industry Knowledge \n\nSANTA 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 appro...