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HyperSolar Extends Agreement With Top University Following Recent Hydrogen Production Milestone
HyperSolar Extends Agreement With Top University Following Recent Hydrogen Production Milestone.
About this update from Sunhydrogen Inc.
[{"type":"text","content":"\nHyperSolar Extends Agreement With Top University Following Recent Hydrogen Production Milestone \n\n\nHyperSolar Extends Agreement With Top University Following Recent Hydrogen Production Milestone\n\n\nCompany Extends Research Agreement With University of California, Santa Barbara With Intent to Focus on the System Aspects and Cost Models of Commercial Scale Renewable Hydrogen Production\n\n\nSANTA BARBARA, CA--(Marketwired - December 16, 2014) - 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 California, Santa Barbara (UCSB) through December 31, 2015, as the Company continues its pursuit of its hydrogen production technology intended to meet the internationally growing demand for hydrogen fuel. The announcement comes on the heels of a recent technological breakthrough, as the Company reported it has exceeded the 1.23 volts threshold required for artificial photosynthesis to split water into hydrogen and oxygen. HyperSolar's technology, which achieved 1.25 volts, could potentially be used to produce hydrogen at the point of use. While 1.23 volts is the theoretical minimum needed to split water molecules, HyperSolar anticipates requiring 1.5 volts or more to do so effectively in real world systems. The University of California, Santa Barbara, has been working closely with HyperSolar for nearly three years in developing this breakthrough technology. Recently, the University of Iowa was added to the research and development team, giving HyperSolar the support of two leading universities as it continues its pursuit of commercially viable renewable hydrogen. As the technology progresses, the University of Iowa team will continue to focus on increasing the voltage of the technology, while the UCSB team will focus more on the technology's production aspects and cost models for scaled up systems.  \"We are pleased to continue our relationship with the scientific team at UCSB, who has proven to be instrumental in leading our R&D efforts,\" said Tim Young, CEO of HyperSolar. \"Coupled with the efforts from the University of Iowa group, we are thrilled to have two exceptional universities focused on advancing our technology toward the goal of commerc...