SANTA BARBARA, CA , Oct. 29, 2019 (GLOBE NEWSWIRE) — HyperSolar, Inc. (OTC:HYSR), the developer of a breakthrough technology to produce renewable hydrogen using sunlight and water, today announced the release of a company update providing a timeline for its Gen 1 product manufacturing and completion of a pilot plant. It has also provided an updated description of its transformational Gen 2 technology. Both are addressed in a Company Presentation that has been uploaded to the HyperSolar website.
“We have now built large sized prototypes that will lead to the manufacture of full-sized panels for inclusion in a production pilot plant,” said Tim Young, CEO of HyperSolar. “We continue to work with manufacturing engineers to produce a robust hydrogen generator/panel for the lowest possible cost. We have identified several sites and are in process of evaluating the potentials in Hawaii, Arizona and California for the initial pilot plants.”
The timeline included in Presentation indicates that the Company targets pilot plant completion for as soon as late Spring 2020.
As announced in September, the Company reached key milestones in its Gen 1 development including fine tuning of chemical structure and application of protective coatings to extend the life of the hydrogen-generating cells. The attachment of the catalyst and the mechanical alteration of the cells essential for more significant hydrogen generation and capture have been refined to the point that it can now be optimized for manufacturing. HyperSolar is currently narrowing the list of potential contract manufacturers and preparing detailed processes and procedures for full scale manufacturing.
The Presentation that is available on www.HyperSolar.com describes the breakthrough Gen 1 technology as well as Gen 2 nanotechnology, which management believes will be a truly transformational in the world hydrogen market.
Mr. Young concluded, “With our Gen 1 pilot plant, we will show the world how technology is coming that can produce renewable hydrogen without external electricity. I want to thank our supporters and investors for their patience in this development process.”