HyperSolar Extends Research Agreement With University of Iowa Company Renews Contract With Leading University That Has Played a Significant Role in Achieving Recent Technological Milestones SANTA BARBARA, CA -- (Marketwired) -- 04/26/16 -- HyperSolar, Inc. (OTCQB: HYSR), the developer of a breakthrough technology to produce renewable hydrogen using sunlight and any source of water, announced today that it has extended its sponsored research agreement with the University of Iowa through April 30, 2017. The Company seeks to sustain the momentum achieved in scaling up its renewable hydrogen production technology to meet growing market demand. Led by Dr. Syed Mubeen, the scientific team at the University of Iowa has spurred development of HyperSolar technology. Recent technological milestones include (1) identifying a simple and low-cost process for the manufacturing of solar hydrogen production cells, (2) developing a proprietary coating made of inexpensive earth abundant materials to protect the solar cells during the hydrogen generation process, and (3) identifying a process to produce renewable hydrogen using a low-cost photocatalyst as opposed to more expensive, platinum-based catalysts. The research team has now turned its focus to further demonstrating capabilities at larger scale. The extension of the sponsored research agreement with the University of Iowa was a critical objective for HyperSolar leadership. Following this announcement, the Company seeks to add an additional member to its scientific research team, effective this year. "The team at the University of Iowa has been essential to accomplishing the technological advancements we've made since adding them to our research group," said Tim Young, CEO of HyperSolar. "By announcing this year-long extension, we are establishing a continuity in terms of both leadership and experience in working with HyperSolar technology. We are confident that as our scientific team continues to grow, we will achieve our goal of producing low-cost, renewable hydrogen fuel, of which there has been increased demand for generated by an increasing number of potential market applications." 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 detailing the rise of hydrogen fuel technology as well as HyperSolar's completely renewable process of hydrogen fuel production can be viewed by visiting here. 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. Press Contact: Eric Fischgrund FischTank Marketing and PR 646-699-1414 Email contact: https://go.marketwire.com/Public/InformationRequestFor m.aspx?id%3dAFsyTG%2fnJbHRlTV%2fiX2DiA%3d%3d%26contact%3drtUTJd1iUCFB 3jEO3bJ2h3IFsLfVWiS5cPhIwI0eNR8%3d
HyperSolar Extends Research Agreement With University of Iowa
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