HyperSolar, Inc. (OTCQB: HYSR) is developing 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, as it states on the company’s website.
1. Mr. Young, thank you for taking the time to answer a few questions with Stock News Now about HyperSolar. For our audience, could you provide a brief overview of HyperSolar, Inc.
HyperSolar is in the business of hydrogen fuel production, seeking to serve the many fuel-dependent industries seeking alternative energies that are cheaper and greener. HyperSolar’s technology utilizes a completely renewable process that mimics photosynthesis by splitting water molecules into hydrogen and oxygen, and capturing that hydrogen for various energy applications.
2. Can you go into greater detail regarding HyperSolar’s technology: How does it work? What is the problem you are trying to solve?
HyperSolar’s proprietary technology is centered upon submersing solar particles in a vessel of water, preferably waste water where there is value in cleaning it up. When exposed to natural sunlight, these particles split water molecules, generating hydrogen that can be piped off and pressurized for use in a fuel cell.
Ultimately, the problem we are trying to solve is three-fold: availability, cost, and greening of the hydrogen fuel process. We anticipate our technology being installed at or near the point of distribution (more on that later) using a cost-efficient process that is completely renewable without any dependence on fossil fuels.
3. How has the support from the University of California, Santa Barbara and the University of Iowa helped in the development of the company’s technology?
We’ve been working with the University of California, Santa Barbara since 2012 and with their help have achieved several milestones and developed a small scale proof of concept prototype. We recently added a research team from the University of Iowa, where the focus will be on increasing the open circuit voltage necessary to efficiently split water molecules, which is 1.55. We recently announced achievement of 1.25 volts getting us closer to the needed voltage in our particles.
4. Is the company’s technology patent protected?
Yes, we have patents pending both on our own and jointly filed with the University of California, Santa Barbara.
5. What differentiates HyperSolar from its competitors?
HyperSolar has no true competitor in the form of other companies developing completely renewable hydrogen fuel. If forced to identify competition, I would characterize “brown hydrogen” -- hydrogen developed using natural gas, a fossil fuel), which is the most common form of hydrogen fuel -- as the competition. Most in the hydrogen fuel space are all working towards the same goal of establishing cost efficient production that cuts carbon emissions produced from burning fossil fuels.
6. On May 22, 2012, the company announced the completion of proof of concept prototype that successfully produces renewable hydrogen. Since then, you’ve announced new milestones and breakthroughs based on research conducted testing the company’s technology. What are the next steps in order to bring HyperSolar’s technology to market? What is the company’s monetization plan? Who is your target market?
The next steps for commercialization are centered upon reaching the 1.55 volts or more required to successfully produce hydrogen in real world systems. For now, the University of California, Santa Barbara, and University of Iowa are focused on technological advancements that achieve this goal.
There are many potential monetization opportunities and applications for our technology, both consumer and commercial focused. For example, as auto manufacturers such as Toyota and Hyundai continue to rollout hydrogen fuel cell vehicles and their customer-base grows, hydrogen fuel stations will increase in presence around the country and world. Rather than ship hydrogen – often “brown hydrogen” produced using natural gas, a fossil fuel – to these locations; HyperSolar technology could potentially be implemented onsite.
In the commercial space, hydrogen fuel cell technology has become popular with retailers, such as WalMart and Ace Hardware. Both companies use hydrogen fuel to power the forklifts in their warehouses and distribution centers. Ideally, HyperSolar could one day generate the hydrogen onsite that would plug directly into different machinery.
7. What is your background?
Prior to HyperSolar, I served as the President of Rovion, an Internet advertising technology company which was acquired by Gannett Corporation. Prior to Rovion, I worked for Time Warner Inc. for over a decade, where I served as Vice President and Regional Vice President of various divisions including America Online and Time Warner Cable.
8. What can we expect from HyperSolar in 2015?
We are very focused on achieving 1.55 volts or more needed to effectively split water molecules and produce hydrogen suitable for real world systems. In 2015, we expect to continue advancing towards that goal, while simultaneously working on system design for commercial applications.
For more information about HyperSolar, Inc., go to: www.HyperSolar.com
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