125 0 Kommentare SunHydrogen Extends Research Agreement with University of Iowa

Focus of research will be to accelerate the development of GEN 2 multi-junction nanoparticles for hydrogen production.

SANTA BARBARA, CA, June 29, 2020 (GLOBE NEWSWIRE) -- SunHydrogen, 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 Iowa through August 31, 2020. The current extension will allow the Company to increase focus on its more efficient GEN 2 hydrogen production technology which is intended to dramatically reduce the cost of producing renewable hydrogen to meet the internationally growing demand.

“As we are set to begin the production phase of our GEN 1 hydrogen panels, our research efforts will become increasingly focused on GEN 2,” said Tim Young, CEO of SunHydrogen. “The University of Iowa has been a key and productive partner in the development of our GEN 1 panels. These three months of summer will get us closer to the final architecture for what will be a much more efficient and stable generation of our product. We will also be setting new milestones for the upcoming agreement in September. The knowledge we have gained through the GEN 1 process will accelerate our path to commercialization for GEN 2.”

The agreement currently covers the extensive development work to complete and commercialize the company’s GEN 2 nanoparticle hydrogen production panels that will deploy a much higher solar-to-hydrogen efficiency than GEN 1 at lower manufacturing cost. The work will continue to be led by Professor Dr. Syed Mubeen, (University of Iowa) and Dr. Joun Lee, (SunHydrogen).

About SunHydrogen, Inc.
SunHydrogen 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 SunHydrogen, please visit our website at www.SunHydrogen.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, th e 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.

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