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News Article | November 8, 2016
Site: www.marketwired.com

Company establishes its vision for future battery innovation as it commences its new program for the development of a high energy anode SANTA CLARITA, CA--(Marketwired - November 08, 2016) - BioSolar, Inc. ( : BSRC), a developer of breakthrough energy storage technology and materials, today elaborated on its recently announced strategic direction for development that the Company believes will lead to a breakthrough high capacity silicon anode technology. While graphite is currently the most widely used anode material, silicon (Si) represents one of the more promising anode materials considered for next generation, high energy and high power lithium ion batteries. Silicon has attracted significant attention because of its natural abundance, non-toxicity, and very high theoretical specific capacity of nearly 4200 mAh/g -- about ten times more capacity than conventional graphite anodes. According to Greentech Media, companies including Amprius, Enevate, Enovix, Envia Systems and Leyden Energy (taken over by A123 Systems in 2014) have turned their focus to developing Si anode-based lithium-ion batteries. Although there are many positives to silicon-based battery technologies, Si anodes suffer from large capacity fading and tremendous volume changes during lithium-ion charge-discharge cycling. These strains are due primarily to the huge volume changes that actually pulverize the silicon material and eventually lead to electrode shattering and delamination, which adversely affect the battery performance and cycle life. While there have been many attempts over the years to make commercial use of silicon for battery anodes, all of the known approaches to date have their own fundamental obstacles that still prevent them from taking advantage of silicon's full theoretical capacity. BioSolar intends to overcome these technology barriers by focusing on designing Si-alloy materials and developing a unique and highly effective material processing solutions to take maximum advantage of silicon's full capacity potential. The Company believes that in doing so it can significantly impact the cost of the battery, thereby enhancing overall energy storage efficiency. "The challenges in commercializing silicon battery technologies are well chronicled, as most attempts have been based on incremental progress, and only on a small-scale," said Dr. David Lee, CEO of BioSolar. "We believe that by applying silicon's vast potential to the material used and processing solutions within the development of the battery, that we can significantly impact not only capacity, but the cost of the battery, both of which we believe will serve multiple industries seeking a commercially viable solution." BioSolar is developing a breakthrough technology to increase the storage capacity, lower the cost and extend the life of lithium-ion batteries. A battery contains two major parts, a cathode and an anode, that function together as the positive and negative sides. BioSolar initially focused its development effort on high capacity cathode materials since most of today's Li-ion batteries are "cathode limited." With the goal of creating the company's next generation super battery technology, BioSolar is currently investigating high capacity anode materials recognizing the fact that the overall battery capacity is determined by combination of both cathode and anode. By integrating BioSolar's high capacity cathode or anode, battery manufacturers will be able to create a super lithium-ion battery that can double the range of a Tesla, power an iPhone for two days straight, or store daytime solar energy for nighttime use. Founded with the vision of developing breakthrough energy technologies, BioSolar's previous successes include the world's first UL approved bio-based back sheet for use in solar panels. To learn more about BioSolar, please visit our website at http://www.biosolar.com. 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. 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.


News Article | September 28, 2016
Site: www.greencarcongress.com

« BioSolar begins development of high-energy anode technology | Main | Renault to unveil electric TREZOR concept car at the 2016 Paris Motor Show » On the eve of the Paris Motor Show, HERE, the high-definition mapping and location services business company acquired by Audi, BMW and Daimler (earlier post), announced next-generation vehicle-sourced data services. The HERE Open Location Platform will harness real-time data generated by the on-board sensors of connected vehicles—even from competing car brands—to create a live depiction of the road environment. Drivers will be able to access this view of the road through four services that provide information on traffic conditions, potential road hazards, traffic signage and on-street parking at high quality. The goal is to ensure that drivers have more accurate and timely information with which they can make better driving decisions. HERE plans to make the services commercially available to any customers both within and outside the automotive industry from the first half of 2017. Traffic information services available to drivers have so far relied on GPS probe data—regular location information reported from a connected device. These new real-time services from HERE, however, will crowd-source the much richer data generated by sensors deeply embedded within the car. HERE will start by sourcing sensor data from Audi, BMW and Mercedes-Benz cars, with plans to later expand to include data from other brands. In contributing their data, the participating brands are helping create superior services for drivers aimed at significantly reducing traffic congestion, enhancing the driving experience and cutting traffic accidents, which each year globally claim more than one million lives and leave millions more injured. HERE believes these services will also support the automotive industry’s broader market introduction of advanced driver assisted systems and, later, autonomous driving solutions. The HERE Open Location Platform will process vehicle-sourced data related to: The HERE Open Location Platform will harness the data to deliver four services: Real-Time Traffic; Hazard Warnings; Road Signs; and On-Street Parking. For each service, firstly it ingests and processes data from each vehicle. Secondly, it combines the data with HERE location data services and other third-party information derived from devices, vehicles and infrastructure for deep and real-time analysis. Thirdly, it distributes enriched, targeted and actionable service content back to connected and eligible vehicles across the road network. HERE Real-Time Traffic. The next generation of HERE’s live traffic service, HERE Real-Time Traffic provides real-time traffic information enhanced with the new streams of data. The result is a high-quality and low latency feed showing hard braking alerts; jam tail warnings, with improved coverage and positional accuracy; and traffic flow, with more precise and granular data also for lower-class arterial roads. HERE Hazard Warnings. This service provides high-quality near real-time information about potential hazards, including accidents and extreme weather events, such as slippery roads and reduced visibility. Because this service is fueled by real-time, rich sensor data, the validity of the hazards are of high quality and more trustworthy than competing services. HERE Road Signs. This service provides near real-time traffic signage information, including permanent and temporary speed limits, which is useful for both the driver as well as for cars equipped with connected ADAS (Advanced Driver Assistance Systems) such as adaptive cruise control. HERE On-Street Parking. This service provides information to drivers showing roads where parking is or is not permitted for each side of the street; availability predictions and time-to-park estimations for each street and at the particular time of day based on historical driver data; and streets with paid, free or lower-priced parking options. For this service, HERE utilizes probe and sensor data from connected cars in combination with parking data from other sources to build greater awareness of on-street parking options. HERE plans to make these four services available to any automaker, municipality, road authority, smartphone maker or app developer to license. As connectivity and vehicle sensor technologies become more pervasive across the industry, HERE also plans for other automakers to be able to contribute their vehicle data. Driver privacy and safety. After the services are enabled, no driver input is required to transmit or receive data, ensuring the driver’s focus can be on the road, and not on a smartphone or other external device. The data HERE plans to use from Audi, BMW and Mercedes-Benz vehicles in the provision of these services will be anonymized with no personal identifiers so as to ensure privacy for drivers.


News Article | February 21, 2017
Site: www.altenergystocks.com

Debra Fiakas is the Managing Director of , an alternative research resource on small capitalization companies in selected industries. Last month BioSolar BSRC :  OTC/PK) reported positive test results for its proprietary energy storage technology.  The company is developing an alternative anode material for lithium ion batteries using silicon-carbon materials.  BioSolar’s engineers are targeting dramatic improvement in anode performance and equally impressive reductions in cost.  If they are successful, it could mean longer lithium ion battery life, greater capacity and shorter charging time  -  the dreams of every manufacturer with an electronic product.Most lithium ion batteries rely on graphite for the battery anode.  However, silicon anodes could offer as much as ten times more capacity as anodes made with graphite.  Unfortunately, silicon has a few downsides that make it unreliable as well as unaffordable.  BioSolar is working to overcome those downsides and make silicon anodes an affordable alternative by using a silicon alloy.Biosolar is also working on the other important battery component  -  the cathode.  Existing lithium ion batteries are limited by the capacity of the cathode.  The company has developed a new cathode made from a conductive polymer that can withstand higher charge-discharge cycles.  This would extend the life of the lithium ion battery and lower the overall cost of operation.  In June 2017, the company filed an application for patent protection of its proprietary process and material for high capacity cathodes.The company is not alone in the quest for a better lithium ion battery.  There are others experimenting with polymers and silicon-based materials for lithium ion energy storage.  For example, researchers at the University of Leeds in the United Kingdom, Lawrence Berkeley National Laboratory in California, Wuhan University of Technology in China, and Pacific Northwest National Laboratory in Washington are just four of several research and development groups publishing papers on their experiments with conductive polymers.  The activity could be a source of competition, support or distraction for BioSolar.  For example, the University of Leeds has licensed its technology to privately held Polystor Energy Corporation in the U.S., which planned to commercialize the Leeds polymer gel for use as the electrolyte in a lithium ion battery.  While Polystor would not have competed against BioSolar's anode or cathode materials, its progress or lack of progress could have an impact on investors' view of polymer technology in the energy storage sector.BioSolar’s research and development efforts are led by its Chief Technology Officer, Dr. Stanley Levy.  With a dozen patents in his own name, Levy has been recognized by his peers for technical work on plastics and film development.  His prior experience includes stints at DuPont, Global Solar and Solar Integrated Technologies.Besides the mechanical engineering background of Levy, BioSolar’s chief executive officer, David Lee, brings electrical engineering education and experience to team.  Lee founded BioSolar after working in various engineering positions at the electronics, space and defense units of TRW as well as management roles at RF-Link Technology, Inc. and Applied Reasoning, Inc.  A plus for BioSolar is Lee’s time in the trenches in marketing and sales, which will be needed to get the company’s technology turned into marketable products.As a developmental stage company BioSolar has no revenue.  Its operations are limited to managing sponsored research activities.  BioSolar has received support for its research activities from the University of California at Santa Barbara .  For the rest of its work the company relies on cash resources to support its development plans.  Operating expenses have been near $600,000 per quarter.  One of the company’s most significant expenses is a research arrangement with North Carolina Agriculture and Technical State University , which is conducting tests on BioSolar’s polymer and silicon-alloy materials.With only $244,776 in its bank account at the end of September 2016, any investor considering a position in BSRC might take pause.   Since the close of the September quarter the company entered into an arrangement for an unsecured convertible promissory note for up to $500,000.    Nonetheless, expect more capital raising efforts involving dilutive securities of some kind or another.  There is really no other way to entice investors to an early stage company than to offer a piece of the pie.  The company has not yet found sponsorship by a large investor or strategic partner, so capital raising activities appear to be limited to individual investors.For investors with no interest in a private placement, there are shares quoted on the Over-the-Counter market.   At a nickel, the shares are price like options on management’s ability to reach the development milestone before running out of money.  It is a high risk proposition, but one that could yield exceptional returns if BioSolar is successful in getting its materials into a working prototype battery and the market recognizes some value the accomplishment. Neither the author of the Small Cap Strategist web log, Crystal Equity Research nor its affiliates have a beneficial interest in the companies mentioned herein.


Home > Press > BioSolar Extends Research Agreement With UCSB for Next Phase of Its Super Battery Technology: Development Effort to Continue Under the Supervision of Nobel Laureate, Dr. Alan Heeger Abstract: BioSolar, Inc. (OTCQB: BSRC), a developer of breakthrough energy storage technology and materials, today announced that the company has signed an agreement to extend the funding of a sponsored research program at the University of California, Santa Barbara ("UCSB") to support the next phase of its super battery technology development. BioSolar's research program with UCSB first started in July 2014 with a focus on low cost and high performance materials and structures for supercapacitors and batteries. The lead inventors of the technology are UCSB professor Dr. Alan Heeger, the recipient of a Nobel Prize in 2000 for the discovery and development of conductive polymers, and Dr. David Vonlanthen, a project scientist and expert in energy storage at UCSB. Based on the technical breakthroughs achieved in 2014, BioSolar applied its technology for enabling high capacity and long-life lithium ion batteries, which have very large markets across a broad spectrum of applications. The Company believes its breakthrough technology can double the storage capacity, lower the cost and extend the life of lithium-ion batteries -- all features that are highly sought after in industries spanning electric vehicles, smartphones, solar, and more. This extension funds the research program for another 12 months until June 2017. The Company recently announced that it successfully completed the first phase of its super battery technology development, with test results indicating that lithium-ion batteries incorporating BioSolar's technology can achieve significantly higher capacity with costs below $100/kWh, less than half of today's lowest cost lithium-ion batteries. The next phase of development requires the design and building of prototype electrodes and battery cells at sufficient quantity that will allow extensive evaluation of the technology's performance in various Li-ion battery configurations. "We are pleased to extend our agreement to fund the sponsored research program at UCSB to further the development of our super battery technology," said Dr. David Lee, CEO of BioSolar. "As one of the top research universities in the world, UCSB is considered to be a global leader in bioengineering, chemical and computational engineering, materials science, nanotechnology and physics. We are confident that this team of scientific professionals will continue to advance the technology closer to our goal of achieving a $100/kilowatt-hour cost milestone for energy storage." UCSB boasts six Nobel Laureates (five in sciences and engineering) and one winner of the prestigious Millennium Technology Prize. The 2014 Academic Ranking of World Universities ranked UCSB Engineering/Technology and Computer Science as #7 in the world. About BioSolar, Inc. BioSolar is developing a breakthrough technology to double the storage capacity, lower the cost and extend the life of lithium-ion batteries. A battery contains two major parts, a cathode and an anode, that function together as the positive and negative sides. Today's state-of-the-art lithium-ion battery is limited by the storage capacity of its cathode, while the anode can store much more. Inspired by nature, we are developing a novel cathode based on inexpensive conductive polymers and organic materials that can fully utilize the storage capacity of conventional anodes. By integrating our high capacity, high power and low-cost cathode with conventional anodes, battery manufacturers can create a super lithium-ion battery that can double the range of a Tesla, power an iPhone for 2 days straight, or store daytime solar energy for nighttime use. Founded with the vision of developing breakthrough energy technologies, BioSolar's previous successes include the world's first UL approved bio-based back sheet for use in solar panels. 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. 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. For more information, please click If you have a comment, please us. Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.


Company establishes its vision for future battery innovation as it commences its new program for the development of a high energy anode SANTA CLARITA, CA--(Marketwired - October 25, 2016) - BioSolar, Inc. ( : BSRC), a developer of breakthrough energy storage technology and materials, today referenced its recent contributions to and participation within leading industry trade publications on the importance of advancements made to existing battery technologies in order to support emerging industries. As communicated to shareholders and the general market since the commencement of its battery development technology, BioSolar has sought to improve existing lithium-ion capabilities while reducing cost, effectively supporting key emerging industries including but not limited to electric vehicle (EV), personal electronics, and solar distribution. In a piece published in Renewable Energy World Magazine entitled "Why the Success of Key Industries Depends on Future Battery Technology Innovation," BioSolar CEO David Lee cites widespread opinion that "the greatest advancements in battery storage technology will be made not by building upon existing products or incremental improvements of performance and cost by scale of economy, but by addressing the fundamental change in chemistry currently embedded with existing lithium-ion batteries." Dr. Lee further assessed the market-driven need for battery technology advancements in a piece contributed to Triple Pundit, entitled "Searching For a Better Battery Future." Within this article, Dr. Lee transparently addressed the challenges for manufacturers working hard to create a better battery, citing the importance of considering innovations to underlying chemistry. Dr. Lee concluding the piece by writing, "the two most important and challenging objectives related to lithium-ion battery technologies are increasing the energy density and reducing the cost. In changing the way we perceive and engineer battery chemistries, these improvements may happen -- and will profoundly impact the future of both current and future consumer applications." "BioSolar's recent entry into new anode technology development represents our clear view that in order made energy storage practical and cost efficient, we must address underlying battery technologies," said Dr. David Lee, CEO of BioSolar. "In our general opinion, one that is popular among researchers and experts around the globe, the advancements being made to the lithium-ion battery may require time and patience, but ultimately will significantly impact industries spanning electric vehicle, personal electronics, and utility scale operations." BioSolar is developing a breakthrough technology to increase the storage capacity, lower the cost and extend the life of lithium-ion batteries. A battery contains two major parts, a cathode and an anode, that function together as the positive and negative sides. BioSolar initially focused its development effort on high capacity cathode materials since most of today's Li-ion batteries are "cathode limited." With the goal of creating the company's next generation super battery technology, BioSolar is currently investigating high capacity anode materials recognizing the fact that the overall battery capacity is determined by combination of both cathode and anode. By integrating BioSolar's high capacity cathode or anode, battery manufacturers will be able to create a super lithium-ion battery that can double the range of a Tesla, power an iPhone for two days straight, or store daytime solar energy for nighttime use. Founded with the vision of developing breakthrough energy technologies, BioSolar's previous successes include the world's first UL approved bio-based back sheet for use in solar panels. To learn more about BioSolar, please visit our website at http://www.biosolar.com. 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. 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.


News Article | February 28, 2017
Site: globenewswire.com

SANTA CLARITA, Calif., Feb. 28, 2017 (GLOBE NEWSWIRE) -- BioSolar, Inc. (OTCQB:BSRC), a developer of breakthrough energy storage technology and materials, today further described its plan to help drive down the cost of lithium-ion batteries. The Company’s management believes that use of its silicon-metal (Si-M) anode materials, currently under development, can help reduce the cost of lithium-ion batteries. Recent reports indicate that lithium-ion battery costs have continued to fall drastically, while the small-scale battery storage market continues to significantly grow in market potential. According to Bloomberg New Energy Finance (BNEF), “lithium-ion battery prices have fallen ‘by almost half just since 2014” with the electric vehicle industry being the key driver. The falling cost of batteries has resulted in electric vehicles reaching $300 per kWh price point which is needed to be considered competitive with natural gas plants. The author of a ThinkProgress article cites that when “battery prices drop another 50 percent, which BNEF thinks will happen within a decade or so, batteries dominate the market.” “The decline in the cost of batteries has been the result of new innovative manufacturing processes, as well as the scale of economy associated with higher manufacturing volume,” said Dr. David Lee, BioSolar’s Chief Executive Officer. “While these recent milestones and projected advancements are terrific, future projections are more heavily dependent upon innovations in and upgrades to battery materials not commercially available at present time.” The Company’s Si-M anode material is expected to be substantially less expensive than that of the benchmark silicon-carbon anode material, which is the key cost issue typically associated with battery technology. Material costs represent over 60 percent of the total battery cost in a typical lithium-ion battery. BioSolar believes its strategy of pursuing anode material advancements to support next-generation lithium-ion batteries can play an important role within the electric vehicle sector, and the broader energy storage technology industry. “By providing key material technologies to reduce lithium-ion battery costs, coupled with the mainstream adoption of electric vehicles, the BioSolar team believes it can serve a tremendous market opportunity,” concluded Dr. Lee. BioSolar is developing a breakthrough technology to increase the storage capacity, lower the cost and extend the life of lithium-ion batteries. A battery contains two major parts, a cathode and an anode, that function together as the positive and negative sides. BioSolar initially focused its development effort on high capacity cathode materials since most of today’s lithium-ion batteries are “cathode limited.” With the goal of creating the company’s next generation super battery technology, BioSolar is currently investigating high capacity anode materials recognizing the fact that the overall battery capacity is determined by combination of both cathode and anode. By integrating BioSolar’s high capacity cathode or anode, battery manufacturers will be able to create a super lithium-ion battery that can double the range of a Tesla, power an iPhone for two days straight, or store daytime solar energy for nighttime use. Founded with the vision of developing breakthrough energy technologies, BioSolar's previous successes include the world's first UL approved bio-based back sheet for use in solar panels. To learn more about BioSolar, please visit our website at http://www.biosolar.com. 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. 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.


News Article | February 28, 2017
Site: globenewswire.com

SANTA CLARITA, Calif., Feb. 28, 2017 (GLOBE NEWSWIRE) -- BioSolar, Inc. (OTCQB:BSRC), a developer of breakthrough energy storage technology and materials, today further described its plan to help drive down the cost of lithium-ion batteries. The Company’s management believes that use of its silicon-metal (Si-M) anode materials, currently under development, can help reduce the cost of lithium-ion batteries. Recent reports indicate that lithium-ion battery costs have continued to fall drastically, while the small-scale battery storage market continues to significantly grow in market potential. According to Bloomberg New Energy Finance (BNEF), “lithium-ion battery prices have fallen ‘by almost half just since 2014” with the electric vehicle industry being the key driver. The falling cost of batteries has resulted in electric vehicles reaching $300 per kWh price point which is needed to be considered competitive with natural gas plants. The author of a ThinkProgress article cites that when “battery prices drop another 50 percent, which BNEF thinks will happen within a decade or so, batteries dominate the market.” “The decline in the cost of batteries has been the result of new innovative manufacturing processes, as well as the scale of economy associated with higher manufacturing volume,” said Dr. David Lee, BioSolar’s Chief Executive Officer. “While these recent milestones and projected advancements are terrific, future projections are more heavily dependent upon innovations in and upgrades to battery materials not commercially available at present time.” The Company’s Si-M anode material is expected to be substantially less expensive than that of the benchmark silicon-carbon anode material, which is the key cost issue typically associated with battery technology. Material costs represent over 60 percent of the total battery cost in a typical lithium-ion battery. BioSolar believes its strategy of pursuing anode material advancements to support next-generation lithium-ion batteries can play an important role within the electric vehicle sector, and the broader energy storage technology industry. “By providing key material technologies to reduce lithium-ion battery costs, coupled with the mainstream adoption of electric vehicles, the BioSolar team believes it can serve a tremendous market opportunity,” concluded Dr. Lee. BioSolar is developing a breakthrough technology to increase the storage capacity, lower the cost and extend the life of lithium-ion batteries. A battery contains two major parts, a cathode and an anode, that function together as the positive and negative sides. BioSolar initially focused its development effort on high capacity cathode materials since most of today’s lithium-ion batteries are “cathode limited.” With the goal of creating the company’s next generation super battery technology, BioSolar is currently investigating high capacity anode materials recognizing the fact that the overall battery capacity is determined by combination of both cathode and anode. By integrating BioSolar’s high capacity cathode or anode, battery manufacturers will be able to create a super lithium-ion battery that can double the range of a Tesla, power an iPhone for two days straight, or store daytime solar energy for nighttime use. Founded with the vision of developing breakthrough energy technologies, BioSolar's previous successes include the world's first UL approved bio-based back sheet for use in solar panels. To learn more about BioSolar, please visit our website at http://www.biosolar.com. 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. 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.


News Article | February 28, 2017
Site: globenewswire.com

SANTA CLARITA, Calif., Feb. 28, 2017 (GLOBE NEWSWIRE) -- BioSolar, Inc. (OTCQB:BSRC), a developer of breakthrough energy storage technology and materials, today further described its plan to help drive down the cost of lithium-ion batteries. The Company’s management believes that use of its silicon-metal (Si-M) anode materials, currently under development, can help reduce the cost of lithium-ion batteries. Recent reports indicate that lithium-ion battery costs have continued to fall drastically, while the small-scale battery storage market continues to significantly grow in market potential. According to Bloomberg New Energy Finance (BNEF), “lithium-ion battery prices have fallen ‘by almost half just since 2014” with the electric vehicle industry being the key driver. The falling cost of batteries has resulted in electric vehicles reaching $300 per kWh price point which is needed to be considered competitive with natural gas plants. The author of a ThinkProgress article cites that when “battery prices drop another 50 percent, which BNEF thinks will happen within a decade or so, batteries dominate the market.” “The decline in the cost of batteries has been the result of new innovative manufacturing processes, as well as the scale of economy associated with higher manufacturing volume,” said Dr. David Lee, BioSolar’s Chief Executive Officer. “While these recent milestones and projected advancements are terrific, future projections are more heavily dependent upon innovations in and upgrades to battery materials not commercially available at present time.” The Company’s Si-M anode material is expected to be substantially less expensive than that of the benchmark silicon-carbon anode material, which is the key cost issue typically associated with battery technology. Material costs represent over 60 percent of the total battery cost in a typical lithium-ion battery. BioSolar believes its strategy of pursuing anode material advancements to support next-generation lithium-ion batteries can play an important role within the electric vehicle sector, and the broader energy storage technology industry. “By providing key material technologies to reduce lithium-ion battery costs, coupled with the mainstream adoption of electric vehicles, the BioSolar team believes it can serve a tremendous market opportunity,” concluded Dr. Lee. BioSolar is developing a breakthrough technology to increase the storage capacity, lower the cost and extend the life of lithium-ion batteries. A battery contains two major parts, a cathode and an anode, that function together as the positive and negative sides. BioSolar initially focused its development effort on high capacity cathode materials since most of today’s lithium-ion batteries are “cathode limited.” With the goal of creating the company’s next generation super battery technology, BioSolar is currently investigating high capacity anode materials recognizing the fact that the overall battery capacity is determined by combination of both cathode and anode. By integrating BioSolar’s high capacity cathode or anode, battery manufacturers will be able to create a super lithium-ion battery that can double the range of a Tesla, power an iPhone for two days straight, or store daytime solar energy for nighttime use. Founded with the vision of developing breakthrough energy technologies, BioSolar's previous successes include the world's first UL approved bio-based back sheet for use in solar panels. To learn more about BioSolar, please visit our website at http://www.biosolar.com. 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. 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.


News Article | February 28, 2017
Site: globenewswire.com

SANTA CLARITA, Calif., Feb. 28, 2017 (GLOBE NEWSWIRE) -- BioSolar, Inc. (OTCQB:BSRC), a developer of breakthrough energy storage technology and materials, today further described its plan to help drive down the cost of lithium-ion batteries. The Company’s management believes that use of its silicon-metal (Si-M) anode materials, currently under development, can help reduce the cost of lithium-ion batteries. Recent reports indicate that lithium-ion battery costs have continued to fall drastically, while the small-scale battery storage market continues to significantly grow in market potential. According to Bloomberg New Energy Finance (BNEF), “lithium-ion battery prices have fallen ‘by almost half just since 2014” with the electric vehicle industry being the key driver. The falling cost of batteries has resulted in electric vehicles reaching $300 per kWh price point which is needed to be considered competitive with natural gas plants. The author of a ThinkProgress article cites that when “battery prices drop another 50 percent, which BNEF thinks will happen within a decade or so, batteries dominate the market.” “The decline in the cost of batteries has been the result of new innovative manufacturing processes, as well as the scale of economy associated with higher manufacturing volume,” said Dr. David Lee, BioSolar’s Chief Executive Officer. “While these recent milestones and projected advancements are terrific, future projections are more heavily dependent upon innovations in and upgrades to battery materials not commercially available at present time.” The Company’s Si-M anode material is expected to be substantially less expensive than that of the benchmark silicon-carbon anode material, which is the key cost issue typically associated with battery technology. Material costs represent over 60 percent of the total battery cost in a typical lithium-ion battery. BioSolar believes its strategy of pursuing anode material advancements to support next-generation lithium-ion batteries can play an important role within the electric vehicle sector, and the broader energy storage technology industry. “By providing key material technologies to reduce lithium-ion battery costs, coupled with the mainstream adoption of electric vehicles, the BioSolar team believes it can serve a tremendous market opportunity,” concluded Dr. Lee. BioSolar is developing a breakthrough technology to increase the storage capacity, lower the cost and extend the life of lithium-ion batteries. A battery contains two major parts, a cathode and an anode, that function together as the positive and negative sides. BioSolar initially focused its development effort on high capacity cathode materials since most of today’s lithium-ion batteries are “cathode limited.” With the goal of creating the company’s next generation super battery technology, BioSolar is currently investigating high capacity anode materials recognizing the fact that the overall battery capacity is determined by combination of both cathode and anode. By integrating BioSolar’s high capacity cathode or anode, battery manufacturers will be able to create a super lithium-ion battery that can double the range of a Tesla, power an iPhone for two days straight, or store daytime solar energy for nighttime use. Founded with the vision of developing breakthrough energy technologies, BioSolar's previous successes include the world's first UL approved bio-based back sheet for use in solar panels. To learn more about BioSolar, please visit our website at http://www.biosolar.com. 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. 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.


News Article | September 28, 2016
Site: www.greencarcongress.com

« BMW to partner with Andretti Formula E; may lead to works involvement | Main | HERE unveils next-generation open platform real-time data services for automotive industry » BioSolar, a developer of energy storage technology and materials, has begun development of a high energy anode for current- and next-generation lithium batteries. While this anode is an independent technology, the Company will seek synergies with the Super Cathode technology it has been developing. (Earlier post.) BioSolar’s cathode technology, which has been the primary focus of its university-led research and development efforts, is a novel conductive polymer material that leverages fast redox-reaction properties rather than conventional lithium-ion intercalation chemistry to enable rapid charge and discharge. In contrast, BioSolar’s new anode technology is compatible with existing lithium-ion intercalation chemistries. The company says that there is also a possibility of consolidating with next-generation energy storage systems such as lithium-air and lithium-sulfur batteries in the future, thus potentially addressing a larger window of commercialization opportunity. BioSolar expects its anode to be compatible with existing battery manufacturing processes, thereby enabling seamless integration and speedy adoption. The company believes its new anode technology has the potential to reduce costs, improve range, and enable faster charging times across various markets, including electric vehicles, personal technology, and storage for renewable energy, such as solar. BioSolar has recently announced that it had entered into a new sponsored research program at the North Carolina Agricultural and Technical State University to strengthen the engineering development efforts of its battery technology. Dr. Sung-Jin Cho, Assistant Professor in the Nanoengineering Department at the university, is the lead investigator of the newly initiated sponsored research program.

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