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« Hawaii study finds vehicle-to-grid discharge detrimental to EV batteries | Main | Leclanché’s launches new marine battery system; to be used in Denmark’s E-ferry » BioSolar, a developer of energy storage technology and materials, has completed the lab phase and has begun the engineering phase of its development of a silicon (Si) alloy anode material. In September 2016, BioSolar, which up to that point had been focusing primarily on its development of a “Super Cathode”, announced it had begun development of an anode technology as well. (Earlier post.) Lab testing showed that in a half-cell, BioSolar’s Si alloy anode had specific capacity of 1,235 mAh/g with 95.3% of capacity retention, as compared to the best-known competitor’s 1,181 mAh/g specific capacity with 91.0% capacity retention. Further, BioSolar’s Si alloy anode demonstrated more than 99.8% of cycle (charge-discharge) efficiency during 100 cycles of operation with lithium metal half-cell. A full cell battery incorporating BioSolar’s Si Alloy anode and the highest capacity cathode commercially available (lithium nickel cobalt aluminum oxide cathode with specific capacity of 180 mAh/g at 4.3V), exhibited 99.6% of capacity retention over 50 cycles. BioSolar’s initial target for its Si alloy anode development is 620 mAh/g at the full cell configuration, but further enhancement will allow achieving 1000 mAh/g in the near future, the company said. The engineering phase focuses on designing and testing the electrodes based on the company’s Si alloy anode material, as well as full cell design and evaluation with commercially available high capacity cathodes.


News Article | May 15, 2017
Site: www.greencarcongress.com

« BioSolar begins engineering phase of its work on new Si alloy anode for high-capacity Li-ion batteries | Main | GM Maven expanding car-sharing operations in NYC » Leclanché SA announced the market launch of Leclanché Marine Rack System (MRS), a modular, Lithium-ion battery system for marine vessels. Leclanché MRS is the first marine battery system of its type approved by international certification body DNV-GL under revised rules issued in October 2015. Leclanché will use the MRS on the E-ferry in Denmark, the world’s largest, 100% electric ferry by battery capacity, equipped with a 4.3 MWh Leclanché Lithium-ion battery and scheduled for launch later this year. (Earlier post.) The E-ferry is a single ended, drive-through Ro-Ro passenger ferry with one continuous main deck for trailers and cars. Capacity is 31 cars or 5 trucks on open deck, with 147 passengers in winter and 198 passengers in summer. There is a huge opportunity for marine vessels across the world to reduce their harmful emissions and cut their operating costs by leveraging battery storage technology. This is why we developed the MRS and we are delighted that it is the world’s first such solution to receive type approval from DNV-GL. This certification opens up a very exciting and substantial global market for Leclanché. Safety was one of Leclanché’s key focus areas when developing the MRS. The company performed multiple fire propagation tests to ensure that the battery system performed safely, in even the most extreme situations. With the requirement to pass close to 20 separate tests, the DNV-GL certification process sets the benchmark for battery system safety in marine applications. The E-ferry will be launched in late 2017 sailing between the island Ærø and the mainland. The emission-free, passenger and car ferry will be able to sail a record 60 nautical miles (110 km) on a single charge. The E-ferry is an EU Horizon 2020 project, the EU’s €77-billion transport and energy research and innovation programme from 2014 to 2020. In Scandinavia, there is the potential to convert nearly 200 ferry routes to electric within the next decade; Europe-wide more than 1,000 ferries could be converted. The Leclanché MRS could also be used in other marine applications including hybridization and peak shaving of auxiliary loads of cargo vessels and cruise ships.


News Article | May 9, 2017
Site: globenewswire.com

SANTA CLARITA, Calif., May 09, 2017 (GLOBE NEWSWIRE) -- BioSolar, Inc. (OTCQB:BSRC)(“BioSolar” or the “Company”), a developer of breakthrough energy storage technology and materials, today announced that the Company has commenced the engineering phase of its silicon (Si) alloy anode material technology development, a milestone achievement that comes amid reports of further development within the high-growth lithium-ion battery market. The engineering phase focuses on designing and testing the electrodes based on the Company’s Si alloy anode material, as well as full cell design and evaluation with commercially available high capacity cathodes. Innovation within the lithium-ion battery industry, still quite dominant as a means of powering electric cars and storing energy produced by renewable sources, is expected to establish itself as a $77.42 billion market by 2024. BioSolar’s laboratory test results demonstrate that lithium-ion batteries incorporating BioSolar’s Si alloy anode can achieve significantly higher capacity than the conventional graphite anode. Further, the Company’s anode material costs less when compared to other Si anodes currently on the market. These results are very promising because the tests were conducted using the Company’s laboratory scale Si alloy anode materials, as compared to commercially available, market-used Si anode materials. “Entering engineering phase development is a very important milestone for the Company, one that provides us the platform to engage and hopefully collaborate with manufacturing and development partners,” said Dr. David Lee, CEO of BioSolar. “We are confident that our approach will continue to demonstrate not only higher performance but also better price points, strengthening its commercial viability and market potential.” 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 | May 9, 2017
Site: globenewswire.com

SANTA CLARITA, Calif., May 09, 2017 (GLOBE NEWSWIRE) -- BioSolar, Inc. (OTCQB:BSRC)(“BioSolar” or the “Company”), a developer of breakthrough energy storage technology and materials, today announced that the Company has commenced the engineering phase of its silicon (Si) alloy anode material technology development, a milestone achievement that comes amid reports of further development within the high-growth lithium-ion battery market. The engineering phase focuses on designing and testing the electrodes based on the Company’s Si alloy anode material, as well as full cell design and evaluation with commercially available high capacity cathodes. Innovation within the lithium-ion battery industry, still quite dominant as a means of powering electric cars and storing energy produced by renewable sources, is expected to establish itself as a $77.42 billion market by 2024. BioSolar’s laboratory test results demonstrate that lithium-ion batteries incorporating BioSolar’s Si alloy anode can achieve significantly higher capacity than the conventional graphite anode. Further, the Company’s anode material costs less when compared to other Si anodes currently on the market. These results are very promising because the tests were conducted using the Company’s laboratory scale Si alloy anode materials, as compared to commercially available, market-used Si anode materials. “Entering engineering phase development is a very important milestone for the Company, one that provides us the platform to engage and hopefully collaborate with manufacturing and development partners,” said Dr. David Lee, CEO of BioSolar. “We are confident that our approach will continue to demonstrate not only higher performance but also better price points, strengthening its commercial viability and market potential.” 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.


SANTA CLARITA, Calif., June 06, 2017 (GLOBE NEWSWIRE) -- BioSolar, Inc. (OTCQB:BSRC) (“BioSolar” or the “Company”), a developer of breakthrough energy storage technology and materials, today announced that the Company has executed a joint development agreement with Top Battery Co., Ltd. (“Top Battery”), a leading manufacturer of advanced lithium-ion battery solutions, based in the Republic of Korea. This agreement follows the Company’s previous announcement that it had successfully completed the laboratory phase of its silicon alloy nanocomposite anode material development with data suggesting its technology can achieve significantly higher capacity with lowered costs. The Company has also recently commenced the engineering phase that focuses on designing and testing the electrodes based on the Company’s anode material, as well as full cell design and evaluation with commercially available high capacity cathodes. BioSolar, with its proprietary technology relating to silicon alloy nanocomposite anode material for lithium-ion batteries, believes Top Battery is a natural fit as a developmental partner. Top Battery possesses experience in incorporating technologies such as BioSolar’s anode material, and in designing and manufacturing lithium-ion electrodes, cells and battery systems for customers. BioSolar and Top Battery have agreed to ongoing, collaborative efforts to assess, develop, manufacture, and/or market high power high energy lithium-ion batteries integrating BioSolar technology and Top Battery technology. “We are excited to partner with BioSolar, a company whose technology represents tremendous upside in the field of lithium-ion battery manufacturing,” said Dr. Whan Jin Roh, CEO of Top Battery. “We are hopeful that BioSolar’s focus on silicon alloy nanocomposite anode material development will yield results that ultimately reduce costs and improve efficiencies, a series of objectives that would immediately be of interest to the global market.” “We are pleased to have Top Battery as a development partner, given their experience in incorporating innovative and developing technologies such as our own, and bringing them to market,” said Dr. David Lee, CEO of BioSolar. “We are confident that this partnership and its subsequent results will continue to demonstrate not only higher performance but also better price points, strengthening BioSolar’s commercial viability and market potential.” 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. About Top Battery Co., Ltd. Top Battery develops and produce lithium-ion batteries and materials for application in electric vehicles (xEV) and energy storage systems (ESS). With more than 20 years of experience in the lithium-ion battery industry, Top Battery Co. has solutions for materials, cell design, and automatic production engineering. To learn more about Top Battery, please visit the company’s website at http://www.topbattery.co.kr. 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.


SANTA CLARITA, Calif., June 06, 2017 (GLOBE NEWSWIRE) -- BioSolar, Inc. (OTCQB:BSRC) (“BioSolar” or the “Company”), a developer of breakthrough energy storage technology and materials, today announced that the Company has executed a joint development agreement with Top Battery Co., Ltd. (“Top Battery”), a leading manufacturer of advanced lithium-ion battery solutions, based in the Republic of Korea. This agreement follows the Company’s previous announcement that it had successfully completed the laboratory phase of its silicon alloy nanocomposite anode material development with data suggesting its technology can achieve significantly higher capacity with lowered costs. The Company has also recently commenced the engineering phase that focuses on designing and testing the electrodes based on the Company’s anode material, as well as full cell design and evaluation with commercially available high capacity cathodes. BioSolar, with its proprietary technology relating to silicon alloy nanocomposite anode material for lithium-ion batteries, believes Top Battery is a natural fit as a developmental partner. Top Battery possesses experience in incorporating technologies such as BioSolar’s anode material, and in designing and manufacturing lithium-ion electrodes, cells and battery systems for customers. BioSolar and Top Battery have agreed to ongoing, collaborative efforts to assess, develop, manufacture, and/or market high power high energy lithium-ion batteries integrating BioSolar technology and Top Battery technology. “We are excited to partner with BioSolar, a company whose technology represents tremendous upside in the field of lithium-ion battery manufacturing,” said Dr. Whan Jin Roh, CEO of Top Battery. “We are hopeful that BioSolar’s focus on silicon alloy nanocomposite anode material development will yield results that ultimately reduce costs and improve efficiencies, a series of objectives that would immediately be of interest to the global market.” “We are pleased to have Top Battery as a development partner, given their experience in incorporating innovative and developing technologies such as our own, and bringing them to market,” said Dr. David Lee, CEO of BioSolar. “We are confident that this partnership and its subsequent results will continue to demonstrate not only higher performance but also better price points, strengthening BioSolar’s commercial viability and market potential.” 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. About Top Battery Co., Ltd. Top Battery develops and produce lithium-ion batteries and materials for application in electric vehicles (xEV) and energy storage systems (ESS). With more than 20 years of experience in the lithium-ion battery industry, Top Battery Co. has solutions for materials, cell design, and automatic production engineering. To learn more about Top Battery, please visit the company’s website at http://www.topbattery.co.kr. 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.


SANTA CLARITA, Calif., June 06, 2017 (GLOBE NEWSWIRE) -- BioSolar, Inc. (OTCQB:BSRC) (“BioSolar” or the “Company”), a developer of breakthrough energy storage technology and materials, today announced that the Company has executed a joint development agreement with Top Battery Co., Ltd. (“Top Battery”), a leading manufacturer of advanced lithium-ion battery solutions, based in the Republic of Korea. This agreement follows the Company’s previous announcement that it had successfully completed the laboratory phase of its silicon alloy nanocomposite anode material development with data suggesting its technology can achieve significantly higher capacity with lowered costs. The Company has also recently commenced the engineering phase that focuses on designing and testing the electrodes based on the Company’s anode material, as well as full cell design and evaluation with commercially available high capacity cathodes. BioSolar, with its proprietary technology relating to silicon alloy nanocomposite anode material for lithium-ion batteries, believes Top Battery is a natural fit as a developmental partner. Top Battery possesses experience in incorporating technologies such as BioSolar’s anode material, and in designing and manufacturing lithium-ion electrodes, cells and battery systems for customers. BioSolar and Top Battery have agreed to ongoing, collaborative efforts to assess, develop, manufacture, and/or market high power high energy lithium-ion batteries integrating BioSolar technology and Top Battery technology. “We are excited to partner with BioSolar, a company whose technology represents tremendous upside in the field of lithium-ion battery manufacturing,” said Dr. Whan Jin Roh, CEO of Top Battery. “We are hopeful that BioSolar’s focus on silicon alloy nanocomposite anode material development will yield results that ultimately reduce costs and improve efficiencies, a series of objectives that would immediately be of interest to the global market.” “We are pleased to have Top Battery as a development partner, given their experience in incorporating innovative and developing technologies such as our own, and bringing them to market,” said Dr. David Lee, CEO of BioSolar. “We are confident that this partnership and its subsequent results will continue to demonstrate not only higher performance but also better price points, strengthening BioSolar’s commercial viability and market potential.” 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. About Top Battery Co., Ltd. Top Battery develops and produce lithium-ion batteries and materials for application in electric vehicles (xEV) and energy storage systems (ESS). With more than 20 years of experience in the lithium-ion battery industry, Top Battery Co. has solutions for materials, cell design, and automatic production engineering. To learn more about Top Battery, please visit the company’s website at http://www.topbattery.co.kr. 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.


SANTA CLARITA, Calif., June 06, 2017 (GLOBE NEWSWIRE) -- BioSolar, Inc. (OTCQB:BSRC) (“BioSolar” or the “Company”), a developer of breakthrough energy storage technology and materials, today announced that the Company has executed a joint development agreement with Top Battery Co., Ltd. (“Top Battery”), a leading manufacturer of advanced lithium-ion battery solutions, based in the Republic of Korea. This agreement follows the Company’s previous announcement that it had successfully completed the laboratory phase of its silicon alloy nanocomposite anode material development with data suggesting its technology can achieve significantly higher capacity with lowered costs. The Company has also recently commenced the engineering phase that focuses on designing and testing the electrodes based on the Company’s anode material, as well as full cell design and evaluation with commercially available high capacity cathodes. BioSolar, with its proprietary technology relating to silicon alloy nanocomposite anode material for lithium-ion batteries, believes Top Battery is a natural fit as a developmental partner. Top Battery possesses experience in incorporating technologies such as BioSolar’s anode material, and in designing and manufacturing lithium-ion electrodes, cells and battery systems for customers. BioSolar and Top Battery have agreed to ongoing, collaborative efforts to assess, develop, manufacture, and/or market high power high energy lithium-ion batteries integrating BioSolar technology and Top Battery technology. “We are excited to partner with BioSolar, a company whose technology represents tremendous upside in the field of lithium-ion battery manufacturing,” said Dr. Whan Jin Roh, CEO of Top Battery. “We are hopeful that BioSolar’s focus on silicon alloy nanocomposite anode material development will yield results that ultimately reduce costs and improve efficiencies, a series of objectives that would immediately be of interest to the global market.” “We are pleased to have Top Battery as a development partner, given their experience in incorporating innovative and developing technologies such as our own, and bringing them to market,” said Dr. David Lee, CEO of BioSolar. “We are confident that this partnership and its subsequent results will continue to demonstrate not only higher performance but also better price points, strengthening BioSolar’s commercial viability and market potential.” 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. About Top Battery Co., Ltd. Top Battery develops and produce lithium-ion batteries and materials for application in electric vehicles (xEV) and energy storage systems (ESS). With more than 20 years of experience in the lithium-ion battery industry, Top Battery Co. has solutions for materials, cell design, and automatic production engineering. To learn more about Top Battery, please visit the company’s website at http://www.topbattery.co.kr. 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 | May 9, 2017
Site: globenewswire.com

SANTA CLARITA, Calif., May 09, 2017 (GLOBE NEWSWIRE) -- BioSolar, Inc. (OTCQB:BSRC)(“BioSolar” or the “Company”), a developer of breakthrough energy storage technology and materials, today announced that the Company has commenced the engineering phase of its silicon (Si) alloy anode material technology development, a milestone achievement that comes amid reports of further development within the high-growth lithium-ion battery market. The engineering phase focuses on designing and testing the electrodes based on the Company’s Si alloy anode material, as well as full cell design and evaluation with commercially available high capacity cathodes. Innovation within the lithium-ion battery industry, still quite dominant as a means of powering electric cars and storing energy produced by renewable sources, is expected to establish itself as a $77.42 billion market by 2024. BioSolar’s laboratory test results demonstrate that lithium-ion batteries incorporating BioSolar’s Si alloy anode can achieve significantly higher capacity than the conventional graphite anode. Further, the Company’s anode material costs less when compared to other Si anodes currently on the market. These results are very promising because the tests were conducted using the Company’s laboratory scale Si alloy anode materials, as compared to commercially available, market-used Si anode materials. “Entering engineering phase development is a very important milestone for the Company, one that provides us the platform to engage and hopefully collaborate with manufacturing and development partners,” said Dr. David Lee, CEO of BioSolar. “We are confident that our approach will continue to demonstrate not only higher performance but also better price points, strengthening its commercial viability and market potential.” 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 | May 9, 2017
Site: globenewswire.com

SANTA CLARITA, Calif., May 09, 2017 (GLOBE NEWSWIRE) -- BioSolar, Inc. (OTCQB:BSRC)(“BioSolar” or the “Company”), a developer of breakthrough energy storage technology and materials, today announced that the Company has commenced the engineering phase of its silicon (Si) alloy anode material technology development, a milestone achievement that comes amid reports of further development within the high-growth lithium-ion battery market. The engineering phase focuses on designing and testing the electrodes based on the Company’s Si alloy anode material, as well as full cell design and evaluation with commercially available high capacity cathodes. Innovation within the lithium-ion battery industry, still quite dominant as a means of powering electric cars and storing energy produced by renewable sources, is expected to establish itself as a $77.42 billion market by 2024. BioSolar’s laboratory test results demonstrate that lithium-ion batteries incorporating BioSolar’s Si alloy anode can achieve significantly higher capacity than the conventional graphite anode. Further, the Company’s anode material costs less when compared to other Si anodes currently on the market. These results are very promising because the tests were conducted using the Company’s laboratory scale Si alloy anode materials, as compared to commercially available, market-used Si anode materials. “Entering engineering phase development is a very important milestone for the Company, one that provides us the platform to engage and hopefully collaborate with manufacturing and development partners,” said Dr. David Lee, CEO of BioSolar. “We are confident that our approach will continue to demonstrate not only higher performance but also better price points, strengthening its commercial viability and market potential.” 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.

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