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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.


« 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.


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 | 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.


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.

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