biosolar extends research agreement with ucsb for next phase of its super battery technology
Developers of breakthrough energy storage technologies and materials announced today that the company has signed an agreement to extend funding for research projects sponsored by the University of California at Santa Barbara (\"UCSB\")
Support the next phase of its super battery technology development.
BioSolar\'s research program with UCSB began in July 2014 with a focus on low-cost, high-performance materials and structures for super capacitors and batteries.
The main inventor of the technology is Professor UCSB.
Alan Heger, who won the Nobel Prize in 2000 for discovering and developing conductive polymers, and Dr.
David Vonlanthen is a project scientist and energy storage expert at UCSB.
Based on the technological breakthrough made in 2014, bio-solar applied its technology to achieve large capacity and long time
Lithium-ion batteries have a very large market in a wide range of applications.
The company believes its breakthrough technology can double the storage capacity of lithium, reduce costs and extend the life of lithium. ion batteries --
All of the most sought after features in industries such as electric vehicles, smartphones, and solar power.
This extension provided 12 months of funding for research projects until June 2017.
The company recently announced that it has successfully completed the first phase of the development of super battery technology, and the test results show that lithium-
Ion batteries with BioSolar technology can achieve higher capacity at less than $100/kWh, less than half of today\'s lowest cost lithiumion batteries.
The development of the next phase requires the design and construction of prototype electrodes and batteries in sufficient quantities, which will allow for the technology in various Li-
Ion battery configuration.
\"We are pleased to extend our agreement to fund UCSB-sponsored research projects to further develop our supercell technology,\" said Dr . \"
David Lee, CEO of BioSolar
\"As one of the world\'s top research universities, UCB is considered a global leader in bioengineering, chemical and computational engineering, materials science, nanotechnology and physics.
We are confident that this team of science professionals will continue to advance the technology to achieve the goal of $100 per kilowatt.
Hourly cost milestones for energy storage.
Six Nobel Prize winners (
Science and Engineering 5)
It is also one of the winners of the prestigious Millennium Technology Awards.
Ranked 2014 in the World University academic rankings, among which UCB ranked seventh in the world in Engineering/Technology and Computer Science.
About BioSolar, Inc.
Bio-Solar is developing a breakthrough technology that doubles lithium\'s storage capacity, reduces costs and extends lifeion batteries.
The battery contains two main parts, one is the cathode and the other is the anode, which works together as the positive and negative poles. Today\'s state-of-the-art lithium-
Ion batteries are limited by the storage capacity of their cathode, while the anode can store more.
Inspired by nature, we are developing a new cathode based on cheap conductive polymers and organic materials that can take full advantage of the storage capacity of traditional anode.
By integrating our high capacity, high power and low
Battery manufacturers can manufacture extremely expensive cathode with conventional anode
Ion batteries can double Tesla\'s battery life, power the iPhone for 2 consecutive days, or store solar energy during the day for night use.
Based on the vision of developing breakthrough energy technologies, BioSolar\'s previous success included the world\'s first biotechnology approved by UL
Base back panel for solar panel.
To learn more about BioSolar, please visit our website in safe harbor.
Statement in the sense of the Private Securities Litigation Reform Act of 1995.
When used in this press release, this is identified by \"expectation\", \"belief\", \"estimate\", \"possibility\", \"intention\", \"expectation\" and similar expressions
Look at the report.
Actual results, performance or achievement may differ materially from forward expectations, expressed or implied results, performance or achievement --
The lookup statement contained here. These forward-
Forward-looking statements are based primarily on the expectations of the company and are influenced by some risks and uncertainties.
These include, but are not limited to, risks and uncertainties related to: the effects of economic, competitive and other factors affecting the performance of the company and its operations, markets, products and distributors, the impact of terrorist operations on national and local economiesS.
And other factors detailed in the company\'s report.