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    HYSR   US86738R1086


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SunHydrogen : Engages Top University and Scientific Team to Improve Solar-to-Hydrogen Efficiency for Its Green Hydrogen Panels

10/11/2021 | 06:30am EST

SANTA BARBARA, CA, Oct. 11, 2021 (GLOBE NEWSWIRE) -- SunHydrogen, Inc. (OTC:HYSR), the developer of a breakthrough technology to produce renewable hydrogen using sunlight and water, today announced that it has entered a sponsored research agreement with the University of Michigan for the next 12 months.

Through the partnership, SunHydrogen will look to develop and test highly efficient catalysts for oxygen and hydrogen evolution, which will lower the cost of materials while maintaining high solar-to-hydrogen conversion efficiency. The university team will also perform a robust technoeconomic assessment of SunHydrogen’s overall process.

The work will be led by Dr. Nirala Singh, assistant professor of chemical engineering at the University of Michigan. The team will consist of Dr. Singh and two postdoctoral scientists. The work will take place in conjunction and collaboration with SunHydrogen’s existing development partners; the University of Iowa, SCHMID Group and InRedox. 

“Dr. Singh has an exceptional track record in optimizing electrochemical processes to effectively utilize renewable electricity,” said SunHydrogen CEO Tim Young. “He was among the inventors of our original patented technology and we are happy to have him back on the team.”

About SunHydrogen, Inc.

SunHydrogen is developing a breakthrough, low-cost technology to make renewable hydrogen using sunlight and any source of water, including seawater and wastewater. The only byproduct of hydrogen fuel is pure water, unlike hydrocarbon fuels such as oil, coal and natural gas that release carbon dioxide and other contaminants into the atmosphere when used. By optimizing the science of water electrolysis at the nano-level, our low-cost nanoparticles mimic photosynthesis to efficiently use sunlight to separate hydrogen from water, ultimately producing environmentally friendly renewable hydrogen. Using our low-cost method to produce renewable hydrogen, we intend to enable a world of distributed hydrogen production for renewable electricity and hydrogen fuel cell vehicles. To learn more about SunHydrogen, please visit our website at www.SunHydrogen.com.

Safe Harbor Statement

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These forward-looking statements are based largely on the expectations of the company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: our ability to successfully negotiate agreements with suppliers and manufacturers of our hydrogen generation panels, our ability to procure project financing, our ability to retain the service of a qualified engineering firm to design and build a pilot plant, our ability to secure an agreement with a partner for the pilot plant, 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; the impact of public health epidemics on local and global economies and other factors detailed in reports filed by the company.

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2021 GlobeNewswire, Inc., source Press Releases

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Financials (USD)
Sales 2021 - - -
Net income 2021 -81,5 M - -
Net cash 2021 55,2 M - -
P/E ratio 2021 -2,05x
Yield 2021 -
Capitalization 205 M 205 M -
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees 4
Free-Float 93,9%
Duration : Period :
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Managers and Directors
Timothy Alan Young Chairman, President, Chief Executive Officer & CFO
Joun-Ho Lee Director-Technology
Blake Bryson Manager-Technology Development
Woosuk Kim Chief Operating Officer & Director
Mark J. Richardson Independent Director
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