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BioSolar Emphasizes Significance of Its Silicon Anode Technology(January 16, 2018)
SANTA CLARITA, Calif., Jan. 16, 2018 (GLOBE NEWSWIRE) -- BioSolar, Inc. (OTCQB:BSRC) (“BioSolar” or the “Company”), a developer of breakthrough energy storage technology and materials, today highlighted the potential impact of its silicon anode additive technology. This new technology may enable widespread commercialization of Silicon (Si) anodes made from lower cost Si micro-particle materials, as opposed to Si-nano-particles, to fill the need for advanced batteries in many emerging market sectors.
The industry standard for Si anodes currently uses Si nano-particles, but the difficulty of manufacturing raw Si nano-particle materials remains a costly challenge. In contrast, Si micro-particles are easier to manufacture at a significantly lower cost. Unfortunately, anodes made from Si micro-particles are more prone to damage during battery charging and discharging due to volume expansion, thus not yet commercially viable. BioSolar’s innovative additive technology is designed to solve this problem.
Last year, BioSolar announced that its additive technology exhibited significant improvement in battery capacity and capacity retention when applied to Si anodes made from Si micro-particles. Following the announcement, the Company has received numerous inquiries from battery material suppliers worldwide that have been working on Si micro-particle anodes.
The company’s technical advances come at an opportune time in the rapidly growing battery market. This week, Ford Motors announced that it plans to invest up to $11 billion by 2020 with 40 hybrid and fully electric vehicles in its model lineup. This commitment from a major automotive manufacturer follows Volkswagen’s decision to spend $40 billion on electric cars, autonomous driving and new mobility services by the end of 2022 - significantly more than when it announced two months earlier it would invest more than 20 billion euros on electric and self-driving cars through 2030.
To enable mass-market applications such as electric vehicles, cost must be lower and capacity must be higher. Silicon anodes hold great potential in achieving these objectives, which is why it is heavily researched around the world. BioSolar believes its additive technology, when more fully developed and reviewed by industry experts and scientific peers, represents a breakthrough solution for this growing unmet need.
“The number and type of industry players that contacted us regarding our additive technology was surprising, and also confirmed for us that we are on the right path,” said Dr. David Lee, CEO of BioSolar. “Our additive technology is one we believe solves a fundamental challenge in how to significantly increase the capacity and lower the cost of lithium ion batteries using silicon anodes. We are quite encouraged by the positive interest we’ve received from battery material suppliers regarding our additive technology and we look forward to exploring market opportunities with them.”
About BioSolar, Inc.
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.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.