biosolar prepares for the next phase of its super battery technology development
BioSolar, Inc. (OTCQB: BSRC)
Breakthrough Developers in energy storage technology and materials today announced the company\'s strategic plan for the next phase of development, with a focus on identifying partners to further collaborate and advance its proprietary Super cathode technology.
The company plans to pursue key benchmarks, including the design and manufacture of prototype electrodes and batteries at multiple stages, which will help to systematically evaluate the performance of the technology.
In addition, the company intends to establish a strategic partnership with battery prototypes and test labs and potential customers who are interested in the company\'s technology.
In identifying potential customers as ideal candidates for developing partnerships, the company wants to achieve multiple goals.
First, while the company is confident in its technology and potential, it acknowledges that initial sales efforts are critical to success.
By working with potential customers during product development, the company believes that it will be in a favorable position to be adopted shortly after completion.
Secondly, potential customers as development partners will bring key experience and resources to the development of technology to ensure that technology is ready for the market.
The company previously announced that it has successfully completed the first phase of the development of super cathode technology, and the test results show that high energy and low cost lithium-ion batteries.
The Company believes that this progress shows that its cathode technology has the potential to achieve higher energy capacity at a cost of less than $100/kWh, less than half of today\'s lowest cost lithiumion batteries.
\"We look forward to Lee-
Ion batteries built with our cathode will not only show lower costs and higher storage capacity than existing lithium
Ion batteries, and the cycle life is significantly improved . \"
David Lee, CEO of BioSolar
\"We are also pleased to engage in dialogue and search for organizations that we believe can be strong development partners for continued cooperation and progress.
Our team is confident that the upcoming battery technology demo will further strengthen our position as an innovator in the energy storage industry.
\"BioSolar is currently funding a sponsored research project at the University of California, Santa Barbara (UCSB)
Further develop its super battery technology.
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.
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.
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