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HyperSolar Completes Patent FilingCutting Edge Optical Design Reduces the Cost of Solar Electricity SANTA BARBARA, Calif.--(BUSINESS WIRE)-- HyperSolar, Inc. (OTCBB:HYSR), the developer of a breakthrough technology that magnifies the power of the sun to significantly increase the power output of solar cells, announced today the recent submission of their full patent application entitled, “Thin and Flat Solar Collector-Concentrator and Method of Fabrication” to the United States Patent and Trademark Office.
By marrying the principles of solar concentration and cutting edge photonics techniques, HyperSolar is developing the world’s first thin and flat solar concentrator for direct placement on top of existing solar cells. Based on innovative microphotonics and low cost manufacturing processes, HyperSolar’s thin and flat optical layer can inexpensively collect and deliver substantially more sunlight onto solar cells. This allows solar cells to produce multiple times more power. “We are excited to have completed and filed our full patent application following up on our provisional application filed in 2009," says Tim Young, CEO, HyperSolar, Inc. "With our breakthrough design, we not only hope to make solar electricity affordable for the world, but also reduce the amount of toxic electronic waste by using less solar cells per panel." The patent application entitled, “Thin and Flat Solar Collector-Concentrator and Method of Fabrication” discloses more details regarding the Company’s novel invention. The invention is a photonics-based planar solar concentrator designed to collect sunlight from a large area on top, concentrating that solar energy, and directing it to a smaller area at the bottom where a solar cell can be attached. The concentrator will collect light from a relatively wide angle of incidence, thereby eliminating the necessity for active tracking equipment that other solar concentrating devices require. The HyperSolar layer is designed to be placed on top of flat panel designs to deliver multiple times the normal sunlight intensity to standard solar cells, thereby decreasing the number of cells required in a typical solar module and achieving a significantly lower cost per watt. The Company believes this is a revolutionary way to make solar panels. By providing solar manufacturers with a breakthrough technology to reduce the cost per watt of solar electricity, HyperSolar will help solar become a primary source of clean, renewable energy to power the future needs of the world. About HyperSolar, Inc. HyperSolar is developing a breakthrough technology to magnify the power of the Sun to significantly increase the power output of solar cells. Based on innovative microphotonics and low cost manufacturing processes, HyperSolar is developing a thin, flat, optical layer that can inexpensively collect and deliver substantially more sunlight onto solar cells. This new approach allows solar cells to produce multiple times more power. With HyperSolar as the top layer, manufacturers can use significantly fewer solar cells in the production of solar panels, thereby dramatically reducing the cost per watt of electricity. HyperSolar technology can also be used to decouple light collection from light conversion to further reduce the cost per watt of solar panels, building integrated systems and utility scale power plants. To learn more about HyperSolar, please visit our website at http://www.HyperSolar.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: 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. ContactsBeckerman Source: HyperSolar, Inc.
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