Moving into the mass production of fuel-cell lithium-ion batteries has been considered something of a breakthrough for Santa Clarita, Calif-based BioSolar, Inc. (OTC:BSRC)
The developer of breakthrough energy storage technology and materials successfully concluded the material preparation phase for building prototypes for full cell lithium-ion batteries, and will now transition to the build and test portion of its program in collaboration with its cell manufacturing partner.
BioSolar’s cell manufacturing partner in Korea is now preparing to build the first batch of the commercial grade prototype 21700 lithium-ion cylindrical cells. BSRC harbors the opinion that this cell design can demonstrate commercial viability and achieve increased exposure to customers who may test and ultimately incorporate its additive technology.
According to CEO David Lee, "Our goal is to demonstrate the technological feasibility and cost benefits of BioSolar’s technology, which we believe will enable higher energy and power capabilities.
"Our eventual goal is to demonstrate that our additive technology can improve and exceed performance objectives for customers without disrupting their manufacturing processes and infrastructure, reducing costs, which we anticipate would impact purchasing decisions by end users."
BioSolar made it into noon hour ET with a price up 3.7% to 2.8 cents, on volume of 748,000 shares.
