Santa Barbara, Calif-based HyperSolar (OTC:HYSR) is making its way closer to completing its pilot plant.
The company, the developer of a breakthrough technology to produce renewable hydrogen using sunlight and water, put out a company update providing a timeline for its Gen 1 product manufacturing and completion of the plant. It has also provided an updated description of its transformational Gen 2 technology.
CEO Tim Young said,"We have now built large sized prototypes that will lead to the manufacture of full-sized panels for inclusion in a production pilot plant."
This fall, the company reached key milestones in its Gen 1 development, including fine tuning of chemical structure and application of protective coatings to extend the life of the hydrogen-generating cells. The attachment of the catalyst and the mechanical alteration of the cells essential for more significant hydrogen generation and capture have been refined to the point that it can now be more easily manufactured.
HYSR went into the final hour of Tuesday’s trading up 4.8% to 22-100ths of a cent, on volume topping 25.3 million shares.
