Company establishes its vision for future battery innovation as it commences its new program for the development of a high energy anode
Santa Clarita, CA – October 25, 2016 – BioSolar, Inc. (OTCQB: BSRC), a developer of breakthrough energy storage technology and materials, today referenced its recent contributions to and participation within leading industry trade publications on the importance of advancements made to existing battery technologies in order to support emerging industries.
As communicated to shareholders and the general market since the commencement of its battery development technology, BioSolar has sought to improve existing lithium-ion capabilities while reducing cost, effectively supporting key emerging industries including but not limited to electric vehicle (EV), personal electronics, and solar distribution. In a piece published in Renewable Energy World Magazine entitled “Why the Success of Key Industries Depends on Future Battery Technology Innovation,” BioSolar CEO David Lee cites widespread opinion that “the greatest advancements in battery storage technology will be made not by building upon existing products or incremental improvements of performance and cost by scale of economy, but by addressing the fundamental change in chemistry currently embedded with existing lithium-ion batteries.”
Dr. Lee further assessed the market-driven need for battery technology advancements in a piece contributed to Triple Pundit, entitled “Searching For a Better Battery Future.” Within this article, Dr. Lee transparently addressed the challenges for manufacturers working hard to create a better battery, citing the importance of considering innovations to underlying chemistry. Dr. Lee concluding the piece by writing, “the two most important and challenging objectives related to lithium-ion battery technologies are increasing the energy density and reducing the cost. In changing the way we perceive and engineer battery chemistries, these improvements may happen — and will profoundly impact the future of both current and future consumer applications.”
“BioSolar’s recent entry into new anode technology development represents our clear view that in order made energy storage practical and cost efficient, we must address underlying battery technologies,” said Dr. David Lee, CEO of BioSolar. “In our general opinion, one that is popular among researchers and experts around the globe, the advancements being made to the lithium-ion battery may require time and patience, but ultimately will significantly impact industries spanning electric vehicle, personal electronics, and utility scale operations.”
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.
To learn more about BioSolar, please visit our website at http://www.biosolar.com.