UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 29, 2019
HYPERSOLAR, INC.
(Exact name of registrant as specified in its charter)
Nevada | 000-54437 | 26-4298300 | ||
(State or other jurisdiction
of incorporation) |
(Commission File Number) |
(IRS Employer
Identification No.) |
10 E. Yanonali, Suite 36
Santa Barbara, CA 93101
(Address of principal executive offices and Zip Code)
Registrant’s telephone number, including area code: (805) 966-6566
Copies to:
Gregory Sichenzia, Esq.
Marcelle S. Balcombe, Esq.
Sichenzia Ross Ference LLP
1185 Avenue of the Americas, 37th Floor
New York, New York 10036
Phone: (212) 930-9700
Fax: (212) 930-9725
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
Trading
Symbol(s) |
Name of each exchange on which registered | ||
None | None | None |
Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b2 of the Securities Exchange Act of 1934 (§240.12b2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events
On October 29, 2019, Hypersolar, Inc. (the “Company”) issued a press release to announce its recent progress towards completing its pilot plant for its Gen 1 technology. A copy of such press release is being furnished as Exhibit 99.1 to this current report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. | Description | |
99.1 | Press Release October 29, 2019 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
HYPERSOLAR, INC. | |
Date: October 29, 2019 | /s/ Timothy Young |
Timothy Young | |
Chief Executive Officer |
Exhibit 99.1
HyperSolar Moves Closer to Building Pilot Plant for its Breakthrough Gen 1 Technology
Company Presentation details steps to complete Gen 1 pilot plant and provides an update on Gen 2 development
SANTA BARBARA, CA , Oct. 28, 2019 (GLOBE NEWSWIRE) -- HyperSolar, Inc. (OTC:HYSR), the developer of a breakthrough technology to produce renewable hydrogen using sunlight and water, today announced the release of a company update providing a timeline for its Gen 1 product manufacturing and completion of a pilot plant. It has also provided an updated description of its transformational Gen 2 technology. Both are addressed in a Company Presentation that has been uploaded to the HyperSolar website.
“We have now built large sized prototypes that will lead to the manufacture of full-sized panels for inclusion in a production pilot plant,” said Tim Young, CEO of HyperSolar. “We continue to work with manufacturing engineers to produce a robust hydrogen generator/panel for the lowest possible cost. We have identified several sites and are in process of evaluating the potentials in Hawaii, Arizona and California for the initial pilot plants.”
The timeline included in Presentation indicates that the Company targets pilot plant completion for as soon as late Spring 2020.
As announced in September, 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 optimized for manufacturing. HyperSolar is currently narrowing the list of potential contract manufacturers and preparing detailed processes and procedures for full scale manufacturing.
The Presentation that is available on www.HyperSolar.com describes the breakthrough Gen 1 technology as well as Gen 2 nanotechnology, which management believes will be a truly transformational in the world hydrogen market.
Mr. Young concluded, “With our Gen 1 pilot plant, we will show the world how technology is coming that can produce renewable hydrogen without external electricity. I want to thank our supporters and investors for their patience in this development process.”
About HyperSolar,
Inc.
HyperSolar is developing a breakthrough, low-cost technology to make renewable hydrogen using sunlight and any source of water,
including seawater and wastewater. Unlike hydrocarbon fuels, such as oil, coal and natural gas, where carbon dioxide and other
contaminants are released into the atmosphere when used, hydrogen fuel usage produces pure water as the only byproduct. By optimizing
the science of water electrolysis at the nano-level, our low-cost nanoparticles mimic photosynthesis to efficiently use sunlight
to separate hydrogen from water, to produce environmentally friendly renewable hydrogen. Using our low-cost method to produce
renewable hydrogen, we intend to enable a world of distributed hydrogen production for renewable electricity and hydrogen fuel
cell vehicles. To learn more about HyperSolar, please visit our website at 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: our ability to successfully
negotiate agreements with suppliers and manufacturers of its hydrogen generation panels, our ability to procure project financing,
our ability to retain the service of a qualified engineering firm to design and build a pilot plant, our ability to secure an agreement
to with a partner with us for the pilot plant, 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.
Press Contact:
Info@hypersolar.com