Up Or Down? SunHydrogen, Inc (OTCMKTS:HYSR) Announces key Updates

SunHydrogen, Inc (OTCMKTS:HYSR) is moving higher in the opening session on Tuesday after the news.

Market Action

As of 9:45, HYSR stock jumped 6.68% to $0.0919 on volume of 4.88 million shares. The stock has moved within a range of $0.0902 – 0.0930 after opening the trade at $0.2256.

SunHydrogen Reports Progress on its Nanoparticle-Based Green Hydrogen Technology

• announced progress on the development process for the scale-up of its nanoparticle hydrogen generation technology.
• Earlier this year, the company announced its cooperation with Schmid Group in Freudenstadt, Germany and InRedox in Longmont, Colorado to develop its technology to commercial scale. Schmid is developing the process and equipment for manufacturing while InRedox is focused on the electrochemical process of creating nanoporous templates on transparent substrates for growing nanoparticles.
• Despite foreseen challenges in the supply chain for necessary materials and equipment, the company has made positive progress in testing and confirming the scalable potential of the transparent substrates, a critical component for fabricating nanoparticle hydrogen generators. The company has worked with various transparent substrates to determine the best-performing ones for creation of nanoporous layers, which will then serve as a template and foundation for growing the nanoparticles. The company is further moving toward testing the growth of nanoparticles on the down-selected substrates at scales relevant for mass manufacturing.
• The company is also making good progress in the acquisition of the equipment and chemicals for fabrication, testing and validation of large-scale devices. The devices will consist of arrays of billions of nanoparticle-based hydrogen generators, each able to split water molecules into hydrogen and oxygen. Each array will be approximately the size of a single six-inch silicon solar cell.

“InRedox and Schmid have been dedicated in providing the necessary input and support for the development process. They have pushed the project hard even with the challenges in supply chains due to persisting pandemic,” said Tim Young, CEO of SunHydrogen, Inc.