SunHydrogen, Inc (OTCMKTS:HYSR) was one of the notable gainers on Tuesday’s trading session.
Market Action
on Tuesday, HYSR stock soared 23% to close at $0.1060. Total volume was 39.66 million shares, compared to its 30-day average volume of 23.96 million shares. The stock moved within a range of $0.0902 – 0.1100after opening at $0.0930. The stock has fallen almost 22% in the past quaretr. However, the stock has gained 42% over the past week.
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.
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