BioSolar Files National Phase Patents for Its Technology
SANTA CLARITA, CA–(Marketwired – February 23, 2016) – BioSolar, Inc. (OTCQB: BSRC), developer of breakthrough energy storage technology and materials, today announced that it has jointly filed national phase patent applications in the U.S., Canada, and Japan with the University of California, Santa Barbara (“UCSB”) for “a multicomponent-approach to enhance stability and capacitance in polymer-hybrid supercapacitors.” This invention also provides core basis for the Company’s super battery technology.
BioSolar previously filed an international patent application under the Patent Cooperation Treaty (PCT) for the technology that forms the basis for the proprietary technology the Company believes will improve storage capacity and increase the lifetime of supercapacitors and batteries. The PCT application, which establishes a filing date in all contracting states, requires the next step of entering into national or regional phases to proceed towards grant of one or more patents.
Based on the Company’s internal analysis, a super battery built using its patent-pending technology could potentially break the $100/kWh cost barrier needed for mass market adoption of energy storage. Achieving the $100/kWh cost barrier would effectively reach what is referred to as the “holy grail” for utilities, with respect to energy storage.
“Filing this joint patent application helps protect the technological milestones achieved thus far, and moves us closer to the next phase of building complete prototypes and identifying potential partners,” said David Lee, CEO of BioSolar. “Rarely does one technology exhibit such potential across so many energy sectors spanning solar, electric vehicles, and traditional charging applications for personal technology use. This patent ensures that we not only protect our intellectual property, but that we control future licensing efforts that may one day represent a significant source of revenue.”
BioSolar is currently funding a sponsored research program at the University of California, Santa Barbara (“UCSB”), to further develop its super battery technology. The lead inventors of the technology are UCSB professor Dr. Alan Heeger, the recipient of a Nobel Prize in 2000 for the discovery and development of conductive polymers, and Dr. David Vonlanthen, a project scientist and expert in energy storage at UCSB.