BioSolar Inc.

10/22/2019 | Press release | Distributed by Public on 10/21/2019 18:53

BioSolar’s International Partner Prepares Anode Materials Incorporating US-Produced Performance Boosting Silicon Additives

New batch of anode materials are being evaluated prior to incorporating into BioSolar's next prototype lithium-ion batteries

Santa Clarita, CA - October 22, 2019 - BioSolar, Inc. (OTCQB:BSRC) ('BioSolar' or the 'Company'), a developer of breakthrough energy storage technology and materials, today announced that the Company's material manufacturing partner has prepared a new batch of anode materials incorporating US-produced performance boosting silicon additives. The anode materials will be used for the next phase of prototype lithium-ion batteries in upcoming months by the Company's cell manufacturing partner based in Asia.

The new batch of silicon anode materials are being closely examined by the Company's technology team to detect and remedy, if necessary, potential material quality gaps that can occur during different phases of material and cell preparation. The Company will also build and test its own small size battery with the new anode material before its manufacturing partner begins commercial grade battery assembly and testing protocols. These steps are critical toward the Company's development efforts as it seeks to upgrade the 21700 cell design of its next set of battery prototypes.

The highly ionic silicon-lithium anode material is designed to improve the battery's first cycle efficiency, capacity retention for long-term cycling, and power capabilities. The Company's performance boosting silicon additives are now produced in the US before being shipped to BioSolar's international anode material manufacturing partner in Asia, a strategic procurement decision that the Company believes will ultimately drive down cost and improve quality control of the resulting product.

'Our strategy to demonstrate commercial viability for our additive technology is to create commercial grade prototype battery cells that pose an upgrade to existing anode material,' said Dr. David Lee, Chief Executive Officer of BioSolar. 'We are pleased with the progress achieved thus far by our technology partners and leadership, and will continue to provide updates to existing and potential partners, as well as the public and security holders.'