BioSolar Provides Update on Preparing its Lithium-ion Battery Prototypes
SANTA CLARITA, Calif., Aug. 21, 2019 (GLOBE NEWSWIRE) -- BioSolar, Inc. (BSRC) (“BioSolar” or the “Company”), a developer of breakthrough energy storage technology and materials, today announced a key logistics update for its lithium-ion battery technology development, which the Company believes will provide improved quality control and supply-chain security.
Following very positive initial testing, BioSolar and its cell manufacturing partner are currently working to identify upgrades to the 21700 cell design of its first set of battery prototypes. Previously, the Company’s performance-boosting additive materials were prepared overseas and shipped to its manufacturing partner. However, BioSolar has decided to have more direct control over the additive material supply chain and preparation processes, and will move these aspects of its production to the U.S.
In addition, BioSolar recently acquired a special set of small equipment and raw materials to prepare the upcoming batches of its battery prototypes, and began preparing its proprietary additive materials in North Carolina. From there, the materials will be shipped to the Company’s manufacturing partner in Asia for use in future lithium-ion battery prototypes.
“As we progress through prototype development, it is critical that we address each step of the process to ensure that we achieve our end result of being able to clearly demonstrate commercial viability,” said Dr. David Lee, Chief Executive Officer of BioSolar. “Our ability to have direct control of raw materials and equipment for our additive technology is a clear reflection of that focus, and one we expect will ultimately result in our ability to meet key customer performance requirements. This is a highly technical process that requires acute attention to detail and battery development nuances, and we are excited by the clear vision and path in front of us.”
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