NewHydrogen, Inc., a development stage company, operates as a developer of clean energy technologies.
The company's focus is on developing an electrolyzer technology to lower the cost of Green Hydrogen production.
The company is developing technologies to significantly reduce or replace rare materials with inexpensive earth abundant materials in electrolyzers to help usher in a Green Hydrogen economy.
The company's electrolyzer technology research and development is conducted at the Universit...
NewHydrogen, Inc., a development stage company, operates as a developer of clean energy technologies.
The company's focus is on developing an electrolyzer technology to lower the cost of Green Hydrogen production.
The company is developing technologies to significantly reduce or replace rare materials with inexpensive earth abundant materials in electrolyzers to help usher in a Green Hydrogen economy.
The company's electrolyzer technology research and development is conducted at the University of California at Los Angeles through a sponsored research agreement. The program is focused on replacing iridium with earth abundant materials that meet or exceed the performance characteristics of iridium. The company has also identified additional components and materials in electrolyzers where meaningful cost reductions can be performed.
The company will begin marketing its electrolyzer catalyst technologies as soon as a tangible form of quantitative performance demonstration becomes available. The company's marketing plan includes engaging with manufacturers of existing electrolyzer component and delivery infrastructure, as well as identifying and developing relationships with potential licensing partners with large scale hydrogen generation and supply logistics all over the world.
Manufacturing and Distribution
On February 2, 2022, the company entered into a Manufacturing Supply Agreement with Verde LLC providing for the future commercial production of hydrogen generation plants. The term of the Agreement continues through December 31, 2024, unless earlier terminated pursuant to the terms thereof.
Intellectual Property
On May 19, 2011, the company filed a U.S. patent to protect the intellectual property rights for 'Photovoltaic Module Backsheet, Materials for Use in Module Backsheet and Process for Making the Same,' application number 13/093,549. The inventor listed on the patent application is Stanley Levy, the company's former Chief Technology Officer. The company is listed as assignee. This patent was issued on July 14, 2015. The company's BioBacksheetR is available for licensing only.
On March 26, 2018, North Carolina Agricultural and Technical State University filed a U.S. patent application U.S. Serial No. 62/473,772 titled 'Prelithiated Silicon Particles for Lithium Ion Batteries', and the company has a non-exclusive License Agreement for the use of the technology. The patent was issued on December 29, 2020.
Technology Development Partners
On September 28, 2017, the company entered into an Exclusive License Agreement (the 'License Agreement') with the North Carolina A&T State University related to the use of the University's intellectual property in the company's business of developing, producing and marketing lithium-ion batteries. The company still retains a nonexclusive license to use the technology.
On June 14, 2018, the company executed a joint development agreement with Silicio Ferrosolar SLU, a subsidiary of Ferroglobe, PLC (NASDAQ:GSM), for collaborative efforts to assess, develop, and/or market silicon anode materials for high power, high energy lithium ion batteries by integrating BioSolar technology and Ferroglobe silicon materials.
On March 6, 2020, the company executed a joint development agreement with Soelect, Inc, for collaborative efforts to assess, develop, and/or market a processing technology to produce silicon oxide anode materials for electric vehicle lithium ion batteries. The company ended the joint development relationship in June 2021 and has pivoted away from pursuing battery technology to focus on pursuing Green Hydrogen Opportunities.
On December 14, 2020, the company executed a sponsored research agreement with the University of California, Los Angeles, for collaborative efforts to discover and develop efficient and stable earth-abundant material-based catalysts for hydrogen production through water electrolysis. On October 30, 2022, the company entered into Sponsored Research Agreement Third Amendment (the 'Amendment Agreement').
To assist the company in the development of its technology, the company intends to seek out and enter into technology development agreements with other entities with battery testing and materials expertise.
Research and Development
The company's research and development expenses were $1,095,483 for the year ended December 31, 2022.
History
The company was founded in 2006. It was incorporated in the state of Nevada in April 2006. The company was formerly known as BioSolar Labs, Inc. and changed its name to BioSolar, Inc. in June 2006. Further, the company changed its name to NewHydrogen, Inc. in April 2021.
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