BioSolar Begins Production and Testing of its Second Batch of Lithium-ion Battery Prototypes Incorporating its Silicon Anode Technology

The Company intends to leverage the knowledge gained from testing to develop lithium-ion battery technologies for electric vehicles

SANTA CLARITA, Calif., Jan. 14, 2020 (GLOBE NEWSWIRE) -- BioSolar, Inc. (OTCQB:BSRC)(“BioSolar” or the “Company”), today announced that its technology partner has commenced production and testing of the second batch of commercial-grade prototype 21700 lithium-ion cells incorporating additional cell design work. Once completed, the prototype batteries will be sent to potential manufacturing and development partners for their in-house qualification testing and analysis. 

BioSolar’s core focus is the application of its performance-boosting additive technology to the emerging category of silicon anode lithium-ion battery cells which, in this instance, are in the form of 21700 lithium-ion cells for power tools. BioSolar is currently preparing two different types of commercial grade 21700 prototype cells, the first based on the use of silicon alloy anode material comprised of Si micro-particles (Si-MP), and the second based on the use of pure silicon anode material comprised of Si nano-particles (Si-NP). The primary difference between the two is that the dimensions of Si-MP particles are much larger than those of Si-NP.

As the cell develops and hopefully demonstrates commercial viability in a power tool application, BioSolar intends to leverage the knowledge gained from these R&D efforts in battery design and manufacturing to develop lithium-ion battery technologies for electric vehicles. The demand for batteries capable of increasing the storage capacity while lowering the cost and extending the life is significant, considering the electric vehicle sector’s 60% year over year growth.

“BioSolar has made significant progress towards its goal of developing technologies to increase the storage capacity, lower the cost and extend the life of lithium-ion batteries,” said Dr. David Lee, CEO of BioSolar. “The objectives for the majority of consumer and commercial energy storage applications in high growth markets depend on the advancement of battery technologies. This clear trend led us to transition our focus and technology to meet the needs of the electric vehicle category – one of the largest and most exciting market opportunities on the horizon.”