Jun 21, 2016
BioSolar, Inc. a developer of breakthrough energy storage technology and materials, today announced that it has jointly filed an additional international patent application with the University of California, Santa Barbara ("UCSB") for "High Capacity Cathode for Use in Supercapacitors and Batteries and Methods for Manufacturing such Cathodes."
The inventors of the patent application include Dr. Alan Heeger, the recipient of a Nobel Prize in 2000 for the discovery and development of conductive polymers, of UCSB; Dr. David Vonlanthen of UCSB; Dr. David Lee, the Company's chief executive officer; and Dr. Stanley Levy, the Company's chief technology officer.
BioSolar filed an international patent application under the Patent Cooperation Treaty (PCT) that further expands 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 149 contracting states, requires the next step of entering into national or regional phases before proceeding towards a grant of one or more patents.
"Filing this joint international patent application helps protect the technological milestones achieved thus far, providing value not only to our Company, but to its shareholders," said David Lee, CEO of BioSolar. "We believe our technology represents remarkable potential across a number of high growth markets including solar, electric vehicles, and traditional charging applications for personal technology use. As such, it is of the highest importance that we protect our intellectual property and maintain control of licensing efforts that we believe could generate a significant stream of revenue."
The Company's proprietary cathode material under development consists of commercially available polymers and other raw materials to make up the redox-supporting cathode structure. The cathode can be manufactured using a low cost proprietary coating process rather than expensive and energy-intensive slurrying and calendaring processes currently used to manufacture existing cathodes in lithium-ion batteries.