BioSolar Jointly Files National Phase Patent Applications in China and South Korea

BioSolar, Inc. (OTCQB:BSRC), developer of energy storage technology and materials, has jointly filed national phase patent applications in South Korea and China for “a multicomponent-approach to enhance stability and capacitance in polymer-hybrid supercapacitors.”
According to the press release:

This invention also provides core basis for the Company’s super battery technology.
BioSolar previously filed an international patent application under the Patent Cooperation Treaty (PCT) for the technology that forms 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 contracting states, requires the next step of entering into national or regional phases to proceed towards grant of one or more patents.
BioSolar considers China to be a key audience of potential customers and partners for the Company’s proprietary technology. The Chinese government has taken what BioSolar perceives to be a very positive stance to strengthening the market opportunity, increasing production of and sales for pure electric vehicles and plug-in hybrids to more than five million units by 2020. Thus, China’s power battery market is expected to quadruple by 2017 and exceed sales of 160 billion Yuan ($25B) within the next 10 years, according to China Industrial Association of Power Sources.
BioSolar has also been the recent subject of multiple articles published by leading renewable energy as well as engineering publications. Cleantechnica, a leading clean technology-focused website, published an article detailing the scientific team including Nobel Laureate Dr. Alan Heeger, the Company’s pursuit of $100 per kWh for high capacity energy storage, and why the Company’s technology could potentially solve two critical issues surrounding traditional lithium-ion battery technology. Chemical Engineering Magazine also published an article taking a detailed view of the key differentiators of BioSolar technology and that of traditional lithium-ion intercalation chemistry, citing the steps required to commercialize and potentially license the technology to battery manufacturers.

Click here to read the full press release.