OTC Bulletin Board

S & P Company Insight for HYPERSOLAR INC
 
 Profile

 
Business Summary: HyperSolar, Inc., a development-stage company, is developing a solar concentrator technology to increase the power output of solar cells. The company is developing a thin and flat solar concentrator that it believes can deliver substantially more sunlight onto solar cells.
 
Address
  93-B Castilian Dr.
  Santa Barbara , CA 93117
  Phone: 805-968-0600
  Website: http://www.hypersolar.com
Auditor
  HJ Associates & Consultants
Transfer Agent
  Computershare Trust Company, N.A.
Employees:  2
ShareHolders:  108
Founded:  2009
Domicile:  Nevada
 
  
 
 Background

 
HyperSolar, Inc., in the development stage as of Dec. 31, 2009, is developing a solar concentrator technology to increase the power output of solar cells. As of April 2010, the company was working on, but had not completed, a working prototype of its technology. Based on micro-photonics and existing manufacturing processes, HyperSolar is developing a thin and flat solar concentrator that the company believes can deliver substantially more sunlight onto solar cells. HyperSolar believes this new approach allows solar cells to produce multiple times more power. The thin and flat nature of this solar concentrator is intended to allow it to be placed as a layer directly on the surface of solar cells in conventional photovoltaic flat panel designs. With the HyperSolar product as the top layer, the company believes solar manufacturers can use significantly fewer solar cells in the production of solar panels, thereby reducing the cost per watt of solar electricity. Since its inception, HyperSolar has been primarily involved in research and development activities associated with the filing of a patent application and designing and fabricating a working prototype. When it has completed a commercial product design based on its technology, HyperSolar intends to use licensing and partnering strategies to enter the market. The company intends to reduce the cost of solar panels by replacing expensive solar cells with its inexpensive optical solar concentrators. When fully developed, HyperSolar believes that its solar concentrator technology, based on polymer materials and processes, will cost less to manufacture than photovoltaic solar cells based on semiconductor materials and processes. The company's technology acts as a thin and flat magnifying glass that can be placed directly on the surface of solar cells to magnify the power of the sun to significantly increase the power output of solar cells. Instead of covering the entire panel surface with solar cells, manufacturers can cover the panel with HyperSolar layers to collect the sunlight and use fewer solar cells underneath the HyperSolar layers for electricity conversion. The company's patent-pending technology is based on four primary innovations: micro concentrators, photonics light routing, photonics light separation and photonics thermal management. HyperSolar, Inc. was founded in February 2009 and is headquartered in Santa Barbara, California.
History:  INCORPORATED in Nevada Feb. 18, 2009.
 
 
 
 
  
 
 Management

 

Management
OfficersPosition
 Timothy  YoungPresident, Chief Executive Officer & Acting Chief Financial Officer
 Ronald  PetkieChief Technology Officer

Directors
 Christopher  Marquis
 Timothy  Young
 
  
 
 Annual Report

 
Annual Report
 
Income Statement
  2009
Selling & marketing exps.5
General & admin. exps.4
Research & development exps.32
Depr. & amort.Nil
Interest exp.1
Net income(42)
Share earns. basicNil
Share earns. dilutedNil
 
Balance Sheet
  2009
Assets:
Cash & equiv.4
Tot. curr assets4
Domain5
Patents4
Total assets13
Liabilities:
Accruals2
Notes pay.44
Tot. curr. liabs.46
Com. stk. 114
Paid-in cap.(105)
Retained earns.(42)
Total liabs. and equity13
Common Shares (Thou.)113,527
 
  
 
 Interim Report

 
Interim Report    07/01/2009  -  12/31/2009
 
Income Statement
  2009
Selling & marketing exps.19
General & admin. exps.304
Research & development exps.66
Depr. & amort.1
Interest exp.2
Net income(392)
Share earns. basicNil
Share earns. dilutedNil
 
Balance Sheet
  2009
Assets:
Cash & equiv.532
Other assets3
Tot. curr assets535
Net property3
Domain5
Patents4
Total assets547
Liabilities:
Accruals182
Accts. pay.5
Tot. curr. liabs.187
Com. stk. 121
Paid-in cap.672
Retained earns.(433)
Total liabs. and equity547
Common Shares (Thou.)121,378
 
  
 
 Pro Forma Report

 
Pro Forma Report   
 
Data Not Available
 
 
 
 
  
 
 Quarterly Report

 
Quarterly Report Information   
 
Quarterly Revenue
 
Data Not Available
 
Quarterly Net Income, US$
YearQuarterRevenue
  2010   3Nil
  2009   Full Year (120,000)
 
 
Quarterly EPS, US$
YearQuarterRevenue
  2010   1Nil
  2010   2Nil
  2010   3Nil
 
  
 
 Stock Data

 
 
Capitalization as of 12/31/2009:
 
 Authorized SharesOutstanding Shares
Preferred $0.001 par5,000,000None
Common $0.001 par500,000,000121,378,100
 
LONG TERM DEBT: None.
 
Common $0.001 par
 
Stockholders:  04/14/2010, 108.
PRINCIPAL STOCKHOLDERS: April 14, 2010, Pearl Innovations, LLC. owned or controlled 25.7% of the Common, Cumorah Capital, Inc. 25.6% and Timothy A. Young 7.9%.
 
Transfer Agent:  Computershare Trust Company, N.A.   Canton , MA
 
OTC Bulletin Board( Primary): HYSR
 
ExchangeYearHighLow
OTC Bulletin Board20100.00000.0000
 
DIVIDENDS: Common $0.001 par: No cash. Common split 20-for-1, Sept. 11, 2009.