BioSolar Inc. (OTCQB:BSRC) stock price jumped as high as 45.71%, starting the day at .035 and then jumping up with a large volume trade. The stock closed the morning session with a price of .051. This $2.2 million market cap company is owning the spotlight today, since getting some support. This classic textbook support bounce as a technical play is also supported by the company’s strong fundamentals. Another factor that led to this 45.71% increase is them just announcing their partnership with Top Battery Co., Ltd., a leading manufacturer of advanced lithium-ion battery solutions, based in the Republic of Korea.
With the rising trend of making technology greener and more efficient, Biosolar has the expertise to back it up with its numerous patents and partnerships. Let us shed some light on this Solar panel producer company.
BioSolar Inc. (OTCQB:BSRC) is, according to company materials: “… developing a breakthrough technology to increase the storage capacity, lower the cost and extend the life of lithium-ion batteries. A battery contains two major parts, a cathode and an anode, that function together as the positive and negative sides. With the goal of creating the company’s next generation super battery technology; BioSolar is currently investigating high capacity anode materials recognizing the fact that the overall battery capacity is determined by combination of both cathode and anode.”
By integrating BSRC’s high capacity cathode or anode, battery manufacturers will be able to create a super lithium-ion battery that can double the range of a Tesla, power an iPhone for two days straight, or store daytime solar energy for night-time use. Founded with the vision of developing breakthrough energy technologies, BioSolar’s previous successes include the world’s first UL approved bio-based back sheet for use in solar panels.”
Find out when $BSRC stock reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.
On the other hand, the Korean company Top Battery Co., Ltd. develops and produces lithium-ion batteries and materials for application in electric vehicles (xEV) and energy storage systems (ESS). With more than 20 years of experience in the lithium-ion battery industry, Top Battery Co. has solutions for materials, cell design, and automatic production engineering. They have their operation of automatic cell production lines in Korea and electrode manufacturing lines in China.
As per Newswire:
“This agreement follows the Company’s previous announcement that it had successfully completed the laboratory phase of its silicon alloy nanocomposite anode material development with data suggesting its technology can achieve significantly higher capacity with lowered costs. The Company has also recently commenced the engineering phase that focuses on designing and testing the electrodes based on the Company’s anode material, as well as full cell design and evaluation with commercially available high capacity cathodes.”
How is this new partnership able to make Biosolar’s future brighter? While digging up the financial records of BSRC, we found out that they have actually been having a loss for the last 2 annual reports. Just for the fiscal year ending 2016, they are now operating net income applicable to shareholders of +199 from 2015 loss of -5,792.
Interesting note is that BSRC focuses on research and patents, while Top Battery is a manufacturing B2B (Business to Business) operations. Top battery will also be focusing on Asia, an already huge and expanding market.
BioSolar Inc. (OTCQB:BSRC) is the only Underwriters Laboratory (UL) certified bio-based backsheet. The proprietary backsheet protects the solar panel parts, increasing its lifespan. While most solar panel backsheets are made from petroleum-based plastics, BSRC’s backsheet is made from plant-based renewable sources. This competitive advantage may be Biosolar’s sunrise event.
Dr. David Lee, CEO of BSRC, also commented that “We are pleased to have Top Battery as a development partner, given their experience in incorporating innovative and developing technologies such as our own, and bringing them to market. We are confident that this partnership and its subsequent results will continue to demonstrate not only higher performance but also better price points, strengthening BioSolar’s commercial viability and market potential.
With the popularization of renewable resources spearheaded by TESLA, stocks like BioSolar Inc. (OTCQB:BSRC) linked to the greener technology are valuable not only for their actual market value but for the rising global trend of supporting, even subsidizing, green energy. BSRC is starting to get momentum with its partnerships and is preparing for the long-term; we just need to wait until the lights go on and systems go full throttle. For continuing coverage on shares of $BSRC stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!