Sunhydrogen Inc (OTCMKTS:HYSR) stock continued to move in a narrow range on Thursday on moderate volume. The stock has lost almost 12.50% over the past month.
In Thursday’s trading session, HYSR closed up by 0.96% to $0.0525. More than 8.28 million shares have exchanged hands, below its average volume of 12.83 million shares. The stock opened at $0.0502 and moved in a range of $0.0502 – 0.0540.
Sept. 15, 2021 – SunHydrogen Extends Research Agreement with University of Iowa, CEO Tim Young visits SCHMID Facility
Here are the highlights:
SunHydrogen announced that it has extended its sponsored research agreement with the University of Iowa for the next 12 months.
The renewed commitment will allow the company to continue working to develop its nanoparticle-based green hydrogen technology to commercial scale. A longtime development partner to SunHydrogen, The University of Iowa research team has worked diligently over the past several years to both lead and optimize the scale-up of the company’s nanoparticle technology.
Most recently, the University of Iowa team has worked very closely with the company’s development partner, SCHMID Group in Freudenstadt, Germany, to develop the process and equipment for manufacturing.
This week, SunHydrogen CEO Tim Young will visit the SCHMID facility to meet with their development team and evaluate progress. Investors can expect a more substantial update on operations at the SCHMID facility in the coming weeks once the visit is concluded.
“We’re extremely pleased to have extended our sponsored research agreement with the University of Iowa for another year, and I’m thankful for the opportunity to be in Freudenstadt this week,” Young said. “Continued collaborative work between the University of Iowa and SCHMID is vital to us as we drive our technology to commercialization.”