BioSolar, Inc. Announces Resignation of Dennis Lepon as Director, Effective June 30, 2020
June 29, 2020 at 04:06 pm EDT
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On June 25, 2020, Biosolar, Inc. announced Dennis Lepon notified the Company's Board of Directors (the "Board) that he was resigning as a member of the Company's Board of Directors, effective June 30, 2020. Mr. Lepon did not advise the Board of any disagreement with the Company on any matter relating to its operations, policies or practices. Mr. Lepon will continue to provide consulting services to the Company on an as needed basis.
NewHydrogen, Inc. is a developer of clean energy technologies. The Company is developing ThermoLoop a technology that uses clean energy and water to produce the green hydrogen. The Company is focused on developing technologies to reduce or replace rare earth materials with inexpensive earth-abundant materials in electrolyzers to help usher in a green hydrogen economy. The ThermoLoop is a low-cost thermochemical process to split water using inexpensive heat, instead of expensive electricity. This technology water as a feedstock and reduces the cost of hydrogen production by eliminating electricity used in existing electrolyzers. Its green technology applications include the green electric grid, fuel cell electric vehicles (FCEV), battery electric vehicles (BEV), hydrogen fueling stations, lower carbon gas infrastructure and air taxis.