HyperSciences has filed a notice of an exempt offering of securities to raise $5,000,000.00 in New Debt Financing.
According to filings with the U.S. Securities and Exchange Commission, HyperSciences is raising $5,000,000.00 in new funding. Sources indicate that as part of senior management Chief Executive Officer, Mark Russell played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
About HyperSciences
HyperSciences is a platform technology company that is solving some of the most challenging problems in tunneling, energy drilling, transportation, aerospace, and materials production. By creating an extensive portfolio of patented and patent-pending hypervelocity technologies HyperSciences developed HyperCore, one of the worlds fastest, simplest, and most efficient commercial launch systems. Utilizing artificial intelligence our system first robotically loads and fires objects, next our HyperCore engine continues the process to accelerates the object to velocities greater than Mach 5. We are revolutionary changing the efficiencies and economics of drilling HyperSciences, since 2015 our company has been partnered with Shell Energy to demonstrate this disruptive technology. We use low-cost chemical energy to accelerate consumable projectiles to hypersonic velocities, allowing projectiles upon impact to break and pulverize hard rock faster, deeper, and through a wider range of conditions. We are using this same HyperCore technology to create the Hyper Tunneling Boring and Mining system (HTBM), replacing conventional tunneling methods which typically are slow, and significant capital expense. In most cases each consumable projectile removes over a half a ton of rock per impact. When applied to deep geothermal energy our drilling system allows for low-cost access to deep energy. Our Energy Anywhere? geothermal system generates power by quickly and efficiently reaching untapped geothermal resources and converting it into electrical energy that will cause a significant paradigm change in renewable, clean energy. In 2018 HyperSciences secured our first contract with NASA by applying the key components of HyperCores automated system in order to launch payloads to high-altitudes at extreme velocity. By lowering the cost for hypersonic vehicle development and a new type of stealth program our system is prepared to support USA government contracts in the aerospace community.
To learn more about HyperSciences, visit http://www.hypersciences.com/
Contact:
Mark Russell, Chief Executive Officer
509-994-8577
https://www.linkedin.com/in/mark-c-russell/
SOURCE: http://www.intelligence360.io
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