VIASPACE Press Release
VIASPACE Security Becomes a Reseller for DMT AIMS Radar Surveillance Solution
VIASPACE SECURITY TO SELL AND SERVICE DMT RADAR SURVEILLANCE SYSTEM
PASADENA, CA.-October 24, 2007-VIASPACE Inc. (OTCBB: VSPC), a company that transforms proven space and defense technologies from NASA and the Department of Defense into hardware and software solutions, announced today that its VIASPACE Security subsidy has signed an addendum to its teaming agreement with DMT (Detection Monitoring Technologies Ltd.) of Sterling Virginia..
DMT is a global leader in providing complete radar security solutions. The AIMS "Area Intrusion Monitoring System" family of radar security surveillance solutions was developed for wide area security, waterside security, base security, and border applications. The AIMS solution is based on an X-Band pulsed Doppler radar using advanced detection algorithms designed specifically to detect targets representing intrusion threats under wide area perimeter surveillance. The AIMS system is currently installed world-wide as an integral part of national and border patrol defenses.
The new addendum establishes specific terms between the companies for VIASPACE Security to re-sell AIMS hardware, to develop and sell software upgrades and to establish a services group for installation, set-up and maintenance of hardware and software comprising the AIMS system. VIASPACE Security may also integrate the AIMS system with other sensor technology extending both is functionality and capabilities as a fully integrated perimeter security monitoring solution.
VIASPACE CEO Carl Kukkonen stated "We are impressed with the speed of implementation of this teaming agreement with DMT. They provide a proven hardware and software security solution that appears to be in great demand on a global basis. It is an ideal sensor fusion platform to leverage our SHINE (Spacecraft Health Inference Engine) inference engine and real time sensor fusion software technology allowing for many promising future business opportunities. We are currently recruiting additional staff to begin support for DMT and to get started on software upgrades for the AIMS system."
About VIASPACE: Founded in 1998 with the objective of transforming proven space and defense technologies from NASA and the Department of Defense into hardware and software solutions that solve today's complex problems, VIASPACE benefits from important patent and software licenses from Caltech, which manages NASA's Jet Propulsion Laboratory. For more information, please see www.VIASPACE.com, or contact Dr. Jan Vandersande, Director of Communications at 800-517-8050, or IR@VIASPACE.com.
About DMT: Detection Monitoring Technologies Ltd. is a leader in providing complete radar monitoring systems to the US government, defense contractors, commercial companies and friendly governments around the world. More information is on their website www.dmtllc.com.
Press contact: Carl Kukkonen 626-768-3360
This news release includes forward-looking statements. These forward-looking statements relate to future events or our future performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Such factors include the risks outlined in our periodic filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-KSB, as amended, for the fiscal year ended December 31, 2006, and our Quarterly Report on Form 10-Q for the period ended June 30, 2007, as well as general economic and business conditions, the ability to acquire and develop specific projects and technologies, the ability to fund operations, changes in consumer and business consumption habits, and other factors over which VIASPACE has little or no control.