VIASPACE Press Release
Direct Methanol Fuel Cell Corporation Expands Global Strategy by Teaming with INER of Taiwan
DIRECT METHANOL FUEL CELL CORPORATION EXPANDS GLOBAL STRATEGY BY TEAMING WITH INER OF TAIWAN
PASADENA, CA -November 8, 2007-VIASPACE Inc. (OTCBB: VSPC) announced that the Institute of Nuclear Energy Research ( INER) of Taiwan and VIASPACE subsidiary Direct Methanol Fuel Cell Corporation (DMFCC) have signed a teaming agreement which includes collaboration on development of Direct Methanol Fuel Cell Corporation's line of fuel cell cartridges and other fuel cell products. INER is a key Taiwanese government sponsored research institute focused on the development of energy technology and products including fuel cells.
Dr. Carl Kukkonen, CEO of VIASPACE and DMFCC, stated "Our teaming agreement with INER is a perfect example of DMFCC's continued expansion of its global business strategy. We are partnering with top organizations around the globe that have a good reputation and the trust of customers in their own markets. INER performs important research and development of fuel cells and fuel cell products in collaboration with major corporations in Taiwan."
VIASPACE is a growing company with proprietary technology, much of which was originally developed at the NASA Jet Propulsion Laboratory (JPL) and licensed from Caltech, which manages JPL for NASA.
Kukkonen continued, "We are honored to have a relationship with INER. We believe that this teaming agreement will benefit both organizations and will help fuel cells reach the marketplace more quickly."
About VIASPACE: Originally 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 visit our website at www.VIASPACE.com, or contact for Investor Relations, Dr. Jan Vandersande, Director of Communications at 800-517-8050, or IR@VIASPACE.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.