VIASPACE Press Release
VIASPACE Recieved Contract for IED Software Development
VIASPACE RECEIVES CONTRACT FOR SOFTWARE DEVELOPMENT FOR A SUICIDE BOMB DETECTION SYSTEM
PASADENA, CA-November 6, 2007-VIASPACE Inc. (OTCBB: VSPC), a company commercializing proven technologies from NASA and the US Department of Defense, reported that it has received a new contract from a defense contractor for software development for a suicide bomb detection system.
This is a new, multi-phased program for VIASPACE Security, a wholly-owned VIASPACE subsidiary. VIASPACE will provide the overall software architecture and development of specific algorithms and operational software needed for actual bomb detection. VIASPACE has an exclusive license from Caltech to commercialize NASA's SHINE real-time inference engine technology for most major applications including defense applications, homeland defense, maritime security and diagnostics/prognostics.
AJ Abdallat, President of VIASPACE Security, commented: "We are pleased to begin this new effort in pursuit of a solution to the threat from suicide bombs. This is a serious problem, and we see this as a tremendous opportunity for VIASPACE Security. We believe that our sensor data fusion and SHINE inference engine technologies will play a key role in solutions to improve the detection of explosives carried by suicide bombers. "
The suicide bomb detection program is one of several major initiatives on the part of the Department of Defense and the Department of Homeland Defense. VIASPACE Security is targeting this growing $20+ Billion market, pursuing opportunities where real-time sensor fusion technology and its high speed inference engine can deliver substantial benefit.
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 www.VIASPACE.com, or contact Investor Relations, Dr. Jan Vandersande, Director of Communications at 800-517-8050, or IR@VIASPACE.com. For past press releases, please visit: http://www.viaspace.com/press_release.php.
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.