VIASPACE Press Release
VIASPACE Signs Exclusive Distribution Agreement and Receives Multiple Unit Order From FuelCellMaterials.com
VIASPACE SIGNS EXCLUSIVE DISTRIBUTION AGREEMENT AND RECEIVES MULTIPLE UNIT ORDER FROM FUELCELLMATERIALS.COM
PASADENA, CA -December 18, 2007-VIASPACE Inc. (OTCBB: VSPC) announced that fuelcellmaterials.com of Lewis Center, Ohio and VIASPACE have signed an exclusive distribution agreement for North, Central and South America for VIASPACE Energy products, beginning with VIASPACE Energy's new HS-1000 VIASENSOR, a laser based humidity sensor for gas based fuel cells that provides in-situ readings every 1.5 seconds.
Fuelcellmaterials.com has placed an initial order for multiple units of the VIASENSOR worth over $200,000.00. In additional to exclusive rights in the Americas, fuelcellmaterials.com will also sell through its website and agreements with other distribution partners on a global basis.
Mr. Jonathon Foreman, Director of fuelcellmaterials.com, stated, "The HS-1000 is an excellent addition to our growing line of fuel cell performance testing products. By providing fast, accurate humidity measurements with lower capital and maintenance requirements than the incumbent technologies, we believe our global research, development and manufacturing customers will immediately recognize its value. We look forward to cementing a long-lasting relationship with VIASPACE for this product and others that will help our mutual customers commercialize fuel cells and other advanced energy products."
Dr. Carl Kukkonen, CEO of VIASPACE, stated, "Our distribution agreement with fuelcellmaterials.com provides us with broad marketing and distribution coverage throughout the Americas, and it expands our growing presence in the Energy field on a global basis. We are partnering with top organizations around the globe that have a good reputation and the trust of customers in their own markets. Fuelcellmaterials.com is yet another example of such an organization. We are delighted with the confidence that fuelcellmaterials.com has shown in our new state-of-the-art humidity sensor through placement of an initial order for multiple units."
About fuelcellmaterials.com: fuelcellmaterials.com is a leading provider of convenient and cost-effective avenues for developers and manufacturers in the fuel cell and hydrogen production industries to purchase materials, components, testing products, and supplies via our website and sales associations. Founded in 2000 as the commercial products division of NexTech Materials, Ltd., fuelcellmaterials.com is known for its high quality, privately branded materials and components for solid oxide fuel cells. It has continued to expand its product offerings for development and manufacturing of fuel cells by partnering with leading manufacturers in their respective fields and now has over 300 customers located in over 35 countries. For additional information, please call +1-614-842-6606 or visit www.fuelcellmaterials.com - our name is our website.
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 September 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.