VIASPACE Press Release
VIASPACE Energy's Humidity Sensor Featured in Fuel Cell Magazine
PASADENA, Calif., January 15, 2008 - VIASPACE Inc. (OTC Bulletin Board: VSPC - News), a company commercializing proven technologies from NASA and the US Department of Defense into hardware and software solutions, is executing its expanded energy-based product strategy within the $55 billion clean energy sector. VIASPACE established the VIASPACE Energy business unit to accelerate the growth of its fuel cell humidity sensor product line and to pursue new opportunities identified within the growing alternative energy market.
The VIASENSOR HS-1000 Fuel Cell Humidity Sensor, featured in the recent December/January issue of Fuel Cell Magazine, has generated significant interest in the marketplace, including a recent study performed by a major manufacturer which compared the VIASENSOR to other humidity sensors on the market and found it to be superior in all respects. The VIASENSOR is a proprietary, leading edge, laser-based test device that quickly and accurately determines the level of relative humidity or water vapor flowing in a gas stream, which is vital to the proper function and efficiency of hydrogen fuel cells.
VIASPACE has received similar positive feedback for its fuel cell power source and humidity sensor technologies from potential customers in several market sectors including major auto manufacturers, automotive test systems providers, fuel cell developers and suppliers to portable electronics OEMs.
Based on requests from potential automobile industry customers, VIASPACE has filed patent extensions to cover those interests and is actively surveying the auto industry to gain clear specifications for the adaptation of the VIASENSOR product for testing automotive exhaust emissions of internal combustion engines. This is a large current market and not dependent on the future adoption of fuel cells. VIASPACE Energy is also evaluating the potential of its humidity sensor to provide on board fuel cell health information for future versions of hybrid powered automobiles.
Dr. Carl Kukkonen, CEO of VIASPACE, commented: "With energy needs increasing, fuel prices rising and emissions reaching critical levels we are leveraging our expertise to provide fuel cell test equipment, fuel cell cartridges, and new products and applications designed to conserve energy and reduce emissions. We are actively pursuing the aggressive strategic plans for our energy division, ramping sales of our current products and pursuing new products and applications with short to medium term market potential. This is an exciting time for VIASPACE."
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
Investor Relations contact:
Dr. Jan Vandersande, Director of Communications
Dr. Carl Kukkonen, CEO
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.