VIASPACE Press Release
VIASPACE Energy Receives Initial Order for Lithium Battery Test Station from Battelle
VIASPACE ENERGY RECEIVES INITIAL ORDER FOR A LITHIUM BATTERY TEST STATION FROM BATTELLE
PASADENA, CA -February 05, 2008-- VIASPACE Inc. (OTCBB: VSPC), a company dedicated to commercializing proven technologies from NASA and the US Department of Defense, announced today that it has received the initial order for its new Electrochemical Thermodynamics Measurement System (ETMS) from Battelle Pacific Northwest Division.
VIASPACE CEO Dr. Carl Kukkonen stated, "Our newest Caltech license grants VIASPACE the exclusive rights to several new patents covering an instrument that can accurately measure the electrochemical thermodynamics in batteries. The initial ETMS instrument that we have developed and will introduce in the near future will be focused on measuring the thermodynamics as they develop in the charge and discharge cycles of Lithium batteries. Lithium based batteries are the main battery technology utilized in most portable electronic devices today. Currently battery manufacturers are struggling to find new formulas of Lithium based chemistry that will satisfy the increasing power needs of devices including notebook computers, cellular/converged phones and personal digital assistants (PDAs), while maintaining a formula that is also stable enough to pass rigorous safety tests."
Kukkonen continued, "The initial ETMS system is designed to aide the research and development staffs of many companies and government labs struggling to get accurate readings on the performance and volatility of batteries of various chemistries. We are delighted to have Battelle as our launch customer for this new product, prior to its formal introduction at the Fuel Cell Expo in Tokyo in late February. We believe there is a strong possibility that the next ETMS model, targeted for introduction later in 2008, will also serve another purpose as a quality assurance instrument in screening lots of finished Model 18650 Lithium batteries in the production environment as well."
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.