VIASPACE Press Release
VIASPACE Reports on Tokyo Fuel Cell Expo and Asian Sales Efforts
VIASPACE REPORTS ON TOKYO FUEL CELL EXPO AND ASIAN SALES EFFORTS
PASADENA, CA--March 5, 2008-- VIASPACE Inc. (OTCBB: VSPC) and its subsidiary Direct Methanol Fuel Cell Corporation (DMFCC) exhibited its line of fuel cell and battery products, and met with Asian partners and customers at FC EXPO 2008, the world's largest fuel cell and hydrogen industry exhibition, which was held February 27-29 in Tokyo. VIASPACE's Vice President of Engineering and Director of Engineering and Operations also spent two weeks each visiting current and potential customers in Japan.
Dr. Carl Kukkonen, CEO of both VIASPACE and DMFCC, said, "Fuel Cell Expo 2008 was very successful. We had tremendous traffic at our booth, and generated over 75 serious sales leads for the VIASENSOR HS-1000 humidity sensor and for the BA-1000 Battery Electrode Health Analyzer. We also met privately with current and potential customers and strategic partners. The 20,000 plus attendees were from over 50 countries. Our Korean and Japanese employees and partners helped man the booth, and we were able to interact with most people in their native language. This is very, very important for business development and sales.
Both VIASENSOR products are unique and groundbreaking in the marketplace. They are protected by patents pending, and we have no direct competition. Our main challenge is to educate the customers about the new measurements our products enable. The instruments were operating at the show, and we were able to demonstrate them directly to customers. This attracted a lot of attention, and our Vice President of Engineering was there to answer all of the technical questions.
Our disposable fuel cartridges were also featured at the booth, and we were able to show them to top Japanese and Korean portable electronics manufacturers. Our cartridge manufacturing partner, the Sato Group, helped man the booth and explain the products to Japanese customers.
Fuel Cell Expo 2008 was a great trade and technical show. It is the largest in the world, and at the center of the large fuel cell industry in Asia. We will be back again next year."
Kukkonen continues, "In the two weeks prior to the show, our top engineering staff visited a large number of major companies in Japan to present and demonstrate our products. We had meetings with three of the top automobile manufacturers in Japan, three of the top consumer electronics companies and other leading companies, universities and research laboratories. These companies are involved in fuel cells and batteries for portable electronics, automobiles and residential applications. These meetings were set up by our Japanese distributor, Tokai Bussan, and I want to thank them for their strong support.
In the near term, batteries will be the dominant approach for hybrid and electric vehicles. Battery demand will increase dramatically-- perhaps 10 fold, and all of these batteries need to be tested. Better battery materials are being introduced into the marketplace. Our VIASENSOR BA-1000 Battery Electrode Health Analyzer provides a new nondestructive measurement to characterize battery materials. Current methods are very expensive, time-consuming and require destruction of the battery under test.
In the longer term, fuel cells are important, and the leading automotive companies are making significant investments in fuel cells. Other companies are looking at hydrogen fuel cells for residential and commercial electricity generation applications. The VIASENSOR BA-1000 humidity sensor is important for development and characterization of these fuel cells."
Kukkonen concludes, "The Asia trip was very encouraging, and I want to share my enthusiasm with our shareholders."
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.