VIASPACE Press Release
VIASPACE Announces Distribution Agreement for Batteries in Portable Electroincs, Power Tools, and Electrionic Vehicles
VIASPACE DISTRIBUTES BATTERIES FOR PORTABLE ELECTRONICS, POWER TOOLS AND ELECTRIC VEHICLES
PASADENA, CA, USA.-March 13, 2008-VIASPACE Inc. (OTCBB: VSPC), announced today that it has entered into the rechargeable battery marketplace through a distribution agreement with Yoku Energy Co. Ltd, a major manufacturer of rechargeable lithium polymer batteries. Under the agreement, VIASPACE will market and distribute Yoku's entire battery product line in the United States, Canada, Mexico and Europe.
YOKU of Hong Kong, with a factory in Zhangzhou, is one of the largest manufacturers of Li Polymer batteries in China with single battery cell capacity ranges from 50mAh to 55,000mAh. The products are UL and CE approved, and are compliant with RoHS, the European environmental standard. Yoku batteries are widely used in electronic products, such as GPS navigators, portable DVD players, medical products, mobile phones, bluetooth devices, MP3/MP4 players, PDAs, notebook computers, and remote-controlled planes. New large emerging battery markets include power tools, power driven toys, battery operated bicycles and electric and hybrid vehicles. YOKU is ISO9001 and ISO14001 certificated. YOKU has more than 2000 employees and 100,000 square meters of manufacturing facilities. Yoku's daily production capacity is 300,000 Li polymer cells.
VIASPACE CEO Carl Kukkonen stated, "VIASPACE is pleased to be partnered with Yoku. Their battery product line complements our current VIASENSOR products including the BA-1000 Battery Electrode Health Analyzer. Our VIASPACE Energy business unit focuses on alternative energy and portable power solutions. We have fuel cell testing products and fuel cartridges for future portable electronic devices that are expected to be powered by fuel cells. Fuel cells will replace batteries in many applications and this alone represents a great business opportunity. However batteries will continue to be used in many products and will be hybridized with fuel cells for some products and hybridized with gasoline engines for automotive applications. Hybrid and electric vehicles and electric bicycles represent a huge growth area in batteries. We hope to introduce Yoku batteries into these and other markets. Yoku batteries are high quality, safe and affordable."
Lithium polymer batteries are a form of lithium ion batteries that afford both enhanced safety and flexibility in shape. Enhanced safety is especially valuable in light of recent battery recalls. Flexible sizing allows designers to produce attractive products while using space efficiently.
About VIASPACE: 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 see www.VIASPACE.com, or contact Dr. Jan Vandersande, Director of Communications at 800-517-8050, or IR@VIASPACE.com.
About Yoku: Yoku Energy is a division of Wanlida Group which was established in 1984 and is an ODM manufacturer of digital audio and video products and the batteries that power them. Their products include many portable products including GPS systems, DVD players, notebook computers, and mobile phones. In addition, they produce LCD televisions and other home appliances. Products are manufactured by their Malata subsidiary and sold worldwide under many brand names. The group, which has more than 10,000 employees in six factories, has been named one of the "Electronic One Hundred" enterprises in China and holds ISO 9001 and ISO 14000 certification. Malata's products are exported to more than 30 countries. Yoku provides manufactures batteries and battery packs for a wide range of products for many global customers.
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.