VIASPACE Press Release
VISPACE Subsidiary Delivers Fuel Cell Cartridges and Valves to Samsung
VIASPACE SUBSIDIARY DELIVERS FUEL CELL CARTRIDGES AND VALVES TO SAMSUNG
PASADENA, CA -March 26, 2008-- VIASPACE Inc. (OTCBB: VSPC), announced today that its Direct Methanol Fuel Cell Corporation (DMFCC) division has successfully delivered sample methanol fuel cell cartridges and interface valves to Samsung SDI. The DMFCC cartridges and valves have been integrated with Samsung SDI fuel cells in a portable electronics application.
Samsung SDI Co. Ltd., a world leading Samsung subsidiary company, produces plasma and liquid crystal displays, rechargeable lithium-based batteries, and has publicly demonstrated a notebook computer powered by a direct methanol fuel cell instead of a battery. Details of the cartridges and valves and their applications are confidential, but Samsung has now allowed DMFCC to make this announcement. Interactions with Samsung are ongoing.
VIASPACE CEO Dr. Carl Kukkonen stated, "We are delighted that our cartridges and valves have been able to meet Samsung's initial requirements. This project involved extremely tight deadlines for several months, and I'm quite proud of our team for meeting these milestones and keeping Samsung's development project on schedule. I particularly want to thank our manufacturing partner, Sato Group of Japan, for their outstanding work."
"We are looking forward to taking the necessary additional steps with Samsung in order to bring a methanol fuel cell cartridge to market," added Kukkonen.
Direct Methanol Fuel Cell Corporation produces disposable fuel cartridges that provide the energy source for portable electronics powered by fuel cells.
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.