VIASPACE Press Release
VIASPACE Receives Contract From Major Japanese Corporation For SHINE Expert System
PASADENA, CA-April 22, 2008-VIASPACE Inc. (OTCBB: VSPC), a company commercializing proven technologies from NASA and the US Department of Defense, reported that it has received a contract from a major Japanese corporation for a software project involving the SHINE (Spacecraft Health Inference Engine) inference engine/expert system software and its sensor fusion capabilities. The nature of the contract and the Japanese Corporation were not revealed because of a confidentiality agreement.
VIASPACE has a license from Caltech to commercialize the SHINE real-time inference engine software technology with the exclusive rights for most major applications including defense applications, homeland defense, maritime security and diagnostics/prognostics. SHINE was originally developed by the NASA Jet Propulsion Laboratory to monitor hundreds of sensors on spacecraft in real-time. SHINE is a real-time inference engine/expert system that is more than 100 times faster than competing technologies, and has a small memory footprint which enables it to run on commercial microcontrollers and microprocessors.
Carl Kukkonen, CEO of VIASPACE, commented: "We are pleased to begin this new effort in pursuit of several solutions for this major customer. Our customer's identity needs to be protected at this point in order to provide them with the competitive advantage they are seeking by partnering with VIASPACE. We believe that our sensor data fusion and SHINE inference engine technologies will play a key role in their new generation of "smart" products."
Kukkonen continued, "VIASPACE believes that SHINE has broad reaching capabilities in areas such as diagnostics and prognostics, medical systems, manufacturing and plant management, finance and even video games."
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 www.VIASPACE.com, or contact Investor Relations, Dr. Jan Vandersande, Director of Communications at 800-517-8050, or IR@VIASPACE.com. For past press releases, please visit: http://www.viaspace.com/press_release.php.
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, for the fiscal year ended December 31, 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.