VIASPACE Press Release
VIASPACE CEO Reports on Sharp Corporation Progress on Direct Methanol Fuel Cells
PASADENA, CA - May 19, 2008-VIASPACE Inc. (OTCBB: VSPC) CEO, Dr. Carl Kukkonen, reports that Sharp Corporation claims to have achieved the world's highest power density for a direct methanol fuel cell for mobile equipment. The press release on the Sharp website (http://sharp-world.com/corporate/news/080515.html) states, "This new technology enables efficient power generation from a small cell volume. Thus, the use of this technology can make it possible to develop fuel cells that have almost the same volume but a longer continuous-use lifespan than lithium-ion batteries, which are the main type currently in use. Sharp will promote further research and development for the practical application of fuel cells for mobile equipment such as PDAs, electronic dictionaries, and notebook computers." Dr. Kukkonen reported on Sony and Samsung progress on direct methanol fuel cells on May 15, 2008, and this update is from the 15th Fuel Cell Symposium in Tokyo where Sharp released the information. Sharp has emerged as another significant OEM player in the direct methanol fuel cell sector of the $55 Billion clean energy market.
VIASPACE subsidiary Direct Methanol Fuel Cell Corporation (DMFCC) manufactures disposable fuel cartridges for portable electronics applications. Fuel cells are the electrochemical engine that converts the fuel into electricity that powers the notebook computer or mobile phone. The fuel cartridges are the consumable part of the fuel cell business and represent recurring revenue. VIASPACE also manufactures fuel cell and battery test equipment, and sells high-quality and safe rechargeable lithium-based batteries.
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, 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.