VIASPACE Press Release
VIASPACE Energy Initiates Global Distribution of Battery Electrode Health Analyzer Product With Agreement in Korea
PASADENA, CA.-May 8, 2008-VIASPACE Inc. (OTCBB: VSPC), a company that transforms proven space and defense technologies from NASA and the Department of Defense into hardware and software solutions, announced today that it has entered into a distribution agreement for its state of the art BA-1000 Battery Electrode Health Analyzer product with WonATech Corporation of Seoul, Korea.
WonATech is a major distributor of high technology products including fuel cell and battery test stations to companies and universities in Korea, with additional distribution partners in Taiwan, China, Malaysia, India and Iran.
Improving the performance and safety of lithium batteries is a major challenge for battery manufacturers and university researchers throughout the world. Battery capacity and safety is limited by electrode changes during charge and discharge cycles. The BA-1000 Battery Electrode Health Analyzer is the first instrument developed to study these changes using a new, patent pending, nondestructive technique, which enables continuous analysis over the lifecycle of the battery.
VIASPACE CEO Carl Kukkonen stated, "WonATech is a well-known company in Korea with distribution to several other countries throughout Asia, and we are proud to have them as a partner to introduce our new VIASPACE Energy product globally. We believe that the BA-1000 will help customers rapidly develop and optimize new designs for rechargeable batteries for electronics, power tools and electric vehicles."
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.
Press contact: Dr. 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.