VIASPACE Press Release
VIASPACE Energy Expands HS-1000 Asian Distribution With Agreement in Korea
PASADENA, CA.-June 04, 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 has entered into distribution agreements for its laser based HS-1000 VIASENSOR relative humidity instrument with WonATech of Korea. WonATech has already purchased their initial unit.
WonATech is a distributor of high technology products including fuel cell and other test equipment to both companies and universities in Korea, with additional distribution partners in Taiwan, China, Malaysia, India and Iran.
The performance of hydrogen fuel cells using a Polymer Electrolyte Membrane (PEM) depends on the moisture level of the membrane. The membrane only conducts protons when it is hydrated or moist. The moisture is provided by water vapor in the incoming air or hydrogen stream. The VIASPACE HS-1000 instrument provides real-time measurements of the amount of water vapor in these gas streams.
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 distribute our HS-1000 VIASENSOR product globally. We believe that the HS-1000 will help customers rapidly develop and optimize new designs for fuel cells for portable electronics and hybrid 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: Carl Kukkonen 1-626-768-3362
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.