VIASPACE Press Release
VIASPACE Subsidiary DMFCC Receives Order For Formic Acid Fuel Cell Cartridges
PASADENA, CA.-June 09, 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 its Direct Methanol Fuel Cell Corporation (DMFCC) subsidiary has received an order from LYNNTECH INC. of College Station, TX to design and produce formic acid fuel cell cartridges.
CEO of VIASPACE and DMFCC, Dr. Carl Kukkonen, stated" We are delighted to work with LYNTECH. Our design team will design the fuel cell cartridge, pouch, and valve for a formic acid fuel cell, which will involve selection and test of new materials suited to formic acid. This work is under a U.S. Army development contract in which the Army plans to use LYNNTECH's fuel cell combined with technology developed at Vanderbilt University to create a fuel cell system that has a minimum of moving parts and support structure to produce the complete power supply. The Army hopes that this combination will lead to a lightweight, rugged, reliable power supply suitable for use with either one time use disposable cartridges or bulk fuel."
Kukkonen continued," Formic acid is also one of the liquids covered by our extensive license on fuel cell patents from Caltech, and it is also one of the types of fuel cells recently approved by the Department of Transportation for crew and passengers to carry on board commercial aircraft."
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: Skip Zeiler 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.