VIASPACE Press Release
VIASPACE Subsidiary Signs Deal With Notebook Computer OEM Suzuki Technology
PASADENA, CA, USA.-June 23, 2008-VIASPACE Inc. (OTCBB: VSPC), announced today that its subsidiary Direct Methanol Fuel Cell Corporation (DMFCC) has signed a Memorandum of Understanding with Suzuki Technology Limited of Singapore to co-develop direct methanol fuel cells and fuel cartridges for the multibillion-dollar notebook computer and portable electronics industries. A single fuel cell cartridge could power a notebook computer for up to 10 hours and can actually run the device indefinitely without electricity by hot swapping a new fuel cartridge.
Carl Kukkonen, CEO of VIASPACE and DMFCC, commented, "We are pleased to begin this new collaboration with Suzuki Technology. We believe that our knowledge of the industry, our large portfolio of intellectual property and strong relationships with fuel cell developers, as well as our world class manufacturing partners, including SATO Group of Japan, Nypro of the U.S. and Tyco Electronics, will afford opportunities to combine fuel cell innovation with Suzuki's notebook computers and other digital technology."
Suzuki produces and markets electronics products including notebook computers, portable storage devices, optical disk drives, memory modules, flash-based memory and graphic accelerators. Suzuki is pursuing opportunities to improve and differentiate its products with technology advances.
VIASPACE through DMFCC manufactures disposable fuel cartridges for portable electronics applications, and fuel cell and battery test equipment. VIASPACE also sells high-quality and safe rechargeable lithium-based batteries. DMFCC has licensed the extensive Caltech/USC portfolio of direct methanol fuel cell related patents.
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. VIASPACE is located in Pasadena California. For more information, please see www.VIASPACE.com, or contact Dr. Jan Vandersande, Director of Communications at 800-517-8050, or IR@VIASPACE.com.
About Suzuki: Headquartered in Singapore, Suzuki aspires to become a global brand in the information technology industry through innovation and forward-looking technological products. More information is available at www.suzuki.sg.
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.