VIASPACE Press Release
VIASPACE Subsidiary Signs Deal With OEM To Provide Fuel Cell Cartridges And Valves
PASADENA, CA -July 15, 2008-- VIASPACE Inc. (OTCBB: VSPC), announced today that its Direct Methanol Fuel Cell Corporation (DMFCC) subsidiary has signed an agreement to provide methanol fuel cell cartridges and interface valves to a major portable electronics OEM. The application is an electronic device powered by a direct methanol fuel cell instead of a battery. The name of the OEM was not revealed.
VIASPACE CEO Dr. Carl Kukkonen stated, "We are delighted with this opportunity to provide both cartridges and interface valves to this OEM. We are teamed with our manufacturing partner, the Sato Group of Japan on this project, and I'm confident that we will meet the milestones and keep our customer's development project on schedule."
Direct Methanol Fuel Cell Corporation produces disposable fuel cartridges that provide the energy source for portable electronics powered by fuel cells. Many OEMs have demonstrated notebook computers, mobile phones and other portable devices powered by direct methanol fuel cells, and production plans have been announced for as early as 2009.
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, as amended, for the fiscal year ended December 31, 2006, and our Quarterly Report on Form 10-Q for the period ended September 30, 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.