VIASPACE Press Release
VIASPACE Security Receives Order For Software Products And Training From Major Aerospace Corporation
PASADENA, CA-August 04, 2008-VIASPACE Inc. (OTCBB: VSPC), a company commercializing proven technologies from NASA and the US Department of Defense, reported that its VIASPACE Security subsidiary has received an order from a major aerospace corporation for software products and training related to its SHINE inference engine technology.
Under the terms of the order, the companies will work together to merge various domain knowledge from the customer with VIASPACE Security's proven capabilities in sensor fusion, algorithm development and use of its SHINE inference engine into a broad list of security solutions and other applications that would be developed. VIASPACE has an exclusive license from Caltech to commercialize NASA's SHINE real-time inference engine technology for most major applications, including defense applications, homeland defense, maritime security and diagnostics/prognostics.
A.J. Abdallat, President of VIASPACE Security, commented, "We are pleased to begin this new agreement in pursuit of several new security efforts working closely with this major customer. Their name has been withheld due to competitive and security reasons. We believe that our sensor data fusion and SHINE inference engine technologies, along with the customer's extensive domain expertise in security and other applications, will provide several opportunities to provide solutions to current and upcoming national security programs, as well as other prognostic and diagnostic applications."
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 www.VIASPACE.com, or contact Investor Relations, Dr. Jan Vandersande, Director of Communications at 800-517-8050, or IR@VIASPACE.com. For past press releases, please visit: http://www.viaspace.com/press_release.php.
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.