VIASPACE Press Release
VIASPACE Signs Second Deal For Fuel Cell Test Stations
PASADENA, CA.-August 6, 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 it has entered into a distribution agreement for Fuel Cell Test Stations with SciTech, a manufacturer of fuel cell test equipment for major manufacturers and universities located in Seoul, Korea.
Fuel Cell test stations that can test hydrogen, liquid and solid based fuel cells are an expanding portion of the $54 Billion clean energy market. SciTech offers mid-range single and multi-channel fuel cell test stations that represent lower cost options for fuel cell and automotive manufacturers in Japan, Europe and the United States. Hundreds of universities throughout the world are also engaged in fuel cell research, but must deal with the reality of limited budgets when it comes to equipment purchases.
VIASPACE CEO Carl Kukkonen stated, "We are very pleased with this new agreement, granting VIASPACE exclusive rights to distribute these products outside of Korea. This line of fuel cell test stations will be attractive to many of the customers who have or will purchase the HS-1000 VIASENSOR, our real time laser based humidity sensor, such as Ballard or 3M. This is also another opportunity to sell a VIASENSOR to every customer we call on to discuss fuel cell test stations."
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: Dr. 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.