VIASPACE Press Release
VIASPACE Signs New Deal to Distribute Fuel Cell Test Stations
PASADENA, CA.-August 25, 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 an agreement with WonATech of Korea for VIASPACE to sell and distribute WonATech's fuel cell test stations outside 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. WonAech offers sophisticated single and multi-channel fuel cell test stations that represent high end products at attractive prices 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.
Since its establishment in 1991, WonATech has concentrated its efforts in the development of products related to electrochemical application. Steadily supplying products in experimental research fields and industrial sites, WonATech has played a leading role in this field of business. Their product line includes potentiostats, battery cyclers, fuel cell test stations, heating chambers, temperature monitors, voltage monitors and associated software.
VIASPACE CEO Carl Kukkonen stated, "We are very pleased with this new agreement, granting VIASPACE rights to distribute Wonatech's fuel cell test station product line. 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 Corporation, along with the major automobile manufacturers who are currently designing fuel cell powered vehicles."
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.