VIASPACE Press Release
VIASPACE CEO Invited to Speak at Batteries 2008
PASADENA, CA.-October 01, 2008-VIASPACE Inc. (OTCBB: VSPC), announced that CEO Dr. Carl Kukkonen has been invited to make a presentation at the Batteries 2008 Congress in France October 8-10. Batteries 2008, celebrating its 10th anniversary, is the leading European battery meeting, and this year focuses on the "Future of the Battery World". Dr. Kukkonen will represent VIASPACE subsidiary Direct Methanol Fuel Cell Corporation (DMFCC). His presentation is entitled "Update on Small and Micro Fuel Cells" which surveys industry progress and projections over the last year. Dr. Kukkonen will also present information on the VIASPACE BA-1000 battery tester, and on its lithium batteries for light electric vehicles and electronics. Dr. Kukkonen is also chairing the session on Micro Fuel Cells.
Fuel cells have the potential to replace rechargeable batteries in many products in the $54 Billion Clean Energy market sector, and they will likely be teamed with batteries in other hybrid applications including hybrid vehicles. In portable electronics, disposable fuel cartridges mandated by international regulatory authorities provide the energy source for fuel cell powered notebook computers and mobile phones. DMFCC specializes in these fuel cartridges which represent a potential $3Billion recurring revenue stream like razor blades or disposable AA batteries. DMFCC is currently supplying cartridges to Samsung, Polyfuel and other companies for their product development programs. The advantages of fuel cells are longer operating time compared to batteries, and instantaneous refueling by replacing the fuel cartridge. There is no need to find an electrical outlet and wait several hours for the battery to recharge. Several major electronics OEMs have publicly stated that their fuel cell programs will reach the market next year.
Conference sessions are on: batteries for portable electronics-- the future of the consumer market; industrial and transportation battery markets; and a special session on lithium batteries for hybrid electric vehicles. Congress speakers are from Sony, Samsung, Intel, Motorola, Energizer, Texas Instruments, Volvo, and other companies, research organizations and universities.
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.