VIASPACE Press Release
VIASPACE Begins Sales and Distribution of Hephas Energy's Fuel Cell Test and Activation Systems
PASADENA, CA.-October 8, 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 Hephas Energy Co., Ltd. of Hsinchu City, Taiwan to distribute its line of fuel cell related products including its fuel cell test and activation system. The Hephas Energy system will be displayed by VIASPACE at the upcoming Fuel Cell Seminar to be held in Phoenix, AZ from October 27-29, 2008
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. Hephas Energy offers a complete line of sophisticated single and multi-channel fuel cell test stations and component products at attractive prices for fuel cell and automotive manufacturers in Japan, Southeast Asia 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 rights to distribute Hephas Energy's fuel cell equipment product line. Their fuel cell test stations will be attractive to many of the customers who have purchased or will purchase the HS-1000 VIASENSOR, our real time laser based humidity sensor. This agreement continues our strategy of aligning with key manufacturers of fuel cell related test equipment around the world."
Hephas Energy engages in the research, development, manufacture, and supply of fuel cell testing equipment and system application components in Asia. The company's products also include fuel cell stack and graphite plates, micro valves, fuel cell control units and tools, and fuel cell activation stations. It offers fuel cell stations for the operation and measurement of PEM/DMFC fuel cells; fuel cell test load and impedance systems; and test accessories, such as cell fixtures and control modules.
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.