VIASPACE Press Release
CMR FUEL CELLS ORDERS CARTRIDGES FROM VIASPACE
PASADENA, CA- November 18, 2008-VIASPACE Inc. (OTCBB: VSPC), announced today that that its Direct Methanol Fuel Cell Corporation (DMFCC) subsidiary has received an order from CMR Fuel Cells (LSE-AIM: CMF.L) of United Kingdom for the development of methanol fuel cell cartridges for CMR's stand-alone, hybrid Direct Methanol Fuel Cell (‘DMFC') charger. CMR is a specialist developer of high power density fuel cell stacks and systems for portable electronics applications and is developing a 25W fuel cell power supply unit that is hybridized with a battery.
Dr. Kukkonen, CEO of VIASPACE and DMFCC, commented, "CMR is a leading direct methanol fuel-cell developer. We have known them for long time, and are excited to be able to assist their development of a complete fuel cell solution for the consumer electronics market. It is a perfect partnership, CMR are fuel cell experts and we are cartridge experts-- together we can optimize the entire system."
John Halfpenny, CEO of CMR Fuel Cells, stated, "Our customers have very demanding requirements for the cartridge fuelling solution that they need and we believe that DMFCC will help deliver a superior product "
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. In addition, VIASPACE has recently acquired a profitable company, which also has a license to grow a fast-growing grass for animal feed and as a feedstock for biofuels. For more information, please visit our website at http://www.viaspace.com/, or contact for Investor Relations, Dr. Jan Vandersande, Director of Communications at 800-517-8050, or IR@VIASPACE.com.
Press contact: Carl Kukkonen 626-768-3360
About CMR Fuel Cells plc
CMR Fuel Cells plc is a high growth, UK AIM-listed developer of fuel cell ‘stacks' and systems for portable and small stationary power generation applications. The Company is targeting the consumer electronics industry where there is growing demand for new power solutions which are longer running than today's Lithium batteries.
This demand is being driven by the increasing power requirements of portable electronics devices which have outgrown incremental improvements in the performances of traditional batteries. As a result, consumer frustration with short 'run-time', ‘return to mains' recharging and questionable battery safety is compelling the electronics industry to develop and deploy suitable alternatives for power delivery.
CMR Fuel Cells plc
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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.