VIASPACE Press Release
VIASPACE DELIVERS CARTRIDGES TO CMR FUEL CELLS
PASADENA, CA- December 4, 2008-VIASPACE Inc. (OTCBB: VSPC), reported today that that its Direct Methanol Fuel Cell Corporation (DMFCC) subsidiary has delivered fuel cartridges, and device side valves to CMR Fuel Cells (LSE-AIM: CMF.L) of the United Kingdom. The cartridges are 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.
The cartridge contains the methanol fuel and a valve to ensure that the fuel remains in the cartridge until the cartridge mated with the device side valve which is attached to the fuel cell itself. Both the cartridge and the valves are designed to meet current and emerging IEC standards for safety.
Dr. Kukkonen, CEO of VIASPACE and DMFCC, commented, "DMFCC produces disposable fuel cartridges for fuel cell powered portable electronics and other applications. We are happy to have CMR as a customer. We are proud that we were able to fulfill their purchase order in less than 30 days. DMFCC is also a fuel cartridge partner with Samsung in Korea."
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.