VIASPACE Press Release
DIRECT METHANOL FUEL CELL CORPORATION AND GASHUB TO SUPPORT CLEAN ENERGY TESTBED IN SINGAPORE
PASADENA, CA, February 2, 2009 -VIASPACE Inc. (OTCBB: VSPC) subsidiary Direct Methanol Fuel Cell Corporation (DMFCC) and its partner GasHub Technology Pte. Ltd. of Singapore attended the inauguration of the Clean Energy Testbedding Community (CETC) in Singapore. CETC was established by a Memorandum of Understanding between the Singapore Business Federation and Temasek Polytechnic, and is supported by the Singapore Economic Development Board. CETC aims to foster business and technological cooperation to testbed and pilot fuel cell, solar and other clean energy technologies and applications. GasHub CEO Avier Lim and DMFCC Vice President of Business Development Gary Miller attended the event in Singapore.
Mr. Miller stated, "GasHub and DMFCC have a partnership in developing portable fuel cell technology, and both companies look forward to supporting the new testbed. Singapore is very aggressive towards commercializing fuel cells and we are happy to be working with them."
DMFCC, a subsidiary of VIASPACE Inc., focuses on manufacturing and distribution of disposable methanol fuel cartridges which provide the energy source for notebook computers, mobile phones and other devices that are expected to be powered by direct methanol fuel cells. Major companies such as Toshiba and Samsung are pursuing fuel cell powered electronic devices. DMFCC is a cartridge partner with Samsung.
About GasHub-- GasHub is a Singapore manufacturer of fuel cell-based backup power systems, fuel cell test equipment, and molded carbon bipolar plates for fuel cells. GasHub is a founding member of the Singapore Fuel Cell Community and works closely with local universities and companies. www.gashub.com.sg
About VIASPACE (OTCBB: VSPC) - VIASPACE was founded in 1998 and became a public company in 2005. VIASPACE focuses on clean and alternative energy including disposable fuel cell cartridges and a proprietary fast-growing grass as a feedstock for biofuels and for animal feed. For more information, please see http://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 futureevents 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 without limitation 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, competition with larger companies, demand for biofuels and animal feed particularly in China, risks associated with international transactions, crop development, growing, and harvesting related risks, and other factors over which VIASPACE has little or no control.