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VIASPACE Press Release


VIASPACE FUEL CARTRIDGE POWERS SAMSUNG HIGH-PERFORMANCE DIRECT METHANOL FUEL CELL FOR MILITARY APPLICATIONS

04/14/2009

SAMSUNG Reveals New Military-Grade Fuel Cell in U.S. Army Performance Test

PASADENA, CA-April 14, 2009-VIASPACE Inc. (OTC Bulletin Board: VSPC), an alternative energy company providing products and technology for renewable and clean energy, announced that SAMSUNG, one of the world's leading electronics companies, revealed its new military-grade fuel cell-powered by a methanol fuel cartridge developed and delivered by VIASPACE Inc--in a press release and at the Korea Green Expo held last week in South Korea.

 

SAMSUNG also revealed that it has completed fuel cell performance tests for 72 hour operation with the U.S. Army's CERDEC (Communication Electronics Research and Development Engineering Center).  Plans for mass production include fuel cells not only for military applications but expanding the platform to include mobile electronics, like notebook computers, and industrial equipment. SAMSUNG reported that Frost and Sullivan expects sales of military fuel cells to reach more than 100 million units for a market value of more than $580 million by 2013.

VIASPACE Chief Executive Carl Kukkonen remarked: "We're pleased with SAMSUNG's success and are continuing to work closely with their research and development staffs as they take further steps toward commercial production for both the military and consumer markets."

The fuel cartridge was developed by VIASPACE's fuel cell subsidiary, Direct Methanol Fuel Cell Corporation (DMFCC), under a contract with SAMSUNG. Using VIASPACE's fuel cartridge full of liquid methanol, the fuel cell efficiently converts the methanol into electrical energy without burning.  SAMSUNG's  high efficiency military direct methanol fuel cell (DMFC) system produces the same energy as batteries two to three times its weight at a cost-per-kilowattt-hour 50% to almost 98% lower than batteries.  SAMSUNG's fuel cell may be operated in any orientation, a key requirement for military applications.

Kukkonen added: "Our clean energy business is focused on designing and manufacturing disposable fuel cartridges that supply methanol for fuel cells, which we feel will become a major source of power for electronic devices such as notebook computers and cell phones.  Since a notebook computer powered by a fuel cell is projected to use approximately 100 fuel cartridges during its lifetime, we see our partnerships with Samsung and other companies as opportunities to develop a substantial base of recurring revenues.

Pictures of the Samsung fuel cell containing the DMFCC cartridge are available at:

 

http://www.dt.co.kr/contents.html?article_no=2009040902011232741004

 

http://www.edaily.co.kr/invest/stock/newsRead.asp?newsid=01744966589654152&sub_cd=DC11&sc=006400&sn=&chk=01&clkcode=00124

 

http://www.viaspace.com  (the press release on the VIASPACE website includes the pictures)

About VIASPACE Inc.

VIASPACE is an alternative energy company providing products and technology for renewable and clean energy that reduce or eliminate dependence on fossil and high-risk-pollutant energy sources. The Company provides raw material for cellulosic biofuels and develops and markets fuel cell cartridges, products and technology. VIASPACE subsidiary Direct Methanol Fuel Cell Corporation owns a portfolio of fuel cell patents licensed from Pasadena-based California Institute of Technology (Caltech), which manages NASA's Jet Propulsion Laboratory, where the direct methanol fuel cell was invented. 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.

 

Safe Harbor Statement: Information in this press release and interview includes forward-looking statements. These forward-looking statements relate to future events or 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, risks outlined in our periodic filings with the U.S. Securities and Exchange Commission, including Annual Report on Form 10-K for the year ended December 31, 2008, as well as general economic and business conditions; changes in demand for the Company's products; competition from larger companies; changes in demand for alternative energy; risks associated with international transactions; technological change; and other factors over which VIASPACE has little or no control.