VIASPACE Press Release
INDEPENDENT ANALYSIS CONFIRMS VIASPACE GIANT KING GRASS AS RENEWABLE ENERGY CROP
High Energy Content Combined with High Crop Yield Is Major Advantage
IRVINE, CA- August 11, 2009-VIASPACE, Inc. (OTCBB: VSPC), a clean energy company providing products and technology for renewable and alternative energy, today announced that an independent analysis of Giant King Grass as an energy crop by the China National Center for Quality Supervision and Test of Coal confirmed that Giant King Grass has an energy content of 18.4 MJ per dry kilogram (4402 kcal per kilogram), which makes it suitable as a renewable feedstock for generating electric power and producing liquid biofuels.
A well-known energy company, at present unnamed due to ongoing business discussions with VIASPACE, commissioned the independent analysis, and based on the results has declared Giant King Grass suitable for its renewable energy requirements.
Chief Executive Dr. Carl Kukkonen commented: "We are pleased with this independent analysis which confirms the suitability of Giant King Grass for renewable biofuels. While the energy content of Giant King Grass is higher than that of switchgrass, miscanthus or giant reed, the real competitive advantage of Giant King Grass is its yield which is much higher than the yield for these other grasses. This higher yield offers an important land-use advantage, especially where demand for renewable energy is competing with the need for food."
Kukkonen added: "Giant King Grass can be burned directly in an electricity generating power plant as a full or partial replacement for coal. Giant King Grass can also be used to make liquid biofuels, such as cellulosic ethanol, and green gasoline, which are collectively known as grassoline, and it can be used to feed cows, sheep, pigs, poultry and fish. VIASPACE is in discussions with several potential customers and partners, and is pursuing new opportunities worldwide."
In addition to the energy content, the analysis provided data on moisture, volatile matter, sulfur, carbon, hydrogen, nitrogen, oxygen and chlorine, as well as the composition of the ash.
About VIASPACE Inc.
VIASPACE is a clean energy company providing products and technology for renewable and alternative energy that reduce or eliminate dependence on fossil and other high-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. VIASPACE subsidiary Ionfinity has operations in security-related systems and technology for military, defense and commercial applications. VIASPACE also sells high-performance lithium-ion batteries and the BA-1000 battery health analyzer instrument. For more information, please see http://www.viaspace.com/ or contact Dr. Jan Vandersande, Director of Communications, at 800-517-8050 or mailto:IR@VIASPACE.com.
Safe Harbor Statement
Information in this press release and interview includes forward-looking statements which 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 those 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 the 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; technological change; and other factors over which VIASPACE has little or no control.