VIASPACE Press Release
VIASPACE GIANT KING GRASS FEATURED IN SHENZHEN CHINA?S TOP NEWSPAPERS
CEO interviewed at Peking University Shenzhen School of Environment and Energy
Irvine, CA USA-November 1, 2010-VIASPACE Inc. (OTC Bulletin Board: VSPC), a clean energy company growing Giant KingTM Grass as a low-carbon, renewable biomass crop, reported that Chief Executive Dr. Carl Kukkonen was interviewed by two of the largest newspapers in Shenzhen, China following his presentation on Giant King Grass at the first anniversary Symposium of the School of Environment and Energy, Peking University Graduate School in Shenzhen on October 10, 2010. The School of Environment and Energy was established to address critical environment and energy issues arising from China's rapid economic growth. Kukkonen was in Asia for much of October for business and technical meetings.
The story in the Shenzhen Special Zone Daily-the city's top newspaper and one of the most influential in China-- was headlined " Using Giant King Grass to Generate Electricity is 1/4th the Cost of Solar" and featured a picture of Dr. Kukkonen with Giant King Grass. The article went on to say that Giant King Grass was a great renewable alternative to replace coal. In addition, the cost of generating electricity with Giant King Grass is only ¼ solar, ½ of wind, and substantially cheaper than natural gas and crude oil. At the end of the article, the paper noted that only 80 million hectares of Giant King Grass could replace the world's need for coal.
Shenzhen, just north of Hong Kong, is one of the fastest growing cities in the world with a total population of approximately 18,000,000. Being southern China's major financial centre, Shenzhen is home to the Shenzhen Stock exchange as well as the headquarters of numerous high-tech companies. Shenzhen is also the third busiest container port in China, ranking only after Shanghai and Hong Kong. Shenzhen is in Guangdong province China where VIASPACE has its Giant King Grass plantation.
The Shenzhen Economic Daily, an authoritative comprehensive newspaper with focus on economic reporting, reported that CEO Carl Kukkonen introduced Giant King Grass to a group of professionals in the energy industry. Mr. Kukkonen showed the benefits of Giant King Grass, and the special energy grass is already grown by his company in the Guangdong Province.
The presentation, entitled "Dedicated Energy Crops for Bioenergy" is available on the lower right of the VIASPACE website homepage at http://www.viaspace.com/ . The newspaper stories in Chinese are also available.
Kukkonen commented, "I was honored to be a presenter at the Symposium. China is moving aggressively to train students to address environmental and energy issues in their rapidly growing economy, and I was pleased to be able to interact with their students and faculty members. Professor Shu Geng, founding Dean of the graduate School of Environment and Energy (SEE) is also a professor of Plant Sciences at the University of California, Davis, where I received my Bachelor of Science degree and I now serve on the Dean's Advisory Council. I was happy to give UC Davis Dean Winston Ko and SEE Associate Dean Jiong Ma a tour of our Giant King Grass plantation and look forward to future collaborations with both institutions."
VIASPACE plans to issue a business update on Giant King Grass and Green LogsTM in the near future.
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 high-pollutant energy sources. Through its majority-owned subsidiary VIASPACE Green Energy Inc., the Company grows Giant King Grass as a low-carbon fuel for electricity generating power plants, as a feedstock for bio methane production and cellulosic biofuels, and for other low-carbon, renewable energy products. VIASPACE recently introduced its Green LogTM fireplace and campfire log product. For more information, please go to 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 news release 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, 2009, as well as general economic and business conditions; the ability to acquire and develop specific products and technologies; changes in consumer and business demand for the Company's products; competition from larger companies; changes in demand for alternative and clean energy; risks associated with international transactions; risks related to technological change; and other factors over which VIASPACE has little or no control.