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VIASPACE Press Release


VIASPACE REPORTS ON BUSINESS DISCUSSIONS IN SINGAPORE

05/11/2011

 

IRVINE, Calif.-May 11, 2011-VIASPACE Inc. (OTC Bulletin Board: VSPC - News), a clean energy company growing Giant KingTM Grass as a low-carbon, renewable biomass crop and its subsidiary VIASPACE Green Energy Inc. (OTC Bulletin Board: VGREF), today reported that CEO Dr. Carl Kukkonen and VIASPACE Green Energy President Sung Chang separately visited Singapore to meet with potential business and research & development partners.

 

In Singapore, Dr. Kukkonen met with Simon Parker, CEO of DP CleanTech which is a world leader in biomass power plants with a reference list of 20 operating 100% biomass power plants in China and 30 in Europe (http://www.dpcleantech.com/).  DP CleanTech has tested Giant King Grass and found it to be nearly identical to agricultural waste such as corn straw and wheat straw which they now burn in many of their power plants.  The current DP CleanTech power plants are located in northern China, while the VIASPACE Giant King Grass plantation is in Guangdong province in southern China, and it is not practical to ship grass over these long distances.  VIASPACE and DP CleanTech are working together to develop opportunities in China and Southeast Asia for a Giant King Grass plantation co-located with a DP CleanTech power plant.

 

Dr. Kukkonen also met with a project developer concerning a specific proposed 30 MW power plant fueled by Giant King Grass, and with a party interested in converting biomass into a gaseous fuel. 

 

On the trip to Singapore, Kukkonen gave an invited presentation at the Bioenergy and Biorefinery Conference organized by the Bioenergy Society of Singapore.  The presentation, entitled "Giant King Grass: A Dedicated Energy Crop for Bioenergy and Biorefineries," is now available on the homepage of the VIASPACE website http://www.viaspace.com/.  The conference included top biomass researchers from Singapore as well as other countries, and Giant King Grass was recognized as a potential energy crop that could be grown in neighboring countries and delivered to Singapore by barge or truck.  VIASPACE is in discussions about potential collaborations with universities and government-backed research institutions in Singapore.

 

VIASPACE Green Energy President Sung Chang made a subsequent trip to Singapore to follow-up on the 30 MW power plant opportunity, and to initiate discussions on another potential Giant King Grass fueled power plant.

 

Previously, VIASPACE announced incorporation of VIASPACE Green Energy Pte. Ltd. in Singapore. The new company is 100% owned by VIASPACE Green Energy Inc. and may be used for business opportunities in Singapore and Southeast Asia.

 

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 such as ethanol and butanol, and for biochemicals and bioplastics.  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, 2010, 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.