PASADENA, Calif., Dec. 13 /PRNewswire-FirstCall/ -- VIASPACE Inc. (BULLETIN BOARD: VSPC) , a company dedicated to commercializing proven technologies from NASA and the US Department of Defense, announced today that Mr. Gary Miller has been promoted to Vice President for Business Development for its Direct Methanol Fuel Cell Corporation (DMFCC) subsidiary.
Mr. Miller has been serving as DMFCC Vice President Japan Business Development. He came to DMFCC from Aurora Labs Inc., where he was Vice President of Product Planning. Mr. Miller has held previous business development consulting positions at Motorola and Proview International, as well as business management positions at Universal Electronics Inc., DataPlay Inc. and Tokai Bussan Corporation.
Mr. Miller earned his BA in Economics from the University of California at Irvine, and his MBA from the University of Colorado.
Dr. Carl Kukkonen, CEO of both VIASPACE and DMFCC, said, "We anticipate that the promotion of Mr. Miller as head of all of DMFCC's business development activities will help us immensely in the methanol fuel cell cartridge business. He has extensive experience and contacts with major electronic OEMs throughout the world, but especially in Asia."
DMFCC focuses on producing and distributing methanol fuel cartridges designed to provide the energy source for laptop computers, cell phones and other portable electronic devices to be powered by direct methanol fuel cells.
Fuel cells are expected to gain a substantial market share because they offer longer operating time as compared to current lithium ion batteries and may be instantaneously recharged by simply replacing the disposable fuel cartridge. Leading OEMs have announced that they are developing direct methanol fuel cells for portable electronic applications.
This news release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to future events 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 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, 2005 and our Quarterly Report on Form 10-QSB for the quarter ended September 30, 2006, 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, and other factors over which VIASPACE has little or no control.
VIASPACE Inc.
