PASADENA, Calif., May 19 CA-VIASPACE-CEO-Reprt
PASADENA, Calif., May 19 /PRNewswire-FirstCall/ -- VIASPACE Inc.
(OTC Bulletin Board: VSPC) CEO, Dr. Carl Kukkonen, reports that Sharp
Corporation claims to have achieved the world's highest power density for a
direct methanol fuel cell for mobile equipment. The press release on the
Sharp website (http://sharp-world.com/corporate/news/080515.html) states,
"This new technology enables efficient power generation from a small cell
volume. Thus, the use of this technology can make it possible to develop fuel
cells that have almost the same volume but a longer continuous-use lifespan
than lithium-ion batteries, which are the main type currently in use. Sharp
will promote further research and development for the practical application of
fuel cells for mobile equipment such as PDAs, electronic dictionaries, and
notebook computers." Dr. Kukkonen reported on Sony and Samsung progress on
direct methanol fuel cells on May 15, 2008, and this update is from the 15th
Fuel Cell Symposium in Tokyo where Sharp released the information. Sharp has
emerged as another significant OEM player in the direct methanol fuel cell
sector of the $55 Billion clean energy market.
VIASPACE subsidiary Direct Methanol Fuel Cell Corporation (DMFCC)
manufactures disposable fuel cartridges for portable electronics applications.
Fuel cells are the electrochemical engine that converts the fuel into
electricity that powers the notebook computer or mobile phone. The fuel
cartridges are the consumable part of the fuel cell business and represent
recurring revenue. VIASPACE also manufactures fuel cell and battery test
equipment, and sells high-quality and safe rechargeable lithium-based
batteries.
About VIASPACE: Originally founded in 1998 with the objective of
transforming proven space and defense technologies from NASA and the
Department of Defense into hardware and software solutions that solve today's
complex problems, VIASPACE benefits from important patent and software
licenses from Caltech, which manages NASA's Jet Propulsion Laboratory. For
more information, please visit our website at http://www.VIASPACE.com, or
contact for Investor Relations, Dr. Jan Vandersande, Director of
Communications at 800-517-8050, or IR@VIASPACE.com.
This news release includes forward-looking statements. 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, 2007, 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.
SOURCE VIASPACE Inc.
