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VIASPACE Subsidiary Signs Deal With OEM to Provide Fuel Cell Cartridges and Valves

2008-07-15 07:30:00

    PASADENA, Calif., July 15 /EMWNews-FirstCall/ -- VIASPACE Inc. (OTC

Bulletin Board: VSPC), announced today that its Direct Methanol Fuel Cell

Corporation (DMFCC) subsidiary has signed an agreement to provide methanol

fuel cell cartridges and interface valves to a major portable electronics

OEM. The application is an electronic device powered by a direct methanol

fuel cell instead of a battery. The name of the OEM was not revealed.

    VIASPACE CEO Dr. Carl Kukkonen stated, "We are delighted with this

opportunity to provide both cartridges and interface valves to this OEM. We

are teamed with our manufacturing partner, the Sato Group of Japan on this

project, and I'm confident that we will meet the milestones and keep our

customer's development project on schedule."

    Direct Methanol Fuel Cell Corporation produces disposable fuel

cartridges that provide the energy source for portable electronics powered

by fuel cells. Many OEMs have demonstrated notebook computers, mobile

phones and other portable devices powered by direct methanol fuel cells,

and production plans have been announced for as early as 2009.

    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, or contact for Investor Relations, Dr. Jan

Vandersande, Director of Communications at 800-517-8050, or

[email protected].

    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, as amended, for the fiscal year

ended December 31, 2006, and our Quarterly Report on Form 10-Q for the

period ended September 30, 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.

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