Stocks to Watch: VIASPACE Inc. (OTCBB: VSPC), Universal Energy Corp. (OTCBB: UVSE), SpongeTech® Delivery Systems, Inc. (OTCBB: SPNG), Applied Materials (NASDAQ: AMAT), Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX)
Featured Stock: VIASPACE Inc. (OTCBB: VSPC)
Current Price (0.036)
VIASPACE Subsidiary DMFCC Receives Order for Formic Acid Fuel Cell Cartridges
PASADENA, Calif., June 9 -- VIASPACE Inc. (OTC Bulletin Board: VSPC - News), a company that transforms proven space and defense technologies from NASA and the Department of Defense into hardware and software solutions, announced today that its Direct Methanol Fuel Cell Corporation (DMFCC) subsidiary has received an order from Lynntech Inc. of College Station, TX to design and produce formic acid fuel cell cartridges.
CEO of VIASPACE and DMFCC, Dr. Carl Kukkonen, stated, "We are delighted to work with Lynntech. Our design team will design the fuel cell cartridge, pouch, and valve for a formic acid fuel cell, which will involve selection and testing of new materials suited to formic acid. This work is under a U.S. Army development contract in which the Army plans to use Lynntech's fuel cell combined with technology developed at Vanderbilt University to create a fuel cell system that has a minimum of moving parts and support structure to produce the complete power supply. The Army hopes that this combination will lead to a lightweight, rugged, reliable power supply suitable for use with either one time use disposable cartridges or bulk fuel."
Kukkonen continued, "Formic acid is also one of the liquids covered by our extensive license on fuel cell patents from Caltech, and it is also one of the types of fuel cells recently approved by the Department of Transportation for crew and passengers to carry on board commercial aircraft."
About VIASPACE: 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 see http://www.VIASPACE.com, or contact 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.
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Universal Energy Corp. (OTCBB: UVSE)
Current Price (0.17)
www.WallStreetStockReview.com
HOUSTON, June 9 -- Universal Energy Corp. (OTC Bulletin Board: UVSE - News), an emerging U.S. oil and gas exploration and production company, announced today that preparations at the Lone Oak prospect are complete and drilling began Thursday, June 5, 2008, at its Lone Oak prospect. Drilling continues at an excellent pace as total depth of the well has reached 2,655 feet.
SpongeTech® Delivery Systems, Inc. (OTCBB: SPNG)
Current Price (0.05)
www.WallStreetStockReview.com
NEW YORK, June 9 -- SpongeTech® Delivery Systems, Inc. (OTC Bulletin Board: SPNG - News) SpongeTech® has signed an agreement with the Yankee Entertainment and Sports (YES) Network. Starting today, in preparation for our July 28th Promotional Day at Yankee Stadium, we will be running our SpongeTech® commercials throughout the day and night on the YES Network. We are pleased to have started this great business relationship with both the Yankees and the YES Network, two great marketing partners helping us to continue to brand the SpongeTech® name.
Applied Materials (NASDAQ: AMAT)
Current Price (18.98)
www.WallStreetStockReview.com
SANTA CLARA, Calif.-- The future of sustainable energy is here, with Applied Materials taking a leadership role in changing the energy equation. Applied will be updating the industry on its progress in solar and its future strategy next week at Intersolar 2008 in Munich, Germany.
Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX)
Current Price (33.34)
www.WallStreetStockReview.com
CAMBRIDGE, Mass.-- Vertex Pharmaceuticals Incorporated (Nasdaq: VRTX - News) today announced positive results from a planned interim analysis of PROVE 3, an ongoing Phase 2b study evaluating telaprevir-based treatment in patients with genotype 1 chronic hepatitis C virus (HCV) infection who did not achieve sustained virologic response (SVR) with at least one prior pegylated interferon (peg-IFN) and ribavirin (RBV) regimen. Vertex is developing telaprevir in collaboration with Tibotec.
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