Scottsdale, Arizona 6/20/2008 10:01:15 AM
News / Finance

QualityStocks.net News – VIASPACE, Inc. (VSPC.OB) Subsidiary Signs Memorandum to Co-Develop Fuel Cells and Cartridges

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We would like to highlight VIASPACE, Inc. (OTCBB: VSPC). 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.

 

In the company’s recent news,

 

VIASPACE, Inc. announced that their subsidiary, Direct Methanol Fuel Cell Corporation (DMFCC), signed a memorandum of understanding with Suzuki Technology Private Limited of Singapore. The memorandum states that DMFCC will be given the rights to co-develop direct fuel cells and fuel cartridges for the multibillion-dollar notebook computer and portable electronics industries.

 

Suzuki is an active player in the production and marketing of electronics products, including notebook computers, portable storage devices, optical disk drives, memory modules, flash-based memory, and graphic accelerators. The memorandum is an opportunity for Suzuki to further improve on their products by partnering with companies that partake in technology advancement.

 

“We are pleased to begin this new collaboration with Suzuki Technology,” said Carl Kukkonen, CEO of VIASPACE and DMFCC. “We believe that our knowledge of the industry, our large portfolio of intellectual property and strong relationships with fuel cell developers, as well as our world class manufacturing partners, including SATO Group of Japan, Nypro of the U.S. and Tyco Electronics, will afford opportunities to combine fuel cell innovation with Suzuki’s notebook computers and other digital technology.”

 

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Forward-Looking Statement:

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