Stocks to Watch: VIASPACE Inc. (OTCBB: VSPC), American Security Resources Corporation (OTC BB: ARSC), NVIDIA Corporation (NASDAQ: NVDA), Tri-Valley Corporation (AMEX: TIV), Continental Resources, Inc. (NYSE: CLR)
Featured Stock: VIASPACE Inc. (OTCBB: VSPC)
Current Price (0.04)
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VIASPACE Subsidiary Direct Methanol Fuel Cell Corporation and PolyFuel Initiate Methanol Cartridge Collaboration
PASADENA, Calif., June 30 -- VIASPACE Inc. (OTC Bulletin Board: VSPC - News), announced today that its subsidiary Direct Methanol Fuel Cell Corporation (DMFCC) has received a purchase order from PolyFuel of Mountain View, California to assist with the design of disposable methanol fuel cartridges.
PolyFuel is a world leader in engineered membranes for fuel cells and has developed a new family of hydrocarbon membranes that exhibit performance characteristics never before simultaneously achieved with any other fuel cell membrane material. Leading Japanese and Korean consumer electronics companies rank PolyFuel's hydrocarbon membrane as the best portable fuel cell membrane available in the world today. PolyFuel also has DMFC stack and system technology, which it will share with its membrane customers as reference designs. Direct Methanol Fuel Cell Corporation and PolyFuel will collaborate in the design of a fuel cartridge for micro fuel cells using PolyFuel's membrane material.
VIASPACE through DMFCC designs and manufactures disposable fuel cartridges for portable electronics applications. DMFCC has cartridge manufacturing partners in Japan, Korea and the US. Disposable fuel cartridges are the consumable in the potential billion-dollar fuel cell cartridge business and cartridges represent a recurring revenue stream. DMFCC has licensed the extensive Caltech/USC portfolio of direct methanol fuel cell related patents.
VIASPACE also manufactures and distributes fuel cell and battery test equipment and high-quality and safe rechargeable lithium-based batteries.
Carl Kukkonen, CEO of VIASPACE and DMFCC, commented, "We are pleased to begin this new collaboration with PolyFuel. We have known PolyFuel for many years and have the highest respect for their membranes and their fuel-cell design capabilities. We believe that our cartridge expertise coupled with their deep fuel cell knowledge will hasten micro fuel cell commercialization. We will use our internal expertise as well as that of our world class manufacturing partners, including SATO Group of Japan, Nypro of the U.S. and Tyco Electronics."
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. VIASPACE is located in Pasadena California. 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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American Security Resources Corporation
(OTC BB: ARSC)
Current Price (0.05)
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BEAVERTON, Oregon-- Hydra Fuel Cell Corporation (www.hydrafuelcell.com), a wholly owned subsidiary of American Security Resources Corporation (OTCBB:ARSC - News), announced today that its distributor, Conexa Products of Miami, Fl.(www.conexaproducts.com), has signed a Letter of Intent with Distribution Management Services, Inc.(DMGS.PK), to provide HydraStax® hydrogen fuel cells for a development of 174 deluxe, affordable homes that DMGS is developing near Orlando, Fl. DMGS plans to begin construction on the first 25 homes within 60 days according to DMGS announcements (www.dmgsonthenet.com).
NVIDIA Corporation
(NASDAQ: NVDA)
Current Price (18.29)
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SANTA CLARA, Calif., and URBANA, Ill., June 30 -- NVIDIA Corporation (Nasdaq: NVDA - News), the worldwide leader in visual computing technologies, and the University of Illinois at Urbana-Champaign (UIUC) today announced that UIUC has been named as the world's first CUDA Center of Excellence. In addition to the appointment, NVIDIA has donated $500,000 to UIUC for the development of parallel computing facilities and the continuation of its research programs.
Tri-Valley Corporation
(AMEX: TIV)
Current Price (7.15)
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BAKERSFIELD, Calif.-- Tri-Valley Corporation (AMEX:TIV - News) has exceeded 2,000 barrels of oil equivalent per day (BOED) rate with total field production recorded at 2,058.3 BOED from its 43 active producing wells on six California properties. This surpasses the original year end 2008 Company Plan of 2,000 BOED by more than six months.
Continental Resources, Inc.
(NYSE: CLR)
Current Price (72.06)
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ENID, Okla., June 30 Continental Resources, Inc. (NYSE: CLR - News) today announced plans to issue its second quarter 2008 earnings press release on Tuesday, July 29, 2008 before the opening of trading on the New York Stock Exchange. The Company plans to host a conference call on the same day at 10 a.m. ET to discuss its results for the quarter.
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