SOURCE: VIASPACE

October 15, 2007 02:30 ET

DMFCC Signs Teaming Agreement With ANTIG of Taiwan for Joint Development of Fuel Cell Products

PASADENA, CA--(Marketwire - October 15, 2007) - VIASPACE Inc. (OTCBB: VSPC) announced that Taiwanese Fuel Cell Developer ANTIG of Taipei, Taiwan and VIASPACE subsidiary Direct Methanol Fuel Cell Corporation (DMFCC) have signed a teaming agreement to collaborate on the development of fuel cell systems that leverage ANTIG's innovative micro fuel cell stacks, along with Direct Methanol Fuel Cell Corporation's line of fuel cell cartridges and other fuel cell products.

Dr. Carl Kukkonen, VIASPACE and DMFCC CEO, stated, "Our teaming agreement with ANTIG is a key example of DMFCC's continued expansion of its global business strategy. We are partnering with top organizations around the globe that have a good reputation and the trust of customers in their own markets." ANTIG develops fuel cells and fuel cell-related products in collaboration with major electronics corporations in Taiwan and throughout Asia. DMFCC will partner with ANTIG on certain projects and will also extend IP protection to ANTIG and their customers for the extensive Caltech fuel cell cartridge IP portfolio for which DMFCC has licenses. Brent McKendry, ANTIG CEO said, "We are pleased to have this opportunity to work closer with DMFCC and believe it brings added value to all our partners who are currently building fuel cell systems."

Dr. Kukkonen adds, "VIASPACE is a growing company with proprietary technology, much of which was originally developed at the NASA Jet Propulsion Laboratory (JPL) and licensed from Caltech, which manages JPL for NASA. We are honored to have a relationship with ANTIG, which has the trust of major commercial customers in Taiwan and elsewhere in Asia. We believe that this teaming agreement will benefit both organizations and will help them reach the marketplace more quickly."

VIASPACE has previously announced other strategic relationships and contracts in its energy and security subsidiaries.

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 www.VIASPACE.com, or contact Investor Relations, Dr. Jan Vandersande, Director of Communications at 800-517-8050, or IR@VIASPACE.com. For past press releases, please visit: http://www.viaspace.com/press_release.php.

Press contact: Carl Kukkonen 626-768-3360

About ANTIG: ANTIG is a leading developer of micro fuel cell stacks -- the power generators inside a fuel cell system. Based out of Taipei, Taiwan, ANTIG currently has over 230 patents in the area of fuel cell stack and system design, and has been recognized worldwide for their innovative H2Chip™ technology.

Press Contact:
Linnet Tsai
+886 2 2656 2569 x 122
Email: linnet@antig.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, as amended, for the fiscal year ended December 31, 2006, and our Quarterly Report on Form 10-Q for the period ended June 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.

Contact Information

  • Investor Relations
    Dr. Jan Vandersande
    Director of Communications
    800-517-8050
    IR@VIASPACE.com

    Press Contact:
    Carl Kukkonen
    626-768-3360

    Press Contact:
    Linnet Tsai
    +886 2 2656 2569 x 122
    Email: linnet@antig.com