SOURCE: IO Circuit

May 04, 2007 06:35 ET VIASPACE Broadens Focus to Include Opportunities in Clean Energy Market

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO Circuit.

LAKE HARMONY, PA--(Marketwire - May 4, 2007) - VIASPACE Inc. (OTCBB: VSPC), a company primarily focused on security and direct methanol fuel cell technology, has announced its dedication to energy-based product initiatives within the clean energy sector. Research firm Clean Edge, Inc. reports that global markets for biofuels reached $20.5 billion in 2006 and are estimated to expand to $80.9 billion by 2016. Dr. Carl Kukkonen, CEO of VIASPACE, commented: "We are now organized into two major business units -- VIASPACE Security, which delivers solutions for the commercial and homeland security markets, and VIASPACE Energy. VIASPACE has established a significant position in the clean energy sector with our extensive portfolio of fuel cell patents, fuel cell cartridge business, and breakthrough humidity sensor products. Major players in the energy market have responded favorably to our technologies, opening up additional avenues for our company to explore. As we continue to build on our existing businesses and pursue the exciting new applications that are rapidly emerging, we believe VIASPACE will make an important contribution in meeting the growing demand for clean energy products."

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