SOURCE: IO Circuit

October 26, 2006 11:10 ET Practical Applications of Micro Fuel Cells Is Close at Hand; VIASPACE CEO Interviewed in Japan

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

LAKE HARMONY, PA--(Marketwire - October 26, 2006) - VIASPACE Inc. (OTCBB: VSPC) announced that Dr. Carl Kukkonen, CEO of VIASPACE and its subsidiary, Direct Methanol Fuel Cell Corporation (DMFCC) was interviewed by the Japanese newspaper Nikkei Business Daily during his recent trip to Japan where he visited OEMs that are working on direct methanol fuel cells and DMFCC's cartridge manufacturing partners. The interview resulted in an article published on October 17 in Japanese. The English translation of the headline is "Practical Applications of Micro Fuel Cells Is Close at Hand, But Royalty Issues Emerge." The article discusses the patents licensed from Caltech to DMFCC, and DMFCC's business strategy where DMFCC is willing to provide patent protection to OEMs in exchange for their use of DMFCC methanol fuel cartridges.

DMFCC focuses on producing methanol fuel cartridges that will provide the energy source for laptop computers, cell phones and other portable electronic devices to be powered by direct methanol fuel cells.

Fuel cells are expected to gain a substantial market share because they offer longer operating time as compared to current lithium ion batteries and may be instantaneously recharged by simply replacing the disposable fuel cartridge. It has been announced that direct methanol fuel cells are being developed for portable electronic applications by companies such as Samsung and LG in Korea, and by Toshiba, NEC, Hitachi and Sanyo in Japan.

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