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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. A US Fuel Cell Council report conducted by the Darnell Group predicts that 105 million fuel cell powered electronic devices will be sold per year in 2011/2012. If each device uses two cartridges per month for their three-year lifetime, this is 7 billion cartridges per year. Direct methanol fuel cells are being developed for these applications by companies such as Toshiba, NEC, Hitachi and Sanyo in Japan, and by Samsung in Korea.
"Fuel cells and fuel cartridges will give the consumer freedom from the electrical grid," stated Dr. Kukkonen. "VIASPACE and DMFCC are providing the necessary advances in fuel cartridges to facilitate widespread adoption of fuel cells for portable power applications such as laptop computers and mobile phones."
The patent applications were filed by the leading intellectual property law firm of Fish & Richardson P.C.
About VIASPACE: Unparalleled Knowledge. Unparalleled Solutions.
VIASPACE is a diversified technology company with unparalleled knowledge and expertise in energy/fuel cells, microelectronics, sensors, homeland security & public safety, information & computational technology, and RFID. Founded in 1998 with the objective of transforming proven space and defense technologies from the NASA/Caltech Jet Propulsion Laboratory into hardware and software solutions that solve today's complex problems, VIASPACE has strong strategic relationships with research laboratories, universities, and other organizations within the advanced technology community. Direct Methanol Fuel Cell Corporation (DMFCC) is pursuing the $1+B opportunity for disposable methanol fuel cartridges. These cartridges provide the methanol fuel for tomorrow's fuel cell-powered portable electronic devices, such as laptop computers and cell phones. For more information, please visit our website at www.VIASPACE.com, contact Investor Relations at (888) 359-9558 or IR@VIASPACE.com, or Public Relations at PR@VIASPACE.com
Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which VIASPACE has little or no control.
ON BEHALF
OF THE BOARD
VIASPACE
Inc.
Dr. Carl
Kukkonen-CEO
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