| PASADENA,
Calif.--VIASPACE Inc. (OTC Bulletin Board: VSPC) outlined the strategy
that its Direct Methanol Fuel Cell Corporation (DMFCC) subsidiary is pursuing
for the estimated multibillion-dollar market for disposable fuel cell cartridges.
Micro fuel cells are expected
to replace batteries to power portable electronic devices such as notebook
computers and mobile phones. Disposable fuel cartridges provide the fuel
for these fuel cells which could power a notebook computer for up to 10
hours, and a mobile phone for up to three weeks. The fuel cartridges are
disposable like AA batteries and represent a recurring revenue stream.
In contrast to batteries, cartridges are made of recyclable materials.
VIASPACE and DMFCC CEO, Dr. Carl
Kukkonen, states, "Major electronics OEMs are pursuing fuel cells for their
electronic devices, and fuel cell powered notebook computers have been
demonstrated by companies such as Samsung and Toshiba. These companies
are developing their own fuel cells. DMFCC has developed the disposable
fuel cartridges that consumers would purchase in the aftermarket to power
these devices. Our expertise is in cartridge design and safety qualification,
not high volume manufacturing. DMFCC is a fab-less company that relies
on our global network of cartridge manufacturing partners that are already
trusted, high quality suppliers to the major OEMs. This trust has been
built up over many years and is a big asset to DMFCC."
DMFCC's team of key cartridge
manufacturing partners around the globe includes manufacturing giants Tyco
Electronics and Nypro Corporation. The SATO Group of Japan has been an
early and key member of DMFCC's team. The SATO Group specializes in precision
high volume manufacturing of and has existing supply chain relationships
with major Asian consumer electronics manufacturers.
In a separate press release,
VIASPACE recently announced the successful collaboration of DMFCC and the
SATO Group in delivering sample methanol fuel cell cartridges and valves
to Samsung SDI. DMFCC used its expertise in cartridge design and safety
qualification, and the SATO Group manufactured the cartridges and valves
that were successfully integrated with Samsung SDI fuel cells in a portable
electronics application.
VIASPACE CEO Dr. Carl Kukkonen
stated, "We are delighted that our cartridges and valves have been able
to meet Samsung's initial requirements. This project involved extremely
tight deadlines for several months, and I'm quite proud of our team for
meeting these milestones and keeping Samsung's development project on schedule.
I particularly want to thank our manufacturing partner, SATO Group of Japan,
for their outstanding work."
Nobuo Sato, the CEO of SATO Group
stated that, "We believe our company, through our strong relationship with
DMFCC, is in a solid position in developing fuel cell cartridges. DMFCC's
testing and certification expertise combined with SATO Group's R&D
capability, as well as our manufacturing expertise, complement each other
extremely well in this evolving market. DMFCC and SATO Group are positioning
themselves to capture a significant portion of the estimated multibillion-dollar
fuel cell cartridge market." |