| PASADENA,
Calif.-- VIASPACE Inc. (VSPC) announced that a key US federal
regulatory ruling now fully enables the business strategy for its Direct
Methanol Fuel Cell Corporation (DMFCC) subsidiary. On April 30, 2008, the
Federal Register published the final rule from the Pipeline and Hazardous
Materials Safety Administration (PHMSA), US Department of Transportation.
PHMSA is amending the Hazardous Materials Regulations to permit certain
fuel cell cartridges and fuel cell systems designed for portable electronic
devices to be transported by passengers and crew in carry-on baggage on
board passenger-carrying aircraft. Methanol fuel cells and cartridges are
explicitly approved. DMFCC is an active member of the US and international
committees that developed the safety standards that led to this approval,
and is a member of the US Fuel Cell Council which played a pivotal role
in adoption of this rule in the US.
Fuel cell cartridges and fuel
cell systems are an emerging energy technology developed to provide a more
efficient, longer-lasting and renewable power source for electrically operated
equipment. This final rule prescribes regulations for transporting fuel
cells containing liquids, including methanol and formic acid, which meet
certain performance and consumer use standards. PHMSA issued this final
rule in cooperation with the Federal Aviation Administration (FAA). The
effective date of these amendments is October 1, 2008, and voluntary compliance
is authorized as of May 30, 2008.
Micro fuel cells are expected
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. DMFCC is a leader in the liquid fuel cell
cartridge design, manufacturing and distribution business. The fuel cartridges
are disposable like AA batteries and represent a recurring revenue stream
for DMFCC. In contrast to batteries, cartridges are made of recyclable
materials.
VIASPACE and DMFCC CEO, Dr. Carl
Kukkonen, states, "Major electronics OEMs are pursuing methanol 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. This ruling by the Department of Transportation
now allows passengers to bring fuel cell powered electronic devices and
spare fuel cell cartridges on board commercial aircraft in their hand checked
baggage."
In a separate press release,
VIASPACE recently announced the successful collaboration of DMFCC and its
manufacturing partner, 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.
DMFCC and SATO Group are positioning
themselves to capture a significant portion of the estimated multibillion-dollar
fuel cell cartridge market that has now been approved by this final rule
from Department of Transportation.
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 our website at http://www.VIASPACE.com,
or contact for Investor Relations, Dr. Jan Vandersande, Director of Communications
at 800-517-8050, or IR@VIASPACE.com. |