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VIASPACE (VSPC.OB)

VIASPACE (VSPC) is a clean energy company focused on providing products and technology that reduce or eliminate dependence on fossil fuels and other high-pollutant energy sources. Through its subsidiaries, the company provides raw material for cellulosic biofuels; develops and markets fuel cartridges, products and technology for methanol fuel cells; markets rechargeable lithium-ion batteries; and develops security-related monitoring and detection technology and systems for military/defense and commercial applications.

Through its renewable energy subsidiary, VIASPACE Green Energy, the company grows a fast-growing non-food grass that can be harvested four times a year. This proprietary grass is used for producing low carbon liquid biofuels such as cellulosic ethanol, methanol and green gasoline for transportation, as well as partially or completely replacing coal to reduce carbon emissions from electric power plants. Cellulosic biofuels made from non-food sources offer environmental and economic advantages over food crops, like corn, and are attracting strong political support around the world.

Through its alternative energy subsidiary, Direct Methanol Fuel Cell Corporation, the company designs and manufactures disposable methanol fuel cartridges that supply power for portable electronics such as notebook computers and mobile phones. Compared to traditional batteries, fuel cells cleanly and efficiently convert methanol into electricity without burning and provide longer operating time and instantaneous recharging. VIASPACE also supplies rechargeable lithium batteries for electronics, power tools, electric bicycles and other electric vehicles.

Through its high-technology subsidiary, Ionfinity, the company collaborates with Caltech and NASA’s Jet Propulsion Laboratory to develop and commercialize new sensor technology that can detect very small amounts of hazardous materials such as explosives, chemical/biological weapons, toxic gases and drugs. Leveraging Ionfinity’s miniaturization technology, new portable monitoring devices and detection systems are being developed for homeland security, defense, biomedical, industrial process control, agricultural and environmental safety applications.

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