Viaspace, Inc. (VSPC.OB)

Posted: Thu Jul 12, 2007 11:18 am

VIASPACE 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; and 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.

Posted: Thu Jul 12, 2007 1:04 pm

VIASPACE, Inc. (VSPC.OB) Subsidiary Awarded Patent for Soft Ionization Membrane

VIASPACE Inc. ( VSPC.OB), reported that its Ionfinity subsidiary has been granted a patent for a soft ionization membrane.

Ionfinity, a subsidiary in which VIASPACE holds a 46.3% membership interest, is working to develop the next-generation mass spectrometry (MS) technology, which could not only revolutionize the traditional applications of MS for industrial process control and environmental monitoring, but could also ring in a new era of detection systems for homeland security.

The technology combines two inventions made at NASA Jet Propulsion Laboratory, which should enable the system to provide a 10x increase in sensitivity, a 10x increase in mass range and the ability to miniaturize the product to make it portable and low cost.

The Ionfinity system is designed to allow high sensitivity and specificity in a portable system — a carry-on suitcase in the near-term and a shoe-box or smaller size in the future. With its projected ruggedness, low power consumption and cost, the system could be deployed in many applications, where monitoring of air, water or other substances is required.

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Posted: Thu Jul 12, 2007 1:05 pm

VIASPACE, Inc. (VSPC.OB) Holds Plenty of Potential for the Future

VIASPACE’S Security division pioneers in new technologies based on inference and sensor data fusion technology. Its primary focus is on suicide bomb detection and cargo container security.

VIASPACE Security’s sensor fusion application platform intelligently uses large volumes of real-time sensor data, and can be purchased for an extremely competitive price; up until now such applications have been too expensive and difficult for the mainstream market.

VIASPACE is currently developing technology which could enable commercial instruments to detect concealed IEDs and other concealed weapons worn by suicide bombers. Homeland security and defense markets would benefit immensely from the new technology.

With the company’s motivated management and thriving divisions, it has clearly set itself apart from the rest of the industry as it shows its great potential to increase both revenue and value for shareholders.

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Posted: Thu Jul 12, 2007 1:05 pm

VIASPACE, Inc (VSPC.OB) Announces an Increase of 212% in First Quarter Revenue

After the bell, VIASPACE announced its first quarter financial results for the quarter ended March 31, 2007.

VIASPACE reported $239,000 in revenue for this quarter compared to last year’s $113,000; a 212% increase. Gross profit also increased from last year. In 2006 it was $8,000 compared to $36,000 this year.

Operating expenses were increased $634,000. $391,000 of the operating expenses was accounted for in research and development expenses.

In March, the convertible debenture transaction was restructured by converting existing convertible debentures into common stock, allowing the company to receive $910,800 in additional cash proceeds. As a result of the restructuring, the Company stockholders’ equity increased about $8,078,000 during the first quarter of 2007.

Dr. Carl Kukkonen, CEO of VIASPACE stated that the recent restructuring of the convertible debenture was favorable to the company as it converts the debt on the balance sheet into shareholder equity.

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Posted: Thu Jul 12, 2007 1:06 pm

CEO of VIASPACE, Inc. (VSPC.OB) Gives an In-Depth Analysis of the Company

SmallCapVoice has released its audio interview of VIASPACE to the public. Carl Kukkonen, the CEO of VIASPACE, discussed the new opportunities the company has in the clean energy sector, in addition to providing insight on the company’s SHINE inference engine technology for border, port, maritime and aviation security.

SmallCapVoice is a well recognized coporate consulting firm with clients all over the nation. It has a reputation for its ability to increase exposure for emerging companies.

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Posted: Thu Jul 12, 2007 1:10 pm

VIASPACE, Inc (VSPC.OB) Security Division Receives Additional Funds from Contract

VIASPACE’S Security Subsidiary announced that it has received additional funding for its contract from L3 Communications. VIASPACE has integrated the software and hardware, plus finished the final testing of the hardware units associated with the Advanced Container Security Device (ACSD) program in support of the Department of Homeland Defense.

The company’s exclusive license from Caltech allows them to pursue port and container security opportunities such as the ACSD program, as part of its overall strategic focus to develop high performance, real-time inference and sensor data fusion-based solutions leveraging SHINE technology.

The President commented, “There is a major need for technology solutions to improve the security of seaports and cargo worldwide and we believe our sensor data fusion technology will play a key role. We see this as a tremendous opportunity for VIASPACE Security to draw on our proprietary technology and system design capabilities to develop leading edge maritime security solutions and establish a leadership position in this growing market. We are delighted to be continuing our efforts in support of L3 Communications and the Department of Homeland Defense on this critical port and container security program.”

The Department of Homeland Defense has spent approximately $28 billion in 22 months on security-related goods. The market is continually growing, and VIASPACE has targeted it as an industry in need of its real-time sensor fusion technology which can deliver substantial benefit in securing ports and cargo.

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Posted: Thu Jul 12, 2007 1:15 pm

VIASPACE Inc. (VSPC.OB) CEO Gives Investors a Company Update on WallSt.net

Dr. Carl Kukkonen, Chief Executive Officer for VIASPACE, Inc. (VSPC.OB) briefed the investment community in an exclusive interview available on wallst.net.

Topics covered in the interview include an overview of the Company and the markets it serves, recent press releases, current capitalization, upcoming strategic and financial milestones.

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.

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Posted: Thu Jul 12, 2007 1:16 pm

VIASPACE, Inc. (VSPC.OB) Is Well Positioned in the Direct Methanol Fuel-Cell Market

VIASPACE is well positioned with its many technology patents from Caltech. The company is a key player in the very promising methanol fuel cell market, as they are one of the few qualified sources of methanol fuel cartridges targeting the large direct methanol fuel-cell focused OEMs.

Methanol has a higher energy density then hydrogen, and as a result it can store a greater amount of energy in a tighter space. Hydrogen cannot be fed directly into the fuel cell which consequently requires complicated catalytic reforming. Since methanol does not have this disadvantage, it is easier to manage and doesn’t demand to be stored at high pressures and low temperatures.

Investors are taking notice of methanol fuel cell technology because of the technical advantages. VIASPACE is looking strong for future growth as it continues to secure intellectual rights.

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Posted: Thu Jul 12, 2007 1:17 pm

VIASPACE, Inc. (VSPC.OB) Opens up Asian Market with Teaming Agreement

VIASPACE and e-Fuel Cell Technologies Sdn Bhd, of Malaysia have signed an agreement which will market and distribute VIASPACE’s software, test equipment, fuel cell cartridges and other fuel cell products across Asia.

VIASPACE CEO, Dr. Carl Kukkonen, stated “Our teaming agreement with e-Fuel Cell Technologies is a perfect example of VIASPACE’s execution of its global business strategy. We are partnering with top companies around the globe that have a good reputation and the trust of customers in their own markets. e-Fuel Cell Technologies has a significant presence in Malaysia and throughout SE Asia.”

e-Fuel Cell Technologies distributes an array of consumer electronic and fuel cell products for major companies, universities, truck manufacturers and transportation operators. VIASPACE is honored to have a relationship with a company with such strong marketing capabilities, and the trust of many commercial customers.

The CEO of VIASPACE will be presenting the company’s innovative disposable fuel cartridge strategy for fuel cell-powered portable electronics at the Asia Battery/Fuel Cell Markets event in Singapore on May 29th. The current battery technology cannot keep up with the increasing power demands from portable devices, and micro fuel cell technology has enormous potential to meet the consumers’ needs for increased power, longer run times and safer power for their devices.

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Posted: Thu Jul 12, 2007 1:18 pm

VIASPACE Inc. (VSPC.OB) Teams with Malaysian Firm, to Leverage its Technology Across Asia, as Part of its Global Business Strategy

VIASPACE Inc. (VSPC.OB), reports that it is teaming with the Malaysian firm, e-Fuel Cell Technologies, to leverage its patent protected technology across Asia.

e-Fuel Cell Technologies is a supply chain manager and distributor of a wide variety of consumer electronic and fuel cell products for major companies, universities, truck manufacturers and transportation operators in Malaysia. e-Fuel Cell Technologies CEO Yiap Tea Sin visited VIASPACE in April 2007 to view the VIASPACE/DMFCC product lines and to finalize the teaming agreement.

Dr. Carl Kukkonen, VIASPACE CEO, stated “Our teaming agreement with e-Fuel Cell Technologies is a perfect example of VIASPACE’s execution of its global business strategy.”

He continued, “We are partnering with top companies around the globe that have a good reputation and the trust of customers in their own markets. e-Fuel Cell Technologies has a significant presence in Malaysia and throughout SE Asia.

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Posted: Thu Jul 12, 2007 1:19 pm

VIASPACE, Inc. (VSPC.OB) Subsidiaries have been Awarded Key Government Contracts

VIASPACE, along with its predecessor company subsidiaries, have already signed over $30 million in contracts and venture capital funding. Some of these investors include Hewlett Packard, Divine InterVentures, Itochu, Los Angeles County Community Development Commission, Blueprint Ventures, and The United Company.

In October, VIASPACE’s subsidiary, Ionfinity, signed a Phase II STTR contract to develop a soft ionization membrane to be used as a micro ion engine for micro and nano satellite station keeping, and in August it was awarded a Phase I STTR contract from the US Navy to develop a miniaturized chemical sensor system which is capable of detecting chemical and biological weapons.

One of the company’s other subsidiaries, Arroyo Sciences, was given a contract to indirectly supply sensor data fusion software for a US Department of Homeland Security program.

The company shows its great importance with these and other contracts, as it strives to increase revenue 250% this year.

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Posted: Thu Jul 12, 2007 1:20 pm

VIASPACE, Inc. (VSPC.OB) to present at Greenspace 2007

VIASPACE Inc, a company who commercializes technology from NASA and the US Department of Defense into hardware and software solutions, has been invited to present at GreenTech 2007 on June 14, 2007. Greentech is an event that showcases companies from the greater LA region whose inventions will impact global sustainability for the next 50 years.

VIASPACE CEO Dr. Carl Kukkonen will present on behalf of VIASPACE’s subsidiary, Direct Methanol Fuel Cell Corporation. The presentation will be titled “Fuel Cells and Fuel Cartridges to Power Portable Electronics: Who will buy a fuel cell powered laptop unless the fuel is readily available?”

Direct Methanol Fuel Cell Corporation develops, manufacturers, distributes, and obtains certification for disposal of methanol fuel cartridges to provide the energy source for laptops, cell phones, and other portable electronic devices.

Other presenters at GreenTech include Bill Gross, founder of Idealab; Caltech Professor Nathan Lewis; William Tumas of Los Alamos National Laboratory; and Dr. Michael Giardello, CEO of Materia. The conference will also feature a panel of venture capitalists from Kleiner, Perkins, Caulfield & Byers, Mohr Davidow Ventures, Battery Ventures and TPG Growth.

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Posted: Thu Jul 12, 2007 1:20 pm

VIASPACE Inc. (VSPC.OB) Invited to Present at GreenTech 2007 Conference

VIASPACE Inc. (VSPC.OB), reports that the Company has been invited to present at GreenTech 2007.

Co-hosted by the Caltech Office of Technology Transfer and Entretech and set to take place at the Hilton Hotel in Pasadena on June 14, 2007, GreenTech is a day-long event that will showcase companies emerging from academic powerhouses Caltech, UCLA and USC — and companies from the greater LA region, whose inventions will impact global sustainability for the next 50 years.

VIASPACE CEO Dr. Carl Kukkonen will present on behalf of the VIASPACE subsidiary Direct Methanol Fuel Cell Corporation. The presentation is titled: “Fuel Cells and Fuel Cartridges to Power Portable Electronics: Who will buy a fuel cell powered laptop unless the fuel is readily available?”

Scheduled presenters at GreenTech 2007 include Bill Gross, founder of Idealab; Caltech Professor Nathan Lewis; William Tumas of Los Alamos National Laboratory; and Dr. Michael Giardello, CEO of Materia. The conference will also feature a panel of venture capitalists from Kleiner, Perkins, Caulfield & Byers, Mohr Davidow Ventures, Battery Ventures and TPG Growth.

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Posted: Thu Jul 12, 2007 1:23 pm

VIASPACE, Inc. (VSPC.OB) Subsidiary Files Patent Application on Tamper Resistant Fuel Cartridges

VIASPACE announced that its subsidiary, Direct Methanol Fuel Cell Corporation (DMFCC), filed a patent for tamper resistant fuel cartridges that provide fuel for small electronic devices.

Dr. Carl Kukkonen, the CEO of both VIASPACE and the subsidiary stated, “With this patent application, we are adding to our existing large intellectual property portfolio on direct methanol fuel cells and cartridges to power them. Many of our potential customers are looking at very small fuel cell applications requiring cartridges holding as little as 6 mL of fuel. This is about the size of the AA battery, but stores 17 times more energy if the fuel is methanol. Fuel cell cartridges containing methanol or other liquids used in fuel cells have to be safe to handle and resistant to unwanted access, especially by children.”

Frost & Sullivan, a market research firm, is expected to report on the latest developments in the fuel-cell markets at the upcoming Asian Fuel Cell/Battery Markets conference in Singapore. In a previous report, the research firm stated that the fuel-cell market is expected to produce 72 million unit shipments by 2010 and quadruple that number by 2013.

Current battery chemistries are struggling to meet the increased demand for more powerful and longer lasting batteries to use in portable devices. Frost & Sullivan believes that micro fuel-cell technology has a significant advantage over batteries with enormous potential to meet the rising consumer demand.

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Posted: Thu Jul 12, 2007 1:23 pm

VIASPACE, Inc. (VSPC.OB) Received Patents Position the Company as a Leader in the Fuel Cell Industry

VIASPACE holds more then 100 licensed and proprietary patents which have been filed after years of cutting-edge government R&D and investment from the California Institute of Technology, operator of NASA’s Jet Propulsion Laboratory.

The company has also filed for more patents including the most recent one which applies tamper resistant technology to its micro-fuel cells. Current battery chemistries are struggling to meet the increased demand for more powerful and longer lasting batteries to use in portable devices. VIASPACE’s methanol fuel cells store approximately 17 times more energy in the same amount of space as a AA battery.

Frost & Sullivan, a market research firm, believes that micro fuel-cell technology has a significant advantage over batteries with enormous potential to meet the rising consumer demand. The research firm projects that the fuel cell industry will produce 72 million unit shipments by 2010 and quadruple that number by 2013.

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Posted: Thu Jul 12, 2007 1:23 pm

VIASPACE, Inc. (VSPC.OB) Adds the University of Connecticut to Its Growing List of Customers

VIASPACE announced this morning that it has increased its sales base by expanding into the University market after the University of Connecticut ordered its humidity sensor. The University is engaged in fuel cell R&D which is funded by federal, state and local governments in addition to major corporations.

The VIASENSOR HS-1000 humidity instrument provides real-time measurements of the amount of water vapor in gas streams. The sensor is extremely important as the performance of hydrogen fuel cells using a Polymer Electrolyte Membrane (PEM) depend on the moisture level.

The CEO of VIASPACE, Carl Kukkonen stated, “We are delighted to add the University of Connecticut to our growing list of VIASENSOR HS-1000 customers. We are aware that several hundred leading universities around the globe are engaged in some level of fuel cell research. With this new leading edge technology, the research staff at University of Connecticut will be able to utilize the HS-1000 instrument to directly measure the humidity level in real-time. This should help them more rapidly optimize fuel cell designs for various government and commercial research programs in which they may be engaged.”

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Posted: Tue Jul 17, 2007 10:40 pm

VIASPACE Inc. (VSPC.OB), Share Price Rises as Volume Continues Upward

VIASPACE Inc. (VSPC.OB), share price rose 4.48% today on increasing volume for the third straight trading day. VIASPACE is a company that transforms proven space and defense technologies from NASA and the Department of Defense into hardware and software solutions, recently announced that it continues to increase its sales base, expanding into the University market with an order from the University of Connecticut.

This can be viewed as bullish news for the company. The University of Connecticut is among some 400 to 500 universities in the United States and other countries actively engaged in fuel cell research and development, many through grants from federal, state and local governments, or in joint projects funded by major corporations. These numbers show how broad the range in the University sector is available for VIAZPACE to tap into.

The performance of hydrogen fuel cells using a Polymer Electrolyte Membrane (PEM) depends on the moisture level of the membrane. The membrane only conducts protons when it is hydrated or moist. The moisture is provided by water vapor in the incoming air or hydrogen stream. The VIASENSOR HS-1000 humidity instrument will provide real-time measurements of the amount of water vapor in these gas streams.

Posted: Tue Sep 25, 2007 9:28 pm

Viaspace, Inc (VSPC.OB) to Benefit from “Methanol Fuel Cells and Cartridges on Airplanes” Proposal

Viaspace Inc (VSPC.OB), a leading technology company, discussed the benefits relating to the recent US Department of Transportation approval for Methanol Fuel Cells and Cartridge use on airplanes earlier today.

This decision would allow for any airplane passengers to be granted the ability to carry micro fuel cells and methanol fuel cell cartridges without reservation on their flight. Passengers would be able to power their notebook computers and other electronic devices for an extended period of time through the use of such devices. A strain for traveler is short electronic battery life, and this measure effectively counteracts such an unwanted facet of travel.

The proposed rules, already passed by one body of legislation, were made available in the Federal Register on September 20, 2007. This rule, once finalized, would make US transport regulations consistent with global regulations adopted by the International Civil Aviation Organization.

The CEO of Viaspace stated “This is a major step toward commercialization of micro fuel cells, and will help the entire fuel cell industry move forward. Fuel cells are important part of global alternative energy and green energy strategies,” reports VIASPACE CEO Dr. Carl Kukkonen. “Our subsidiary company Direct Methanol Fuel Cell Corporation produces fuel cartridges for micro fuel cells. These disposable methanol fuel cartridges provide the liquid energy source which the fuel cell converts into electricity to power a notebook computer or mobile phone”

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Posted: Mon Oct 08, 2007 9:51 am

Viaspace, Inc. (VSPC.OB) Division Receives Additional Funding

Viaspace announced this morning that its subsidiary, Viaspace Security, has received funding on its contract from L3 Communications for the integration of software, the integration of hardware and final testing of the Advanced Container Security Device (ACSD). The ACSD program is funded by the US Department of Homeland Security.

Viaspace Security is actively pursuing port and container security opportunities as part of its overall objective to develop high-performance, real-time inference and sensor data fusion-based solutions leveraging SHINE technology. The division has an exclusive license from Caltech to commercialize the SHINE engine technology for major applications including maritime security, homeland defense and diagnostics/prognostics.

The United States relies on 13 to 15 ports to handle its imports and exports, which total to over $1.3 billion worth of goods moving in and out of US ports every day. Approximately 2 billion tons of cargo are moved annually and it has been estimated that the number will double in the next 15 years.

AJ Abdallat, President of VIASPACE Security, commented, “We are delighted to be continuing our efforts in support of L3 Communications and the Department of Homeland Defense on this critical port and container security program. We see this as a tremendous opportunity for VIASPACE Security. We believe that our sensor data fusion technology will play a key role in technology solutions to improve the security of seaports and cargo worldwide. We are also using our proprietary technology and system design capabilities to develop leading edge maritime security solutions and establish a leadership position in this growing market.”

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Posted: Mon Oct 26, 2009 2:49 pm

VIASPACE, Inc. (VSPC.OB) Subsidiary Reports Increasing Sales, Expanded Distribution of Framed Art

VIASPACE Inc. announced earlier today that its framed-art subsidiary Inter-Pacific Arts (IPA) signed sales contracts with four new customers. These customers included two large furniture chain-retailers on the East Coast and two high-volume furniture wholesalers that sell through catalogs and outlet stores. Shipments are anticipated to begin before this year’s holiday season.

According to the press release, the subsidiary is also in discussions with other retailers and wholesalers, including “big box” wholesale-to-the-public membership clubs.

IPA realizes that the economic downturn has affected all areas of consumer spending. However, the subsidiary’s commitment to increasing its customer base is expected to enhance sales growth in future periods as economic activity and consumer spending recover.

IPA President Sung Chang stated, “We see the current situation as an opportunity to expand our distribution network. To realize this growth opportunity, we are increasing focus on our competitive strengths — high-quality artwork, product selection, and pricing — to not only attract new customers but also retain existing customers. Our ability to fulfill high-volume orders and make timely deliveries were also key factors in signing our newest customers. Overall, we feel our commitment to customers places IPA in an excellent position for long-term growth.”

VIASPACE Chief Executive Carl Kukkonen added, “Our framed art is of the highest quality, and each customer receives a unique product in terms of the art, mattes and frames. Furthermore, we guarantee that all royalties have been paid to the artists, which are important considerations for our customers and differentiate IPA from companies that mass-produce low-end framed art, or use unauthorized prints that violate copyright law. ”