VIASPACE Reports on $1.5 Million in Military Contracts
PR Newswire
Posted: 2008-10-22 08:30:00
PASADENA, Calif., Oct. 22 /PRNewswire-FirstCall/ -- VIASPACE Inc. (OTC Bulletin Board: VSPC) today provided an overview of the company's progress, highlighting its Ionfinity subsidiary's recent two year contracts from the U.S. Army and the U.S. Navy. These Phase II contracts represent an ongoing commitment by the U.S. military and are a milestone reached only by companies with top technical proposals.
In addition, VIASPACE Energy has recently reported that is has received a repeat multi-unit order for its HS-1000 VIASENSOR from a major automobile manufacturer, as well as a multi-unit order for the HS-1000 from a major manufacturer of instrumentation and test equipment as it gains market share in the $54 billion clean energy market.
Dr. Carl Kukkonen, CEO of VIASPACE, commented, "We are extremely pleased with Ionfinity's recent success in gaining two of our nation's military services as major customers on these competitively bid, multi-year contracts. Their agreement with our technical approach, along with the participation by Caltech, NASA's Jet Propulsion Lab and General Dynamics, lends tremendous third party validation of our recent hard work to get to this level of funded support. VIASPACE exhibits increasing progress and diversity as its subsidiaries continue to add additional impressive customers and partners."
Dr. Kukkonen continued, "We are also very pleased to have sold our VIASENSOR HS-1000 humidity sensor to two major Asian corporations in different fields of endeavor. The detailed and expensive comparison tests of all currently available humidity sensors by the automotive manufacturer prior to their repeat order for the HS-1000 and the in-house evaluation of and order for the HS-1000 and request for a quote on a second unit, the HS-2000, by the instrumentation manufacturer, again adds tremendous third party validation that we have something of value to offer to the fuel cell, automotive and instrumentation industries."
Dr. Kukkonen concluded, "We will be showcasing the HS-1000 at the upcoming Fuel Cell Seminar in Phoenix, AZ next week, along with our BA-1000 Lithium Battery Analyzer, our two new lines of Lithium Polymer and Lithium Ion batteries, as well as some of our recent fuel cell test station additions to our product line. Our booth will also feature Direct Methanol Fuel Cell Corporation's (DMFCC) line of direct methanol fuel cell cartridges, which we are currently building for Samsung, Polyfuel and others in the industry." |
