VIASPACE CEO Update on Giant King Grass and Green Logs
IRVINE, Calif., Nov. 8, 2010
VIASPACE Inc. (OTC Bulletin Board: VSPC) -- a clean energy company growing Giant King(TM) Grass as a low-carbon, renewable biomass crop, today provided an update on business and technical progress.
Chief Executive Dr. Carl Kukkonen stated, "I just returned from spending most of October in Asia where I visited the plantation and conducted several tours for potential customers. Visiting the plantation and seeing Giant King Grass in person is an important part of their due diligence. Most of our business discussions are covered by confidentiality agreements and we are not free to name specific companies. We only offer plantation tours to qualified parties that have signed a confidentiality agreement."
Below is a brief summary of activities during the last two months.
VIASPACE developed proposals for Giant King Grass as a fuel for biomass electricity power plants in India, Africa, China and the US
Pursuing energy pellet production partnerships in Indonesia, Africa and Southeast Asia for export to the European market
In negotiations for Giant King Grass for biogas electricity production in Thailand
Signed multiple Nondisclosure and Non-Circumvention Agreements with potential customers worldwide
Held a teleconference with a leading global consumer product company that is planning to replace petroleum-based chemicals and plastics used in their pharmaceutical, cleaning supply and personal care products by biochemicals and bio plastics
VIASPACE agronomists from the US and China worked at Giant King Grass plantation in China. They confirmed the high yield of Giant King Grass and are optimizing agronomic practices for sustainable cultivation
CEO hosted a series of customer tours of the plantation in China for representatives from China, US, India, Singapore and Australia
Met with and signed confidentiality agreement with international project development firm that is developing power plant projects in Southeast Asia. The firm also toured the plantation in China
Provided Giant King Grass samples for analysis of suitability for biofuel (cellulosic ethanol) production to companies in US, England and Denmark
Provided Giant King Grass sample for biogas production to companies in Thailand in Germany
CEO made technical presentations at two conferences in China. Newspaper story with picture in Shenzhen Daily and story in Shenzhen Economic daily.
A container of Green Log(TM) fireplace and campfire logs was shipped from China and is expected to arrive in the US in mid-November
Kukkonen continued, "I believe that Giant King Grass exceeded the expectations of the potential customers that visited the plantation. Seeing is believing. No customer has seen an energy crop that is anywhere near as productive as Giant King Grass. Furthermore, our agronomists are very familiar with switchgrass, miscanthus, Arundo Donax, sugarcane, bana and elephant grass. Giant King Grass has much higher yield in terms of tons per acre than any of these. High yield means low cost, and this is the main attraction for customers, along with reliability of supply." |
