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Technology Stocks : Viaspace Inc. -- Ignore unavailable to you. Want to Upgrade?

To: xcentral1 who wrote (32)	6/4/2009 9:34:55 AM
From: xcentral1	Read Replies (1) \| Respond to of 146

VIASPACE Joins Agriculture Development Project in Africa PR Newswire posted: 3 DAYS 1 HOUR AGOPrintShareText SizeAAA3,000-Acre Cultivation Plan Includes Giant King Grass, Potential as Dedicated Energy Crop for Electric Power Plant PASADENA, Calif., June 1 /PRNewswire-FirstCall/ -- VIASPACE Inc. (OTC Bulletin Board: VSPC), a clean energy company providing products and technology for renewable and alternative energy, today announced the signing of a memorandum of understanding with Auro Infra to develop an agricultural project in Tanzania based on Giant King Grass. Auro Infra is a private company registered in India and the project is led by Indians resident in Tanzania. Located south of the equator in Africa, Tanzania's climate is ideal for growing Giant King Grass, with plentiful rainfall and additional water available for irrigation. According to project plans, up to 3,000 acres will be planted with Giant King Grass, as well as sandalwood. While the grass will be used initially as feed for up to 5,000 head of cattle and sheep, the project group is examining the potential to use the grass as a dedicated energy crop to power an electrical generation plant. Chief Executive Carl Kukkonen commented: "VIASPACE is pursuing global opportunities to grow and commercialize Giant King Grass as a low carbon renewable energy source, but also as animal feed in the near term. We are now growing Giant King Grass on leased land in China and are also seeking opportunities like this project in Africa to grow grass in other regions where both agriculture and industry are being encouraged as keys to economic development." Kukkonen added, "To support our primary business plan to generate recurring revenue streams from clean energy, we are pursuing long-term grass supply contracts with biofuel producers and clean power plants. For example, a 30-megawatt biomass-based electricity power plant requires 460 tons of Giant King Grass each day during its approximately 50-year expected life."