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VIASPACE Signs New Deal to Distribute Fuel Cell Test Stations

Written by thomas · Filed Under Aeronautics News 

August 25, 2008

thomas

PASADENA, Calif., Aug. 25 /PRNewswire-FirstCall/ — VIASPACE Inc. (OTC
Bulletin Board: VSPC), a company that transforms proven space and defense
technologies from NASA and the Department of Defense into hardware and
software solutions, announced today that it has entered into an agreement
with WonATech of Korea for VIASPACE to sell and distribute WonATech’s fuel
cell test stations outside Korea.

Fuel Cell test stations that can test hydrogen, liquid and solid based
fuel cells are an expanding portion of the $54 Billion clean energy market.
WonATech offers sophisticated single and multi-channel fuel cell test
stations that represent high end products at attractive prices for fuel
cell and automotive manufacturers in Japan, Europe and the United States.
Hundreds of universities throughout the world are also engaged in fuel cell
research, but must deal with the reality of limited budgets when it comes
to equipment purchases.

Since its establishment in 1991, WonATech has concentrated its efforts
in the development of products related to electrochemical application.
Steadily supplying products in experimental research fields and industrial
sites, WonATech has played a leading role in this field of business. Their
product line includes potentiostats, battery cyclers, fuel cell test
stations, heating chambers, temperature monitors, voltage monitors and
associated software.

VIASPACE CEO Carl Kukkonen stated, “We are very pleased with this new
agreement, granting VIASPACE rights to distribute WonATech’s fuel cell test
station product line. This line of fuel cell test stations will be
attractive to many of the customers who have or will purchase the HS-1000
VIASENSOR, our real time laser based humidity sensor, such as Ballard or 3M
Corporation, along with the major automobile manufacturers who are
currently designing fuel cell powered vehicles.”

About VIASPACE: 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. For more
information, please see http://www.VIASPACE.com, or contact Dr. Jan
Vandersande, Director of Communications at 800-517-8050, or
IR@VIASPACE.com.

This news release includes forward-looking statements. These
forward-looking statements relate to future events or our future
performance and involve known and unknown risks, uncertainties and other
factors that may cause our actual results, levels of activity, performance
or achievements to be materially different from any future results, levels
of activity, performance or achievements expressed or implied by these
forward-looking statements. Such factors include the risks outlined in our
periodic filings with the U.S. Securities and Exchange Commission,
including our Annual Report on Form 10-KSB, for the fiscal year ended
December 31, 2007, as well as general economic and business conditions, the
ability to acquire and develop specific projects and technologies, the
ability to fund operations, changes in consumer and business consumption
habits, and other factors over which VIASPACE has little or no control.

SOURCE VIASPACE Inc.

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