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VIASPACE Energy Initiates Global Distribution of Battery Electrode Health Analyzer Product With Agreement in Korea
Thursday, May 08, 2008
PASADENA, Calif., May 8 /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 a distribution
agreement for its state of the art BA-1000 Battery Electrode Health Analyzer
product with WonATech Corporation of Seoul, Korea.
WonATech is a major distributor of high technology products including fuel
cell and battery test stations to companies and universities in Korea, with
additional distribution partners in Taiwan, China, Malaysia, India and Iran.
Improving the performance and safety of lithium batteries is a major
challenge for battery manufacturers and university researchers throughout the
world. Battery capacity and safety is limited by electrode changes during
charge and discharge cycles. The BA-1000 Battery Electrode Health Analyzer is
the first instrument developed to study these changes using a new, patent
pending, nondestructive technique, which enables continuous analysis over the
lifecycle of the battery.
VIASPACE CEO Carl Kukkonen stated, "WonATech is a well-known company in
Korea with distribution to several other countries throughout Asia, and we are
proud to have them as a partner to introduce our new VIASPACE Energy product
globally. We believe that the BA-1000 will help customers rapidly develop and
optimize new designs for rechargeable batteries for electronics, power tools
and electric 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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