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| USA: VIASPACE CEO Reports Progress on Commercialization of Direct Methanol Fuel Cells Within the $55 Billion Clean Energy Sector
15
May
2008
VIASPACE Inc. (OTC
Bulletin Board: VSPC) CEO, Dr. Carl Kukkonen, reports that Sony unveiled
its previously secret direct methanol fuel cell at the recent Small Fuel
Cells 2008 conference in Atlanta. In addition, Samsung publicly
acknowledged its cartridge partnership with VIASPACE subsidiary Direct
Methanol Fuel Cell Corporation (DMFCC) at the conference. IDG News Service
reported on May 9, 2008 that, "Toshiba plans to begin mass production of
direct methanol fuel cells by March next year." These announcements
demonstrate the progress in commercialization of direct methanol fuel cells
within the $55 Billion Clean Energy Sector.
VIASPACE and DMFCC manufacture disposable fuel cartridges for portable
electronics applications, and fuel cell and battery test equipment.
VIASPACE also sells high-quality and safe rechargeable lithium-based
batteries.
About 300 global technology leaders attended the three-day 10th annual
Small Fuel Cells conference which focused on small and portable fuel cells
and fuel cells hybridized with rechargeable batteries for commercial and
military applications. Attendees included representatives from large
companies such as Samsung, Sony, DuPont, Energizer, Motorola, Honeywell,
Toshiba, 3M, as well as many smaller companies and universities. Many
technologies were discussed, but the largest number of talks were on direct
methanol fuel cells including presentations by Sony, Samsung, DMFCC, Smart
Fuel Cell, PolyFuel and Cabot.
Dr. Kukkonen comments on the conference, "In the session where I gave a
talk, Sony revealed that they had been working in secret for several years
on direct methanol fuel cells. They showed impressive data and said that
their commercial target was Sony hand-held portable electronics such as
mobile phones, digital cameras, game consoles and Walkmans. Sony revealed
itself as a player for the first time and captured a lot of attention. They
emphasized that their solution was a fuel cell hybridized with a small
battery for optimum performance. DMFCC fully agrees with this approach, and
VIASPACE has the batteries needed for hybridization."
"Samsung followed Sony on the program and reported on the results of
their extensive testing of direct methanol fuel cells and stacks under a
wide range of environmental and user conditions. The Samsung presentation
showed that they are at the later stages of development toward
commercialization, gathering data and statistics on performance, stability
and reliability."
Kukkonen continued, "We were gratified that Samsung acknowledged its
partnership with DMFCC on fuel cartridges. DMFCC and its Japanese partner,
Sato Group, provided the cartridges to Samsung for their system testing. My
talk was on creating the global infrastructure for cartridge manufacturing
and distribution. I was pleased to be able to announce the April 30, 2008
ruling by the US Department of Transportation allowing airline passengers
and crew to hand carry on methanol fuel cells and cartridges. This is an
important breakthrough for the industry."
On May 9, 2008 IDG News Service reported Toshiba's aggressive midterm
management plan to dramatically increase corporate profits. According to
IDG, "Thursday's announcement represents Toshiba's strongest commitment yet
to getting DMFCs out of the door. Toshiba has set aside a portion of its
capital expenditure to build a DMFC production line and products are now
expected in their current fiscal year, which is the period that ends in
March 2009."
About VIASPACE: Originally 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.
Organization name: VIASPACE Inc. E-mail: IR@VIASPACE.com. Phone: 800-517-8050 Country: USA Web: http://www.VIASPACE.com
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