Unedited news and product information from vendors.
VIASPACE Subsidiary Direct Methanol Fuel Cell Corporation and PolyFuel Initiate Methanol Cartridge Collaboration
Jun 30, 2008 (08:06 AM EDT)
PASADENA, Calif., June 30 /PRNewswire-FirstCall/ -- VIASPACE Inc. , announced today that its subsidiary Direct Methanol Fuel Cell Corporation (DMFCC) has received a purchase order from PolyFuel of Mountain View, California to assist with the design of disposable methanol fuel cartridges.
PolyFuel is a world leader in engineered membranes for fuel cells and has developed a new family of hydrocarbon membranes that exhibit performance characteristics never before simultaneously achieved with any other fuel cell membrane material. Leading Japanese and Korean consumer electronics companies rank PolyFuel's hydrocarbon membrane as the best portable fuel cell membrane available in the world today. PolyFuel also has DMFC stack and system technology, which it will share with its membrane customers as reference designs. Direct Methanol Fuel Cell Corporation and PolyFuel will collaborate in the design of a fuel cartridge for micro fuel cells using PolyFuel's membrane material.
VIASPACE through DMFCC designs and manufactures disposable fuel cartridges for portable electronics applications. DMFCC has cartridge manufacturing partners in Japan, Korea and the US. Disposable fuel cartridges are the consumable in the potential billion-dollar fuel cell cartridge business and cartridges represent a recurring revenue stream. DMFCC has licensed the extensive Caltech/ portfolio of direct methanol fuel cell related patents.
VIASPACE also manufactures and distributes fuel cell and battery test equipment and high-quality and safe rechargeable lithium-based batteries.
Carl Kukkonen, CEO of VIASPACE and DMFCC, commented, "We are pleased to begin this new collaboration with PolyFuel. We have known PolyFuel for many years and have the highest respect for their membranes and their fuel-cell design capabilities. We believe that our cartridge expertise coupled with their deep fuel cell knowledge will hasten micro fuel cell commercialization. We will use our internal expertise as well as that of our world class manufacturing partners, including SATO Group of Japan, Nypro of the U.S. and Tyco Electronics."
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. VIASPACE is located in Pasadena California. For more information, please see IR@VIASPACE.com, or contact Dr. Jan Vandersande, Director of Communications at 800-517-8050, or .
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.
Web site: http://www.viaspace.com/