VIASPACE Adds to Its Intellectual Property Portfolio

Discussion in 'UK Finance' started by Frank Buller, Jul 22, 2005.

  1. Frank Buller

    Frank Buller Guest

    VIASPACE Adds to Its Intellectual Property Portfolio

    Direct Methanol Fuel Cell Corporation Files Series of International Patents
    Covering Fuel Cartridges and Fuel Delivery Systems

    PASADENA, Calif., July 20 /PRNewswire-FirstCall/ --
    VIASPACE Inc. (OTC Bulletin Board: VSPC - News), a spin-off of NASA/Caltech's
    Jet Propulsion Laboratory that transforms proven space and defense technologies
    into hardware and software products that solve today's complex problems,
    announced today that it has further bolstered its intellectual property
    portfolio through the filing of a series of international patents covering
    fuel cartridges and fuel delivery systems for fuel cells by its subsidiary
    company Direct Methanol Fuel Cell Corporation (DMFCC). These fuel cartridges
    and fuel delivery systems enable laptop computers and other portable electronic
    devices to be powered by fuel cells, such as direct methanol fuel cells.
    The announcement was made by Dr. Carl Kukkonen, CEO of VIASPACE and DMFCC.

    Fuel cells are expected to gain a substantial market share because they offer
    longer operating time as compared to current lithium ion batteries and may be
    instantaneously recharged by simply replacing the disposable fuel cartridge.
    A US Fuel Cell Council report conducted by the Darnell Group predicts that
    105 million fuel cell powered electronic devices will be sold per year
    in 2011/2012. If each device uses two cartridges per month for their
    three-year lifetime, this is 7 billion cartridges per year. Direct methanol
    fuel cells are being developed for these applications by companies such as
    Toshiba, NEC, Hitachi and Sanyo in Japan, and by Samsung in Korea.

    "Fuel cells and fuel cartridges will give the consumer freedom from the
    electrical grid," stated Dr. Kukkonen. "VIASPACE and DMFCC are providing
    the necessary advances in fuel cartridges to facilitate widespread adoption
    of fuel cells for portable power applications such as laptop computers and
    mobile phones."

    The patent applications were filed by the leading intellectual property
    law firm of Fish & Richardson P.C.
    Frank Buller, Jul 22, 2005
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