VIASPACE Partner Strategy Works With Samsung
PASADENA, Calif., /PRNewswire-FirstCall/ -- VIASPACE Inc. (OTC Bulletin Board: VSPC) outlined the strategy that its Direct Methanol Fuel Cell Corporation (DMFCC) subsidiary is pursuing for the estimated multibillion-dollar market for disposable fuel cell cartridges.
Micro fuel cells are expected to replace batteries to power portable
electronic devices such as notebook computers and mobile phones. Disposable
fuel cartridges provide the fuel for these fuel cells which could power a
notebook computer for up to 10 hours, and a mobile phone for up to three
weeks. The fuel cartridges are disposable like AA batteries and represent a
recurring revenue stream. In contrast to batteries, cartridges are made of
recyclable materials.
VIASPACE and DMFCC CEO, Dr. Carl Kukkonen, states, "Major electronics
OEMs are pursuing fuel cells for their electronic devices, and fuel cell
powered notebook computers have been demonstrated by companies such as
Samsung and Toshiba. These companies are developing their own fuel cells.
DMFCC has developed the disposable fuel cartridges that consumers would
purchase in the aftermarket to power these devices. Our expertise is in
cartridge design and safety qualification, not high volume manufacturing.
DMFCC is a fab-less company that relies on our global network of cartridge
manufacturing partners that are already trusted, high quality suppliers to
the major OEMs. This trust has been built up over many years and is a big
asset to DMFCC."
DMFCC's team of key cartridge manufacturing partners around the globe
includes manufacturing giants Tyco Electronics and Nypro Corporation. The
SATO Group of Japan has been an early and key member of DMFCC's team. The
SATO Group specializes in precision high volume manufacturing of and has
existing supply chain relationships with major Asian consumer electronics
manufacturers.
In a separate press release, VIASPACE recently announced the successful
collaboration of DMFCC and the SATO Group in delivering sample methanol
fuel cell cartridges and valves to Samsung SDI. DMFCC used its expertise in
cartridge design and safety qualification, and the SATO Group manufactured
the cartridges and valves that were successfully integrated with Samsung
SDI fuel cells in a portable electronics application.
VIASPACE CEO Dr. Carl Kukkonen stated, "We are delighted that our
cartridges and valves have been able to meet Samsung's initial
requirements. This project involved extremely tight deadlines for several
months, and I'm quite proud of our team for meeting these milestones and
keeping Samsung's development project on schedule. I particularly want to
thank our manufacturing partner, SATO Group of Japan, for their outstanding
work."
Nobuo Sato, the CEO of SATO Group stated that, "We believe our company,
through our strong relationship with DMFCC, is in a solid position in
developing fuel cell cartridges. DMFCC's testing and certification
expertise combined with SATO Group's R&D capability, as well as our
manufacturing expertise, complement each other extremely well in this
evolving market. DMFCC and SATO Group are positioning themselves to capture
a significant portion of the estimated multibillion-dollar fuel cell
cartridge market."
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. For more information, please visit our website at
http://www.VIASPACE.com, or contact for Investor Relations, Dr. Jan
Vandersande, Director of Communications at 800-517-8050, or
IR@VIASPACE.com.
Micro fuel cells are expected to replace batteries to power portable
electronic devices such as notebook computers and mobile phones. Disposable
fuel cartridges provide the fuel for these fuel cells which could power a
notebook computer for up to 10 hours, and a mobile phone for up to three
weeks. The fuel cartridges are disposable like AA batteries and represent a
recurring revenue stream. In contrast to batteries, cartridges are made of
recyclable materials.
VIASPACE and DMFCC CEO, Dr. Carl Kukkonen, states, "Major electronics
OEMs are pursuing fuel cells for their electronic devices, and fuel cell
powered notebook computers have been demonstrated by companies such as
Samsung and Toshiba. These companies are developing their own fuel cells.
DMFCC has developed the disposable fuel cartridges that consumers would
purchase in the aftermarket to power these devices. Our expertise is in
cartridge design and safety qualification, not high volume manufacturing.
DMFCC is a fab-less company that relies on our global network of cartridge
manufacturing partners that are already trusted, high quality suppliers to
the major OEMs. This trust has been built up over many years and is a big
asset to DMFCC."
DMFCC's team of key cartridge manufacturing partners around the globe
includes manufacturing giants Tyco Electronics and Nypro Corporation. The
SATO Group of Japan has been an early and key member of DMFCC's team. The
SATO Group specializes in precision high volume manufacturing of and has
existing supply chain relationships with major Asian consumer electronics
manufacturers.
In a separate press release, VIASPACE recently announced the successful
collaboration of DMFCC and the SATO Group in delivering sample methanol
fuel cell cartridges and valves to Samsung SDI. DMFCC used its expertise in
cartridge design and safety qualification, and the SATO Group manufactured
the cartridges and valves that were successfully integrated with Samsung
SDI fuel cells in a portable electronics application.
VIASPACE CEO Dr. Carl Kukkonen stated, "We are delighted that our
cartridges and valves have been able to meet Samsung's initial
requirements. This project involved extremely tight deadlines for several
months, and I'm quite proud of our team for meeting these milestones and
keeping Samsung's development project on schedule. I particularly want to
thank our manufacturing partner, SATO Group of Japan, for their outstanding
work."
Nobuo Sato, the CEO of SATO Group stated that, "We believe our company,
through our strong relationship with DMFCC, is in a solid position in
developing fuel cell cartridges. DMFCC's testing and certification
expertise combined with SATO Group's R&D capability, as well as our
manufacturing expertise, complement each other extremely well in this
evolving market. DMFCC and SATO Group are positioning themselves to capture
a significant portion of the estimated multibillion-dollar fuel cell
cartridge market."
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. For more information, please visit our website at
http://www.VIASPACE.com, or contact for Investor Relations, Dr. Jan
Vandersande, Director of Communications at 800-517-8050, or
IR@VIASPACE.com.
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