Three Key Subsidiary Businesses
Direct Methanol Fuel Cell Corporation
VIASPACE subsidiary Direct Methanol Fuel Cell Corporation
(DMFCC) focuses on producing disposable fuel cartridges
containing liquid fuels, such as methanol, to provide the
energy source for laptop computers, cell phones and other
portable electronic devices powered by direct methanol fuel
cells. The company is also a provider of intellectual
property protection for manufacturers of direct methanol and
other liquid hydrocarbon fuel cells.
The direct methanol fuel cell was invented and developed
at the Caltech/NASA Jet Propulsion Laboratory and the
University of Southern California and is protected by more
than 56 issued and 62 pending patents worldwide. DMFCC has
license rights to the Caltech intellectual property
portfolio for direct liquid hydrocarbon fuel cells
(including direct methanol fuel cells, DMFC), electrode
construction, membrane electrode assemblies (MEAs), fuel
cell systems, methanol sensor and filter, electrolysis of
methanol to form hydrogen, and methanol fuel cartridges.
Caltech and USC are founding shareholders in DMFCC.
DMFCC's expertise is in cartridge design, safety
certification and marketing. The company is developing
global manufacturing and distribution capabilities through a
network of partners. Fuel cartridges are expected to
represent a recurring revenue source for the company. A
notebook computer or cell phone powered by a fuel cell is
expected to use 72 or more disposable fuel cartridges over
the lifetime of the device.
DMFCC is working in Japan and Asia to develop
manufacturing and distribution partnerships and customer
relationships for its methanol fuel cartridge products. The
company has two cartridge manufacturing partners in Korea,
and recently announced the execution of a cartridge design
and certified manufacturer agreement with Seed Corporation
of Tsu-city in Mie Prefecture, Japan.
Methanol fuel cells are replacements for traditional
batteries and are expected to gain a substantial market
share because they offer operating time two to three times
longer than current lithium ion batteries, are
environmentally friendly and may be instantaneously
recharged by simply replacing the disposable fuel cartridge.
Fuel cell powered electronics devices including laptops,
cell phones and PDAs are expected to be introduced into the
marketplace by major electronic product manufacturers in
2007. Direct methanol fuel cell products are being developed
for these applications by companies such as Samsung and LG
in Korea, and by Toshiba, NEC, Hitachi and Sanyo in Japan.
According to analysts at Freedonia Group commercial
demand for fuel cell products and services, including
revenues associated with prototyping and test marketing
activities, will increase nearly sevenfold to $2.6 billion
in 2009. By 2014, those revenues are expected to reach $13.6
billion. Portable electronics applications are projected to
register the strongest gains over the next 10 years.
With state of the art proprietary products, a global
manufacturing network, and a comprehensive suite of
fundamental fuel cell patents, DMFCC has a mechanism in
place to advance this exciting new technology.
Arroyo Sciences
Arroyo Sciences, a wholly owned subsidiary of VIASPACE,
is a pioneer in new technologies, products and services
based on inference and sensor data fusion technology. Sensor
fusion combines data, observations, and inferences derived
from multiple sources and sensors to generate reliable
decision-support information in critical applications where
solution speed and confidence is of the utmost importance.
Arroyo Sciences sensor fusion application platform allows
for the intelligent use of large volumes of real-time sensor
data and enables an entirely new generation of applications
that up until now were considered to be prohibitively
expensive and difficult.
The company is building on a cache of intellectual
property developed at NASA/JPL and licensed from Caltech, as
well as its own internal development efforts. This includes
a commercialization license to a real-time inference engine
(software platform) called SHINE that was originally
developed and used by NASA/JPL for space flight operations.
Technology under development by Arroyo Sciences can
potentially enable commercial instruments to detect
concealed IEDs and other concealed weapons worn by suicide
bombers. This application is directed at homeland security
and defense markets. Related applications can utilize this
technology to detect pilfered industrial items or other
contraband concealed beneath a person's clothing.
Arroyo Sciences' system analyzes contents of air and
seaport cargo containers and assists location of unexploded
ordnance (UXO). These capabilities were validated and
certified by analyzing remediation survey data from former
defense sites at McKinley Range, Umatilla and Camp Simms.
VIASPACE recently announced that Arroyo Sciences has
entered into a contract with L-3 Communications, Security
and Detection Systems, to provide sensor data fusion
software and its SHINE inference engine technology for the
Advanced Container Security Device project, under a contract
award to L-3 by the US Department of Homeland Security. The
Advanced Container Security Device (ACSD) project aims to
develop the next generation of maritime cargo container
security.
As part of the L-3 engineering team on ACSD, Arroyo
Sciences will provide software using advanced algorithms and
methods for detecting container breaches. The Arroyo
Sciences software incorporates its Active State Model, and
sensor data fusion technology based on the SHINE inference
engine. Arroyo Sciences has an exclusive license to SHINE
for the container security and other applications.
Ionfinity LLC
Ionfinity, a subsidiary in which VIASPACE holds a 46.3%
membership interest, is developing mass spectrometry
technology for industrial process control, homeland security
and national defense applications. Ionfinity has a contract
with the US Navy to develop a portable mass spectrometer to
detect industrial chemicals and chemical warfare agents in
air and water samples. The company also has a contract with
the US Air Force to apply the soft ionization membrane
technology to electric propulsion for nano satellites.
Recently Ionfinity was awarded a Phase I STTR contract by
the US Army to design and prototype a field portable,
highly-efficient, integrated system for detection and
identification of chemical agents such as industrial toxic
gases and chemical components of Improvised Explosive
Devices (IEDs). The system is planned to be integrated with
one of the Army's unmanned ground vehicles intended for
medical force health protection and combat casualty care
missions.
Ionfinity is teamed with the NASA Jet Propulsion
Laboratory and Imaginative Technologies LLC, which has
developed a miniature Differential Mobility Spectrometer.
This spectrometer has already demonstrated detection of
airborne chemicals such as chlorocarbons and explosives
including TNT, nitroglycerin and plastic explosives at low
levels. The Ionfinity system would be validated for chemical
agent detection by the Edgewood Chemical Biological Center
at the Aberdeen Proving Grounds, Maryland as part of Phase
II of this STTR project.
Intellectual Property, Patents
In addition to its active subsidiaries Patent holdings
and technology licensing agreements, VIASPACE Inc. owns
additional intellectual property in the following areas:
Interactive Radio Technology (e-CARmerce)
Patent Number 6,628,928--Internet-based interactive radio
system for use with broadcast radio stations
Interactive radio enables consumers to interact with all
forms of content that they hear on their car radios.
Interactive radio proprietary technology will transform
broadcast radio into an interactive and direct response
medium. With a voice command or one touch of a button in
their car, consumers will be able to make purchases and to
respond to advertising they find interesting and receive
responses through both an email and secure personal website
delivered to their desktop.
VIASPACE also owns
5,689,245 Integrated communications terminal
5,455,823 Integrated communications terminal
5,303,393 Integrated radio satellite response system and
method
ViaChange – Computation for fixed income
instruments
Patent Number 6,778,968--Method and system for
facilitating opportunistic transactions using auto-probes
ViaChange represents software technologies focused on
fixed and secondary market financial instruments. ViaChange
developed numerous patented and patent-pending unique
business tools with proprietary underlying technology.
ViaChange developed sophisticated models and software for
rapidly assessing the profitability of complex portfolios of
fixed and secondary market instruments and computational
models that address all aspects of portfolio trading and
turnover.
Recent News
and Press Releases
• VIASPACE Teaming With Raytheon Is Strategic
PR Newswire (Tue, Dec 5)
• Raytheon and VIASPACE to Team on Security Applications
PR Newswire (Mon, Dec 4)
• CEO to Present at Middle East Fuel Cell Conference
PR Newswire (Thu, Nov 30)
• Ionfinity Patent Allowed
PR Newswire (Mon, Nov 27)
• VIASPACE, Inc. Analyst Report
PR Newswire (Tue, Nov 21)
• Direct Methanol Fuel Cell Corporation Adds Vice President
of Operations and Testing
PR Newswire (Mon, Nov 20)
• VIASPACE Announces Third Quarter Financial Results
Including Higher Revenues
PR Newswire (Thu, Nov 16)
• Nypro Signs Cartridge Manufacturing Agreement With Direct
Methanol Fuel Cell Corporation
PR Newswire (Tue, Nov 14)
• VIASPACE & Direct Methanol Fuel Cell Corporation to
Exhibit at the Fuel Cell Seminar
PR Newswire (Fri, Nov 10)
• VIASPACE Announces Private Financing of Up to $23.8
Million
PR Newswire (Wed, Nov 8)
Management Team
Dr. Carl Kukkonen - Chief Executive Officer
Dr. Kukkonen served as CEO of ViaSPace Technologies LLC,
the predecessor company of VIASPACE Inc., from its founding
in 1998. ViaSpace Technologies incubated several companies
based on technologies developed at the NASA Jet Propulsion
Laboratory and patents and software licensed from Caltech.
A.J. Abdallat - Chief Operating Officer
Mr. Amjad Abdallat is a co-founder of VIASPACE.
Previously he was Chief Operating Officer of ViaSpace
Technologies LLC. Mr. Abdallat also serves as President and
Chief Operating Officer of Arroyo Sciences, a VIASPACE
subsidiary focused on homeland security, public safety and
software-based commercial security applications.
Stephen J. Muzi - CFO and Treasurer
Mr. Stephen J. Muzi is responsible for all accounting,
financial reporting, treasury and budgeting activities. He
is also responsible for ensuring that proper internal
financial controls exist and that procedures are in place to
safeguard company assets. Mr. Muzi joined ViaSpace
Technologies LLC as Controller in 2000.
Contacts
Head Office
2400 Lincoln Ave
Pasadena, CA 91001
(626) 296-6310
Investor Relations:
(888) 359-9558
IR@VIASPACE.com
SEC Filings
VSPC filings with the SEC can be found
here.
All Fillings are current and the Company is fully reporting.
FORWARD LOOKING STATEMENTS
This report includes forward-looking statements that
reflect VIASPACE, Inc. current expectations about its future
results, performance, prospects and opportunities. VIASPACE,
Inc. has tried to identify these forward-looking statements
by using words and phrases such as "may," "will," "expects,"
"anticipates," "believes," "intends," "estimates," "plan,"
"should," "typical," "preliminary," "we are confident" or
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could cause VIASPACE, Inc.'s actual results, performance,
prospects or opportunities to differ materially from those
expressed in, or implied by, these forward-looking
statements. These risks, uncertainties and other factors
include, without limitation, the Company's growth
expectations and ongoing funding requirements, and
specifically, the Company's growth prospects with scalable
customers, and those outlined above. Other risks include the
Company's limited operating history, the Company's history
of operating losses, consumers' acceptance, the Company's
use of licensed technologies, risk of increased competition,
the potential need for additional financing, the terms and
conditions of any financing that is consummated, the limited
trading market for the Company's securities, the possible
volatility of the Company's stock price, the concentration
of ownership, and the potential fluctuation in the Company's
operating results.
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