Home  |  Contact Us  |  Join our Mailing List
Viaspace Home Page OTCQB Stock Symbol: VSPC
Current Price: $
Full Stock Quote

VIASPACE Press Release

VIASPACE’s New Lithium Batteries for Light Electronic Vehicles Begin Evaluation By Customers


PASADENA, CA.-August 18, 2008-VIASPACE Inc. (OTCBB: VSPC), a company that transforms proven space and defense technologies from NASA and the Department of Defense into hardware and software solutions, announced today that its Light Electric Vehicle (LEV) battery pack is now available for sale. The first battery pack has been delivered for evaluation to an electric bike (eBike) manufacturer. The pack is based on special cells produced by VIASPACE partner, Yoku of Hong Kong. Until now, most eBike batteries have been made from lead-acid cells similar to those used to start automobiles. Lead acid cells are heavy, bulky, and need to be replaced often. The VIASPACE Lithium Polymer batteries are four times lighter, and nearly three times smaller than lead-acid batteries, and they also demonstrate much greater life. This weight and space savings is critical to eBike handling and style, providing users with a powerful boost while keeping the eBike light, good looking, and easy to handle. A single small battery pack yields a 40 mile range, and a pack the size of the current lead acid battery will yield over 100 miles. The eBike can be simply recharged by plugging in to a standard electrical plug.

The first target for VIASPACE eBike batteries in this $6 Billion industry, expected to grow four fold over the next two years according to industry sources, will be an advanced folding "commuter" bike that is small enough to be folded and taken on trains and in car trunks. In this application, light weight and small size are critical. VIASPACE eBike batteries are also under test for use in both mountain and street eBikes.

Carl Kukkonen, CEO, stated, "We believe that eBikes and other light electric vehicles will see rapid adoption. VIASPACE is pleased that we have been selected for evaluation in this rapidly growing market segment. We are providing our customers with safe batteries with excellent performance at a good price, as well as fuel cell technology and instrumentation. All of this is part of our expanded focus on a broadened range of clean, renewable energy solutions."

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. For more information, please see www.VIASPACE.com, or contact Dr. Jan Vandersande, Director of Communications at 800-517-8050, or [email protected]

Press contact: Dr. Carl Kukkonen 626-768-3360
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.