VIASPACE Joins Agriculture Development Project in Africa
3,000-Acre Cultivation Plan Includes Giant King Grass, Potential as Dedicated Energy Crop for Electric Power Plant
Located south of the equator in
Chief Executive
Kukkonen added, “To support our primary business plan to generate recurring revenue streams from clean energy, we are pursuing long-term grass supply contracts with biofuel producers and clean power plants. For example, a 30-megawatt biomass-based electricity power plant requires 460 tons of Giant King Grass each day during its approximately 50-year expected life.”
About VIASPACE Inc.: VIASPACE is an alternative energy company providing products and technology for renewable and clean energy that reduce or eliminate dependence on fossil and other high-pollutant energy sources. The Company provides raw material for cellulosic biofuels and develops and markets fuel cell cartridges, products and technology. VIASPACE subsidiary Direct Methanol Fuel Cell Corporation owns a portfolio of fuel cell patents licensed from
Safe Harbor Statement: Information in this news release and include forward-looking statements. These forward-looking statements relate to future events or 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, without limitation, risks outlined in our periodic filings with the U.S. Securities and Exchange Commission, including Annual Report on Form 10-K for the year ended
SOURCE VIASPACE Inc.
