VIASPACE Inc announces grant of fuel cell patent licensed by its subsidiary in Europe

Tue. September 09, 2008; Posted: 06:21 AM

Sep 09, 2008 (M2 EQUITYBITES via COMTEX) -- VSPC | Quote | Chart | News | PowerRating -- VIASPACE Inc (OTC BB: VSPC.OB), which commercialises space and defence technologies from NASA and the department of defence into hardware and software products and applications, revealed on 8 September that patent EP 0 755 576 B1 for an organic fuel cell and methods of operation and methods of manufacture thereof, licensed from Caltech and the University of Southern California by VIASPACE subsidiary, Direct Methanol Fuel Cell Corporation (DMFCC), has been granted in Europe, specifically Germany, Spain, France, Great Britain, Italy, Netherlands and Sweden. DMFCC's fuel cells cartridges offer longer operating time as compared to current lithium ion batteries and may be recharged instantly by simply replacing the disposable fuel cartridge and are therefore are in a position to gain a market share of a USD3bn projected industry volume in portable electronics.

OEMs have announced that direct methanol fuel cells for portable electronic applications are being developed.

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