Thursday, August 21, 2008

(OTCBB:VSPC) VIASPACE, Inc.

RealPennies.com: (OTCBB:VSPC) VIASPACE, Inc.
Are you a public company looking for exposure?
Contact RealPennies.com - 1-646-417-8211

For more info: http://vspc.realpennies.com/

VIASPACE Subsidiary's $750,000 Army Contract for Robotic Detection of Chemical Warfare Agents and Explosives Featured in Defense News
Wednesday August 20, 8:30 am ET

PASADENA, Calif., Aug. 20 - VIASPACE Inc. subsidiary Ionfinity has been awarded a $750,000 Phase II contract for its proposal entitled "Advanced Robotic Detection of Chemical Agents, Toxic Industrial Gases, and Improvised Explosive Devices s for Force Health Protection" submitted to the Army Small Business Technology Transfer Program. The contract was recently featured in Defense News in an article entitled:
Sniffing Out Bombs From a Distance Sensor Will Sample Air, Measure Molecules By William Matthews Published: 18 August 2008
In that article, Mr. Mathews is quoted as follows, " ... The Army has hired several companies to build fast, super-sensitive detectors to protect soldiers. One of them, Ionfinity, says it plans to build a sensor capable of detecting roadside bombs from a distance of about 100 feet..."

Ionfinity's goal is to complete the process - sampling, ionizing, analyzing - in about six seconds. Ionfinity expects to have completed field demonstrations and be ready to begin production in about two years. The company received a $750,000 contract from the Army's Small Business Technology Transfer program.
Ionfinity's goal is also for its sensor to be able to transmit its findings wirelessly to troops waiting at a safe distance. NASA's Jet Propulsion Laboratory is among several organizations collaborating with Ionfinity.
James Weiss, Chief Technology Officer for Ionfinity indicated that, "This new sensor will change the paradigm used for future chemical detection and analysis, making it much more convenient, sensitive, selective and timely."

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 recently's complex problems, VIASPACE benefits from important patent and software licenses from Caltech, which manages NASA's Jet Propulsion Laboratory. VIASPACE is located in Pasadena California. For more information, please see http://www.VIASPACE.com, or contact Dr. Jan Vandersande, Director of Communications at 800-517-8050, or IR@VIASPACE.com.
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.

LAST $0.03 USD

Read our full disclaimer at: http://www.realpennies.com

Investors are advised that this analysis is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy. This report does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this information. The information contained herein is based on sources that we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. Past performance is no guarantee of future results. Please consult a broker before purchasing or selling any securities mentioned on
http://www.realpennies.com/content/view/42

Any opinions expressed herein are statements of our judgment as of the date of publication and are subject to change without notice. Reproduction without written permission is prohibited.

RealPennies .
Telephone: 1-646-417-8211
news /at/ realpennies.com

No comments: