"We will continue to build our fuel cell cartridge business, which has great potential," Kukkonen said. "However, our added focus on agriculture products as a renewable energy source diversifies our base for growth and also broadens the universe of potential investors in VIASPACE."
Kukkonen reiterated that the Company is now growing Giant King grass in China and plans to initially sell to the animal feed market and later to producers of biofuels such as cellulosic ethanol, biocrude and green gasoline. Therefore, while biofuels are VIASPACE's primary and large market opportunity for the grass, the Company is positioned for more immediate revenues while biofuel plants and infrastructure are being built."
Commenting on VIASPACE's revenue outlook, Kukkonen added that the Company's restructured operations and new business strategy are expected to achieve revenue growth in 2009, with revenues from its renewable and clean energy businesses achieving greater visibility in 2010 and becoming the dominant source of total revenues by 2011.
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 high-risk-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 Pasadena-based
|SOURCE VIASPACE Inc.|
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