VIASPACE, Inc. (VSPC.OB) Subsidiary Signs Memorandum to Co-Develop Fuel Cells and Cartridges
VIASPACE, Inc. (OTCBB: VSPC) announced today that their subsidiary, Direct Methanol Fuel Cell Corporation (DMFCC), signed a memorandum of understanding with Suzuki Technology Private Limited of Singapore. The memorandum states that DMFCC will be given the rights to co-develop direct fuel cells and fuel cartridges for the multibillion-dollar notebook computer and portable electronics industries. VIASPACE and Direct Methanol Fuel Cell Corporation manufacture disposable fuel cartridges for portable electronic applications, and fuel cell and battery test equipment. The company also engages in selling high-end and consumer safe rechargeable lithium-based batteries. DMFCC has licensed the extensive Caltech/USC portfolio of direct methanol fuel…