Viaspace Inc (VSPC.OB) Shares Rise over 11% Tuesday Afternoon
Shares of Viaspace Inc (VSPC.OB) rose 11.11% during Tuesday's trading hours. Investors and traders alike have reacted positively towards the company as several prevalent developments have taken place during the last two trading weeks. One of the most significant developments took place when VSPC.OB's wholly owned subsidiary, Direct Methanol Fuel Cell Corporation (DMFCC), signed a formal agreement with Tyco Electronics. Under the stipulation of this agreement DMFCC will design and certify electronic components and systems for Tyco Electronics. CEO of Viaspace, Dr. Carl Kukkonen, stated "DMFCC is now broadening its market focus to work on special fuel cell applications in…