The Time Has Come!!!Viaspace & Samsung
VIASPACE Fuel Cartridge Powers
SAMSUNG High-Performance Direct Methanol Fuel Cell for Military Applications
http://finance.yahoo.com/news/VIASPA...-14918581.html
SAMSUNG Reveals New Military-Grade Fuel Cell in U.S. Army Performance Test
PASADENA, Calif., April 14 /PRNewswire-FirstCall/ -- VIASPACE Inc. (OTC Bulletin Board: VSPC - News), an alternative energy company providing products and technology for renewable and clean energy, announced that SAMSUNG, one of the world's leading electronics companies, revealed its new military-grade fuel cell--powered by a methanol fuel cartridge developed and delivered by VIASPACE Inc. -- in a press release and at the Korea Green Expo held last week in South Korea.
SAMSUNG also revealed that it has completed fuel cell performance tests for 72 hour operation with the U.S. Army's CERDEC (Communication Electronics Research and Development Engineering Center). Plans for mass production include fuel cells not only for military applications but expanding the platform to include mobile electronics, like notebook computers, and industrial equipment. SAMSUNG reported that Frost and Sullivan expects sales of military fuel cells to reach more than 100 million units for a market value of more than $580 million by 2013.
VIASPACE Chief Executive Carl Kukkonen remarked: "We're pleased with SAMSUNG's success and are continuing to work closely with their research and development staffs as they take further steps toward commercial production for both the military and consumer markets."
The fuel cartridge was developed by VIASPACE's fuel cell subsidiary, Direct Methanol Fuel Cell Corporation (DMFCC), under a contract with SAMSUNG. Using VIASPACE's fuel cartridge full of liquid methanol, the fuel cell efficiently converts the methanol into electrical energy without burning. SAMSUNG's high efficiency military direct methanol fuel cell (DMFC) system produces the same energy as batteries two to three times its weight at a cost-per-kilowatt-hour 50% to almost 98% lower than batteries. SAMSUNG's fuel cell may be operated in any orientation, a key requirement for military applications.
Kukkonen added: "Our clean energy business is focused on designing and manufacturing disposable fuel cartridges that supply methanol for fuel cells, which we feel will become a major source of power for electronic devices such as notebook computers and cell phones. Since a notebook computer powered by a fuel cell is projected to use approximately 100 fuel cartridges during its lifetime, we see our partnerships with Samsung and other companies as opportunities to develop a substantial base of recurring revenues.