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VIASPACE Collaborates With Citadel International on Security Systems
Sep 12 2006 6:21AM ET
VIASPACE Subsidiary Direct Methanol Fuel Cell Corporation Adds Engineering Manager in Korea Aug 31 2006 6:21AM ET
Diversified Portfolio of Breakthrough Technologies to Meet Growing Demand
VIASPACE is delivering products and solutions focused on
• National security and homeland defense including miniature and portable sensors
• Risk assessment and decision support for port security
• Seaport cargo, railroad car, and truck inspection
• Counter-terrorism
• Environmental monitoring and industrial process control
• Supply chain management and tracking of physical assets
• Continuous tracking of emergency personnel and other first responders in hazardous environments
• Enabling e-commerce in automobiles using the car radio
• Providing longer-lasting, efficient power for laptops, cell phones, and other portable electronic devices
VIASPACE Inc. develops proven space and defense technologies from NASA and the Department of Defense into hardware and software products that solve complex problems and address critical needs in high-demand, high-growth markets including homeland security and fuel cell energy. Through three rapidly expanding subsidiaries, VIASPACE is transforming a premier cache of intellectual property holdings licensed from Caltech into profitable commercial enterprises.
Because many millions of dollars and years of research and development have been invested in the technologies, VIASPACE is able to bring its products to market with only modest additional investment and greatly reduced technical risk. A highly attractive growth prospect, VIASPACE has attracted $30 million in venture capital and strategic investment. Its strategy is to continue fostering strategic partnerships with major international corporations to expand its market base and improve its bottom line.
The more than 100 licensed and proprietary patents licensed from Caltech should provide a unique strategic advantage in establishing credibility with customers and offer both a barrier to entry for competitors as well as a highly lucrative avenue for partnership opportunities.
An impressive indicator of ongoing growth and the potential for greatly increased revenue, VIASPACE subsidiaries Ionfinity and Arroyo Sciences have been awarded key, high visibility contracts from customers including the US Air Force, US Army, US Navy and L-3 Communications. Subsidiary DMFCC is in an excellent position to take a leadership role in delivering disposable fuel cartridges for the fuel cells expected to power laptops, cell phones and other mobile devices with a highly attractive revenue model.
With its diversified portfolio of advanced technology offerings, highly experienced and motivated team and thriving subsidiaries serving growing markets, VIASPACE has clearly established itself as a company with extraordinary potential to capture market share, build revenue and increase value for shareholders.
VIASPACE Inc. commercializes proven technologies from NASA and the Department of Defense to develop innovative hardware and software products that solve complex problems and meet critical needs in high-growth markets. VIASPACE holds an impressive portfolio of more than 100 licensed and proprietary patents representing years of leading edge government R&D and investment licensed from the California Institute of Technology, operator of NASA’s Jet Propulsion Laboratory.
Working through three rapidly growing subsidiaries, VIASPACE is leveraging this highly valuable intellectual property to deliver advanced technology solutions to address unmet needs in homeland security and public safety, fuel cell energy supply for consumer electronics, mobile e-commerce, microelectronics, sensors, supply chain management and RFID asset tracking. The companies are operating within two rapidly expanding markets—the $45 billion per year global homeland security sector where since Sept. 11, 2001 the US Department of Homeland Security and its agencies have paid private contractors at least $130 billion and the global fuel cell market which analysts are predicting will reach $2.6 billion by 2009.
VIASPACE subsidiary Direct Methanol Fuel Cell Corporation (DMFCC) produces methanol fuel cartridges to provide the energy source for laptop computers, cell phones and other portable electronic devices that will be powered by direct methanol fuel cells. Wholly owned subsidiary Arroyo Sciences Inc. is leveraging a software platform in inference and sensor data fusion technology to improve the accuracy, sensitivity and reliability of complex sensor-based systems used in homeland defense, military and security applications including container screening, maritime port security and concealed and improvised explosive device detection. VIASPACE subsidiary Ionfinity is developing mass spectrometry technology for industrial process control, homeland security and national defense applications.
VIASPACE is focused on commercializing technologies originally developed for NASA and the US Department of Defense that have already reached a certain stage of maturity. Initial investments in these technologies amount to millions of dollars and many years of top-tier R&D, enabling VIASPACE to manage the commercialization process with only modest additional investment and greatly reduced technical risk.
Since its creation in 1998 VIASPACE, its predecessor company and subsidiaries have attracted over $30 million in venture capital funding and contracts. Some of its investors include Hewlett Packard, Divine InterVentures, Itochu, Los Angeles County Community Development Commission, Blueprint Ventures, The United Company, BioProjects International, Forrest Binkley & Brown, American River Ventures and Nth Power.
Run by experts in technology commercialization, bolstered by an invaluable cache of intellectual property, operated through growing subsidiaries, and targeting thriving markets hungry for leading edge solutions, VIASPACE is in position to achieve dramatic increases in revenue generation, growth and shareholder value.
VIASPACE makes decisions about technology transfer and product development based on market need, first and foremost. The company maintains a sharp focus on growing, well-funded industries and creates products that meet those industries’ most pressing needs.
Subsidiary Arroyo Sciences has entered into a contract with L-3 Communications Security and Detection Systems to provide sensor data fusion software and its SHINE inference engine technology for the Advanced Container Security Device project, under a contract award to L-3 by the US Department of Homeland Security.
VIASPACE has entered into a MoU with Citadel International LLC to jointly explore new strategic business opportunities and initiatives in the area of security systems and screening. Citadel and its principals have held contracts for security services for numerous international sporting events including the Olympic Games in Sydney, Salt Lake City, Athens and Torino, and the 2006 Asian Games in Qatar. Citadel is introducing VIASPACE's Standoff Explosive Detection System (DeepScan) to organizers and security agencies for the upcoming Olympic Games in Beijing and London.
Two VIASPACE subsidiaries are working to deliver products to meet growing needs within the global homeland security sector, which has reached an estimated annual market value of $45 billion and rising.
By licensing the technology patents from Caltech, VIASPACE subsidiary Direct Methanol Fuel Cell Corporation has effectively positioned itself as a key infrastructure and technology player in the highly promising direct methanol fuel cell market. The company is already one of the few industry-qualified sources of methanol fuel cartridges targeting the large direct methane fuel cell-focused OEMs.
Recently Toshiba, Hitachi, Fujitsu, Samsung and Sanyo, among others, have shown prototypes of fuel cell powered laptops (BBC News, May 2006).
The VIASPACE team has a proven track record of successfully commercializing innovations in information technology, physical science and life sciences developed at academic research institutions and national laboratories.
In addition to its internal capabilities, VIASPACE benefits from the domain expertise of leading experts who have chosen to serve on its scientific and business advisory boards as well as from an informal global network of researchers, analysts, technology professionals and investors.
Direct Methanol Fuel Cell Corporation
VIASPACE subsidiary Direct Methanol Fuel Cell Corporation (DMFCC) focuses on producing disposable fuel cartridges containing liquid fuels, such as methanol, to provide the energy source for laptop computers, cell phones and other portable electronic devices powered by direct methanol fuel cells. The company is also a provider of intellectual property protection for manufacturers of direct methanol and other liquid hydrocarbon fuel cells.
The direct methanol fuel cell was invented and developed at the Caltech/NASA Jet Propulsion Laboratory and the University of Southern California and is protected by more than 56 issued and 62 pending patents worldwide. DMFCC has license rights to the Caltech intellectual property portfolio for direct liquid hydrocarbon fuel cells (including direct methanol fuel cells, DMFC), electrode construction, membrane electrode assemblies (MEAs), fuel cell systems, methanol sensor and filter, electrolysis of methanol to form hydrogen, and methanol fuel cartridges. Caltech and USC are founding shareholders in DMFCC. VIASPACE and Itochu Corporation are also DMFCC’s current investors.
DMFCC’s expertise is in cartridge design, safety certification and marketing. The company is developing global manufacturing and distribution capabilities through a network of partners. Fuel cartridges are expected to represent a recurring revenue source for the company. A notebook computer or cell phone powered by a fuel cell is expected to use 72 or more disposable fuel cartridges over the lifetime of the device.
DMFCC is working in Japan and Asia to develop manufacturing and distribution partnerships and customer relationships for its methanol fuel cartridge products. The company recently announced the execution of a cartridge design and certified manufacturer agreement with Seed Corporation of Tsu-city in Mie Prefecture, Japan.
Methanol fuel cells are replacements for traditional batteries and are expected to gain a substantial market share because they offer operating time as much as 10 times longer than current lithium ion batteries, are environmentally friendly and may be instantaneously recharged by simply replacing the disposable fuel cartridge.
Fuel cell powered electronics devices including laptops, cell phones and PDAs are expected to be introduced into the marketplace by major electronic product manufacturers in early 2007. Direct methanol fuel cell products are being developed for these applications by companies such as Samsung in Korea, and by Toshiba, NEC, Hitachi and Sanyo in Japan.
According to analysts at Freedonia Group commercial demand for fuel cell products and services, including revenues associated with prototyping and test marketing activities, will increase nearly sevenfold to $2.6 billion in 2009. By 2014, those revenues are expected to reach $13.6 billion. Portable electronics applications are projected to register the strongest gains over the next 10 years.
With state of the art proprietary products, a global standard distribution network, and a comprehensive suite of fundamental fuel cell patents, DMFCC has a mechanism in place to advance this exciting new technology.
Arroyo Sciences
Arroyo Sciences, a wholly owned subsidiary of VIASPACE, is a pioneer in new technologies, products and services based on inference and sensor data fusion technology. Sensor fusion combines data, observations, and inferences derived from multiple sources and sensors to generate reliable decision-support information in critical applications where solution speed and confidence is of the utmost importance. Arroyo Sciences sensor fusion application platform allows for the intelligent use of large volumes of real-time sensor data and enables an entirely new generation of applications that up until now were considered to be prohibitively expensive and difficult.
The company is building on a cache of intellectual property developed at NASA/JPL and licensed from Caltech, as well as its own internal development efforts. This includes a commercialization license to a real-time inference engine (software platform) called SHINE that was originally developed and used by NASA/JPL for space flight operations.
Technology under development by Arroyo Sciences can potentially enable commercial instruments to detect concealed IEDs and other concealed weapons worn by suicide bombers. This application is directed at homeland security and defense markets. Related applications can utilize this technology to detect pilfered industrial items or other contraband concealed beneath a person’s clothing.
Arroyo Sciences’ system analyzes contents of air and seaport cargo containers and assists location of unexploded ordnance (UXO). Based on technology developed by the US Army Corps of Engineers and NASA/CalTech’s Jet Propulsion Laboratory, this technology exploits multi-sensor data to detect buried or concealed explosives. These capabilities were validated and certified by analyzing remediation survey data from former defense sites at McKinley Range, Umatilla and Camp Simms.
VIASPACE recently announced that Arroyo Sciences has entered into a contract with L-3 Communications, Security and Detection Systems, to provide sensor data fusion software and its SHINE inference engine technology for the Advanced Container Security Device project, under a contract award to L-3 by the US Department of Homeland Security. The Advanced Container Security Device (ACSD) project aims to develop the next generation of maritime cargo container security.
As part of the L-3 engineering team on ACSD, Arroyo Sciences will provide software using advanced algorithms and methods for detecting container breaches. The Arroyo Sciences software incorporates its Active State Model, and sensor data fusion technology based on the SHINE inference engine. Arroyo Sciences has an exclusive license to SHINE for the container security and other applications.
Ionfinity LLC
Ionfinity, a subsidiary in which VIASPACE holds a 46.3% membership interest, is developing mass spectrometry technology for industrial process control, homeland security and national defense applications. Ionfinity has a contract with the US Navy to develop a portable mass spectrometer to detect industrial chemicals and chemical warfare agents in air and water samples. The company also has a contract with the US Air Force to apply the soft ionization membrane technology to electric propulsion for nano satellites.
Recently Ionfinity was awarded a Phase I STTR contract by the US Army to design and prototype a field portable, highly-efficient, integrated system for detection and identification of chemical agents such as industrial toxic gases and chemical components of Improvised Explosive Devices (IEDs). The system is planned to be integrated with one of the Army's unmanned ground vehicles intended for medical force health protection and combat casualty care missions.
Ionfinity is teamed with the NASA Jet Propulsion Laboratory and Imaginative Technologies LLC, which has developed a miniature Differential Mobility Spectrometer. This spectrometer has already demonstrated detection of airborne chemicals such as chlorocarbons and explosives including TNT, nitroglycerin and plastic explosives at low levels. The Ionfinity system would be validated for chemical agent detection by the Edgewood Chemical Biological Center at the Aberdeen Proving Grounds, Maryland as part of Phase II of this STTR project.
(с) 2006 SmallCapStockWatch.com All Rights Reserved. Disclaimer.
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