VIASPACE Leveraging 'SHINE' Technology to Develop Significant Potential in Commercial, Defense and Homeland Security Sectors
15 February 2007 - 8:20AM
PR Newswire (US)
PASADENA, Calif., Feb. 14 /PRNewswire-FirstCall/ -- VIASPACE Inc.
(OTC:VSPC) (BULLETIN BOARD: VSPC) , a company commercializing
proven technologies from NASA and the US Department of Defense,
today announced that the company has made significant strides
leveraging its 'SHINE' expert system technology licensed from
Caltech to pursue major opportunities in the commercial, defense,
and homeland security sectors. To penetrate the growing market for
maritime container screening, port security, automated threat
detection, real- time sensor fusion and embedded
diagnostics/prognostics applications, VIASPACE Security is
identifying and developing relationships with potential new
customers, adding staff and resources to its SHINE-based
development efforts, executing on its contract with L-3
Communications for the US Department of Homeland Security's
Advanced Container Security Device project, and teaming with
Raytheon Company's Network Centric Systems on security and
surveillance applications. VIASPACE has an exclusive license from
Caltech to commercialize SHINE technology for most major
applications including container security, diagnostics/prognostics,
sensor fusion and homeland defense. SHINE is a real-time inference
engine and software platform originally developed by NASA's Jet
Propulsion Laboratory for space flight operations, and is used in
several NASA applications including the Mars Exploration Rover and
Spacecraft Health Automatic Reasoning Pilot (SHARP) program. It
recently received the prestigious NASA Space Act Award. Wholly
owned subsidiary VIASPACE Security Inc. is leveraging the
technology along with its own development efforts to deliver high
performance, real-time inference and sensor data fusion-based
technologies, products and services. Sensor fusion combines large
volumes of data, observations, and inferences derived from multiple
sources and sensors to generate reliable decision-support
information in critical applications where speed, accuracy and ease
of deployment are crucial. VIASPACE is actively pursuing new
business for its SHINE-based technology solutions. The company is
currently targeting potential customers in both the defense and
private sector, responding to inquiries, and meeting with
government agencies, defense contractors and systems integrators.
The company is also adding key engineering staff and resources to
ramp up its ability to meet the anticipated demand for SHINE-based
products and applications. Dr. Carl Kukkonen, CEO of VIASPACE,
commented: "SHINE can process over 200 million rules per second on
desktop class computer processors. This real-time performance and
an executable size small enough to be deployed on a chip enables an
entirely new class of applications that up until now were
considered to be prohibitively expensive and difficult. Based on
what we believe is tremendous potential for market acceptance and
the favorable response we have received to date, we are thrilled to
be moving forward with the identification and development of
commercial opportunities." About VIASPACE: Originally founded in
1998 with the objective of transforming proven space and defense
technologies from NASA and the Department of Defense into hardware
and software solutions that solve today's complex problems,
VIASPACE benefits from important patent and software licenses from
Caltech, which manages NASA's Jet Propulsion Laboratory. For more
information, please visit our website at http://www.viaspace.com/,
or contact for Investor Relations, Dr. Jan Vandersande, Director of
Communications at 800-517-8050, or . This news release includes
forward-looking statements intended to qualify for the safe harbor
from liability established by the Private Securities Litigation
Reform Act of 1995. These forward-looking statements relate to
future events or our future performance and involve known and
unknown risks, uncertainties and other factors that may cause our
actual results, levels of activity, performance or achievements to
be materially different from any future results, levels of
activity, performance or achievements expressed or implied by these
forward-looking statements. Such factors include the risks outlined
in our periodic filings with the U.S. Securities and Exchange
Commission, including our Annual Report on Form 10-KSB for the
fiscal year ended December 31, 2005 and our Quarterly Report on
Form 10-QSB for the quarter ended September 30, 2006, as well as
general economic and business conditions, the ability to acquire
and develop specific projects and technologies, the ability to fund
operations, changes in consumer and business consumption habits,
and other factors over which VIASPACE has little or no control.
DATASOURCE: VIASPACE Inc. CONTACT: Carl Kukkonen, +1-626-768-3360,
or Investor Relations, Dr. Jan Vandersande, Director of
Communications, +1-800-517-8050, , both of VIASPACE Inc. Web site:
http://www.viaspace.com/
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