WALNUT, California,
July 7, 2014 /PRNewswire/
-- VIASPACE Inc. (OTCQB: VSPC) today announced that the
company has signed a Giant King Grass Supply Contract with ReSource
BioEnergy, Inc. to supply Giant King Grass for its bioenergy
projects in Jamaica. Giant
King Grass propagation nodes were
harvested from the VIASPACE nursery in California, inspected by the United States
Department of Agriculture which issued a phytosanitary certificate,
and were shipped to Jamaica where
Giant King Grass was planted and is now growing.
ReSource BioEnergy, which is incorporated in New York and with operations in California and Jamaica, deploys best-in-class bioenergy
solutions to help improve individual wellbeing, community
resilience, and ecological health — all within a commercially
viable business model that serves the triple bottom line — planet,
people, profit. ReSource BioEnergy and its affiliate Jamaica
BioEnergy, based in Kingston,
Jamaica, have a shared mission to achieve zero carbon energy
independence for Jamaica by 2025.
Further information on ReSource BioEnergy is available on their
website www.resourcebioenergy.com.
VIASPACE CEO, Dr. Carl Kukkonen,
reported, "We have been working with ReSource for nine months, and
they have visited our California
nursery on several occasions. We have signed a confidentiality
agreement as well as the Giant King Grass Supply Contract. Fresh
cut samples of Giant King Grass from our California nursery were sent to ReSource for
laboratory analyses for suitability as a feedstock for bioenergy.
The results were very encouraging, and this resulted in the
contract and shipment. We are fully supporting ReSource and we
agree that Giant King Grass has great potential in Jamaica. This project continues the VIASPACE
focus on Giant King Grass based energy projects in the Caribbean/Central American region. We now have
Giant King Grass growing in St. Croix US Virgin Islands,
Nicaragua, Guyana and Jamaica."
ReSource BioEnergy Inc.'s Co-founder and CEO, Mr. Tom McGrath, stated, "We are very happy to team
with VIASPACE. Giant King Grass is
an important energy feedstock for zero carbon energy independence
in Jamaica. This renewable energy
project is good for the global environment, and provides local
agriculture and clean technology jobs in Jamaica. The project will boost employment and
foreign trade. We are developing a pipeline of BioEnergy projects
with stakeholders from the business, community and agricultural
sectors for a more sustainable future."
Mr. Chris Lindstrom, ReSource
Co-founder and Chief Visionary Officer added, "We are helping the
shift from an oil economy to a soil economy, igniting local
projects with clean technologies. In the end, it's about working
carefully to deploy technology as if people, soil and community
matters."
VIASPACE Chairman, Dr. Kevin
Schewe, concluded, "We firmly believe that Giant King Grass
is best-in-class as the world's highest yielding, continuously
renewable, carbon-neutral biomass platform that can be co-utilized
as a superb animal feed. After due diligence independent testing,
ReSource Bioenergy agreed that Giant King Grass is indeed
best-in-class and they have deployed GKG to Jamaica and have successfully established
Jamaica's Giant King Grass
propagation nursery. The tropical climate of Jamaica is perfect to support the
high-yielding growth of Giant King Grass and our initial results at
the Jamaica propagation nursery
are excellent. We are delighted to be working with ReSource
Bioenergy and their team of professionals who have the technical,
business, financial and operational connections to make an
inspiring global example of using Giant King Grass to help achieve
zero carbon energy independence for Jamaica by 2025. ReSource Bioenergy's mission
is to 'accelerate the shift from an oil economy to a soil economy.'
We know that VIASPACE and Giant King Grass can greatly help to
accelerate that shift and we are very proud to be an integral part
of Jamaica's future in this
regard."
About VIASPACE Inc.
VIASPACE grows renewable Giant
KingTM Grass as a low-carbon fuel for clean electricity
generation; for environmentally friendly energy pellets; and as a
feedstock for bio-methane production and for green cellulosic
biofuels, biochemicals and biomaterials. Giant King Grass is a proprietary, high yield,
dedicated biomass energy crop. Giant King
Grass when it is cut frequently at 4 to 5 feet tall is also
excellent animal feed. The USDA granted approval for planting Giant
King Grass throughout the US and cooperates in exporting by
performing the required inspections and issuing the phytosanitary
certificate needed for import into foreign countries. Giant
King Grass is being grown in
California, Arizona, Hawaii, St. Croix Virgin Islands, Nicaragua, South
Africa, China, Myanmar, Pakistan, Guyana and Jamaica. For more
information, please go to www.VIASPACE.com or contact Dr.
Jan Vandersande, Director of
Communications, at 800-517-8050 or IR@VIASPACE.com.
Safe Harbor Statement
Information in
this news release includes forward-looking statements. These
forward-looking statements relate to future events or 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 those expressed or implied by these forward-looking
statements. Such factors include, without limitation, risks
outlined in our periodic filings with the U.S. Securities and
Exchange Commission, including Annual Report on Form 10-K for the
year ended December 31, 2013, and
other factors over which VIASPACE has little or no control.
SOURCE VIASPACE Inc.