VIASPACE announced that it will be expanding its focus by making energy-based products a major part of their business strategy. This is a strong move for the company as it accelerates the growth of VIASPACE’s existing fuel cell cartridge business, and fuel cell humidity sensor product line; in addition to opening new opportunities within the $55.4 billion clean energy sector.
The decision is supported by the positive feedback given for its current fuel cell technologies. Under the new VIASPACE Energy division, the company will be finding ways to integrate themselves into new opportunities such as fuel cell test equipment, batteries and battery test equipment, alternative fuels, and new products to conserve energy and reduce emissions.
Dr. Carl Kukkonen, CEO of VIASPACE, explained that the business is now split into two major units. VIASPACE Security will be delivering solutions for the commercial and homeland security markets, while VIASPACE Energy establishes itself in the clean energy sector. He believes that VIASPACE will make important contributions in meeting the growing demand for energy products.
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