VIASPACE, along with its predecessor company subsidiaries, have already signed over $30 million in contracts and venture capital funding. Some of these investors include Hewlett Packard, Divine InterVentures, Itochu, Los Angeles County Community Development Commission, Blueprint Ventures, and The United Company.
In October, VIASPACE’s subsidiary, Ionfinity, signed a Phase II STTR contract to develop a soft ionization membrane to be used as a micro ion engine for micro and nano satellite station keeping, and in August it was awarded a Phase I STTR contract from the US Navy to develop a miniaturized chemical sensor system which is capable of detecting chemical and biological weapons.
One of the company’s other subsidiaries, Arroyo Sciences, was given a contract to indirectly supply sensor data fusion software for a US Department of Homeland Security program.
The company shows its great importance with these and other contracts, as it strives to increase revenue 250% this year.
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