Company:Viaspace

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Viaspace
TypePublic
Expert Market: VSPC
Genreclean energy
FoundedViaSpace 1998
Viaspace 2005
Key people
Dr. Carl Kukkonen (CEO)
Mr. Sung Hsien Chang
OwnerDr. Carl Kukkonen
DivisionsRenewable Energy
Alternative Energy
Monitoring Systems
SubsidiariesDMFCC
Viaspace Green Energy
Ionfinity
Websitewww.viaspace.com

Viaspace is a clean energy company focused on commercializing technologies from NASA, Caltech, University of Southern California and the United States Department of Defense.[1][2] The company operates in the alternative energy, renewable energy, and chemical sensing sectors. The company is associated with the Jet Propulsion Lab (JPL) and the California Institute of Technology through its CEO, Dr. Carl Kukkonen (the former Director of the Center for Space Microelectronics Technology (CSMT) and Manager of Supercomputing at the NASA Jet Propulsion Laboratory).[3]

History

Viaspace was founded in 1998 as a Caltech/NASA spin-off. The company began with the objective of transforming space and defense technologies that were originally developed at JPL into commercial products.[2]

In 1998, Viaspace signed a memorandum of understanding with RGC to commercialize a Quantum well infrared photodetector. This led to a joint venture partnership between the two companies called QWIP Technologies (QWIPTECH), which was incorporated in December 1998.[4] Dr. Carl Kukkonen, CEO of Viaspace, served as initial CEO of QWIP Technologies until RGC acquired 100% of QWIPTECH in 2000.[5][6][7] Since RGC's QWIPTECH acquisition, Viaspace has had no stake in QWIPTECH nor holds any Quantum Well Infrared Photodetector patents.[8]

In the summer of 1998, Viaspace also signed a memorandum of understanding with Omicron Technologies to form a joint venture for the commercialization of applications of a technology known as Active Pixel Sensors (APS).[4] It was anticipated at the time of the joint venture that APS technology would be a strong competitor in its field and ultimately have a chance of replacing the widely used Charged Coupled Devices (CCDs) used in imaging technology.[4] However, in 2000, Omicron announced that it had dropped out of the project due to financial issues.[9] Viaspace decided to discontinue commercialization efforts for APS technology because it would be too costly.[9] Commercialization of the APS technology by Omicron and Viaspace never materialized; however, Viaspace reacquired three patents from the failed Omicron partnership. These three patents are not associated with the imaging technology, but rather, in the field of radio satellite technology.[10] The three radio satellite technology patents reacquired through the failed Omicron/ViaSpace Joint Venture are being applied toward Viaspace's inactive eCARmerce Inc. subsidiary, although there are no plans to further develop the eCARmerce subsidiary toward commercialization at this time.

In 1999, a company called Spectrasensors Inc acquired exclusive patent rights from NASA and Caltech to commercialize gas sensor technology. SpectraSensors became a Viaspace subsidiary in which Dr. Carl Kukkonen was CEO. In 2001 a company called Tunable Photonics was spun off from SpectraSensors. Dr. Carl Kukkonen served as CEO of ViaSpace, SpectraSensors, and Tunable Photonics during 2001. In 2002, a company called FiberSpace acquired Tunable Photonics. In 2003, SpectraSensors reacquired the remaining intellectual property from Tunable Photonics. Presently, SpectraSensors is a profitable company separate from Viaspace.

On August 14, 2000, Viaspace and Hewlett Packard announced a strategic alliance in which HP would provide US$10 million to Viaspace for commercialization of new technologies.[11] Five million of HP's $10 million went to the development of Viachange.com, which Viaspace no longer operates.[11]

In 2002, a new company, Direct Methanol Fuel Cell Corporation (DMFCC) was formed. DMFCC, Caltech and USC signed a letter of intent for DMFCC to acquire rights to 22 issued and over 40 pending U.S. and foreign patents. These include the original and fundamental patent for using methanol dissolved in water as the fuel for Direct Methanol Fuel Cells. In exchange, Caltech and USC became equity shareholders in DMFCC and receive a royalty on sales. Dr. Carl Kukkonen was and continues to operate as CEO of DMFCC.[12]

In 2005, Viaspace became a public company through a merger between ViaSpace and Global Wide Production. The name ViaSpace was changed to Viaspace (all caps). Dr. Carl Kukkonen remained CEO, Mr. Amjad Abdallat took the position of vice president and chief operating officer, and Mr. Stephen Muzi became the chief financial officer, Secretary, and Treasurer of Viaspace.[13] At the beginning of 2006, DMFCC exercised an option for a worldwide license to 50 issued and 50 pending fuel cell patents from Caltech and USC.[14] DMFCC currently owns 65 issued and 33 pending patents related to fuel cells.[15]

In 2006, Viaspace's wholly owned security and homeland defense subsidiary, Arroyo Sciences Inc., was renamed Viaspace Security Inc.[16] In 2007, Viaspace Security's expert system software, "SHINE Expert System", licensed from Caltech, was awarded the NASA Space Act Award.[17]

In May 2007, Viaspace established a new subsidiary Viaspace Energy.[18] In October 2008, Viaspace entered the biofuels market with the announcement of the acquisition of Inter-Pacific Arts Corp (IPA), a company with a license to grow a fast-growing grass.[19] IPA also sells framed art.[19] The framed art business of IPA is Viaspace's only non-high-technology business unit and is being used to fund the growth of the grass segment of the business.[19] Viaspace sold its humidity sensor line in April 2008 in order to focus on near term projects.[19]

Viaspace created Viaspace Green Energy in 2009 as its alternative energy subsidiary.[20] Viaspace is currently seeking or already has undisclosed contracts for DMFCC products and Giant King Grass products. In 2010 Viaspace announced the launch of its first product, Green Logs.[21] About a month later, Viaspace Green Energy announced its first power plant MOU.[22]

Presently, two of the three Viaspace business units (the alternative energy and chemical sensing units) are based on exclusive technologies developed by JPL and funded by NASA and the DOD. The renewable energy business unit is based on a worldwide license granted by China Gate to grow Giant King Grass, a non-genetically modified hybrid grass.[citation needed]

Subsidiaries

Direct Methanol Fuel Cell Corporation

For the alternative energy market, Viaspace subsidiary Direct Methanol Fuel Cell Corporation develops and manufactures disposable fuel cartridges for fuel cell powered electronic devices such as notebook computers, mobile phones and military systems.[23][24] Caltech and USC are equity shareholders in DMFCC and will receive royalties on any sales.[25] DMFCC currently owns 65 issued and 33 pending patents related to fuel cells.[15]

Laws forbidding methanol and other fuels onboard aircraft has deterred large OEMs from proceeding with commercialization of fuel cell powered devices. The regulation and safety standards of fuel cells is one cause of the long delay for the roll out of Direct Methanol Fuel Cell powered devices. The decisions to allow Direct Methanol Fuel Cells onboard aircraft will enhance the future prospect of Viaspace.[26][27]

Viaspace Green Energy

For the renewable energy markets, its subsidiary, Viaspace Green Energy, is cultivating Giant King Grass, a proprietary, fast-growing perennial grass for the production of liquid biofuels for transportation, and as a renewable substitute or replacement for coal as the heat source in stationary electricity generating power plants.[28][29] By June 2010, the company had 279 acres (113 ha) of land under cultivation.[30]

Ionfinity

Through its subsidiary Ionfinity, Viaspace is involved in collaborations with Caltech and NASA's Jet Propulsion Laboratory to develop and commercialize new sensor technology that can detect very small amounts of hazardous materials such as explosives, chemical/biological weapons, toxic gases and drugs.[31][32] Ionfinity's sensors are based on mass spectrometry technology. Ionfinity is partnered with General Dynamics Corp., Sionex Corp., and Imaginative Technologies LLC.[31]

References

  1. ↑ "About Us". Viaspace. http://viaspace.com/au_overview.php. 
  2. ↑ 2.0 2.1 "viaspace_10k-123109.htm". Sec.gov. https://www.sec.gov/Archives/edgar/data/1270200/000101968710001232/viaspace_10k-123109.htm. 
  3. ↑ "Completion of $11.4M Private Placement Financing to Advance APS Technology". Business Wire (Findarticles.com). 1999-02-18. http://findarticles.com/p/articles/mi_m0EIN/is_1999_Feb_18/ai_53899496/. 
  4. ↑ 4.0 4.1 4.2 "Omicron Technologies Signs Memorandum of Understanding with ViaSpace Technologies LLC. - Business Wire". 1998-08-14. http://www.highbeam.com/doc/1G1-50246785.html. [|permanent dead link|dead link}}]
  5. ↑ "Rainbow Group Hires QWIP Inventor From Jet Propulsion Laboratorye". 2000-04-07. http://www.highbeam.com/doc/1G1-61398393.html. [|permanent dead link|dead link}}]
  6. ↑ "Rainbow to Acquire Remaining 60% of the QWIP Technology Rights". 2000-11-01. http://www.highbeam.com/doc/1G1-66572789.html. [|permanent dead link|dead link}}]
  7. ↑ "Rainbow's QWIPTECH Appoints New Chief Operations Officer". 2000-11-08. http://www.highbeam.com/doc/1G1-66697490.html. [|permanent dead link|dead link}}]
  8. ↑ "QWIP Systems Inc. Company Profile - Yahoo! Finance". Biz.yahoo.com. http://biz.yahoo.com/ic/123/123189.html. 
  9. ↑ 9.0 9.1 "Omicron Technologies Drops APS Technology.". Business Wire. 2000-04-28. http://www.highbeam.com/doc/1G1-61791383.html. [|permanent dead link|dead link}}]
  10. ↑ "eCARmerce Inc., Acquires Radio Satellite Technology from Omicron Technologies.". Business Wire. 2000-08-23. http://www.highbeam.com/doc/1G1-64486122.html. [|permanent dead link|dead link}}]
  11. ↑ 11.0 11.1 "HP and ViaSpace Technologies Announce Strategic Alliance to Commercialize Innovative New Technologies; HP to Provide up to $10 Million in Financing. - Business Wire". 2000-08-14. http://www.highbeam.com/doc/1G1-64153126.html. [|permanent dead link|dead link}}]
  12. ↑ "Caltech and University of Southern California Fuel Cell Technology to be Commercialized". Ewire.com. 2002-02-27. http://www.ewire.com/display.cfm/Wire_ID/995. 
  13. ↑ "Global Wide Publication Ltd. complete merger. - PR Newswire". 2005-06-21. http://www.highbeam.com/doc/1G1-133417045.html. [|permanent dead link|dead link}}]
  14. ↑ "Viaspace Subsidiary Exercises Option for 100 Caltech and University of Southern California Technology Patents, Enabling Company to Offer Patent Protection to OEMs That Will Use Viaspace's Fuel Cell Cartridges. - PR Newswire". 2006-01-25. http://www.highbeam.com/doc/1G1-141253888.html. [|permanent dead link|dead link}}]
  15. ↑ 15.0 15.1 "Intellectual Property". Viaspace. http://viaspace.com/ae_ip.php. 
  16. ↑ "Viaspace Announces Name Change of Subsidiary to Viaspace Security Inc. - PR Newswire". 2006-12-18. http://www.highbeam.com/doc/1G1-156022444.html. [|permanent dead link|dead link}}]
  17. ↑ "JPL Shine expert system software, licensed by Viaspace from Caltech, is recipient of NASA Space Act award. - M2 Presswire". 2007-01-17. http://www.highbeam.com/doc/1G1-157756757.html. [|permanent dead link|dead link}}]
  18. ↑ "Viaspace Expands Focus on Energy Products Including New Opportunities in Clean Energy Sector. - PR Newswire" (Press release). 2007-05-02. Retrieved 2010-06-25.[|permanent dead link|dead link}}]
  19. ↑ 19.0 19.1 19.2 19.3 "Viaspace Completes Acquisition of Inter-Pacific Which Adds $5 Million in Revenue. - PR Newswire". 2008-10-28. http://www.highbeam.com/doc/1G1-187890496.html. [|permanent dead link|dead link}}]
  20. ↑ "Viaspace Launches New Website. - PR Newswire" (Press release). 2009-05-28. Retrieved 2010-06-25.[|permanent dead link|dead link}}]
  21. ↑ "Viaspace Introduces First Green-Energy Product. - PR Newswire". 2010-05-25. http://www.highbeam.com/doc/1G1-227292977.html. [|permanent dead link|dead link}}]
  22. ↑ "Viaspace Ssigns agreement with German biogas producer Ruba Energie GmbH" (Press release). Viaspace. 2010-06-14. Retrieved 2010-06-25.
  23. ↑ "Direct Methanol Fuel Cell Corporation (DMFCC) - Alternative Energy". Viaspace. http://viaspace.com/ae_dmfcc.php. 
  24. ↑ "Viaspace Subsidiary Direct Methanol Fuel Cell Corporation to Begin Sampling Cartridge Product". Fuel Cell Today. 2006-01-11. http://www.fuelcelltoday.com/online/news/articles/2006-01/Viaspace-Subsidiary-Direct-Metha. 
  25. ↑ "Caltech and University of Southern California Fuel Cell Technology to be Commercialized. - Business Wire". 2002-02-27. http://www.highbeam.com/doc/1G1-83328648.html. [|permanent dead link|dead link}}]
  26. ↑ "U.S. Department of Transportation Rule Allows Passengers to Carry Methanol Fuel Cells and Cartridges Onboard Aircraft. - PR Newswire" (Press release). 2008-05-06. Retrieved 2010-06-25.[|permanent dead link|dead link}}]
  27. ↑ "Approval for Methanol Fuel Cells and Cartridges on Airplanes Proposed by US Department of Transportation. - PR Newswire" (Press release). 2007-09-25. Retrieved 2010-06-25.[|permanent dead link|dead link}}]
  28. ↑ "Green Energy (VGE) - Renewable Energy". Viaspace. 2009-03-27. http://viaspace.com/re_about.php. 
  29. ↑ "Viaspace To Trademark Giant King Grass". Biofueldaily.com. http://www.biofueldaily.com/reports/Viaspace_To_Trademark_Giant_King_Grass_999.html. 
  30. ↑ "Viaspace Increases Giant King(TM) Grass Production Capacity. - PR Newswire". 2010-06-09. http://www.highbeam.com/doc/1G1-228418941.html. [|permanent dead link|dead link}}]
  31. ↑ 31.0 31.1 "Ionfinity - Monitoring and Detection Systems". Viaspace. http://viaspace.com/ms_about.php. 
  32. ↑ "Sniffing Out Bombs From a Distance". Defense News. 2008-08-18. http://www.defensenews.com/story.php?i=3679059. [|permanent dead link|dead link}}]

External links



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