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"VIASPACE holds an impressive portfolio of licensed and proprietary patents to key technologies that can be integrated into solutions and applications in such areas as energy and fuel cells, microelectronics, sensors, homeland security and public safety, information and computational technology"
"The Company's portfolio of over 100 licensed patents represents innovation developed at the NASA Jet Propulsion Laboratory (JPL), in connection with NASA and Department of Defense projects"
"any positive announcements about DMFC adoption should influence the share price in a very positive way given VIASPACE's patent positioning. "
Dutton Associates Announces Investment Opinion: VIASPACE Neutral Rating in Initiating Coverage by Dutton Associates Business Wire - August 17, 2006 12:37
EL DORADO HILLS, Calif., Aug 17, 2006 (BUSINESS WIRE) -- Dutton Associates initiates coverage of VIASPACE (OTCBB:VSPC) with a Neutral rating. The 24-page report by Dutton senior analyst Rafael Kapelinski is available at www.jmdutton.com as well as from First Call, Bloomberg, Zacks, Reuters, Knobias, and other leading financial portals.
VIASPACE holds an impressive portfolio of licensed and proprietary patents to key technologies that can be integrated into solutions and applications in such areas as energy and fuel cells, microelectronics, sensors, homeland security and public safety, information and computational technology. The Company's portfolio of over 100 licensed patents represents innovation developed at the NASA Jet Propulsion Laboratory (JPL), in connection with NASA and Department of Defense projects. The patents are licensed from Caltech which manages the Jet Propulsion Laboratory for NASA. The Company operates two primary subsidiaries: Direct Methanol Fuel Cell Corporation (DMFCC) 71.4% owned by VIASPACE, is exploiting patents relating to the Direct Methanol Fuel Cell (DMFC), originally invented by Caltech's Jet Propulsion Laboratory and USC, and Arroyo Sciences, a wholly owned VIASPACE subsidiary, which is leveraging a software platform in inference and sensor data fusion technology, capable of greatly improving the accuracy, sensitivity and reliability of complex sensor-based systems used in homeland defense, military and security applications. We initiate coverage with a Neutral Rating as we fundamentally believe that VIASPACE's market value already reflects significant market potential. In our view, the risk involved in projecting the Company's revenues and profitability, combined with the still-awaited market adoption of the DMFC technology and the Company's inability to drive market adoption make us uncomfortable assigning a positive investment opinion at this stage. In the coming months we expect continued share price volatility as the market continues to struggle with the underlying market potential. At the same time, any positive announcements about DMFC adoption should influence the share price in a very positive way given VIASPACE's patent positioning.
About Dutton Associates
Dutton Associates is one of the largest independent investment research firms in the U.S. Its 31 senior analysts are primarily CFAs, and have expertise in many industries. Dutton Associates provides continuing analyst coverage of over 140 enrolled companies, and its research, estimates, and ratings are carried in all the major databases serving institutions and online investors.
The cost of enrollment in our one-year continuing research program is US $39,500 prepaid for 4 Research Reports, typically published quarterly, and requisite Research Notes. Dutton Associates received US$35,000 from the Company for 4 Research Reports with coverage commencing on 8/17/06. The Firm does not accept any equity compensation. Our principals and analysts are prohibited from owning or trading in securities of covered companies. The views expressed in this research report accurately reflect the analyst's personal views about the subject securities or issuer. Neither the analyst's compensation nor the compensation received by us is in any way related to the specific ratings or views contained in this research report or note. Please read full disclosures and analyst background at www.jmdutton.com before investing.
SOURCE: VIASPACE
Dutton Associates, LLC John M. Dutton, 916-941-8119
Copyright Business Wire 2006
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