PASADENA , Calif., Jan. 8 /PRNewswire-FirstCall/ -- VIASPACE Inc. (OTC Bulletin Board: VSPC), a company commercializing proven technologies from NASA and the US Department of Defense, reported that it has received a new blanket purchase agreement from the Inter local Purchasing System (TIPS) and Texas-Arkansas Purchasing System (TAPS) for Security Surveillance Systems, Equipment, Supplies and Installation.
This is another new contract opportunity for VIASPACE Security, a wholly-owned VIASPACE subsidiary. VIASPACE Security is now eligible to sell the AIMS Security System, software and installation services to more than 1500 local, regional and state government authorities within the States of Texas and Arkansas. VIASPACE Security is an authorized re-seller of AIMS hardware and custom software using its exclusive license from Caltech to commercialize NASA's SHINE real-time inference engine technology for most major defense applications, homeland defense and maritime security.
AJ Abdallat, President of VIASPACE Security, commented: "We are delighted to be listed as a TIPS/TAPS contractor, which will allow us to shorten the procurement cycle and seek immediate awards of business within the States of Texas and Arkansas. There are several immediate opportunities where we believe that our sensor data fusion and SHINE inference engine technologies will play a key role in creating new surveillance solutions utilizing the AIMS hardware as a base platform system. "
Area security and surveillance systems are one of several major initiatives on the part of the Department of Defense and the Department of Homeland Defense. VIASPACE Security is targeting this growing $20+ Billion market, pursuing opportunities where real-time sensor fusion technology and its high speed inference engine can deliver substantial benefit.
About VIASPACE: Originally founded in 1998 with the objective of transforming proven space and defense technologies from NASA and the Department of Defense into hardware and software solutions that solve today's complex problems, VIASPACE benefits from important patent and software licenses from Caltech, which manages NASA's Jet Propulsion Laboratory.
For more information, please visit http://www.VIASPACE.com, or contact Investor Relations, Dr. Jan Vandersande , Director of Communications at 800-517-8050, or [email protected]. For past press releases, please visit: http://www.viaspace.com/press_release.php.
This news release includes forward-looking statements. These forward-looking statements relate to future events or our 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 any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Such factors include the risks outlined in our periodic filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-KSB, as amended, for the fiscal year ended December 31, 2006 , and our Quarterly Report on Form 10-Q for the period ended September 30, 2007 , as well as general economic and business conditions, the ability to acquire and develop specific projects and technologies, the ability to fund operations, changes in consumer and business consumption habits, and other factors over which VIASPACE has little or no control.
SOURCE VIASPACE Inc.
