In California, VIASPACE CEO, Dr. Carl Kukkonen and Chairman of the Board, Dr. Kevin Schewe, provided an update on recent company technical and business activities. The update reported that for the 12MWe Giant King Grass power plant project with AGRICORP, the financial model is complete, as is the summary business plan, and VIASPACE will be working with AGRICORP on a parallel animal feed project.
The update reported that numerous discussions and/or negotiations were in process including two potential customers from Costa Rica and Guatemala, and another from Panama. A customer from Pakistan has signed a nondisclosure agreement and is proceeding with a contract. VIASPACE was not forthcoming with extra details about what their Giant King Grass would be used for at this time.
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