VIASPACE Agreement To License With Inter-Pacific Arts


WALNUT, Calif., April 5, 2016 — VIASPACE Inc. (OTC: VSPC) announced today that it has reached an agreement to work in closer collaboration with Guangzhou Inter-Pacific Arts Corporation (IPA) and VIASPACE Green Energy (VGE). IPA, VGE and VIASPACE have taken steps to greatly strengthen, expand and simplify their licensing agreement for Giant King Grass (GKG). The license has been expanded to include 3 types of high yield, non-genetically modified grasses (Giant King Grasses or GKG) that were received and licensed by IPA under its original parent license. All existing intellectual property (IP) is now freely cross licensed and restrictions on new IP have been removed.  VIASPACE and IPA/VGE will continue to maintain distinct operating territories with IPA/VGE operating in China, Taiwan, Cambodia, Thailand, Myanmar, Malaysia, Laos, Vietnam and Singapore while VIASPACE’s territory includes the entire world other than IPA/VGE territory.

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