This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

High Protein Animal Feed Is New Large Market For VIASPACE Giant King Grass

WALNUT, Calif., Aug. 20, 2013 /PRNewswire/ -- VIASPACE Inc. (OTCQB: VSPC) today announced results of independent and third-party testing that shows that Giant King Grass when it is cut frequently at 4-5 feet tall is an excellent high protein animal feed. The average protein content of five samples was 14.3% with good energy content and digestibility. The results show that Giant King Grass is much better than wheat straw, corn straw, sorghum silage, Bermuda grass or Sudan grass. It is very similar in nutritional value to oat hay.

Giant King Grass can be used as freshly chopped animal feed, made into hay, silage or feed pellets. Giant King Grass can feed cattle, dairy cows, horses, goats, sheep, pigs and some chickens, turkeys, geese and fish.

The largest applications are to feed cattle and dairy cows. There is a large US domestic market for animal feed, but very important export markets as well. According to the US Department of Agriculture, 109 million metric tons of hay were produced in the US in 2012 and the average domestic selling price for hay was $200 per metric ton. California, Oregon and Washington which are close to seaports provide 95% of the exported hay-- less than 4% of US production-- at an average price of $280 per metric ton. Long Beach in California is the most active port. The largest export customers are Japan, South Korea, United Arab Emirates, Taiwan and China. Previously, the United Arab Emirates and Saudi Arabia provided expensive desalinated water to farmers to locally grow animal feed for their domestic use. They are stopping this practice and are importing hay from the US, Australia, Spain and any other source available. China, Japan and Korea are increasing the amount of dairy in their diets and this leads to higher hay imports. The US Department of Agriculture reports that the 2012 hay export market was $1.2 billion and projects the export demand to grow significantly.

VIASPACE CEO Dr. Carl Kukkonen states, "Giant King Grass was developed as a dedicated energy crop to grow very quickly and tall--14 to 16 feet tall every six months-- and to be used as fuel or feedstock for electricity generation, biofuels and biochemicals.  However for anaerobic digestion to make biogas electricity, the grass is harvested fresh at 4-5 feet tall every 45-60 days. The results for biogas production from Giant King Grass are very good. We realized that because anaerobic digestion mimics the process in a cow's stomach, Giant King Grass should be good animal feed as well. Several samples of Giant King Grass were sent to be tested by the Dairy One Forage Laboratory which is an international leader in forage and feed analysis. They also have an extensive database to compare different forage crops. The results for Giant King Grass are very good. A potential customer also came to our Giant King Grass nursery in California and obtained a sample for independent testing including in vitro digestibility. The results confirmed the data from Dairy One. Giant King Grass is a good animal feed."

Kukkonen continued, "If lower yielding and lower quality grasses can be grown profitably in California, then higher yielding Giant King Grass can be also grown profitably in California for domestic animal feed and for export. Furthermore, VIASPACE also plans to explore growing Giant King Grass in lower cost locations such as Southeast Asia for export to Japan, Korea, China and Taiwan.  The markets in United Arab Emirates and Saudi Arabia can be addressed from Giant King Grass plantations in Southeast Asia or East Africa. A Giant King Grass plantation for animal feed can be quickly established with low capital expenses compared to a power plant." 

VIASPACE Chairman, Dr. Kevin Schewe, concluded: "Animal feed is a new, exciting and very large market for Giant King Grass from VIASPACE. We have been working on the concept of using Giant King Grass for animal feed for some time now, but did not want to 'confuse' our investor audience since we are a 'bioenergy' company. Power plant investors want to be absolutely certain that there is enough Giant King Grass for their power plant. This conservatism leads to a larger Giant King Grass (GKG) plantation than is actually required and using the 'extra' GKG for animal feed increases the profitability of the plantation. We now have a way to create significant additional value for our bioenergy customers. For example, Giant King Grass could be used as animal feed during the time that a GKG plantation is being propagated and developed to fuel a biomass power plant. Furthermore, we intend to use Giant King Grass as animal feed to greatly expand and accelerate our revenue stream creating yet another way to make our company business model more profitable. We are making this announcement simultaneously while we are in negotiations with new clients who are focused on using Giant King Grass for animal feed projects. Our constant goal is to grow our company and the recognized platform uses of Giant King Grass to create revenue and value for our shareholders."

About VIASPACE Inc.VIASPACE grows renewable Giant King TM Grass as a low-carbon fuel for clean electricity generation; for environmentally friendly energy pellets; and as a feedstock for bio-methane production and for green cellulosic biofuels, biochemicals and biomaterials. Giant King Grass is a proprietary, high yield, dedicated biomass clean energy crop that does not compete with or displace food production. For more information, please go to www.VIASPACE.com or contact Dr. Jan Vandersande, Director of Communications, at 800-517-8050 or IR@VIASPACE.com.

Safe Harbor Statement Information in this news release includes forward-looking statements. These forward-looking statements relate to future events or 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 those expressed or implied by these forward-looking statements. Such factors include, without limitation, risks outlined in our periodic filings with the U.S. Securities and Exchange Commission, including Annual Report on Form 10-K for the year ended December 31, 2012, and other factors over which VIASPACE has little or no control.



1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,079.57 -42.44 -0.25%
S&P 500 1,996.74 -3.38 -0.17%
NASDAQ 4,557.6950 -11.9260 -0.26%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs