August 4th, 2005
IAS Offers Low-Cost Solar Cell Alternative – Facility Scheduled for Production in September 2005
International Automated Systems Inc. (OTCBB: IAUS) indicates that its patented low-cost solar technology may have the potential to complete with gasoline as an energy source. The company reported in an announcement that its solar cell technology could be used to produce clean fuels such as hydrogen. The company also reported that its thin film solar panels could be produced at a fraction of the cost of present day photovoltaic solar panels. The company, which says it is on schedule to mass produce its solar panels by September 2005, indicated that it will be able to produce 200 megawatts of solar panels a year. The company further reports on its web site that its energy system produces electricity at a solar power per kilowatt that is less than the World Government’s goal for solar power in the year 2020. Furthermore, its system does not need an inverter (used to convert DC to AC electricity) or expensive batteries to store the electricity.
International Automated Systems (IAS) also gave some statistics about the energy market. The company reported that an area of 100 square miles is enough land to generate all of the electricity for the entire United States. Overall, the company estimated, the world energy market is $3 trillion, which does not represent the 30 percent of the world that does not have access to electricity.
Neldon Johnson, CEO of International Automated Systems Inc. issued a statement that expressed that the company’s technology was of historic proportions, "The discovery of economical solar energy is more valuable than oil. The sun's energy is free, clean and virtually unlimited. IAS' new solar technology is a discovery of historical proportions that we hope will revolutionize energy production throughout the world."
Besides its solar energy technology, IAS also is involved in turbine technology and integrated circuit technology. The company reports that it has developed a Digital Wave Modulation technology that has the potential to exceed current data transmission rates.