April 9, 2007
IAUS Signs Supply Agreement with Lucite International for Production of IAUS’s New Breakthrough Solar Power Panels SALEM, UTAH-
International Automated Systems, Inc. [IAUS.OB] has announced today that it has signed a supply agreement with Lucite International, a global leader in the design, development and manufacture of acrylic-based products. Lucite International generates over $1 billion in annual revenue. It is the world's leading supplier of Methyl Methacrylate (MMA), and the only organization with production, R&D, sales and marketing facilities in all three major geo-economic regions – the Americas, Europe and Asia.
Lucite International will facilitate high-volume production of IAUS’s new solar panels. IAUS’s unique thin-film solar lenses can be manufactured at a fraction of the cost of today's photovoltaic solar panels. Breakthrough solar power technology developed by IAUS may become the first solar power to compete with gas. Low-cost energy produced by IAUS’s new patented and patent-pending solar technology can be used to generate electricity or produce clean fuels such as hydrogen and green methanol (gasoline replacements) at a competitive price.
“Solar energy runs consistent with Lucite’s commitment to develop and advance “Green” products which promote environmental sustainability,” said Wyndham Draper, Vice President – Sales and Marketing for Lucite International, Inc. “We are looking forward to working with IAUS in the production of this exciting new product.”
Lucite is a solid company with a global presence. The personnel and management at Lucite have been exceptional and forward-thinking at every level,” said Neldon Johnson, President and CEO of International Automated Systems, Inc. “We are very pleased with IAUS’s new relationship with Lucite International.
The world’s energy market is a staggering $3 trillion per year. This is two times larger than the world's agricultural market. Less than 1% of this energy comes from solar power. Yet, every hour the sun radiates more free energy than the entire human population uses in a whole year.
About Lucite International
Lucite International the world’s largest producer of Methacrylates, is successor to the acrylic business of DuPont and ICI. It is the only vertically integrated acrylics producer with manufacturing facilities in every region of the globe, and employs 2,000 people in sales, marketing, R&D, manufacturing, engineering, technology and business support at 16 manufacturing sites and 35 sales offices worldwide. Lucite serves and supports customers in more than 100 different countries.
About International Automated Systems, Inc. (www.iaus.com; IAUS:OB)
Founded in 1988, International Automated Systems, Inc., develops high-technology products for diverse markets such as energy production, wireless communications, consumer purchasing and financial transactions.
Note: Statements contained in this release that are not strictly historical are forward-looking within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such statements are made based upon information available to the company at the time, and the company assumes no obligation to update or revise such forward-looking statements. Editors and investors are cautioned that such forward-looking statements invoke risk and uncertainties that may cause the company's actual results to differ materially from such forward-looking statements. These risks and uncertainties include, but are not limited to, demand for the company's product both domestically and abroad, the company's ability to continue to develop its market, general economic conditions, and other factors that may be more fully described in the company's literature and periodic filings with the Securities and Exchange Commission.