IAUS .41-
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(BSNS WIRE) Solar Power Breakthrough; New Low-Cost Solar Energy May Replace G
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Solar Power Breakthrough; New Low-Cost Solar Energy May Replace Gas
Business Editors / Energy Editors
SALEM, Utah--(BUSINESS WIRE)--July 27, 2005--
Will solar energy ever overtake the oil market? The
solar revolution may be closer than you think.
Breakthrough solar power technology developed by International
Automated Systems Inc. (OTCBB: IAUS) may become the first solar to
compete with gas. Low-cost energy produced by IAUS' 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.
IAUS' unique thin-film solar panels can be produced at a fraction
of the cost of today's photovoltaic solar panels. IAUS is on schedule
to begin mass production of its solar panels by September 2005. Once
in production, IAUS will be able to turn out nearly 200 megawatts of
solar panels yearly, nearly 10 times greater capacity than a $100
million photovoltaic fabrication plant.
A solar area of only 100 square miles -- a size of land that
equals only nine percent of the state of Nevada -- can generate enough
electricity for the entire United States.
"The discovery of economical solar energy is more valuable than
oil," said Neldon Johnson, president and CEO of International
Automated Systems Inc. "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."
The world energy market is $3 trillion per year. This $3 trillion
does not represent nearly 30% of the world without electricity.
About International Automated Systems Inc. (www.iaus.com)
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. The company, founded by a former AT&T communications
engineer, is based in Salem, Utah.
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.
KEYWORD: NORTH AMERICA UTAH UNITED STATES
INDUSTRY KEYWORD: ENERGY ALTERNATIVE ENERGY COAL OIL/GAS TECHNOLOGY NATURAL RESO
RCES ENVIRONMENT PRODUCT/SERVICE
SOURCE: International Automated Systems Inc.
CONTACT INFORMATION:
International Automated Systems Inc., Salem
Randy Johnson, 801-423-8132
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