DESCRIPTION: International Automated Systems, Inc. turns science into technology products for large, growing industries. IAUS has developed one the most remarkable breakthrough solar technologies to date. The company's solar power product uses two of the earth's most abundant and inexpensive materials—plastic and steel. A complex discovery in solar panel design and a unique bladeless turbine has opened the door for what IAUS believes will be a solar power revolution. For the first time ever, a solar power technology legitimately has the potential to compete head to head with fossil fuels.
The company, which has been publicly traded since 1988, is introducing its first two products into the marketplace, and is poised to enter the next phase of growth.
The information provided below is based on the most recent information we have received from analysts, newsletters and other contributors to Streetwise Reports' The Gold Report or The Energy Report. We encourage you to visit the company's web site and call the company for more specifics on this company before you decide to invest.
"Solar energy produced by International Automated Systems, Inc. is now a practical alternative to coal. A revolutionary bladeless turbine enables new solar pods to produce solar power at a lower cost than coal, and free of emissions. Green energy has arrived! Utah's Neldon Johnson has constructed a working prototype in Salem Utah, and full production is soon to begin."
The Energy Report Interview with Ryan Davies (11/05/09)
TER: You're involved with two solar projects for Needles, California. Could you describe how that's working?
RD:. . .As we did our due diligence and looked for the right solar technology, we came across International Automated Systems, Inc. (IAUS:PK) and have become quite enamored with their technology. It's very different from the conventional, traditional solar that you see in the marketplace today.
TER: How does it differ?
RD: The majority of the solar systems in the market today are photovoltaic—it's a reflective, mirror-type technology where the sun's rays hit a reflective surface and bounce off into a collector shield above it. The IAS technology is very, very different in that they've created a technology using simpler, less expensive materials. It's easier and cheaper to mass-produce. Another unique attribute is that they a refractive technology, wherein the sun's light passes through the panels instead off of them. They collect heat, which then heats up a water source. The hot water turns into the steam that propels a turbine. The turbine spins a generator, which creates electricity.
As a result, it's quite different from conventional solar and it's much, much cheaper—quite a bit less expensive to purchase. We're in the process of building the very first commercial plant using IAS technology. All of our engineering reports and research data indicate that this technology will be significantly more efficient than PV. We're quite excited about it.
TER: Is this a patented technology that IAS has?
RD: There are a number of patents on the technology, covering various facets from proprietary panels to the bladeless steam turbine. Several different patents have been issued, and several are pending on various other aspects of the technology and process. Read Entire Article
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