SALEM, Utah--(BUSINESS WIRE)--Following a successful high-volume run of its new breakthrough solar
panels, International Automated Systems, Inc. (OTCBB:IAUS) has been
conducting tests to identify the parameters of its new product. The new
panels have delivered an exciting performance that is in line with
preliminary expectations.
IAUS’s unique thin-film solar panels have a
solar insolence transmittance efficiency of nearly 92%- virtually the
highest transmittance physically possible of any material. These
breakthrough solar panels have shown a conversion of solar energy from
the sun into temperatures of over 1,300 degrees F.
Initial IAUS data has demonstrated that IAUS’s
new solar panels focus as high as 30% more solar energy onto its
receiver than traditional solar power trough systems typically achieve.
Recent advancements will likely increase this number again to more than
50%. IAUS’s solar panels have an estimated
life-span of greater than fifty years when properly maintained, and are
inexpensive to replace.
IAUS’s unique thin-film solar panel can be
produced at a fraction of the cost of today’s
traditional photovoltaic solar panels. IAUS believes its new product is
the first solar power technology with legitimate potential to compete
with gas and other fossil fuels. 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. Many experts had
predicted that no solar power technology would likely accomplish this
milestone before the year 2025.
During its first high-volume run, nearly 1,000 Kilowatts of IAUS’s
solar panels were manufactured in a short 24-hour period. On a 24/7
operating schedule, an estimated 350 Megawatts of IAUS panels can be
produced annually. In comparison, a traditional photovoltaic (PV) solar
module manufacturing plant with a yearly capacity equal to IAUS would
cost an estimated $840 Million to construct.
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 International Automated Systems, Inc. (www.iaus.com)
(OTCBB:IAUS)
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.
Source: IAUS/ Business Wire
