IAUS Announces Manufacturing Breakthrough for Affordable Solar

First 24-hour run of 1,000 kW worth of lenses sets production record for speed and cost, bringing commercial solar into a price range that competes with grid wholesale pricing.

by Sterling D. Allan
Pure Energy Systems News
Copyright © 2007

Artist rendition of IAUS lens pod which tracks the sun to maintain at perpendicular exposure. A 10 kW array will have outer ring diameter of approximately 30 feet.

The focal point of the IAUS lens array is adjustable to maintain the heat at an optimal temperature.

SALEM, UTAH, USA -- International Automated Systems, Inc. [IAUS.OB] announced yesterday that it has successfully finished its first high-volume run of its new breakthrough solar panels.

Nearly 1,000 Kilowatts of IAUS’s solar panels were manufactured in a short 24-hour run. The company estimates that on a 24/7 operating schedule, an estimated 350 Megawatts of IAUS panels could be produced annually.

The IAUS system consists of panels which serve as lenses to focus the sun's heat on a heat exchanger that then produce steam or other high-temperature fluid that is then passed through a simple, patented turbine which is connected to a generator to produce electricity.

The patented Johnson Steam Turbine is extremely simple to make, being small and composed of very few parts. The generator component is off-the-shelf technology, e.g. from General Electric. The company is yet refining the liquid salt heat exchanger portion of the system for optimal efficiency.

The IAUS panel manufacturing plant costs more than ten times less than than a traditional photovoltaic (PV) solar module manufacturing plant with a yearly capacity comparable to the IAUS output.

The bottom-line energy generation cost with the IAUS technology is calculated to be less expensive than the cheapest conventional energy generation sources such as coal, nuclear, hydro or natural gas. Many experts had predicted that no solar power technology would likely accomplish this milestone before the year 2025.

The company is presently accepting orders for the 10 kilowatt arrays, priced at around $30,000 USD. Adding US tax incentives makes the system even more attractive. The system can be purchased for $9,000 down, all of which can be written off as a tax break. Payments don't have to be made on the balance for six years, after which the payments can be made interest-free, or the array can be removed. The energy-generating capacity of the array can save or earn the customer around $2,000 per year. Individuals with millions of dollars can buy a solar power plant and write-off their entire tax burden, while making money on the power generated.

The system comes with a 35-year warranty. The lenses don't go yellow or turn brittle. The system is modular, so if one of the panels is damaged, it can be replaced.

A month ago, the company completed an installation where interested parties can view the technology in operation.

The company is also developing a waste-to-energy technology that could be used in conjunction with solar array to provide continuous power.

IAUS plans to quickly expand its annual solar panel production capacity this year to 1 Gigawatt, which is enough to supply an estimated $2 Billion in sales per year.

"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. IAUS’s new solar technology is a discovery of historic proportions that we hope will revolutionize energy production throughout the world.”

The world energy market is $3 trillion dollars per year. This $3 trillion does not represent nearly 30% of the world that exists without electricity.

About International Automated Systems, Inc.

Founded in 1987, International Automated Systems, Inc. (IAUS:OB) develops and markets high-technology products. The company, which has been publicly traded since 1988, has patented and patent pending technology for diverse markets such as renewable energy production, wireless communications, self-service consumer purchasing and secured financial transactions.

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SOURCES:

IAUS Press Release, Feb. 13, 2007
Steve Brooks, IAUS Distributor (http://www.iassolarenergy.com)