IAUS Signs Agreement with Lucit for Production of New Breakthrough Solar Power Panels
Salem, Utah April 8, 2007
source: IAUS /press release
http://www.iaus.com/news04092007.aspx
International Automated Systems, Inc. (OTCBB:IAUS) 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.