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texvet4
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IAUS Inks $150 Million Deal for its New Breakthrough Solar Technology, New Low-Cost Solar Energy

SALEM, Utah, Feb 09, 2006 (BUSINESS WIRE) -- International Automated Systems Inc. (OTCBB: IAUS) has signed a $150 million purchase and installation contract to install a turnkey 100-megawatt power plant for Solar Renewable Energy-1 LLC of Nevada.

The Nevada installation will showcase IAUS' solar collector lenses, which generate steam to its patented turbines for solar thermal-generated power. Low-cost energy produced by IAUS' new 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.

After viewing IAUS' proprietary technology, Charlie Vaughn, PE, former president of Nevada Power's coal subsidiary and former vice president of power generation for Nevada Power, stated, "The turbine with the rocket nozzle is so simple; it can be operated almost at will. I'm surprised someone didn't think of it before now. But, the item that places this solar technology in the same play park with fossil-fuel technologies today is the new solar panel. This is a real breakthrough in cost for renewable energy."

The thin acrylic lens focuses the sun like a huge magnifying glass on heat receivers. The solar collector, in combination with IAUS' bladeless turbine, equals lower capital costs and maintenance, plus higher efficiency. This enables IAUS and its customers to compete with the increasing cost in the fossil-fuel energy market ... with low-cost renewable energy.

Vaughn is CEO of Solar Renewable Energy-1 LLC. The contract has conditions for the 550-acre project, including finalizing the funding agreement. The power purchase agreement for the solar power is to be consummated and approved by the Public Utility Commission Nevada.

The state of Nevada legislature requires and mandates that 9% of electricity sales in 2006 be renewable energy. This requirement will continue to increase until 2015, when it reaches 20%. Solar energy will help satisfy this Renewable Portfolio Standard (RPS). Nevada's Lieutenant Governor, Loraine Hunt, has stated that, "Nevada's abundant sunshine has the potential to become the Middle East of renewable energy."

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.

SOURCE: International Automated Systems Inc.

CONTACT: International Automated Systems Inc., Salem
Neldon Johnson, 801-423-8132


Copyright Business Wire 2006

-0-

KEYWORD: United States
North America
Nevada
Utah
INDUSTRY KEYWORD: Energy
Alternative Energy
Utilities
Other Energy
Government
Federal
Government Agencies
State/Local
SUBJECT CODE: Product/Service

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Making money... one penny at a time

Posts: 240 | From: Deep in the Heart of Texas | Registered: Jul 2005  |  IP: Logged | Report this post to a Moderator
texvet4
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It's on a pullback now, good entry point

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Making money... one penny at a time

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texvet4
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1.19x1.20

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Making money... one penny at a time

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texvet4
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here we go...1.21x1.22

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Making money... one penny at a time

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texvet4
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approaching HOD...1.24x1.25

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Making money... one penny at a time

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jordanreed
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[ February 09, 2006, 11:26: Message edited by: jordanreed ]

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jordan

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foxtrot6
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Anyone still in this one, found it today their web site seems to be out of date.
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a surfer
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UP !!!!! 50+% today
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a surfer
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wow


Solar Power Breakthrough: IAUS Hits Milestone Previously Thought to Be Impossible
Tuesday February 13, 11:35 am ET


SALEM, Utah--(BUSINESS WIRE)--International Automated Systems, Inc. (OTCBB: IAUS - News) announced today 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. 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.
ADVERTISEMENT


IAUS's unique thin-film solar lens 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 in the immediate future. 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.

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. (www.iaus.com; IAUS:OB)

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.


Contact:
International Automated Systems, Inc., Salem
Neldon Johnson, 801-423-8132
contact*iaus.com

--------------------------------------------------------------------------------
Source: International Automated Systems, Inc.

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a surfer
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2 billion!!!!!!!!!!!!!!!!
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gryffindor
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i'm intrigued....anybody have a good scoop on this?

hey let's see this go $1 + !

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a surfer
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http://stockcharts.com/charts/gallery.html?iaus

Tons of form 4 sells... Not good IMO

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mo-rydr
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I just talked to the IR dept. Rep (Todd) using the phone number at their website IR page ( www.iaus.com ), they said that the shares sold on the Form 4's by company officers, were to raise capitol to set up for their current production capacity.

If you look at their last Form 10-QSB (11-30-2006) you'll see that they were low on cash and not yet in production.

They said that todays PR was to let everyone know that they are up and running. Their initial contract is for 100 Megawatts worth of solar panels, so you see by their PR that this is a sizeable order. And they are not worried about having plenty of orders logged by the time that they have filled this order.

They are very happy and confident with where they are at right now.

I picked up 1,400 shares at .75 am happy at that!

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Hi-ho Momo, awayyyy...

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a surfer
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Thanks for the clarification Mo!!!
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urnso77
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up 13% today! .77 nice to see it heading in this direction.
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