IAUS Inks $150 Million Deal for Its New Breakthrough Solar Technology

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.

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