International Automated Systems

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International Automated Systems, Inc. (IAS or IAUS) is a company with research and development in various industries, that has been involved in many ventures to design, produce, market, and sell high-technology products. It has been publicly traded since 1988, as an over-the-counter stock (stock symbol IAUS.PK). The founder and major shareholder is Neldon Johnson. It is currently based in Salem, Utah, United States, where it was founded in 1987.

Contents

Starting in 2013, [1] IAUS came under fire for questionable claims and practices related to a solar power project. In 2018 IAUS was found guilty of multiple counts of fraud. The company, and Johnson, were ordered to pay $50 million in fines and penalties. [2]

Products

Solar Power

Since 2004, International Automated Systems has put most of its efforts into developing a solar powered electricity generating system, based on solar heat collected by patented lenses and focused on a heat receiving system. This heat is then used to generate steam, which turns patented 'blade-less' turbines, and generates electricity. Prototypes of this system have been demonstrated at several locations. A fully functional electricity generation system has been under construction since 2005 in Delta, Utah.

In 2018, IAUS was found guilty of operating an elaborate fraud scheme. The company's "solar lens" products were found to not produce any electricity, and were marketed mainly as a method to obtain tax credits. Judge David Nuffer wrote: that Neldon Johnson and his associates "knew or had reason to know that their statements about tax benefits purportedly related to buying the solar lenses were false or fraudulent." [3]

Automated Retail

Some of the products or potential products of International Automated Systems include an automated retail self-service checkout system and management software for retail establishments. A demonstration project for this was a grocery store called U-Check that was built and run in Salem, Utah. Portions of International Automated Systems' technology have been licensed to Optimal Robotics for an undisclosed amount of money. However, Optimal Robotics Corporation previously had designed and implemented their own self-check out system, which they reported to have developed completely independently of International Automated Systems. A press release by Optimal Robotics on January 24, 2004, states: "Optimal Robotics Corp. (NASDAQ: OPMR), today announced that it has entered into a settlement agreement with International Automated Systems, Inc. (IAS), which brings to a close the patent lawsuit between the parties. In accordance with the agreement, IAS will receive a sum that is not considered to be material to Optimal." [4]

Biometrics and Fingerprint Identification

International Automated Systems developed a biometric device consisting of an automated fingerprint reader (AFIM = Automated Fingerprint Identification Machine) that was able to read a person's fingerprint, then use that information to create a specific, personalized code number, which could be stored in a small amount of digital space, such as on the magnetic strip of a credit card. People could then use other AFIM fingerprint scanners to identify themselves and purchase items or obtain access to controlled locations and devices in a secured way.

Other Products

The company currently is developing or has developed or partially developed products for airport security systems; automated restaurant systems; 'bladeless' turbines for electrical power generation; and solar technology systems for production of electricity and gasoline.

Related Research Articles

<span class="mw-page-title-main">Electricity generation</span> Process of generating electrical power

Electricity generation is the process of generating electric power from sources of primary energy. For utilities in the electric power industry, it is the stage prior to its delivery to end users or its storage.

<span class="mw-page-title-main">Ocean thermal energy conversion</span> Extracting energy from the ocean

Ocean Thermal Energy Conversion (OTEC) uses the ocean thermal gradient between cooler deep and warmer shallow or surface seawaters to run a heat engine and produce useful work, usually in the form of electricity. OTEC can operate with a very high capacity factor and so can operate in base load mode.

<span class="mw-page-title-main">ABB</span> Swedish-Swiss robotics and electrical equipment company

ABB is a Swedish-Swiss multinational corporation headquartered in Västerås, Sweden, and Zürich, Switzerland. The company was formed in 1988 when Sweden's Allmänna Svenska Elektriska Aktiebolaget (Asea) and Switzerland's Brown, Boveri & Cie merged to create Asea Brown Boveri, later simplified to the initials ABB. Both companies were established in the late 1800s and were major electrical equipment manufacturers, a business that ABB remains active in today. The company has also since expanded to robotics and automation technology.

<span class="mw-page-title-main">Power station</span> Facility generating electric power

A power station, also referred to as a power plant and sometimes generating station or generating plant, is an industrial facility for the generation of electric power. Power stations are generally connected to an electrical grid.

<span class="mw-page-title-main">Solar updraft tower</span> Thermal convection power plant

The solar updraft tower (SUT) is a design concept for a renewable-energy power plant for generating electricity from low temperature solar heat. Sunshine heats the air beneath a very wide greenhouse-like roofed collector structure surrounding the central base of a very tall chimney tower. The resulting convection causes a hot air updraft in the tower by the chimney effect. This airflow drives wind turbines, placed in the chimney updraft or around the chimney base, to produce electricity.

Distributed generation, also distributed energy, on-site generation (OSG), or district/decentralized energy, is electrical generation and storage performed by a variety of small, grid-connected or distribution system-connected devices referred to as distributed energy resources (DER).

<span class="mw-page-title-main">Solar thermal energy</span> Technology using sunlight for heat

Solar thermal energy (STE) is a form of energy and a technology for harnessing solar energy to generate thermal energy for use in industry, and in the residential and commercial sectors.

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<span class="mw-page-title-main">Combined cycle power plant</span> Assembly of heat engines that work in tandem from the same source of heat

A combined cycle power plant is an assembly of heat engines that work in tandem from the same source of heat, converting it into mechanical energy. On land, when used to make electricity the most common type is called a combined cycle gas turbine (CCGT) plant. The same principle is also used for marine propulsion, where it is called a combined gas and steam (COGAS) plant. Combining two or more thermodynamic cycles improves overall efficiency, which reduces fuel costs.

<span class="mw-page-title-main">Vortex engine</span>

The concept of a vortex engine or atmospheric vortex engine (AVE), independently proposed by Norman Louat and Louis M. Michaud, aims to replace large physical chimneys with a vortex of air created by a shorter, less-expensive structure. The AVE induces ground-level vorticity, resulting in a vortex similar to a naturally occurring landspout or waterspout.

<span class="mw-page-title-main">Microgeneration</span> Small-scale heating and electric power creation

Microgeneration is the small-scale production of heat or electric power from a "low carbon source," as an alternative or supplement to traditional centralized grid-connected power.

Machine to machine (M2M) is direct communication between devices using any communications channel, including wired and wireless. Machine to machine communication can include industrial instrumentation, enabling a sensor or meter to communicate the information it records to application software that can use it. Such communication was originally accomplished by having a remote network of machines relay information back to a central hub for analysis, which would then be rerouted into a system like a personal computer.

<span class="mw-page-title-main">Small wind turbine</span> Wind turbines of 500 W to 10 kW power

Small wind turbines, also known as micro wind turbines, generate electricity for small-scale use. These turbines are typically smaller than those found in wind farms. Small wind turbines often have passive yaw systems as opposed to active ones. They use a direct drive generator and use a tail fin to point into the wind, whereas larger turbines have geared powertrains that are actively pointed into the wind.

<span class="mw-page-title-main">Renewable energy in Australia</span>

Renewable energy in Australia includes wind power, hydroelectricity, solar photovoltaics, heat pumps, geothermal, wave and solar thermal energy.

<span class="mw-page-title-main">Renewable energy in the United Kingdom</span> Overview of renewable energy in the United Kingdom

Renewable energy in the United Kingdom contributes to production for electricity, heat, and transport.

<span class="mw-page-title-main">Organic Rankine cycle</span> Variation on the Rankine thermodynamic cycle

In thermal engineering, the organic Rankine cycle (ORC) is a type of thermodynamic cycle. It is a variation of the Rankine cycle named for its use of an organic, high-molecular-mass fluid whose vaporization temperature is lower than that of water. The fluid allows heat recovery from lower-temperature sources such as biomass combustion, industrial waste heat, geothermal heat, solar ponds etc. The low-temperature heat is converted into useful work, that can itself be converted into electricity.

<span class="mw-page-title-main">Concentrated solar power</span> Use of mirror or lens assemblies to heat a working fluid for electricity generation

Concentrated solar power systems generate solar power by using mirrors or lenses to concentrate a large area of sunlight into a receiver. Electricity is generated when the concentrated light is converted to heat, which drives a heat engine connected to an electrical power generator or powers a thermochemical reaction.

A compact linear Fresnel reflector (CLFR) – also referred to as a concentrating linear Fresnel reflector – is a specific type of linear Fresnel reflector (LFR) technology. They are named for their similarity to a Fresnel lens, in which many small, thin lens fragments are combined to simulate a much thicker simple lens. These mirrors are capable of concentrating the sun's energy to approximately 30 times its normal intensity.

<span class="mw-page-title-main">Ormat Technologies</span>

Ormat Technologies, Inc. is an international company based in Reno, Nevada, United States. Ormat supplies alternative and renewable geothermal energy technology. The company has built over 190 power plants and installed over 3,200 MW. As of January 2021 it owns and operates 933 MW of geothermal and recovered energy based power plants. Ormat has supplied over 1000 turbochargers worldwide: North America, South America, Europe, Australia, and Asia. The company's products also include turbines, generators, and heat exchangers.

Identix Incorporated, established in August 1982, designed, developed, manufactured, and marketed user authentication solutions by capturing and/or comparing fingerprints for security applications and personal identification. Markets included corporate enterprise security, intranet, extranet, internet, wireless Web access and security, E-commerce, government, and law enforcement agencies.

References

  1. "Are Utahn's solar projects just pie in the sky? Claims raise questions in Millard County, elsewhere". 21 December 2013.
  2. "Judge issues $50M judgment against 'abusive' Utah solar scheme". 5 October 2018.
  3. "Judge issues $50M judgment against 'abusive' Utah solar scheme". 5 October 2018.
  4. http://www.encyclopedia.com/doc/1G1-112640449.html [ dead link ]

Stock symbol IAUS.PK