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, using for example, the pumped-storage method.

Ocean thermal energy conversion (OTEC) is a renewable energy technology that harnesses the temperature difference between the warm surface waters of the ocean and the cold depths to run a heat engine to produce electricity. It is a unique form of clean energy generation that has the potential to provide a consistent and sustainable source of power. Although it has challenges to overcome, OTEC has the potential to provide a consistent and sustainable source of clean energy, particularly in tropical regions with access to deep ocean water.

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

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<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.

<span class="mw-page-title-main">Distributed generation</span> Decentralised electricity generation

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. Solar thermal collectors are classified by the United States Energy Information Administration as low-, medium-, or high-temperature collectors. Low-temperature collectors are generally unglazed and used to heat swimming pools or to heat ventilation air. Medium-temperature collectors are also usually flat plates but are used for heating water or air for residential and commercial use.

Electrification is the process of powering by electricity and, in many contexts, the introduction of such power by changing over from an earlier power source. In the context of history of technology and economic development, electrification refers to the build-out of the electricity generation and electric power distribution systems. In the context of sustainable energy, electrification refers to the build-out of super grids with energy storage to accommodate the energy transition to renewable energy and the switch of end-uses to electricity.

<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

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<span class="mw-page-title-main">Environmental technology</span> Technical and technological processes for protection of the environment

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

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

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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.

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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. Archived from the original on December 24, 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