International Automated Systems Inc. (OTCBB: IAUS) and C&P Engineering and Manufacturing
Co. Inc. have entered into a collaborative agreement to produce and market IASU’s turbine based mini-power plant technology.
The mini-turbine is used to turn waste heat into energy, a market the company estimates could be worth billions.
C&P indicated that the technology was revolutionary. According to Bill Selkirk, VP of sales
and R&D of C&P Engineering and Manufacturing Co. Inc., "We have initiated the first phase and are extremely excited
about IAUS' breakthrough turbine engine. The technology is ingenious and has revolutionary implications. With this new product,
Indiana will likely become a leader and template for others to follow in becoming an environmental advocate while advancing,
not jeopardizing the well-being of businesses." The State of Indiana, along with other states, offers incentives for business
that purchase equipment that produces electricity from waste heat.
Besides waste heat, IAUS' turbine engine can use a variety of other renewable energy resources
to generate electricity. The company lists these as biomass, natural gas, wood, coal, propane and solar heat.
Another feature of the mini-power plant, according to the company, is that it is virtually
maintenance free and does “not” wear out in only two to three years, like diesel combustion energy generators
are known to do.
