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Raser Technologies Rings Opening Bell at New York Stock Exchange.

Raser's 100+ MPG Hummer H3 is Showcased on Wall Street

PROVO, Utah -- Raser Technologies, Inc. (NYSE: RZ), a leading energy technology company, was invited by the New York Stock Exchange (NYSE) to ring The Opening Bell(SM) at the NYSE today commemorating Raser's recent listing on the "Big Board" where it began trading in December 2008.

"We are very pleased to be listed on the New York Stock Exchange, the world's premier market for publicly traded companies that offers greater access to global capital markets," said Kraig Higginson, Chairman of Raser Technologies.

"We are pleased with the recent addition of Raser Technologies to our family of NYSE-listed companies," said Scott R. Cutler, NYSE Euronext EVP and Head of Listings, Americas. "Raser offers important contributions that may help solve two of our biggest challenges today by generating clean renewable electric power, and enabling the use of that power in revitalizing our auto industry. We look forward to a long-standing partnership with Raser and its shareholders."

Raser and the NYSE showcased Raser's Electric Hummer H3 for the media in front of the NYSE building on Broad Street as part of the bell ringing ceremony. The 100+ mpg electric Hummer was recently introduced in Detroit with California Governor Arnold Schwarzenegger attending the unveiling.

"The Electric Hummer H3 was developed in cooperation with GM and its Hummer division with integration support from FEV," said Higginson. "The Electric H3, powered by Raser's proprietary E-REV powertrain, is a four-wheel drive SUV designed to achieve more than 100 mpg in typical local daily driving with near zero emissions by driving its first 40 miles per day in all-electric mode." Video of the H3 test drive can be seen at www.rasertech.com/hummer.

FEV collaborated with Raser in the development of the Hummer H3 by performing the full vehicle integration including electrical and mechanical design. FEV also developed the software for the hybrid control unit and in-vehicle graphic display.

Gary Rogers, President and CEO of FEV, Inc., commented, "FEV brings broad experience regarding all of the technical aspects associated with supporting an OEM as they bring a vehicle into production. This vehicle exemplifies what FEV can contribute to projects like this. Our partnership with Raser has been very successful and we look forward to expanding our collaboration with them."

Raser also showcased the world's first modular geothermal power plant, which is now delivering clean renewable electricity to the City of Anaheim, CA. The geothermal power plant was constructed in just six months, using a new technology that is capable of generating electricity from more widely available low-to-moderate temperature geothermal resources. The rapid development was made possible by Raser's proprietary modular power plant design.

"By replicating the success of this modular geothermal power plant across the company's large portfolio of geothermal holdings, we can now begin to unlock this nation's vast reserves of geothermal resources that were previously thought to be below viable temperatures for commercial power production," said Brent M. Cook, CEO of Raser Technologies.

About Raser Technologies

Raser (NYSE: RZ) is an environmental Energy Technology company focused on geothermal power development and technology licensing. Raser's Power Systems segment is seeking to develop clean, renewable geothermal electric power plants and bottom-cycling operations, incorporating licensed heat transfer technology and Raser's Symetron[TM] technology developed internally by its Transportation and Industrial segment. Raser's Transportation & Industrial segment focuses on extended-range plug-in-hybrid vehicle solutions and using Raser's award-winning Symetron[TM] technology to improve the torque density and efficiency of the electric motors and drive systems used in electric and hybrid-electric vehicle powertrains and industrial applications. Further information on Raser may be found at: www.rasertech.com.

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Publication:Business Wire
Date:May 1, 2009
Words:620
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