Raser Technologies (WKN: A0CAA8 / RZ ) // NYSE

Raser Technologies Inc. [RZ]

is an environmentally focused technology licensing and development company operating in two business segments. 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™ technology developed internally by its Transportation and Industrial Technology segment. Raser’s Transportation and Industrial Technology segment focuses on extended-range plug-in-hybrid vehicle solutions and using Raser’s Symetron™ 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.

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HOMEPAGE:
http://www.rasertech.com/index.html

DT. BÖRSENPLÄTZE:
http://www.ing-diba.de/cgi-bin/...vi&suchbegriff=US7540551014&x=8&y=3

STOCKCHARTS:
http://stockcharts.com/h-sc/ui?s=RZ&p=D&b=5&g=0&id=0

SHORT QUOTE:
http://www.shortsqueeze.com/?symbol=rz&submit=Short+Quote%99

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01/14/09 Raser Technologies Announces Schedule Of Remaining Commissioining Activities And Delivery Of Power To Anaheim
http://www.rasertech.com/news/scripts/full-news.php?1231941420

...beginning the week of January 25th, the Company expects the cap to be raised further and to be able to ramp delivery of power up to 5-8 MW in various stages with the final ramp up to full capacity expected in February.

This credit agreement helps to prudently fund our growth and development during these challenging economic times, said Martin Petersen, Rasers Chief Financial Officer. We will continue to explore other non-equity based financial structures to provide the capital to complete our 2009 projects and initiate the development of additional future projects. Our ability to continue to access capital in this economy underscores the importance of renewable energy projects and our ability to complete geothermal projects quickly.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities. The securities to be issued to the lenders and the shares of Raser common stock issuable upon exercise of the securities have not been registered under the Securities Act of 1933 or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

About Raser Technologies

Raser (NYSE: RZ) is an environmentally focused technology licensing and development company operating in two business segments. Rasers Power Systems segment is seeking to develop clean, renewable geothermal electric power plants and bottom-cycling operations, incorporating licensed heat transfer technology and Rasers Symetron technology developed internally by its Transportation and Industrial Technology segment. Rasers Transportation and Industrial Technology segment focuses on extended-range plug-in-hybrid vehicle solutions and using Rasers Symetron 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.

Cautionary Note Regarding Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including, but not limited to, statements regarding: our beliefs about the potential for geothermal power generation on our leased properties and its qualification for certain federal tax credits; our beliefs about our ability to exploit the available geothermal resources; our beliefs about the ability of the lenders to provide cash under the terms of the line of credit agreement; our beliefs about our ability to obtain adequate development and permanent project funding or other financing arrangements for our geothermal power projects; our beliefs about our ability to utilize our technology and other available technologies to produce electric power from the available resources; and our beliefs about the geothermal market in general. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the competitive environment and our ability to compete in the industry; our ability to adapt our technology and third-party technology for the intended applications; our ability to secure necessary permits; the strength of our intellectual property; our ability to attract, train and retain key personnel; and such other risks as identified in our quarterly report on Form 10-Q for the quarter ended September 30, 2008, as filed with the Securities and Exchange Commission, and all subsequent filings.

All forward-looking statements in this press release are based on information available to us as of the date hereof, and we undertake no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.

(c)2007 Business Wire. All of the news releases contained herein are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire's members, who warrant that they are solely responsible for the content, accuracy and originality of the information contained therein. All reproduction, other than for an individual user's personal reference, is prohibited without prior written permission.

Raser (NYSE: RZ) is an environmentally-focused technology licensing and development company operating in two business segments. Rasers Power Systems segment is seeking to develop clean, renewable geothermal electric power plants and bottom-cycling operations, incorporating licensed heat transfer technology and Rasers Symetron technology developed internally by its Transportation and Industrial Technology segment. Rasers Transportation and Industrial Technology segment focuses on extended-range plug-in-hybrid vehicle solutions and using Rasers award-winning Symetron 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.

Cautionary Note Regarding Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including, but not limited to, statements regarding: our beliefs about preliminary drilling results; our beliefs about the potential for geothermal power generation on our leased properties; our belief about our ability to exploit the available geothermal resources; our beliefs about the strength and enforceability of our agreements; our beliefs about our ability to successfully negotiate power purchase agreements; and our beliefs about the geothermal market generally. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the competitive environment and our ability to compete in the industry; our ability to adapt our technology for geothermal applications; our ability to secure necessary permits; the strength of our intellectual property; our ability to attract, train and retain key personnel; and such other risks as identified in our quarterly report on Form 10-Q for the quarter ended September 30, 2008, as filed with the Securities and Exchange Commission, and all subsequent filings.

All forward-looking statements in this press release are based on information available to us as of the date hereof, and we undertake no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.

(c)2007 Business Wire. All of the news releases contained herein are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire's members, who warrant that they are solely responsible for the content, accuracy and originality of the information contained therein. All reproduction, other than for an individual user's personal reference, is prohibited without prior written permission.

   * Piper Jaffray Fourth Annual Clean Technology and Renewables Conference on February 19 at 11:30 a.m. ET at the Westin Hotel, New York, NY. The presentation will be webcast live and archived on the conference website http://www.corporate-ir.net/ireye/...zhtml?ticker=RZ&item_id=2082397.


Management will be available for one-on-one meetings during these conferences. Interested attendees may schedule the one-on-one meetings directly with the sponsoring conference representatives.

About Raser Technologies

Raser (NYSE: RZ) is an environmentally focused technology licensing and development company operating in two business segments. 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™ technology developed internally by its Transportation and Industrial Technology segment. Raser’s Transportation and Industrial Technology segment focuses on extended-range plug-in-hybrid vehicle solutions and using Raser’s award-winning Symetron™ 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.

Contacts:

Raser Technologies, Inc.
Richard Putnam, Investor Relations, 801-765-1200
investorrelations@rasertech.com
or
Hayden Communications, Inc
Cameron Donahue, 651-653-1854
cameron@haydenir.com
or
Public Relations contact: Stern&Co.
Richard Stern, 212-888-0044
richstern@sternco.com
or
Alison Simard, 323-650-7117
arsimard@sternco.com

Raser (NYSE: RZ) is an environmentally focused technology licensing and development company operating in two business segments. 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™ technology developed internally by its Transportation and Industrial Technology segment. Raser’s Transportation and Industrial Technology segment focuses on extended-range plug-in-hybrid vehicle solutions and using Raser’s Symetron™ 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.

Cautionary Note Regarding Forward-Looking Statements

This press release and referenced video news release contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including, but not limited to, statements regarding: our beliefs about the performance and market applicability of our products; our beliefs about the status and enforceability of the Company's intellectual property; our beliefs about the strength of our existing and potential business relations in the motor industry; our beliefs about the strength and enforceability of our agreements; our beliefs about the performance capabilities of our technology; our beliefs about the capabilities, expertise and intentions of our partners; our ability to hire, train and retain key personnel; our ability to successfully complete field testing of Symetron™ technologies. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the competitive environment and our ability to compete in the industry; the strength of our intellectual property; our inability to attract, train and retain key personnel; and such other risks as identified in our quarterly report on Form 10-Q for the quarter ended September 30, 2008, as filed with the Securities and Exchange Commission, and all subsequent filings. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we undertake no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.

Contacts:

Raser Technologies, Inc.
Richard Putnam, Investor Relations, 801-765-1200
investorrelations@rasertech.com
or
Hayden Communications, Inc
Cameron Donahue, 651-653-1854
cameron@haydenir.com
or
Public Relations contact: Stern&Co.
Richard Stern, 212-888-0044
richstern@sternco.com
or
Alison Simard, 323-650-7117
arsimard@sternco.com

”We are pleased with this tribute to Raser’s ability to use more readily available geothermal resources and to build new plants economically, thus making clean, geothermal energy price competitive and expanding the nation’s potential energy supply.”

To see the Fast Company article, follow the link below.

http://www.fastcompany.com/fast50_09/profile/list/raser-technologies

About Raser Technologies

Raser Technologies (NYSE: RZ) is an environmentally focused technology licensing and development company operating in two business segments. 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™ technology developed internally by its Transportation and Industrial Technology segment. Raser’s Transportation and Industrial Technology segment focuses on extended-range plug-in-hybrid vehicle solutions and using Raser’s award-winning Symetron™ 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.

About Fast Company Magazine

Fast Company sets the agenda, charting the evolution of business through a unique focus on the most creative individuals sparking change in the marketplace. By uncovering the best and "next" practices, the magazine and website help a new breed of leader work smarter and more effectively. Fast Company empowers innovators to challenge convention and create the future of business.

Cautionary Note Regarding Forward-Looking Statements

This press release contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including, but not limited to, statements regarding: our beliefs about preliminary drilling results; our beliefs about the potential for geothermal power generation on our leased properties and its qualification for certain federal tax credits; our beliefs about our ability to exploit the available geothermal resources; our beliefs about the ability of individuals to provide cash under the terms of the line of credit agreement; our beliefs about our ability to finalize power purchase agreements under favorable terms; our beliefs about our ability to obtain adequate development and permanent project funding; our beliefs about our ability to utilize our technology and other available technologies to produce electric power from the available resources; and our beliefs about the geothermal market in general. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the competitive environment and our ability to compete in the industry; our ability to adapt our technology and third-party technology for the intended applications; our ability to secure necessary permits; the strength of our intellectual property; our ability to attract, train and retain key personnel; and such other risks as identified in our quarterly report on Form 10-Q for the quarter ended September 30, 2008, as filed with the Securities and Exchange Commission, and all subsequent filings.

All forward-looking statements in this press release are based on information available to us as of the date hereof, and we undertake no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.

Contacts:

Raser Technologies, Inc.
Richard Putnam, Investor Relations, 801-765-1200
investorrelations@rasertech.com
or
Hayden Communications, Inc
Cameron Donahue, 651-653-1854
cameron@haydenir.com
or
Public Relations contact: Stern&Co.
Richard Stern, 212-888-0044
richstern@sternco.com
or
Alison Simard, 323-650-7117
arsimard@sternco.com

”We applaud the vision of our leaders in supporting the development of our vast renewable resources,” said Brent M. Cook, CEO of Raser Technologies. ”Many of the provisions in this bill open up new sources of funding for our geothermal projects and energy infrastructure. Not only will new funding channels open, but the geothermal industry may also be able to utilize new structures and funding instruments.

”We remain focused on meeting the growing demands for clean renewable energy while helping our country become more energy independent. We pledge our support to use the financial incentives and investments contained in this legislation to create green jobs and produce clean renewable geothermal power for our country,” said Mr. Cook.

About Raser Technologies

Raser (NYSE: RZ) is an environmentally focused ET (energy technology) licensing and development company operating in two business segments. 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™ technology developed internally by its Transportation and Industrial Technology segment. Raser’s Transportation and Industrial Technology segment focuses on extended-range plug-in-hybrid vehicle solutions and using Raser’s award-winning Symetron™ 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.

Cautionary Note Regarding Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including, but not limited to, statements regarding: our beliefs about preliminary drilling results; our beliefs about the potential for geothermal power generation on our leased properties and its qualification for certain federal tax credits; our beliefs about our ability to exploit the available geothermal resources; our beliefs about the expected timing relating to the testing and commissioning of our geothermal power project; our beliefs about local utility’s ability to complete their work in a timely manner; our beliefs about our ability to obtain adequate development funding; our beliefs about our ability to utilize our technology and other available technologies to produce electric power from the available resources; and our beliefs about the geothermal market in general. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the competitive environment and our ability to compete in the industry; our ability to adapt our technology and third-party technology for the intended applications; our ability to secure necessary permits; the strength of our intellectual property; our ability to attract, train and retain key personnel; and such other risks as identified in our quarterly report on Form 10-Q for the quarter ended September 30, 2008, as filed with the Securities and Exchange Commission, and all subsequent filings.

All forward-looking statements in this press release are based on information available to us as of the date hereof, and we undertake no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.

Contacts:

Raser Technologies, Inc.
Richard Putnam, Investor Relations, 801-765-1200
investorrelations@rasertech.com
or
Hayden Communications, Inc.
Cameron Donahue, 651-653-1854
cameron@haydenir.com
or
Public Relations contact: Stern&Co.
Richard Stern, 212-888-0044
richstern@sternco.com
or
Alison Simard, 323-650-7117
arsimard@sternco.com

www.finanznachrichten.de/...wer-to-the-city-of-anaheim-004.htm

05.03.2009 15:00
Raser Technologies Completes Final Preparations to Begin Delivering Power to the City of Anaheim

Raser Technologies, Inc. (News) (NYSE: RZ), a leader in geothermal power generation, announced today that it has completed final preparations needed to transmit power to the city of Anaheim beginning as early as next week.

The commissioning date was extended while the local utility in Utah completed the installation of the SCADA equipment needed to monitor transmissions on the grid. Raser has already been supplying about 3.5 megawatts (MW) of sustained power generated at the plant to the local utility while final preparations were completed. Raser plans to ramp up the amount of power delivered to Anaheim over the next few weeks.

”We are very pleased with the progress that we have made to date and believe that commissioning of the plant has gone very much in line with expectations,” said Steven Brown, Executive Vice President of Raser. ”While there may be minor modifications needed from time to time, the plant is now ready to complete its ramp up. We have operated all of the UTC units over an extended period and I have been very pleased with their performance as well as the level of dedication the team has shown to complete the work on the project. Once we have the final production well linked to the plant, we expect to be able to ramp up to the 10 to 11 MW net capacity. We expect to be ramped up to about 7 MW and begin sending the power to Anaheim by the end of next week.”

Brent M. Cook, CEO of Raser, said, ”Raser is achieving something that has never been done before in the power generation industry, and in record time. Steve and his team have done a terrific job in putting together the first truly modular commercial geothermal power plant in such a short period of time. All of the generators and components within the plant have now been proven-out in operation and performed above our expectations. We look forward to completing the ramping up process and expect to be at full capacity within the next few weeks.”

... (weiter siehe LINK)

http://www.ariva.de/...l_Lynchs_Cleantech_Leaders_Conference_n2910886

Raser Technologies to Participate in Merrill Lynchs Cleantech Leaders Conference

15:10 06.03.09

PROVO, Utah--(BUSINESS WIRE)--

Raser Technologies, Inc. (NYSE: RZ) announced today that Kraig Higginson, the Companys Chairman, is scheduled to present at the Merrill Lynch Cleantech Leaders conference at 3:00 PM EDT on March 11, 2009, held at 4 World Financial Center in New York City. Merrill Lynchs Cleantech Leaders conference is a multi-sector conference hosting leading companies who focus on advanced technologies and cleantech business practices.

The presentation will be webcast live and archived on the website http://www.veracast.com/webcasts/ml/cleantech09/45114118.cfm.

Management will be available for one-on-one meetings during the conference. Interested attendees may schedule the one-on-one meetings directly with Merrill Lynchs representatives.

... (weiter siehe LINK)

www.greenrightnow.com/kabc/2009/03/11/...er-coming-to-anaheim/

Cool geothermal power coming to Anaheim
March 11th, 2009

By Marice Richter
Green Right Now

Anaheim, Ca., will become a leader in renewable energy when geothermal power operations begin as soon as this week.

Anaheim Public Utilities has teamed with Raser Technologies, a producer of geothermal power, to purchase 11 megawatts of geothermal power, enough electricity to supply about 10,000 homes in Anaheim, a city of about 345,000 residents.

The power will be transmitted to Anaheim from a new power plant in the south central desert of Utah. The plant, the first of its type, allows the electricity to be generated using steam from low to medium heat that is then mixed with a liquid substance. One the substance reaches a boiling point and converts to steam, it is channeled through a turbine to generate the power.

“Geothermal energy best meets the needs of the Utility,” said Marcie Edwards, general manager of Anaheim Public Utilities. “It’s cost-effective, reliable, abundant, and very importantly, produces zero emissions.”

While geothermal power isn’t new, this system is unique because it is able to produce power at a heated temperature of about 220 degrees as opposed to 450 degrees, which is the standard for most geothermal power systems, according to Raser Technologies officials. The low to medium temperature heat source - from thousands of feet below ground - is more widely available than the higher heat source.

Unlike wind and solar power, this type of geothermal power can be produced 24 hours a day, seven days a week.

“These types of green power are taking the place of fossil fuel plants that release emissions into the environment,” said Cameron Donahue, a spokesman for Hayden IR, an investment partner of Raser Technologies. “This also helps the city of Anaheim and the state of California — meet its goal of 20 percent renewable energy by 2015.”

Copyright © 2009 Green Right Now | Distributed by Noofangle Media

Total operating expenses for the year were $38.6 million compared to $16.8 million for the prior year. The increase is primarily due to the Companys decision to expense and take an impairment charge on certain geothermal wells at its Truckee and Thermo sites resulting in a non-cash expense of $13.6 million. The Companys net loss applicable to common stockholders for the year ended December 31, 2008 was $45.5 million, or $(0.79) per basic and fully diluted share, compared to a net loss of $15.7 million, or $(0.29) per basic and fully diluted share for the year ended December 31, 2007.

Rasers cash position at December 31, 2008 was $1.5 million (plus an additional $27.5 million in restricted and escrowed balances) compared to $5.9 million (with an additional $0.1 million in restricted and escrowed balances) at December 31, 2007.

...(weiter siehe LINK)

nur noch ein bischen runter :-))

ih.advfn.com/...pid=staticchart&s=NY%5ERZ&p=0&t=2" style="max-width:560px" />

:-))

Utah, United States [RenewableEnergyWorld.com]

Raser Technologies Inc. and Copper King Mining Corporation announced that they have entered into a geothermal lease agreement covering interests in private, state and federal lands in southwestern Utah. The terms of the lease agreement were not specified.

"Copper King believes that Raser is a cutting-edge company, and we are excited to work with them."

-- Mark Dotson, CEO, Copper King

The lease covers properties in Copper King’s mining holdings, totaling approximately 75,000 acres in various locations throughout Utah. The bulk of the properties are located in Beaver County, Utah, approximately 20 miles north of Raser’s Thermo No. 1 geothermal project, which just recently began exporting power to Anaheim, California, and west of the long-running Blundell geothermal power plant near Milford, Utah.

“Since Copper King is a mining and mineral exploration company, we felt it was wise to let Raser explore our lands for the geothermal resources that we believe may be present. Copper King believes that Raser is a cutting-edge company, and we are excited to work with them,” said Mark Dotson, Copper King's CEO.

:-))

:-))

The SAE World Congress is the largest annual gathering of automotive engineers and typically highlights innovative automotive developments that often are incorporated in future production vehicles. The four-day Congress in Detroit is expected to host over 30,000 industry specialists, engineers and business leaders.

We are excited to be able to demonstrate an electric powertrain for larger vehicles such as trucks and SUVs, said James Spellman, Vice President, of Transportation for Raser Technologies. These are the best selling vehicles in America and can benefit the most from increased fuel economy and reduced emissions. We are also pleased to be exhibiting with our development partner FEV.

We are pleased to support Raser in the development of this exciting project. Our goal in exhibiting this breakthrough vehicle is to demonstrate that electric vehicle technology is a viable solution for a variety of vehicle platforms, said Gary Rogers, president and CEO of FEV. Needs of consumers will continue to vary, and this full-sized SUV range-extended electric vehicle shows that fuel economy does not necessarily mean sacrificing power and utility.

...(weiter siehe LINK)

www.finanznachrichten.de/...-to-the-city-of-anaheim-ca-004.htm

RASER’S HATCH PLANT BEGINS DELIVERING POWER TO THE CITY OF ANAHEIM, CA

Raser Technologies, Inc. (News) (NYSE:RZ), a leader in energy technologies, announced that the Hatch Geothermal Power Plant, Beaver County, UT, began delivering clean, renewable electricity to the City of Anaheim, California today.

The Hatch Plant, named after U.S. Senator Orrin Hatch of Utah, is expected to produce 10 to 11 megawatts (MW) of geothermal power, enough to light up about 9,000 homes in Anaheim, when fully operational. The City of Anaheim signed a 20-year power purchase agreement to receive electricity from the Hatch Plant.

Brent M. Cook, CEO of Raser, said, ”We are very pleased to have achieved yet another milestone in the development of this giant innovation in power plant design.”

The Hatch Plant sits on a large geothermal resource leased by Raser, a portion of which is estimated by independent geological engineers to have more than 230 MW of geothermal power potential, a resource large enough to power one-third of the homes in Utah.

...(weiter siehe LINK)

12.05.2009 01:06
Raser Technologies, Inc. Announces First Quarter Financial Results

Raser Technologies, Inc. (News) (NYSE: RZ), a leading energy technology Company, today announced financial results for the first quarter ended March 31, 2009.

www.finanznachrichten.de/...-quarter-financial-results-004.htm

warten können          :-))

“Since becoming one of our largest investors in 2008, Fletcher has consistently supported our efforts, bringing substantial additional capital and valuable strategic support," said Nick Goodman, Chief Executive Officer, Raser Technologies. “We’re very happy with this expansion of our relationship.”

Moreover, Fletcher may make additional investments of up to $14 million in preferred stock. The additional investment right expires: as to $7 million, between 6 and 12 months after closing and as to the remaining $7 million, between 12 and 36 months after closing, depending on certain conditions. The terms of any additional preferred shares will be identical to the terms of the initial transaction.

Raser intends to use the net proceeds from the transaction to further its geothermal development program and for general corporate purposes.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities. The description of this transaction is qualified in all respects by reference to the transaction documents, which will be filed by the Company with the Securities and Exchange Commission and will be available at www.sec.gov.

About Raser Technologies

Raser (NYSE: RZ - News) 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. Raser’s Transportation and Industrial segment focuses on extended-range plug-in-hybrid vehicle solutions and using Raser’s award-winning Symetron™ 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.

About Fletcher Asset Management, Inc.

Founded in 1991, SEC-Registered Investment Advisor Fletcher Asset Management Inc., Fletcher International, Ltd. and other affiliates in the United States and Europe seek consistent investment returns from their supportive direct investments in responsible companies and in select private investment funds. More than 50 direct investments have strengthened promising companies helping to secure more than 50,000 jobs and develop and deliver important products and services. Additional information is available at www.fletcher.com.

About Capstone Investments

Capstone Investments is a full-service investment bank dedicated to providing corporate finance, strategic advisory and related services to fast-growing companies in the alternative energy, cleantech, healthcare and technology sectors. Capstone also provides equity research and sales and trading services to institutional investors.

Cautionary Note Regarding Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including, but not limited to, statements regarding: our beliefs related to our ability to accelerate or further our development plans and our ability to obtain the additional financing we need for plant construction. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including risks associated with economic conditions, the availability of financing, and the other risks identified in Raser’s quarterly report on Form 10-Q for the quarter ended September 30, 2009, as filed with the Securities and Exchange Commission, and all subsequent filings.

All forward-looking statements in this press release are based on information available to Raser as of the date hereof, and Raser undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this release.