Raser to Unveil Advanced Series Plug-in-Hybrid Drive System Design at SAE World Congress...

Raser to Unveil Advanced Series Plug-in-Hybrid Drive System Design at SAE World Congress in Detroit

New Powertrain and System Control Technology Now Under Development
for Extended-Range Plug-In Hybrid SUVs and Light Trucks Using Raser's
Symetron(TM) Technology Targeting Utility and Government Fleets with
Anticipated 100 MPG
PROVO, Utah--(Business Wire)--
Raser Technologies, Inc. (NYSE Arca: RZ) announced today it will
be unveiling components of a new advanced extended-range plug-in
series hybrid electric vehicle powertrain and integrated drive system
designed for full-size SUVs and pickup trucks in conjunction with its
systems integration partner, FEV, at the Society of Automotive
Engineers (SAE) World Congress in Detroit, Michigan April 14-17, 2008.
The extended-range plug-in series hybrid architecture integrates
Raser's Symetron(TM) technology in an advanced 200 kilowatt (kW) peak,
100 kW continuous AC induction motor and power electronic traction
drive and a 100 kW PM synchronous generating system and a 700 volt
lithium-ion battery and power management system that is expected to
enable an average 100 miles per gallon fuel consumption in full-size
fleet SUVs and service trucks.

A full-size plug-in series hybrid SUV with this new powertrain is
designed to drive 40 miles in all-electric mode under battery power,
with near zero emissions. Fleet versions of this extended range
electric vehicle are expected to offer up to 50 kW of exportable power
from the onboard generator, a highly valued feature by utility and
other fleets.

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 honored to be a part of this exciting Congress and to be
able to demonstrate what we believe to be the next generation of
hybrid electric vehicles. These vehicles offer a realistic pathway to
reduced vehicle emissions, independence from imported oil, and
cost-effectiveness for the consumer," said James Spellman, Vice
President of Transportation for Raser Technologies. "We are also very
pleased to be exhibiting this innovative powertrain and master control
system with our development partner on this project, FEV."

"We admire Raser's vision and look forward to completing the
development of this innovative drive system," said Dr. Joachim
Wolschendorg, vice president, Vehicle and Drivetrain Engineering
division and CTO of FEV, Inc. "FEV is uniquely qualified to provide
all of the necessary resources to help Raser integrate this advanced
technology into products for production."

About Raser Technologies

Raser (NYSE Arca: RZ) is a publicly-traded, green-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(TM) 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(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.

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 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(TM) 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-K for the quarter ended December 31, 2007, 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.

Raser Technologies, Inc.
Richard Putnam, 801-765-1200 (Investor Relations)
investorrelations@rasertech.com
or
Hayden Communications, Inc.
Cameron Donahue, 651-653-1854
cameron@haydenir.com

Copyright Business Wire 2008