Raser Technologies Hosts Utah Governor Jon Huntsman at New Geothermal Power Plant to Sign Renewable Energy Bills

New Legislation Will Promote Renewable Energy Development in Utah and Create a
Blueprint for Other States
PROVO, Utah--(Business Wire)--
Raser Technologies, Inc. (NYSE: RZ), a leading energy technology company,
announced today that Utah`s Governor Jon Huntsman visited Raser`s Hatch
geothermal power plant near Thermo, Utah, as part of a tour of Utah`s Renewable
Energy Zone, and to ceremonially sign two important renewable energy bills:
House Bill 430 and Senate Bill 76.

Senate Bill 76 establishes a Renewable Energy Transmission Authority, or UGREEN
Authority (Utah Generated Renewable Energy Electricity Network Authority), which
will provide financial incentives and state support to upgrade the electrical
grid, making it possible for Utah`s abundant supply of geothermal, wind, solar
and other renewable energy resources to be developed to help meet the nation`s
energy needs. UGREEN is designed to help renewable energy projects gain
appropriate transmission access to the markets where power is needed. The second
bill, House Bill 430, provides major tax incentives to renewable projects,
including a refundable certificate up to the amount of the economic benefit
realized by the state from new state revenues.

Noting that Utah has natural resources that can be economically developed and
managed responsibly to provide much of the West`s renewable energy demands,
Governor Huntsman said, "I am pleased to see home-grown businesses, like Raser,
take a leadership role in developing our geothermal resources for the benefit of
us all."

Brent M. Cook, CEO of Raser, said, "We are proud to be one of the inaugural
renewable energy projects up and running in the state`s new renewable energy
zone. In signing this legislation, Governor Huntsman is marking the dawn of
Utah`s renewable energy era through the support that our state government is
providing."

He added that Raser`s Hatch geothermal plant in Beaver County, Utah, began to
deliver electrical power to the city of Anaheim, Calif. last week.

The Hatch geothermal power plant was constructed in just six months. This rapid
development was made possible by Raser`s innovative modular power plant design.
In addition, this low-temperature technology can produce power from the nation`s
vast reserves of geothermal resources that were previously thought to be not hot
enough for commercial power production.

"This legislation," Cook concluded, "will promote the development of Utah`s
substantial geothermal resources to produce clean, renewable energy for the
state, and launch many more facilities like the Hatch plant in Utah and
throughout our nation."

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 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 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 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 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 annual report on Form 10-K
for the quarter ended December31, 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.

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

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