PROVO, Utah--(Business Wire)--
Raser Technologies, Inc. (NYSE:RZ), an energy technology company, today
announced that Raser Vice President, David West was a featured speaker at the
Military Energy & Alternative Fuels Conference in Washington D.C. October 20-21
put on by the Technology Training Corporation. Raser was invited to speak on the
potential military applications of its E-REV (Extended Range Electric Vehicle)
powertrain, recently demonstrated in Raser`s electric Hummer H3E vehicle.
The electric Hummer H3E is the result of a two-year development program in
cooperation with General Motors. The vehicle is powered by Raser`s proprietary
E-REV powertrain. The powertrain was designed to drive America`s trucks, SUVs
and other larger vehicles with over 100 mpg in gas fuel economy. The powertrain
features Raser`s Symetron technology including a custom designed 200kW peak AC
induction traction motor, 100kW continuous PM synchronous generator and unique
dual hybrid drive/ controller. At the conference, Mr. West spoke of the
potential application of Raser`s technology to the military, in particular the
potential of the on-board generator to replace a traditional "tow-behind" mobile
generator with more power.
Mark Mitchell, Conference Director said, "Raser's presence at this conference,
represents the future in military advance automotive technology. Raser has
demonstrated that this technology is ready to be applied to military vehicles to
help increase our nation`s energy security using sustainable alternative fuels."
Some prominent participants in the conference included: General (ret) Paul Kern,
President and Chief Operating officer of AM General, the manufacturer of both
the Military HMMWV and Civilian Hummer H2 SUV, Dr. Allan Hoffman, the DOE Senior
Analyst at the Office of Energy Efficiency and Renewable Energy, Mr. Paul
Schoen, Executive Director, The Boeing Company, Mr. Steven White, Energy Program
Manager, Department of Homeland Security, and many others. The conference was
attended by leading military and private sector specialists on military
vehicles, alternative fuels and operations.
Raser Technologies Chairman, Kraig Higginson, stated, "We believe the strategic
advantages of Raser`s E-REV powertrain can be of benefit to the military. As we
move forward now with the commercialization of our E-REV technology, we hope to
work closely with the military to demonstrate its high-power, fuel economy, and
mobile power generation capabilities."
About the Military Energy and Alternative Fuels Conference
The Military Energy & Alternative Fuels Conference is one of the leading
military conferences on alternative fuels and renewable energy and attracts many
of the nation`s military and civilian leaders.
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.
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.
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 and technology; our beliefs about the status and enforceability of the
Company`s intellectual property; our beliefs about the performance capabilities
of our technology; our beliefs about the capabilities, expertise and intentions
of our partners and potential partners. 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; 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
June 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 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 report.
Raser Technologies, Inc.
Investor Relations
Issa Arnita, 801-765-1200
investorrelations@rasertech.com
or
Hayden IR
Cameron Donahue, 651-653-1854
cameron@haydenir.com
Copyright Business Wire 2009
