Friday, May 1, 2009

Raser Technologies

Raser Technologies will hold a number of media interviews at the NYSE in conjunction with its bell ringing activities to discuss its rapid deployment of geothermal power plants as well as its EREV demonstration vehicle.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 SymetronTM 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 SymetronTM 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.

Raser Technologies, a leading energy technology company, rang The Opening Bell at the New York Stock Exchange (NYSE) this morning commemorating its listing on the Big Board where Raser recently began trading in December 2008 and thus once more putting the creation of alternative and green energy sources in the public spotlight.“To help celebrate this momentous occasion, we will bring our recently unveiled extended-range electric vehicle, the H3 Hummer E-REV,” said Kraig Higginson, Chairman of Raser Technologies. “This vehicle is powered by Raser’s E-REV powertrain and was developed in conjunction with Raser’s integration partner, FEV, as well as a global automaker. The full-size SUV is a four-wheel drive vehicle and designed to achieve over 100 mpg in typical local daily driving with near zero emissions by driving up to 40 miles per day in all-electric mode.”

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