Raser Technologies Releases ”Up to Speed” Video Highlighting Geothermal and Technology Developments
Raser Technologies, Inc. (NYSE Arca:RZ) announced today that it has released the Company’s 7th edition of its online video report called “Up to Speed.”
“Up to Speed – Volume 7,” released today on Raser’s website, is the latest in a series of video reports from Raser’s CEO and top management that updates shareholders, customers and interested stakeholders about the Company’s progress on its corporate initiatives and strategic business plan. This latest edition contains additional discussion about Raser’s recently announced monetization agreement with Merrill Lynch, progress toward geothermal green-energy production, geothermal site developments, an agreement with HHI and other Raser developments. The “Up to Speed” video can be viewed at http://rasertech.com/uptospeed.
About Raser Technologies
Raser (NYSE Arca:RZ) is a publicly-traded, environmentally-focused technology licensing and development company operating in two business segments. Raser’s Transportation and Industrial Technology segment focuses on using Raser’s award-winning Symetron™ technology to improve the efficiency of electric motors, generators, power electronic drives and other applications. 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. Further information on Raser may be found at: www.rasertech.com.
Cautionary Note Regarding Forward-Looking Statements
The video discussed in 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 federal tax credit; our belief about our ability to exploit the available geothermal resources; our beliefs about the strength and enforceability of our agreements; our beliefs about the ability of the parties to meet the conditions imposed in the funding agreements; our beliefs about the geothermal market generally; our beliefs about our ability to utilize our technology and other available technologies to produce electric power from the available resources; our beliefs about our ability to secure the equipment and services, on acceptable terms, required to complete our power projects; our ability to attract alliance, monetization or financial partners for the power projects we intend to develop; our beliefs about our ability to successfully conclude contract negotiations on acceptable terms; our beliefs about the performance and market applicability of our products; our beliefs about the status and enforceability of our intellectual property; our beliefs about the strength of our existing and potential business relations in the motor industry; our beliefs about the performance capabilities of our technology; our ability to commercially license our technology; our ability to hire employees sufficient to accelerate engineering and testing; and our ability to successfully complete testing and verification 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; 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, 2007, as filed with the Securities and Exchange Commission, and all subsequent filings.
All forward-looking statements in this video 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.