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RZ News Raser Awarded Patent for AC Induction Pancake Motor Technology

PROVO, Utah--(BUSINESS WIRE)--Raser Technologies, Inc. (NYSE Arca: RZ) (“Raser”), a technology licensing company established to develop and license advanced electric motor, controller and related technologies, announced today that it was awarded another patent by the United States Patent and Trademark Office.

This issued patent describes an early stage in the development of Raser’s advanced high efficiency AC induction pancake motors and integrated starter alternators (ISAs). The development of Raser’s AC induction technology has been recognized to provide a unique value option for automakers seeking to reduce the cost of high-power electric motor drive systems for hybrid vehicles. Raser’s proprietary AC induction motor drive technology improves the performance of economical and reliable AC induction motors to rival that of more costly permanent magnet motor drive systems.

Raser was awarded the “Drive System Technology Innovation of the Year Award” by Frost & Sullivan for its development of the smaller, lighter P-50 AC induction pancake motor and hybrid motor and drive system. In addition to advancements in AC induction motors and controllers, Raser has filed several patent applications and is developing significant technologies in the areas of advanced alternator, generator, electric motor and electronic motor control technology for use in industrial, transportation, and power generation markets.

"We have made several generations of improvements since this patent was filed and will continue to actively develop our intellectual property and portfolio of technologies consistent with our business strategy which is focused on these markets,” said Raser CEO, Brent M. Cook.

Market studies indicate that the emerging hybrid vehicle market will grow rapidly over the coming years. Raser is positioning itself to offer automakers one of the lowest cost per kilowatt drive system solutions on the market. The award winning P-50 hybrid drive motor is currently in testing with a major automobile maker. Symetron™ enabled drive motors are also currently being developed for demonstration in next generation hybrid vehicles that have the potential to achieve over 100 mpg gasoline fuel economy.

Kraig T. Higginson, executive chairman of Raser, added, “We feel Raser could be a significant participant in this growing market in the future by offering high performance cost-effective alternatives. Some of our recent advancements may allow Raser to not only penetrate the automotive market, but to expand into a broad range of industrial markets.”

About Raser Technologies

Raser is a publicly traded technology licensing company focused on improving the efficiency of rotating electro-magnetic and heat transfer applications within the transportation, industrial and power generation markets. 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 the following: the growth of the hybrid vehicle market, the Company's beliefs about the Symetron™ technology; the status and enforceability of the Company's intellectual property; the allocation of capital and the Company's commitment to the development and testing of the Symetron™ technologies, its applications, performance characteristics and the business prospects for such technology and the Company; the Company’s belief about the strength of its existing and potential business relations and the application of its technology; and the Company's future results of operations.

These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, change of determination from the United States Patent and Trademark Office, changes in market conditions for the Company's technology, risks associated with commercialization of the technology, and such other risks as identified in our quarterly report on Form 10-Q for the quarter ended June 30, 2006, as filed with the Securities and Exchange Commission, and all subsequent filings, which contain and identify important factors that could cause the actual results to differ materially from those contained in our projections or forward-looking statements.

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.