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RZ News Raser Vice President to Speak in Panel Discussion on PHEVs at the Electric Drive Transportation Association Conference

WASHINGTON--(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 will be exhibiting at the Electric Drive Transportation Association’s (EDTA) Conference & Exposition 2006 in Washington, D.C. November 28-30.

Raser Vice President of Marketing, David West, will join a panel of experts, including Bob Graham from the Electric Power Research Institute, to give an Industry Status Report on Plug in Hybrid Vehicles beginning at 9:00 a.m. Thursday, November 30, 2006, at the Hyatt Regency Washington.

Keynote speakers at the Conference include Jim Press, President of Toyota Motor Corporation America, John Bryson, Chairman, President & CEO of Edison International, Alexander Karsner, Assistant Secretary for Energy Efficiency and Renewable Energy (EERE) and North Dakota Senator Byron Dorgan.

Raser will be exhibiting its automotive line of technology, including the new P-100 motor design, the award winning P-50 Integrated Starter Alternator (ISA) and the new high power, high efficiency brushless alternator technology for the first time in the U.S. at the EDTA conference. The P-100 is designed to deliver the higher power and economy required by the new electric dominant hybrid vehicles such as plug-in hybrids, fuel cell and all electric vehicles. In addition to exhibiting its technology, Raser executives will be meeting with government and industry leaders to build support for hybrid vehicle development and tax incentives.

The conference includes several events dedicated to plug-in hybrid electric vehicles (PHEVs), including a special luncheon on Plug in Hybrid Electric Vehicles and the Infrastructure of the Future, and two workshop sessions on PHEVs lead by industry experts.

“In addition to offering advanced automotive motor technology, Raser works closely with leading industry associations such as the EDTA and the Hybrid Consortium, to help build a strong unified voice to foster government support and funding for hybrid, electric and fuel cell vehicles,” said David West, Vice President of Marketing for Raser.

Raser’s AC induction based technology, recently awarded the Drive System Technology Innovation of the Year Award by Frost & Sullivan, achieves its high performance through advancements in motor control software and motor design, without requiring the use of permanent magnets. It is designed to offer automakers and their suppliers the performance and form factors comparable to PMSM-based systems, but provide the economy and reliability of the AC induction based platform. This cost-effective alternative can help automakers reduce costs and improve reliability to bring next generation hybrids more within reach of mainstream consumers.

“Utility and electric power companies will play an increasingly significant role in delivering the energy needed for tomorrow’s hybrid vehicles," added Raser Chief Executive Officer Brent M. Cook. "Raser’s Well-to-Wheels Renewable Energy Strategy offers a strategic balance of clean renewable electric power from geothermal sources and advanced electric motor and generator technology for the new electric dominant vehicles.”

About EDTA

The EDTA conference was organized to increase the profile for electric drive among policy makers and opinion leaders and to foster greater collaboration between industry and government. The 2006 EDTA annual conference is titled Achieving Energy Independence Through Electric Drive: Industry and Government, Working Together. EDTA is an industry association dedicated to advancing electric drive as a core technology on the road to sustainable mobility, and serves as a unified voice for the industry in Washington, D.C. More information at: http://www.edtaconference.com/index.php

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

This press release may 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 the Company's beliefs about its technology the Company's beliefs about the Symetron^TM technology, and the design of the P-100 motor and the P-50 Integrated Starter Alternator in particular, and the value of such 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 its 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.

Any such forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including but not limited to, differences in testing and actual conditions, changes in determinations made by the United States Patent and Trademark Office, changes in market conditions for the Company's technology, risks associated with commercialization of the technology; the Company’s operating history and history of losses, the Company’s inability to compete effectively in the marketplace, the Company’s inability to improve on the strength of its patents and other intellectual property; our inability to project the value of the hybrid market and such other risks as identified in our quarterly report on Form 10-Q for the period ended September 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.