Raser Technologies

Press Releases

PG&E Is First To Receive Extended Range Electric Fleet Trucks From Raser Technologies

Jul 27th, 2010  

SAN JOSE, CA, July 27, 2010 –Pacific Gas & Electric Company (PG&E) and Raser Technologies, Inc. (NYSE: RZ), announced today that PG&E will be the first company in the United States to take delivery of Raser’s new extended range electric (E-REV) fleet trucks, designed to achieve an average of 100 miles per gallon in typical [...]



Raser Technologies Releases a Video of the Western Governors’ Association Annual Meeting And Raser’s Recently Announced Partnership With Hyundai Heavy Industries

Jul 14th, 2010  

Provo, UT, July 14, 2010 – Raser Technologies, Inc. (NYSE: RZ), an energy technology company, announced today that it has released a website video regarding Raser’s participation in the 2010 Western Governors’ Association Annual Meeting as well its recently announced partnership with Hyundai Heavy Industries. To view the video click here www.rasertech.com/wga2010   About Raser [...]



Raser Technologies Announces Agreement And Substantial Payment Of Thermo No. 1 Debt Obligations

Jul 13th, 2010  

Provo, UT, July 13, 2010 – Raser Technologies, Inc. (NYSE: RZ), an energy technology company, announced today that it has entered into an agreement with the senior secured lender that provided the debt financing for the Thermo No. 1 geothermal power plant to repay a substantial portion of the debt.  Under the arrangement, the lender [...]



Raser Technologies Announces Extension of Thermo No. 1 Final Completion Date

Jul 1st, 2010  

Provo, UT, July 1, 2010 – Raser Technologies, Inc. (NYSE: RZ), an energy technology company, announced today that it reached an agreement to extend the Final Completion Date for the Thermo No. 1 project from June 30, 2010 to July 9, 2010, after which time Raser expects to provide an update on the project, including [...]



Raser Technologies And Hyundai Heavy Industries Announce Memorandum of Understanding For Joint Development Of Renewable Energy And Electric Vehicles

Jun 29th, 2010  

 A U.S. Green Energy Company and Korean Manufacturing Giant Team for Well-to-Wheels Development of Renewable Energy and Electric Vehicles Provo, Utah, June 29, 20010 –Raser Technologies, Inc. (“Raser”) (NYSE: RZ), an  energy technology company, and global manufacturing giant Hyundai Heavy Industries (“HHI”) announced today that the two companies have signed a Memorandum of Understanding (“MOU”) [...]



Raser Technologies Provides Update on Drilling at Lightning Dock, New Mexico Project

Raser Technologies Provides Update on Drilling at Lightning Dock, New Mexico Project

Jun 22nd, 2010  

Provo, UT, June 22, 2010 – Raser Technologies (NYSE: RZ) began drilling on its second geothermal project located in the Animas basin in southwestern New Mexico. “We’re making good progress,” said Ben Barker, Raser’s Vice President of Resource Management.  “Right now we’re cleaning the mud out of the hole and changing it over to fresh [...]



Raser Technologies Hires Former General Motors Senior Engineers and Executives To Lead Raser’s Hybrid Electric Fleet Truck Program

Jun 14th, 2010  

  Provo, UT, June 14, 2010 – Raser Technologies, Inc. (NYSE: RZ), an energy technology company, announced today that it has hired four former General Motors executives to lead Raser’s Plug-In Hybrid Electric Vehicle (PHEV) program for fleet trucks.  “We are excited to make the announcement and welcome these very talented senior engineers and executives [...]



Raser Technologies Begins Drilling on its Lightning Dock, New Mexico Project

Jun 1st, 2010  

Provo, UT, June 1, 2010 – The Renewables Energy Group of Raser Technologies, Inc. (NYSE: RZ), an energy and technology company, announced today that it recently began drilling on its Lightning Dock project in New Mexico.  The drilling is being performed by Barbour Well, Inc. of Henderson, Nevada under the direction of Raser’s Vice President [...]



Raser Technologies to Present At The Platts Second Annual Geothermal Energy Conference and The 2010 RBC Global Energy and Power Conference

May 27th, 2010  

Provo, UT, May 27, 2010 –Raser Technologies, Inc. (NYSE: RZ), announced today that management will present at the following upcoming conferences: What:               The Platts Second Annual Geothermal Energy Conference , June 3-4, 2010 Where:             The Encore at Wynn Hotel, Las Vegas, NV Presentation:    June 3, 2010 Time:               12:30 p.m. PT (Luncheon Host Company) Presentation:    [...]



Raser Technologies Announces Termination of Controlled Equity Offering

May 10th, 2010  

Provo, UT, May 10, 2010 – Raser Technologies, Inc. (NYSE: RZ), an energy company, announced today that it has terminated the Controlled Equity Offeringsm, or “at-the-market,” program previously announced on April 8, 2010.  Raser provided notice to the sales agent, Cantor Fitzgerald & Co., of its intent to terminate the Sales Agreement between Raser and [...]



Raser Technologies Announces First Quarter Update And Financial Results

May 10th, 2010  

Provo, Utah, May 10, 2010 — Raser Technologies, Inc. (NYSE: RZ) an energy technology company, today announced financial results for the first quarter 2010, the period ended March 31, 2010. Recent Highlights: Announced that it completed installation of the bottom cycle project at its Thermo No. 1 plant in southern Utah ahead of schedule. Raser [...]



Raser Technologies to Present at the ninth annual JMP Securities Research Conference and Global Geothermal Showcase and Forum

May 6th, 2010  

Provo, UT, May 6, 2010 –Raser Technologies, Inc. (NYSE: RZ), announced today that management will present at the following upcoming investor conferences: What:               The Ninth Annual JMP Securities Research Conference, May 10-12, 2010 Where:             The Ritz-Carlton, 600 Stockton Street, San Francisco, CA 94108 Presentation:    May 11, 2010 Time:               10 a.m. PT Webcast Link:  http://www.wsw.com/webcast/jmp10/rz/ [...]



Raser Technologies Releases Video Update on Relationship With Hyundai Heavy Industries

Apr 30th, 2010  

PROVO, Utah, April 30, 2010, – Raser Technologies, Inc. (NYSE: RZ), an energy technology company, released a video today to provide an update on the relationship between Raser and global industrial manufacturer Hyundai Heavy Industries, a global leader in grid-electrical equipment and renewable energy generation equipment. The two companies recently completed meetings at Raser’s headquarters [...]



Raser Technologies Provides Company Update and Announces NYSE Deficiency Notice and Annual Stockholder Meeting Date

Apr 28th, 2010  

Provo, UT,  April 28, 2010 — Raser Technologies, Inc. (NYSE: RZ), an energy technology company announced today that it is nearing completion and start-up of the bottom cycle project at its Thermo No. 1 plant in southern Utah.  The changes re-direct a portion of the geothermal water coming out of the top cycle units and [...]



Raser Technologies Provides Update on Development of Lightning Dock New Mexico Project

Apr 26th, 2010  

Raser Selects Drilling Contractor to Commence Drilling Operations on Site    Provo, UT,  April 26, 2010 — Raser Technologies, Inc. (NYSE: RZ), an energy technology company, provided an update on its Lightning Dock, New Mexico project today, including that it has selected Barbour Well, Inc., of Henderson, Nevada to begin drilling in May. Barbour Well [...]



Raser Technologies Announces Controlled Equity Offering

Apr 8th, 2010  

Provo, UT, April 8, 2010 – Raser Technologies, Inc. (NYSE: RZ), an energy company, announced today that it has filed a prospectus supplement under which it may sell shares of its common stock having an aggregate offering price of up to $25 million, from time to time, through a Controlled Equity Offeringsm, or “at-the-market,” program.  [...]



Raser Technologies is Selected as Sole-Source Contractor under U.S. Grant for Geothermal Study in Indonesia

Mar 29th, 2010  

United States Trade and Development Agency Awards Indonesian Power Nearly $1 Million- Raser Will Conduct Geothermal Feasibility Study as Sole-Source Contractor    Provo, UT, March 29, 2010 – Raser Technologies, Inc. (NYSE: RZ), an energy company, announced today that the United States Trade and Development Agency (USTDA) awarded Indonesia Power (IP) grant funding in the [...]



Raser Technologies Announces Fourth Quarter Financial Results

Mar 17th, 2010  

Provo, Utah, March 17, 2010 — Raser Technologies, Inc. (NYSE: RZ) an energy technology company, today announced financial results for the fourth quarter and full-year period ended December 31, 2009. Recent Highlights: $32.99 million renewable energy grant application was approved and funded by the U.S. Treasury for the Company’s Thermo No. 1 geothermal power plant. [...]



Raser Technologies to Report 2009 Fourth Quarter and Year End Financial Results on March 17, 2010

Raser Technologies to Report 2009 Fourth Quarter and Year End Financial Results on March 17, 2010

Mar 16th, 2010  

Conference Call Scheduled for 5 p.m. ET Provo, UT, March 16, 2010 — Raser Technologies, Inc. (NYSE: RZ), an energy  company, announced today that management will report its 2009 fourth quarter and year end financial results after the market close on Wednesday, March 17,  2010. Management will then host a conference call to discuss the [...]



Raser Chairman Delivers Testimony at Congressional Hearings on Electrification of Transportation

Raser Chairman Delivers Testimony at Congressional Hearings on Electrification of Transportation

Feb 25th, 2010  

Senate Subcommittee Invites Industry Leaders to Discuss Vehicle Electrification Washington, D.C., February 25, 2010 –Raser Technologies, Inc. (NYSE: RZ), an energy technology company, announced today that Raser Chairman Kraig Higginson testified before the United States Senate Appropriations Subcommittee on Energy and Water Development, February 23, 2010 in Washington, D.C.  The hearings were called by Subcommittee [...]



Raser Technologies Announces New Chief Financial Officer

Feb 23rd, 2010  

John T. Perry Brings More Than 20 Years of Experience to Raser   Provo, Utah, February 23, 2010—Raser Technologies Inc. (NYSE: RZ) announced today, that John T. Perry has been named new Chief Financial Officer, effective March 10, 2010.  Mr. Perry will be responsible for all financial activities of the Company and   will be a [...]



Raser Receives Approval for $32.99 Million U.S. Treasury Grant

Feb 17th, 2010  

Raser’s Thermo Project to Receive Recovery Act Grant Funds   Provo, UT, February 17, 2010 – Raser Technologies, Inc. (NYSE: RZ), an energy technology company, announced today that the U.S. Treasury has approved its renewable energy grant application for the Company’s Thermo No. 1 geothermal power plant.  The grant is provided by the U.S. Treasury [...]



Raser Technologies Announces Extension with Thermo No. 1 Financing Partners

Feb 16th, 2010  

New Agreement Extends Final Testing to June 30, 2010    Provo, UT, February 16, 2010 – Raser Technologies, Inc. (NYSE: RZ), an energy technology company, announced today that it has reached an agreement with project financing partners to extend the final performance and completion test of the Thermo No. 1 Project to June 30, 2010.  [...]



Raser Technologies Closes Up To $19 Million Financing with Fletcher International

Feb 4th, 2010  

$1.22 per Share Redemption Price Floor Represents a 37% Premium     Provo, UT, February 4, 2010 – Raser Technologies, Inc. (NYSE: RZ), an energy technology company, announced today the sale of $5 million of convertible preferred stock plus an additional $14 million in certain investment rights, in a transaction that closed on February 3, 2010. [...]



Raser Technologies to Present at Upcoming Conferences

Jan 21st, 2010  

Provo, Utah, January 21, 2010 — Raser Technologies, Inc. (NYSE: RZ) an energy technology company, announced today that it will present at the Energy & Environment Conference in Phoenix, AZ and GeoPower Americas 2010 in San Francisco, CA.  What: Energy & Environment Conference Where: Phoenix Convention Center, Phoenix, AZ When:  February 2, 2010 Time: 10:00am-Noon [...]



Raser Technologies’ New Chief Executive Officer to Hold a Conference Call

Jan 19th, 2010  

Nick Goodman, to Discuss Management Transition, Introduce Himself to Shareholders, Share His Vision for Raser    Provo, UT, January 19, 2010 — Raser Technologies, Inc. (NYSE: RZ), an energy technology company, announced today that it will host a conference call on January 28, 2010 at 5:00pm Eastern Time.  Raser Chairman Kraig Higginson will introduce the [...]



Nicholas Goodman Joins Raser Technologies as Chief Executive Officer

Jan 8th, 2010  

Brings More Than 15 Years Experience in Designing, Financing and Developing Alternative Energy Power Plants to Raser   Provo, Utah, January 8, 2010—Raser Technologies Inc. (NYSE: RZ) today announced that Nicholas (Nick) Goodman has been named Chief Executive Officer.  Goodman will be responsible for all company functions and activities.  He will join Raser during January [...]



Raser Technologies to Present at Upcoming Investor Conferences

Dec 30th, 2009  

Provo, Utah, December 29, 2009 — Raser Technologies, Inc. an energy technology company, announced today that it will present at Projects & Money 2010 in New Orleans and Geothermal Energy Finance Forum in New York City. What: Projects & Money 2010 Where: Hilton New Orleans Riverside, New Orleans, LA When:  January 13, 2010 Time: 11:45am-12:30pm [...]



Raser Technologies and Evergreen Clean Energy Announce Agreement to Structure and Finance the Drilling of Up to 100 MW of Geothermal Power

Dec 8th, 2009  

Agreement Expected to Significantly Advance the Development of Raser’s Geothermal Resources Provo, UT, December 8, 2009 – Raser Technologies, Inc., an energy technology company, announced today that it has reached an agreement with Evergreen Clean Energy LLC for the structuring and financing of well field development for up to 100 MW of geothermal power projects.  [...]



Raser Technologies Announces Final Agreement with Thermo No. 1 Financing Partners

Dec 7th, 2009  

New Agreement Expected to Improve Overall Project Economics and Allows Raser to Apply For an Estimated $33 Million in Federal Grant Funds Provo, UT, December 7, 2009 – Raser Technologies, Inc., an energy technology company, announced today that it has reached final agreements amending the Thermo No. 1 financing arrangements with the senior project debt [...]