$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. The shares [...]
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 local time
What: GeoPower Americas [...]
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 Company’s new [...]
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 2010. Dick [...]
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 local time
What: Geothermal Energy [...]
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.
Under terms [...]
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 holders [...]
Provo, UT, December 1, 2009–Raser Technologies, Inc. an energy technology company, today announced it and its debt and tax equity partners for the Thermo No. 1 plant have agreed to extend the timeframe for finalizing the amendments to the Thermo Financing Agreements until December 3, 2009. This extension will allow the parties time to finalize the [...]
PROVO, Utah–Raser Technologies, Inc. (NYSE: RZ), an energy technology company, today announced an update on its progress and financial results for the third quarter ended September 30, 2009.
Company Update:
Thermo No. 1 Capacity Ramp-up: Raser continues to make progress [...]
PROVO, Utah–Raser Technologies, Inc. (NYSE: RZ), an energy technology company, today announced it has signed an additional extension agreement until November 30, 2009, with its financing partners for the Thermo No. 1 plant. This extension will allow the parties time to finalize the documentation of certain amendments to the Thermo Financing Agreements.
The contract extension amends [...]
Provo, UT, October 30, 2009 — Raser Technologies, Inc. (NYSE: RZ), an energy technology company, announced today that management will report its 2009 third quarter financial results after the market close on Monday, November 9, 2009. Management will then host a conference call to discuss the results with the investment community:
Time: 5:00 p.m. Eastern Time [...]
Hundreds of Institutional Investors to Attend Conference
PROVO, Utah–Raser Technologies, Inc. (NYSE: RZ), an energy technology company, announced today that Richard Clayton, Principal Executive Officer, will present at Merriman Curhan Ford’s 6th annual Investor Summit on November 10, 2009 at 4:30. This event will be held in New York City.
More information about the conference can be [...]
PROVO, Utah–Raser Technologies, Inc. (NYSE:RZ), an energy technology company, today announced that Raser Vice President, David West was a featured speaker at the Military Energy & Alternative Fuels Conference in Washington D.C. October 20-21 put on by the Technology Training Corporation. Raser was invited to speak on the potential military applications of its E-REV (Extended [...]
U.S. Secretary of Commerce Gary Locke Invites Richard Clayton to Discuss Opportunities and Challenges in the Clean Energy Economy
PROVO, Utah–Raser Technologies, Inc. (NYSE: RZ), an energy technology company, announced today that U.S. Secretary of Commerce Gary Locke has invited Raser Principal Executive Officer Richard Clayton to participate in a forum titled “Clean Energy Economy.”
“It’s an [...]
PROVO, Utah–Raser Technologies, Inc. (NYSE: RZ), an energy technology company, today announced it has entered into a transaction with three of its line of credit lenders to facilitate Raser’s repayment of their loan principal and accrued interest totaling $5.4 million. The offering from Raser to the lenders includes 3,201,526 shares of common stock priced at [...]
Provo, Utah, October 16, 2009, – Raser Technologies, Inc., an energy technology company, today announced it has signed an additional extension agreement until November 2, 2009 with its financing partners for the Thermo No. 1 plant. This extension will allow the parties time to finalize amendments to the Thermo Financing Agreements.
The contract extension amends the [...]
PROVO, Utah, October 6, 2009, Raser Technologies, Inc., an energy technology company, today released an update on its geothermal activities and its PHEV project, updating stockholders, the media and the public on its progress and strategy.
Lightning Dock, New Mexico Project
Raser recently received final approval of a key permit from the New Mexico Oil Conservation Division [...]
PROVO, Utah–Raser Technologies, Inc. (NYSE: RZ), an energy technology company, today announced it has signed an additional extension agreement with its financing partners for the final completion of the Thermo No. 1 plant.
The contract extension amends the date by which Raser and its partners anticipate finalizing an updated agreement on the structure and final completion [...]
PROVO, Utah–Raser Technologies, Inc. (NYSE: RZ), an energy technology company, today announced that the Company has signed an extension agreement with the financing partners of Thermo No. 1 for the final completion of the plant.
The contract extension pushes out the date by which Raser is required to achieve final completion of the Thermo No. [...]
Now Expects to Generate 130 MW of Power Available For Sale By The End of 2012
Updated Geothermal Power Plant Approach Provides Company with Strong Projected Average Economics
Provo, UT, September 9, 2009 –Raser Technologies, Inc. (NYSE: RZ), an energy technology company, today provided an update to its geothermal power generation strategy, assumptions and [...]
New Web Video Outlines the Steps Being Taken to Bring the “Hatch Plant” up to Full Capacity
PROVO, Utah–Raser Technologies, Inc., an energy technology company, announced today that it has released a new video on its website. The video shows the latest developments in the following areas:
The 5th production well
Well casing
Pumps
Permanent piping
[...]
Provo, UT, September 2, 2009 –Raser Technologies, Inc., an energy technology company, announced today that it has received notice from the Department of Energy (“DOE”) that its loan guarantee application for its “East Thermo” project has been denied. In its notice, the DOE stated “we believe that the East Thermo project possesses fundamental strength, but [...]
Senator Bennett also test drove Raser’s 100mpg electric Hummer
Provo, UT, August 31, 2009 –Raser Technologies, Inc., an energy technology company, announced today that U.S. Senator Bob Bennett made his first visit to the company’s geothermal power plant.
“Geothermal power is one of the few renewable technologies that can actually produce reliable, clean energy on a significant [...]
Test Data Shows New Electric SUV Could Achieve more than 190 mpg in City Driving Applying Similar Method Used by General Motors
PROVO, Utah–(BUSINESS WIRE)–Raser Technologies, Inc. (NYSE: RZ – News), an energy technology company, announced results from a recent test drive demonstrating over 50 miles of all-electric range by its electric Hummer H3E during a [...]
PROVO, Utah–Raser Technologies, Inc., an energy technology company, announced today that it will present at three upcoming investor conferences.
What: Wellington West Geothermal Power Conference
When: Thursday, September 10, 2009
Where: St. Andrew’s Club & Conference Center in Toronto, ON
Presentation time: 9:10 a.m.
What: Cowen and Company 3rd Annual Clean Energy Conference
When: Thursday, September 10, [...]
PROVO, UT, Aug. 7, 2009 — Raser Technologies, Inc., (NYSE: RZ) announced today it will exhibit its 100 mpg extended range electric Hummer H3E in Booth 401 at the Plug-In Conference 2009. The event will be held August 10-12 at the Long Beach Convention Center, Long Beach, CA.
Raser Vice President David West will speak at [...]
Provo, Utah, August 6, 2009 — Raser Technologies, Inc. (NYSE: RZ) a leading energy technology company, today announced financial results for the second quarter ended June 30, 2009.
Second Quarter and Subsequent Highlights:
The Company’s Thermo No. 1 Plant has been selling approximately 5 megawatts (MW) to the city of Anaheim, which represents slightly less than half [...]
Provo, UT, July 31, 2009 –Raser Technologies, Inc., a leading energy technology company, said today that Jim Spellman will take over the leadership of the Plug-in Hybrid Team beginning August 1st. Patrick J. Schwartz will step down as President of Raser Technologies at the end of July 2009 to pursue other opportunities outside of Raser. [...]
Provo, UT, July 23, 2009 – Raser Technologies, Inc. announced today that it has restructured its existing $15 million line of credit, funded by certain stockholders of the Company. In connection with the amended agreement, Raser paid off $2.9 million of the loan principal and $0.4 million of accrued interest. The maturity date of the remaining [...]
Scheduled to present at 10:30 a.m. CDT on July 29
Provo, Utah, July 9, 2009 — Raser Technologies, Inc. a green-focused technology licensing and development Company, today announced that it will present at CapStone Investments’ Third Annual Small-Cap Investor Conference, to be held July 29-30, 2009, in Milwaukee at the Hyatt Regency Hotel. Raser Technologies’ [...]
