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’ [...]
Provo, UT, July 7, 2009 – Raser Technologies, Inc. announced today that it closed its previously announced sale of approximately $25.5 million of its common stock and warrants in a registered direct offering. Net proceeds to the Company from the offering, after placement agent fees and offering expenses, are approximately $23.8 million.
Calyon Securities (USA) Inc. [...]
Provo, UT, June 30, 2009 – Raser Technologies, Inc.announced today that it has obtained commitments from institutional investors to purchase approximately $25.5 million of its common stock and warrants in a registered direct offering.
Under the terms of the definitive agreements, Raser will sell an aggregate of 8,550,339 units, with each unit consisting of (i) one [...]
PROVO, Utah–Raser Technologies, Inc. announced that it has entered into a term sheet with the Southern California Public Power Authority (“SCPPA”) to sell 110 megawatts of renewable geothermal power to certain SCPPA member municipalities in a pre-paid arrangement. The power plants would be built at Raser’s Thermo, Utah site, over a three year period.
The term [...]
Provo, UT, June 15, 2009 – Raser Technologies, Inc. announced today that it has released the latest version of its “Up to Speed” series of videos, updating stockholders, the media and the public on its progress and strategy. The video provides an update on:
its current and proposed geothermal power developments, including the expectation of reaching full [...]
As Part of the Western Governors’ Association Annual Meeting, Governors will test Raser’s recently unveiled Plug-in Hybrid Electric Vehicle (PHEV)
Updated: See Gallery of the Event
PROVO, UT, June 11, 2009 — Raser Technologies, Inc. announced today it will showcase its plug-in hybrid electric vehicle, the Electric Hummer H3E, at the Western Governors’ Association Annual Meeting in Park [...]
Raser Technologies moves one step closer to receiving loan guarantees from the Department of Energy
Provo, UT, June 9, 2009 –Raser Technologies, Inc., a leading energy technology company, announced today that the Department of Energy (DOE) has notified the company that its loan guarantee application has been approved to proceed to the next stage of due [...]
PROVO, UT, June 1, 2009 — Raser Technologies, Inc. a leading energy technology company, today announced that it has filed a universal shelf registration statement with the Securities and Exchange Commission, which, upon being declared effective, will permit the company, from time to time, to offer and sell various types of securities, up to a value [...]
New Plug-in Electric Vehicle Technology Could Allow America’s Top Selling Vehicles to Run Primarily on Electricity, Dramatically Reducing Emissions and Gas Consumption
Updated: See Gallery of Governor Schwarzenegger at the California Capitol with the Electric Hummer
SACRAMENTO, CA May 28, 2009-Raser Technologies, Inc., a leading energy technology company, will join with California Governor Arnold Schwarzenegger today to [...]
PROVO, UT, May 26, 2009 — Raser Technologies, Inc. today announced that it will hold its 2009 annual meeting of stockholders on June 25, 2009 for stockholders of record as of May 15, 2009. The meeting will be held at 2:30 p.m. at the Provo Marriott Hotel and Conference Center, 101 West 100 North, Provo, Utah.
Updated: [...]
New Plug-in Electric Vehicle Technology for Popular Trucks & SUVs Could Drive Comeback for U.S. Automakers Delivering 100 mpg in a Hummer H3
Update: See Gallery of 100 mpg Hummer on Capitol Hill
WASHINGTON DC, May 19, 2009-Raser Technologies, Inc., a leading energy technology company, announced today that its 100 MPG Electric Hummer H3 will be [...]
Company Recognized as Alternative Energy – Geothermal Plant of the Year for Key Technologies and Developments for Power Generation Plants
Provo, UT, May 14, 2009 –Raser Technologies, Inc., a leading energy technology company, announced today that its first geothermal power plant was recognized as the Alternative Energy – Geothermal “Power Plant of the Year” at the [...]
Provo, UT, May 14, 2009 –Raser Technologies, Inc., announced today that Martin F. Petersen, CFO, will present at the following upcoming investor conference:
What: The Eighth Annual JMP Securities Research Conference, May 18 – 20, 2009
Where: The Ritz-Carlton, San Francisco
600 Stockton Street, San Francisco, CA 94108
Presentation: May 19, 2009
Time: 1 p.m. PT
Webcast Link: http://www.wsw.com/webcast/jmp8/rz/
(This webcast will be archived for [...]
Management will host a conference call at 11 a.m. Eastern Time on May 12, 2009 to discuss the results with the investment community. A replay will be available until May 19, 2009, which can be accessed by dialing 303-590-3030. Please use passcode 4072524 to access the replay.
Conference Call Scheduled for 11 a.m. ET
PROVO, Utah–Raser Technologies, Inc. (NYSE: RZ), a leading energy technology company, today announced that management will announce its 2009 first quarter financial results before the market open on Tuesday, May 12, 2009. Management will then host a conference call to discuss the results with the investment [...]
Raser’s 100+ MPG Hummer H3 is Showcased on Wall Street
PROVO, Utah–(BUSINESS WIRE)–Raser Technologies, Inc. (NYSE: RZ), a leading energy technology company, was invited by the New York Stock Exchange (NYSE) to ring The Opening BellSM at the NYSE today commemorating Raser’s recent listing on the “Big Board” where it began trading in December 2008.
“We are [...]
Raser Technologies, Inc., a leading energy technology company, announced today that it will ring The Opening BellSM at the New York Stock Exchange (NYSE) on Friday May 1, 2009 commemorating its listing on the Big Board where Raser recently began trading in December 2008. The Opening Bell will take place at 9:30 a.m. Eastern time [...]
New Legislation Will Promote Renewable Energy Development in Utah and Create a Blueprint for Other States
Provo, UT, April 23, 2009 -Raser Technologies, Inc. (NYSE: RZ), a leading energy technology company, celebrated Earth Week with Utah’s Governor Jon Huntsman at Raser’s Hatch geothermal power plant near Thermo, UT, and ceremonially signed two important renewable energy bills: [...]
New Legislation Will Promote Renewable Energy Development in Utah and Create a Blueprint for Other States
PROVO, Utah–Raser Technologies, Inc. (NYSE: RZ – News), a leading energy technology company, announced today that Utah’s Governor Jon Huntsman visited Raser’s Hatch geothermal power plant near Thermo, Utah, as part of a tour of Utah’s Renewable Energy Zone, and [...]
Technology in New Electric Hummer Could Drive Bold Leap Ahead for U.S. Automakers, Making Popular Trucks & SUVs ‘Greener Than a Prius’
Detroit, MI – April 20, 2009,- Raser Technologies, Inc. (NYSE: RZ) today unveiled a 100+ mpg Hummer H3 powered by Raser’s plug-in hybrid E-REV (Extended-Range Electric Vehicle) at the 2009 SAE International [...]
Raser Technologies, Inc. (NYSE:RZ – News), a leader in energy technologies, announced that the Hatch Geothermal Power Plant, Beaver County, UT, began delivering clean, renewable electricity to the City of Anaheim, California today.
PROVO, Utah–(BUSINESS WIRE)–Raser Technologies, Inc. (NYSE: RZ – News), a leading energy technology company, announced today that it has restructured its purchase agreements with subsidiaries of United Technologies Corp. (NYSE: UTX – News). As part of the restructured agreements, Raser obtained a refund of more than $7 million that had previously been deposited in connection [...]
E-REV Powertrain by Raser Technologies Allows Full Size SUVs & Light Trucks to Achieve over 100 mpg. Demonstration Vehicle now in Road Testing.
PROVO, UT, April 8, 2009 — Raser Technologies, Inc. announced today it will unveil a 100+ mpg SUV at the Society of Automotive Engineers (SAE) World Congress in Detroit, Michigan April 20-23, 2009. [...]
PROVO, UT, March 25, 2009 — Raser Technologies, Inc. and Copper King Mining Corporation (Pink Sheets: CPRK) announced today that they have entered into a geothermal lease agreement covering interests in certain private, state and federal lands in southwestern Utah. The terms of the lease agreement were not specified.
The lease covers properties in Copper King’s [...]
PROVO, UT, March 20, 2009 — Raser Technologies, Inc. announced today that Brent M. Cook, the Company’s CEO is scheduled to present at the Geothermal Innovation & Investment conference at 2:00 PM PDT on March 25, 2009, held at Le Meridian in San Francisco, California. Mr. Cook will be discussing low temperature resource exploitation and [...]
Provo, Utah, March 18, 2009 — Raser Technologies, Inc. a leader in energy technologies, today announced financial results for the fourth quarter and year ended December 31, 2008 and provided an update on its progress in executing its strategic business plan.
Financial Results
Revenue for the fourth quarter was $5,880, a decrease from $117,860 in the fourth quarter [...]
PROVO, UT, March 12, 2009 — Raser Technologies, Inc. introduced today Benjamin J. Barker as the Company’s latest addition to its talented leadership team. Ben Barker is Raser’s Vice President of Resource Management and will direct the Company’s efforts to identify, develop and manage its geothermal resources.
Ben Barker has worked in the geothermal industry for [...]
