Raser Technologies

Press Releases

Raser Technologies Announces Three Day Extension with Thermo No. 1 Financing Partners

Dec 1st, 2009  

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 [...]



Raser Technologies Provides Update and Announces Third Quarter Financial Results

Nov 9th, 2009  

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 in ramping up production of Thermo No. 1 to full capacity. The pump for the [...]



Raser Technologies Announces Additional Extension Agreement with Thermo No. 1 Financing Partners

Nov 3rd, 2009  

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 [...]



Raser Technologies to Report 2009 Third Quarter Financial Results on November 9, 2009

Raser Technologies to Report 2009 Third Quarter Financial Results on November 9, 2009

Oct 30th, 2009  

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 [...]



Raser Technologies to Present at Merriman Curhan Ford’s Investor Summit 2009 on November 10th

Oct 30th, 2009  

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 [...]



Raser Vice President Speaks at Washington D.C. Military Energy & Alternative Fuels Conference

Oct 22nd, 2009  

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 [...]



Raser Receives Invitation to the White House to Participate in U.S. Clean Energy Forum

Oct 20th, 2009  

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.” [...]



Raser Technologies Enters into a Transaction with Three Major Lenders to Repay a Significant Portion of its Line of Credit

Oct 20th, 2009  

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 [...]



Raser Technologies Announces Additional Extension Agreement with Thermo No. 1 Financing Partners

Oct 16th, 2009  

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 [...]



Raser Technologies Provides Update on Its Geothermal Activities and Its PHEV Project

Oct 6th, 2009  

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 [...]



Raser Technologies Announces Additional Extension Agreement with Thermo No. 1 Financing Partners

Oct 2nd, 2009  

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 [...]



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

Sep 17th, 2009  

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. [...]



Raser Technologies Moves To Its Next Phase In Its Power Generation Segment

Sep 9th, 2009  

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 anticipated [...]



Raser Technologies Releases Video Update on Geothermal Power Plant

Sep 3rd, 2009  

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 [...]



Raser Provides Update on Department of Energy Loan Guarantee Program

Sep 2nd, 2009  

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 [...]



Raser Technologies Hosts U.S. Senator Bob Bennett During a Visit to the Company’s Geothermal Plant

Aug 31st, 2009  

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 [...]



Electric Hummer H3E by Raser Drives over 50 Miles on Batteries in Test Drive

Electric Hummer H3E by Raser Drives over 50 Miles on Batteries in Test Drive

Aug 26th, 2009  

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 [...]



Raser Technologies to Present at Upcoming Investor Conferences

Raser Technologies to Present at Upcoming Investor Conferences

Aug 18th, 2009  

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, [...]



Raser Technologies to Showcase its 100-MPG Electric Hummer at Plug-In 2009 Conference, Long Beach, CA, August 10-12

Raser Technologies to Showcase its 100-MPG Electric Hummer at Plug-In 2009 Conference, Long Beach, CA, August 10-12

Aug 7th, 2009  

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 [...]



Raser Technologies Announces Second Quarter Financial Results

Aug 6th, 2009  

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 [...]



Raser Announces Jim Spellman to Lead Plug-In Hybrid Team

Jul 31st, 2009  

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. [...]



Raser Technologies Restructures $15 Million Line of Credit

Jul 23rd, 2009  

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 [...]



Raser Technologies to  Present at Capstone’s Third Annual Small-Cap Investor Conference July 29

Raser Technologies to Present at Capstone’s Third Annual Small-Cap Investor Conference July 29

Jul 9th, 2009  

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’ [...]



Raser Technologies Announces Closing of $25.5 Million Registered Direct Offering

Jul 7th, 2009  

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) [...]



Raser Technologies Announces $25.5 Million Registered Direct Offering

Jun 30th, 2009  

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) [...]



Raser Technologies Executes Term Sheet with Southern California Public Power Authority for a Potential 110 MW Pre-Paid Power Purchase Agreement

Jun 26th, 2009  

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 [...]



Raser Technologies Announces Video News Update On Its Geothermal Activities And The Launch Of Its PHEV Project

Jun 15th, 2009  

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 [...]



Raser Technologies Invites Governors To Take A Spin In Electric Hummer

Jun 11th, 2009  

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 [...]



U.S. Department Of Energy Clears Raser Application For Loan Guarantee Program To Proceed

Jun 9th, 2009  

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 [...]



Raser Announces Filing Of Universal Shelf Registration

Jun 2nd, 2009  

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 [...]