Raser Technologies

Press Releases

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 key [...]



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 Department under [...]



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. 
Chief Executive Officer, [...]



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.  The shares [...]



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 local time

What: GeoPower Americas [...]



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 Company’s new [...]



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 2010. Dick [...]



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 local time

What: Geothermal Energy [...]



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. 
Under terms [...]



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 holders [...]



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 [...]



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 amends [...]



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 Time [...]



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 can be [...]



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.”

“It’s an [...]



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 the [...]



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 Conservation Division [...]



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 completion [...]



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 [...]



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 piping
[...]



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 a significant [...]



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 a [...]



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, September 10, [...]



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 at [...]