Officers and Directors:

Brent M. Cook, CEO/Director
Mr. Cook joined the Company’s Board of Directors in October 2004, and in January 2005, he was named as the Company’s Chief Executive Officer. Previously, Mr. Cook was President of Headwaters, Inc. — a billion dollar NYSE: HW listed energy and energy technology company. He served Headwaters from 1996 to 2002 in positions including CEO, President, and Chairman of the Board of Directors. Prior to his Headwaters career, Mr. Cook was Director of Strategic Accounts, Utah Operations, at PacifiCorp, an electric utility servicing seven western states.

Kraig T. Higginson, Executive Chairman, Director
Mr. Mr. Higginson has served as the Chairman since October 2003. He has also served as the Company’s President from October 2003 to March 2004 and as the Company’s Chief Executive Officer from March 2004 to January 2005. Mr. Higginson founded American Telemedia Network, Inc., a publicly traded corporation that developed a nationwide satellite network of data and audio visual programming. He served as President and Chief Executive Officer of Telemedia Network from 1984 through 1988. From 1988 through 2002, Mr. Higginson worked as a business consultant through Lighthouse Associates, an entity that he controls.

Patrick Schwartz, President
Mr. Schwartz was an executive with Huntsman Corporation for more than 20 years where he was responsible for Hunstman's global Styrenics business, with annual revenues in excess of $1 billion, a core product upon which Huntsman built one of the largest privately held chemical companies in the world. Mr. Schwartz was previously the Acting Managing Director of the Southeast Asian joint-venture for Huntsman where he led the strategic effort to dramatically improve cash flow. Prior to the Asian assignment, Mr. Schwartz was Managing Director in charge of Huntsman's European operations. While in Europe, Mr. Schwartz led the turnaround and expansion of several existing business divisions, launched two joint ventures and acquired a major new business leading to a nearly tenfold increase in revenue over six years.

Martin F. Petersen, Chief Financial Officer
Mr. Petersen has served as Chief Financial Officer of the Company since January 8, 2007. Prior to joining the Company he was the Chief Financial Officer of The Event Source, a government contractor in Iraq, Found, Inc., a venture-backed software company, and TenFold Corporation, a publicly traded enterprise software development company. He also served as Vice President and Treasurer of Huntsman Corporation, a multi-billion dollar global chemical company. Prior to Huntsman, he was a Vice President in the Investment Banking Division of Merrill Lynch & Co. He has an MBA degree from the University of Chicago, and a BA degree from Brigham Young University.

Richard Clayton, General Counsel
Mr. Clayton comes to Raser from Holland & Hart, LLP, the largest law firm in the Rocky Mountain West with nearly 350 lawyers, where he was a partner. Clayton's private practice consisted of corporate finance and counseling, mergers and acquisitions, corporate governance and compliance, and energy and resources law. In 2006, Clayton was selected as one of only 227 lawyers nationwide for inclusion in the inaugural edition of Who's Who Legal USA--Corporate Governance. He is also the founder of the Summit Corporate Governance Conference, an Institutional Shareholder Services accredited conference. Clayton has counseled clients and lectured extensively at nationwide events on Sarbanes-Oxley requirements.

James A. Herickhoff, Director
Mr. Herickhoff is President, Chief Operating Officer and a principal of Wold Talc Company, which operates one of the largest talc mines in the United States. Mr. Herickhoff has served as a Director of Headwaters Inc. since August 1997 and was elected Vice Chairman of Headwaters in April 1999. From 1987 to 1994, he served as President of Atlantic Richfield Company’s Thunder Basin Coal Company. He previously served as President of Mountain Coal Company, managing all of ARCO’s underground mining and preparation plants. He is the past President of the Wyoming Mining Association and a former Board member of the Colorado and Utah Mining Associations. Mr. Herickhoff received a Bachelor of Science degree in 1964 from St. John’s University, a Master of Science degree in 1966 from St. Cloud State University and attended Kellogg Executive Management Institute at Northwestern University in 1986. Mr. Herickhoff has served as a Director of the Company since March 2005 and serves on the Audit, Nominating and Governance (Chairman), and Compensation committees.

Alan G. Perriton, Director
Mr. Perriton is the recently retired Executive in charge of Strategic Alliances and New Business Development for General Motors Asia Pacific. He brings over 34 years of executive experience with GM in the U.S. and Asia. In 1992 Mr. Perriton was named Executive Director of World Wide Purchasing with an annual budget approaching $30 billion. In his final role, he was responsible for creating the very effective foreign automotive manufacturing operations of GM Daewoo in Korea which has quickly become the growth engine of GM's Asia-Pacific Operations, including China.

Reynold Roeder, Director
Reynold Roeder, Director. Mr. Roeder has served as a Director of the Company since October 2005 and serves on the Audit Committee (Chairman). He is currently Chief Executive Officer and Co-Owner of LECTRIX, LLC, with offices in Calgary, Alberta, and Portland, Oregon. LECTRIX is developing merchant electrical transmission projects throughout North America. Mr. Roeder is also the Principal and Owner of Roeder & Company LLC, a consulting firm specializing in energy-related matters and tax credit transactions. From 1981 to 1990, he held various positions with Deloitte & Touche and obtained CPA certifications in the states of Oregon, New York and California. Mr. Roeder left public accounting to join PacifiCorp Financial Services, Inc. in 1990, and held various officer positions including Assistant Controller, Controller and Vice President. While there, he had responsibility for compliance and SEC reporting.

Barry Markowitz, Director
Mr. Markowitz is the recently retired president of DTE Energy Services, a sister company to Detroit Edison and a subsidiary of DTE Energy. Mr. Markowitz has successfully acquired and integrated several businesses and executed major transactions with firms such as General Motors, DaimlerChrysler, Ford, Duke Energy, Kimberly Clark and US Steel while at DTE Energy Services. Prior to his position at DTE, Mr. Markowitz was a vice president for the Bechtel Group of Companies, focusing on power industry engineering and construction. Mr. Markowitz has served as a director of the Company since November 2005 and serves on the Audit, Nominating and Governance, and Compensation committees.

Timothy D. Fehr
Mr. Fehr has served as Senior Vice President and Chief Technology Officer of Raser since February 2004. During more than 30 years with the Boeing Co. and more than 18 years as business unit vice president, Mr. Fehr directed the development, manufacture and deployment of numerous engineering, mechanical, hydraulic and electrical systems for both commercial and military applications. Mr. Fehr holds undergraduate and graduate degrees in electrical engineering. He also holds an M.S. degree as a Sloan Fellow from the Massachusetts Institute of Technology.



 



   






"Raser has made an important advancement in AC induction motors, which represents a major step forward in the development of hybrid and fuel cell vehicles. As the author of the CLEAR ACT, the package of tax incentives for alternative fuel vehicles, I have had the goal of lowering the market barriers to the mass production of the best available automotive technologies. I believe that Raser's technology advancement will play an important role in achieving this goal."

Senator Orrin Hatch 

 






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