Announces Next Public Tour Date

PROVO, UTAH, January 14, 2009 –Raser Technologies, Inc., a leader in geothermal power generation, announced the anticipated timeline for the remaining commissioning activities for its first geothermal power plant in Utah and provided an update on its progress towards delivering clean renewable power to Anaheim. Having completed their commissioning tests for all 50 UTC Power generating units, the Company is preparing to begin delivery of power to Anaheim. Raser anticipates that the local utility will complete installation of the final supervisory control and data acquisition (SCADA) equipment on the transmission lines that links Thermo to the local utility by the end of this week. This should allow Thermo to begin increasing power to the grid starting next week. The SCADA equipment prevents damage to the grid and allows the local utility to monitor, control and measure the flow of power from Thermo to the grid. Completion of the installation of the SCADA equipment by the utility will increase the cap on the amount of power that Thermo can send to the grid and allows it to complete the final commissioning processes.

Raser has been limited by the local utility’s capacity to monitor and control the power being produced and sold to it by Thermo over the last four weeks. Raser expects to begin ramping up, initially, to the 3 megawatt (MW) cap starting next week and believes that this power can begin to be transmitted to Anaheim within the next few weeks. To date, Raser has been interconnected and generating test power to the local utility. Beginning the week of January 25th, the Company expects the cap to be raised further and to be able to ramp delivery of power up to 5-8 MW in various stages with the final ramp up to full capacity expected in February.

“We have been very pleased with our progress towards completing the commissioning,” said Steven Brown, Executive Vice President of Raser. “Our output has been primarily constrained by the local utility’s capacity to this point. As we complete the last few finishing construction items, such as insulating the pipes and tying in the last wells, we will be able to see Thermo run at its peak power output within the next few weeks. We are behind a bit on testing of wells at Thermo, but believe they will all be online and tied into the plant by the end of the month. The finishing items of fencing, insulating and security systems for the plant should all be done by our next public tour date.”

The Company also announced the next public tour date for Thermo as February 26, 2009 at the plant’s site in Beaver County, Utah. Today, Raser held its first public tour since the ribbon cutting ceremony in November with dozens of people attending and observing the plant in running condition. The Company expects to hold regular tours open to the public to meet the interest in the new geothermal technology and rapidly deployed power plant.

About Raser Technologies
Raser (NYSE: RZ) is an environmentally focused technology licensing and development company operating in two business segments. Raser’s Power Systems segment is seeking to develop clean, renewable geothermal electric power plants and bottom-cycling operations, incorporating licensed heat transfer technology and Raser’s Symetron™ technology developed internally by its Transportation and Industrial Technology segment. Raser’s Transportation and Industrial Technology segment focuses on extended-range plug-in-hybrid vehicle solutions and using Raser’s award-winning Symetron™ technology to improve the torque density and efficiency of the electric motors and drive systems used in electric and hybrid-electric vehicle powertrains and industrial applications. Further information on Raser may be found at: www.rasertech.com.

Cautionary Note Regarding Forward-Looking Statements
This press release contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including, but not limited to, statements regarding: our beliefs about preliminary drilling results; our beliefs about the potential for geothermal power generation on our leased properties and its qualification for certain federal tax credits; our beliefs about our ability to exploit the available geothermal resources; our beliefs about the expected timing relating to the testing and commissioning of our geothermal power project; our beliefs about local utility’s ability to complete their work in a timely manner; our beliefs about our ability to obtain adequate development funding; our beliefs about our ability to utilize our technology and other available technologies to produce electric power from the available resources; and our beliefs about the geothermal market in general. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the competitive environment and our ability to compete in the industry; our ability to adapt our technology and third-party technology for the intended applications; our ability to secure necessary permits; the strength of our intellectual property; our ability to attract, train and retain key personnel; and such other risks as identified in our quarterly report on Form 10-Q for the quarter ended September 30, 2008, as filed with the Securities and Exchange Commission, and all subsequent filings.

All forward-looking statements in this press release are based on information available to us as of the date hereof, and we undertake no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.

Raser Technologies, Inc.
Richard Putnam
Investor Relations
(801) 765-1200
investorrelations@rasertech.com

Hayden Communications, Inc.
Cameron Donahue
(651) 653-1854
cameron@haydenir.com

Public Relations contact: Stern & Co.
Richard Stern
212 888-0044
richstern@sternco.com
Alison Simard
323-650-7117
arsimard@sternco.com