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 annual ELECTRIC POWER Conference, which covers the most important strategic and tactical issues in the power generation industry for coal, gas, nuclear and renewables.

Raser received the award in the Alternative Energy – Geothermal category, sponsored by POWER Magazine, at the ELECTRIC POWER Conference’s annual Power Plant Awards Banquet in Chicago, on Monday, May 11, 2009.
“We are honored to be recognized by the industry and our peers for our efforts and success in building an exemplary power plant. We are continuing to develop our geothermal resources and thus expand the nation’s potential energy supply,” said Brent M. Cook, CEO, Raser Technologies. “This industry recognition validates our approach to delivering zero-emissions electricity.”

ELECTRIC POWER, the world’s most comprehensive conference covering power generation, is sponsored by POWER Magazine and is being held May 12-14, 2009 at the Donald E. Stephens Convention Center, Chicago. More than 500 leading power industry suppliers are attending the 2009 conference. POWER Magazine’s Plant of the Year award, as well as the PRB Plant of the Year recipient, are all recognized during this conference.

About Raser Technologies
Raser is an environmental energy technology company focused on geothermal power development and technology licensing. 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 segment. Raser’s Transportation & Industrial 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.

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

Hayden IR
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