Raser CEO Brent Cook Accepts Frost & Sullivan Drive System Technology Innovation of the Year Award

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Transcript Frost & Sullivan Drive System Technology Innovation of the Year Award Acceptance Speech June 21, 2006 Brent M. Cook, CEO Raser Technologies On behalf of Raser Technologies, I’d like to thank Frost & Sullivan and their industry analysts for recognizing the significance of Raser’s innovation with this award. Indeed as a research and development company, our slogan’s is “we sell innovation.” In fact, this company was built on innovation and a remarkable discovery just a few years ago, which lead to the development of our Symetron technology. I’d like to thank our science and development teams for their untiring efforts. Their unique skills and inspiration were key in developing Symetron. We believe this technology will have a significant impact in the world, beginning with the advancement of hybrid vehicles, to the more efficient use of clean renewable electric power in almost every aspect of our lives. I take pride in being here tonight because we are in good company… companies who develop solutions. It is truly satisfying to be able to meet some of the biggest challenges we face to day with intelligent solutions. We are all aware of the problems associated with our continued dependency on oil. President Bush recently spoke of looking to American innovation for a solution. We at Raser are proud to be able to offer an advanced, low cost hybrid drive technology with enough power to replace the combustion engine, that can dramatically reduce the amount of gas burned in cars, and with it, reduce the harmful emissions and green house gases. In addition to the potential of a profound impact on transportation, Symetron technology may have a profound effect in almost every aspect of our lives, by improving electric motor performance in industry and by improving the efficiency of electric power generation. As I wrote this short speech on my laptop, I smiled to myself because my PC said INTEL inside. Though you may not see the sticker, many things in your daily life that use electric power may soon benefit from “SYMETRON INSIDE.” Thank you...and congratulations to all of you

 

Cautionary Note Regarding Forward-Looking Statements This video contains 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 the following: the ability of the Company to integrate its technologies into hybrid and plug-in hybrid vehicles; the Company's beliefs about the performance capabilities of its technology; the Company's beliefs regarding its research and development efforts; the Company’s ability to commercially license its technologies; the ability of the Company to obtain funding for development activities; and the ability of the Company to obtain commercial production contracts. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the competitive environment of the ISA and controller technologies; our inability to obtain funding for development activities; our inability to achieve commercial acceptance of our technology; our inability to compete effectively in the marketplace; the strength of our patent and pending patents and other intellectual property and those of our competitors; our inability to protect our intellectual property, and such other risks as identified in our quarterly report on Form 10-Q for the quarter ended March 31, 2006, as filed with the Securities and Exchange Commission, and all subsequent filings, which contain and identify important factors that could cause the actual results to differ materially from those contained in our projections or forward-looking statements. All forward-looking statements in this video 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 video.