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Raser Awarded Drive System
Technology Innovation of the
Year by Frost & Sullivan

 

 

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Raser CEO Brent Cook Accepts Award
See also: Video of Raser's Acceptance Speech

2006 Motor Drive Systems
Technology Innovation of the Year Award
Award Recipient: Raser Technologies, Inc.


The Frost & Sullivan 2006 Technology Innovation of the Year Award in the field of Motor Drive Systems is presented to Raser Technologies, Inc. of Provo, Utah, for its work developing and innovating the Symetron™ AC Induction -based Hybrid drive system technology. This innovation represents a significant step forward in reducing dependency on oil by harnessing clean renewable electric power for transportation.

The Symetron motor and controller system provides improvements over conventional electric motors – increased power, a lower cost per kilowatt, higher reliability, and high torque density from an economical AC induction design. This makes it suitable for use in a wide range of electric and hybrid vehicles such as cars, buses, and trucks.

Raser's Drive Systems incorporate its patent pending Symetron control software and motor designs. Raser’s Symetron P-50 Integrated Starter Alternator(ISA) is low cost, high torque electric drive system for hybrid vehicle applications. Its compact design and economy allow automakers new options for including hybrid features in more vehicle models. At 107 mm in length and a weight of only 30 kg, the P-50 motor, demonstrates 48 kW of peak power, 230 Nm of peak torque, and a peak efficiency of 94%. As a generator, the P-50 produces 20 kW of power. This impressive performance is achieved largely through more intelligent control of the motor without the use of expensive rare earth materials such as permanent magnets.

Symetron technology is also distinguished by its versatility and adaptability to a host of applications. This is made possible by its ability to scale to higher horsepower requirements at minimal expense. This can help facilitate the rapid expansion of hybrid offerings by automakers. These features can be exploited in hybrids (full hybrids and plug-in hybrids) ranging from economy cars and light trucks to large buses and military combat vehicles. Using such technology, automakers can accelerate the development of cost-effective hybrid options for current makes and models. In addition, Raser’s ISA technology can help reduce vehicle manufacturing costs by replacing two devices, the starter and the alternator, found in today’s conventional internal combustion engine (ICE) vehicles, with an Integrated Starter Alternator for better performance and fuel economy.

In keeping with its pursuit of technological innovation, Raser recently announced the completion of its state-of-the-art Technology Development Center in Orem, Utah. Raser's engineers utilize this facility to accelerate the development and testing of prototypes and products for customers and manufacturing partners. By expanding its engineering capabilities, Raser plans to leverage its technology innovations for additional product offerings in industry and power generation.

In summary, Raser Technologies, Inc. has made key contributions to technology innovation in motor drive, control and propulsion systems, which has in turn helped drive progress in hybrid vehicles. Because of such widely applicable contributions, the company is presented with the Frost & Sullivan Award for Technology Innovation of the Year.

About Best Practices

Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry. For more information, visit awards.frost.com.

About Frost & Sullivan

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit www.frost.com.

 

Award Description
Frost & Sullivan’s Technology Innovation of the Year Award is bestowed upon a company (or individual) that has carried out new research, which has resulted in innovation(s) that have or are expected to bring significant contributions to the industry in terms of adoption, change, and competitive posture. This award recognizes the quality and depth of a company’s research and development program as well as the vision and risk-taking that enabled it to undertake such an endeavor.


Research Methodology
To choose the award recipient, Frost & Sullivan’s analyst team tracks innovation in key hi-tech markets. The selection process includes primary participant interviews and extensive primary and secondary research via the bottom-up approach. The analyst team shortlists candidates on the basis of a set of qualitative and quantitative measurements. The analysts also consider the pace of research and technology innovation, and the significance or potential relevance of the innovation to the overall industry. The ultimate award recipient is chosen after a thorough evaluation of this research.

Measurement Criteria
In addition to the methodology described above, there are specific criteria used to determine the final rankings. The recipient of this award has excelled based on one or more of the following criteria:

  • Significance of the innovation(s) in the industry, and across industries (if applicable)

  • Potential of the products of innovation(s) to become industry standard(s)

  • Competitive advantage of innovation vis-à-vis other related innovations

  • Impact (or potential impact) of innovation(s) on company or industry mind share and/or company bottom line

  • Breadth of intellectual property related to the innovation(s), that is, patents, scientific publications, and papers in peer-reviewed journals.
     

 

 
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.

 

 


Press Releases:
Raser Awarded Drive system Technology Innovation of the year by Frost & Sullivan

 

Raser CEO Brent Cook Accepts Award
See also: Video of Raser's Acceptance Speech

 

Discover the technology behind the award

 





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