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Raser Introduces
Series PHEV
Drive System
April 14, 2008
In a press conference today, Raser
unveiled its Extended Range Series Plug-In Hybrid
Electric Vehicle (PHEV) drive system that is under
development in conjunction with its development
partner FEV, at the at the 2008 SAE World Congress
in Detroit. This Extended Range (PHEV) Demonstration
Vehicle is targeted for completion later this year.
This animation was displayed at the show along with
a full sized display of the extended range plug-in
series hybrid electric drive system.
Jim Spellman, Raser's program manager presented the
drive system design and
answered questions from the press.
The Drive System is designed to enable larger
vehicles such as SUV's and light trucks to achieve
over 100 mpg in typical daily under full electric
power with near zero emissions. This system allows
clean low cost, renewable electric energy to be used
as the primary fuel making trucks and SUVs cleaner
and more affordable to drive. This design is
targeted initially for early demonstration in
utility and government fleets.
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Cautionary Note Regarding Forward-Looking Statements
This
press release 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: our beliefs about
the performance and market applicability of our
products; our beliefs about the status and
enforceability of the Company’s intellectual
property; our beliefs about the strength of our
existing and potential business relations in the
motor industry; our beliefs about the strength and
enforceability of our agreements, our beliefs about
the performance capabilities of our technology; our
beliefs about the capabilities, expertise and
intentions of our partners; our ability to hire,
train and retain key personnel; our ability to
successfully complete field testing of Symetron™
technologies. 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; the strength of
our intellectual property; our inability to attract,
train and retain key personnel; and such other risks
as identified in our quarterly report on Form 10-K
for the quarter ended December 31, 2007, 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.
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"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 |
View the Press Release
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