“I believe low-carbon fuel vehicles are the future and I want to see them succeed right here in California,” said Governor Schwarzenegger. “That’s why I’m bringing cars like this one to the Capitol where we can show the world there is a market for smart and innovative technologies that will also create jobs in the auto industry.”

• See Press Release: Governor Arnold Schwarzenegger To Showcase Raser’s Electric Hummer H3 In A Demonstration Drive At The California State Capitol

 

“California has been known for its leadership in emissions and fuel economy standards which have been a driving force in establishing the new national CAFE standard,” said Kraig Higginson, Chairman of Raser Technologies. “We believe Raser’s E-REV powertrain will enable trucks and SUVs to meet or exceed this new standard while dramatically reducing emissions in larger vehicles,” added Higginson.

The preceding 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; and our beliefs about the market acceptance of our technology. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including such risks as identified in our quarterly report on Form 10-Q for the quarter ended March 31, 2009, as filed with the Securities and Exchange Commission, and all subsequent filings. All forward-looking statements in the preceding 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 hereof.