Raser recently signed a worldwide license agreement with privately held Wilson Auto Electric Ltd. of Canada, in which Wilson will have the right to incorporate Raser’s Symetron™ electromagnetic motor and generator technology into truck and automotive alternators. Prior to the signing of this agreement, Raser and Wilson have been operating under a memorandum of understanding that set forth the procedures for the testing and mass-production qualification of Raser’s Symetron™ technology. The term of the license agreement is five years.

“Wilson plans to manufacture and sell Symetron™ Enhanced alternators that offer significantly higher output over a standard alternator of the same size.

The Technology license to Wilson Automotive also included the right to use Raser’s proprietary Intelligent Voltage Regulator (IVR) technology.

“Raser’s new high output alternator technology will help the meet growing demand for the higher amp output required by truck other heavy duty vehicles, while improving their fuel economy with higher efficiency and reducing maintenance due to the brushless design. Most alternator failures are simply a result of brushes wearing out. Brushless alternators have a much longer life because they don’t use brushes. By combining these durability features with Raser’s improved output and efficiency, we believe we can help alternator companies be more competitive in the marketplace,” said Jim Spellman, VP Transportation, Raser Technologies.

The license agreement provides for the use of Raser’s Symetron™ technology in both 12-volt and 24-volt high output brushless claw-pole alternators, including Raser’s proprietary Intelligent Voltage Regulator (IVR). The primary use for these types of alternators is currently in medium and heavy duty trucks, buses, taxis, emergency and specialty vehicles, and agricultural equipment. The total market for high output, vehicle alternators is estimated at $600 million annually, of which brushless alternators represent approximately 30%. At a 6-8% annual growth rate, the long life and low maintenance brushless market is expected to grow faster than the brushed market. Wilson plans to begin field testing the Symetron™ enhanced alternators in the fourth quarter of 2007 and anticipates completing this testing program in the second quarter of 2008.

“Raser’s Symetron technology gives us a distinct competitive advantage in the market. We are very pleased with the higher output and increased efficiency offered by Raser’s technology. We hope to use Symetron technology to secure our leadership in this growing market,” said Larry Fedoruk, General Manager, Wilson Auto Electric.

Wilson Auto Electric Limited is the largest independent North American manufacturer and re-manufacturer of alternators, starters and electrical component parts for the automotive, agricultural, industrial, heavy duty truck, and marine aftermarkets.

Patrick Schwartz, Raser’s President stated, “We are thrilled to advance our relationship with Wilson. After more than 67 years in business, they have a well-earned reputation for providing the truck and automotive industries with high quality products and service. We look forward to a long and mutually rewarding relationship with them.”

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