Raser Technologies

Raser Technologies Releases Video Update on Geothermal Power Plant

Thursday, September 3, 2009 | Category: Press Releases | Print

New Web Video Outlines the Steps Being Taken to Bring the “Hatch Plant” up to Full Capacity

PROVO, Utah–Raser Technologies, Inc., an energy technology company, announced today that it has released a new video on its website. The video shows the latest developments in the following areas:

  • The 5th production well
  • Well casing
  • Pumps
  • Permanent piping
  • Generators
  • Overall well field optimization

Principal Executive Officer Richard D. Clayton said, “We’ve learned a great deal about the geothermal resource at Thermo, UT, which will help us build future power plants more efficiently. We’re currently selling 5 MW of clean, green geothermal power to Anaheim, CA and we’re ramping up to full capacity.”

To see the “Hatch Plant” update video click on this link rasertech.com/plantupdate.

About Raser Technologies

Raser (NYSE: RZ – News) is an environmental energy technology company focused on geothermal power development and technology licensing. Raser’s Power Systems segment is seeking to develop clean, renewable geothermal electric power plants and bottom-cycling operations, incorporating licensed heat transfer technology and Raser’s Symetron™ technology developed internally by its Transportation and Industrial segment. Raser’s Transportation & Industrial segment focuses on extended-range plug-in-hybrid vehicle solutions and using Raser’s award-winning Symetron™ technology to improve the torque density and efficiency of the electric motors and drive systems used in electric and hybrid-electric vehicle powertrains and industrial applications. Further information on Raser may be found at: www.rasertech.com.

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 potential for geothermal power generation on our leased properties; our beliefs about our ability to utilize our technology and other available technologies to produce electric power from the available resources; and our beliefs about the geothermal market in general. 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; our ability to adapt our technology and third-party technology for the intended applications; our ability to secure necessary permits; the strength of our intellectual property; our ability to attract, train and retain key personnel; and such other risks as identified in our quarterly report on Form 10-Q for the quarter ended June 31, 2009, 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.

Contact:

Raser Technologies, Inc.
Investor Relations
Issa Arnita, 801-765-1200
investorrelations@rasertech.com
or
Hayden IR
Cameron Donahue, 651-653-1854
cameron@haydenir.com

Share or Bookmark this page:
  • Facebook
  • email
  • RSS
  • Twitter
  • PDF
  • Print

See Also: