Conference Call Scheduled for 5 p.m. ET

Provo, UT, March 16, 2010 — Raser Technologies, Inc. (NYSE: RZ), an energy  company, announced today that management will report its 2009 fourth quarter and year end financial results after the market close on Wednesday, March 17,  2010. Management will then host a conference call to discuss the results with the investment community:

Time: 5 p.m. Eastern Time (3:00 p.m. Mountain Time)

Date: March 17, 2010

Dial-in (investors): 877-407-0784 (domestic US) or 201-689-8560 (internationally)

Live Webcast http://www.talkpoint.com/viewer/starthere.asp?Pres=129992.

A replay will be available until March 24, 2010, which can be accessed by dialing

877-660-6853 if calling within the United States or 201-612-7415 if calling internationally. Please enter account #3055 and conference ID #346507 to access the replay.

About Raser Technologies

Raser (NYSE: RZ) 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.

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Raser Technologies, Inc.

Issa Arnita

Investor Relations

(801) 765-1200

investorrelations@rasertech.com

Hayden IR

Cameron Donahue

(651) 653-1854

cameron@haydenir.com