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Raser Technologies to Ring Opening Bell at NYSE

28.04.2009 19:20
http://www.finanznachrichten.de/nachrichten-2009-04/13756328-raser-technologies-to-ring-opening-bell-at-nyse-004.htm

Raser Technologies, Inc. (News) (NYSE: RZ), a leading energy technology company, announced today that it will ring The Opening BellSM at the New York Stock Exchange (NYSE) on Friday, May 1, 2009, commemorating its listing on the Big Board where Raser recently began trading in December 2008. The Opening Bell will take place at 9:30 a.m. Eastern time at the New York Stock Exchange.

”To help celebrate this momentous occasion, we will bring our recently unveiled extended-range electric vehicle, the H3 Hummer E-REV,” said Kraig Higginson, Chairman of Raser Technologies. ”This vehicle is powered by Raser’s E-REV powertrain and was developed in conjunction with Raser’s integration partner, FEV, as well as a global automaker. The full-size SUV is a four-wheel drive vehicle and designed to achieve over 100 mpg in typical local daily driving with near zero emissions by driving up to 40 miles per day in all-electric mode.”

The H3 Hummer E-REV will be located on Broad Street just south of Wall Street, in front of the New York Stock Exchange.

Raser will hold a number of media interviews at the NYSE in conjunction with its bell ringing activities to discuss its rapid deployment of geothermal power plants as well as its EREV demonstration vehicle.

”The New York Stock Exchange remains the world’s premier market for publicly traded companies,” said Brent M. Cook, CEO of Raser Technologies. ”We believe the increased exposure to a broader investment community provided by the NYSE will continue to serve the best long-term interests of our stockholders.”

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.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=5950994〈=en

Contacts:

Raser Technologies, Inc.
Richard Putnam, 801-765-1200
Investor Relations
[e-mail]
or
Hayden IR
Cameron Donahue, 651-653-1854
[e-mail]
or
Public Relations:
Stern&Co.
Richard Stern, 212-888-0044
[e-mail]
Alison Simard, 323-650-7117
[e-mail]