Raser Technologies Issues Update and Financial Guidance on Geothermal and PHEV Developments

• SEE ALSO: EV-Motoring.Com
• SEE ALSO: Plug-in 2008 Exclusive Coverage
• SEE ALSO: Plug-in Buyers Guide
• SEE ALSO:350 Electric Vehicle Stories and Video

PROVO, Utah, Oct. 8, 2008 - Raser Technologies, Inc. (NYSE Arca:RZ), announced today that it has released the Company's 9th edition of its online video news report called Up to Speed, which can be viewed at: rasertech.com.

Up to Speed - Volume 9 was released today on Raser's website and is the latest in a series of video reports from Raser's CEO and top management that updates shareholders, customers and interested stakeholders about the Company’s progress on its corporate initiatives and strategic business plan. In this edition, members of Raser’s executive management team provide additional financial and other important information about Raser’s geothermal power plant operations and cash flows, as well as give an update on other company initiatives, including:

• Thermo’s funding agreement and plant economics
• Normalized plant economics and cash flows
• Bottom-cycling economics and funding
• Target plant completion timelines for future projects
• Raser’s target annual net monetization cash to Raser parent based upon plant rollout and normalized model economics
• Progress on initiatives in the Transportation and Industrial business

The video also features Lenny Hochschild, Managing Director of Evolution Markets, who discusses the current energy market and green power pricing in terms of future power purchase agreements for Raser. Evolution Markets helps Raser complete negotiations of power purchase agreements with large utilities and municipalities. Evolution Markets believes green power pricing will be in excess of $100 per megawatt hour for many of Raser’s future projects.