Raser Technologies Announces 3 Times Power Density Improvement in Electric Motors Validated by Independent Lab

PROVO, Utah--Dec. 1, 2003--Raser Technologies Inc. (OTC BB: RSTG) announces the company has achieved a 300 percent power density improvement from a popular standard industrial electric motor.

Raser Technologies recently announced a breakthrough in advanced electric motor design that has shown in tests to improve motor performance by up to three times. This new technology, called Symetron(TM), is a proprietary, multiple patent pending set of design innovations that can be implemented using current manufacturing processes and does not require expensive or exotic materials. The improved performance was validated in additional testing at an accredited independent lab. The results were published at the EVS-20 show in a nonproprietary white paper. A report on the show may be found at the company's Web site: http://www.rasertech.com/news_report.html.

Raser Technologies' CEO Kraig Higginson stated that the company's intention is to license the technology to major motor manufacturers. This strategy allows manufacturers immediate access to the technology. Higginson noted, "We're not offering the market another electric motor, we're offering electric motor manufacturers technology to make their motors better."

Advanced Energy conducted the company's most recent test, where a low-cost standard industrial electric motor was modified internally with Symetron(TM) technology. The modification did not alter the external dimensions of the motor and only added a half-kilogram in weight. The modified motor showed an improvement of up to three times more power density without compromising efficiency. This improved performance is distinctly different than simply overdriving a motor. The unmodified motor would overheat and fail before driven to sustained three times torque levels.

The company's recent test shows that after being enhanced with Raser's technology, a low-cost 5 HP standard industrial electric motor produced more than 75 hp continuous at 7200 rpm without compromising efficiency.

The improved power density offered by the Symetron(TM) technology creates value for manufacturers in two ways. "Motor manufacturers can choose to offer a smaller, lighter lower cost motor with the same performance, or a higher performance motor in the same size package," commented Higginson.

The Symetron(TM) technology is believed to be able to improve the performance of most types of electric motors, but delivers the most dramatic results with AC induction-style motors.

Founded in 2001, Raser Technologies believes that its patents cover breakthrough electric motor technology. This technology more effectively harnesses one of nature's most useful forms of energy and delivers it in a low-cost, lightweight electric drive system for industry, home and electric vehicles.

This press release may contain forward-looking statements including the company's beliefs about its business prospects and future results of operations. These statements involve risks and uncertainties. Among the important additional factors that could cause actual results to differ materially from those forward-looking statements are risks associated with the overall economic environment, realization of customer contracts, strength of the company's pending intellectual property, changes in anticipated earnings of the company and other factors detailed in the company's filings with the SEC. In addition, the factors underlying company forecasts are dynamic and subject to change and therefore those forecasts speak only as of the date they are given. The company does not undertake to update them; however, it may choose from time to time to update them and if it should do so, it will disseminate the updates to the investing public.

The company's test results, which have been third party verified and are believed to be significant, require substantial additional testing programs to be conducted, as deemed necessary by potential licensees, prior to implementation into production of electric motors. A list of the potential risk factors that may affect the company's prospects may be found in the company's most recent 8K filing dated Oct. 1, 20034, 2003. These risk factors should be read in conjunction with this release.