Raser's Tim Fehr Featured Speaker at EDTA Conference

ORLANDO, Fla.--Oct. 4, 2004--Raser Technologies, Inc.'s (OTCBB:RSTG) Chief Technology Officer, Mr. Timothy Fehr, was a featured speaker at the recent Electric Drive Transportation Association (EDTA) Conference and Exposition in Orlando, Florida. Mr. Fehr presented Raser's recent advancements in electric motor technology. "Raser's revolutionary AC pancake motor marks a significant advancement in providing high torque performance in an economical AC motor design," said Tim Fehr. "We believe our technology also offers significant advantages for use in integrated starter alternators (ISAs) for military and commercial applications. The combination of power and economy offered by Symetron(TM) technology are important factors for broad adaptation of hybrid technology in a wide range of vehicles from mild hybrids, to full hybrid cars, trucks and buses," continued Mr. Fehr.

As a member of the EDTA, Raser participated in this show because of the show's significance to hybrid and fuel cell car manufacturers. Toyota, Ford, and GM presented four of their new hybrid models. Other representatives from some of the world's leading automotive manufacturers were present, including Honda, Daimler/Chrysler, Enova, Ballard.

Information on Raser Technologies, Inc. may be found at: http://www.rasertech.com

Information about the EDTA show may be found at: http://www.edtaconference.com

Founded in 2001, Raser Technologies believes that its pending 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. A list of the potential risk factors that may affect the Company's prospects may be found in the Company's most recent 10K filing dated 30 March, 2004, as amended. These risk factors should be read in conjunction with this release.

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 patents, validation of the technology, 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.