Raser Technologies, Inc. Appoints Mr. Dee J. Priano as Senior Vice President

PROVO, Utah--Feb. 2, 20052, 2005--Raser Technologies, Inc. (OTCBB:RSTG) a technology licensing company that develops and licenses advanced electric motor, controller and related technologies today announced the appointment of Mr. Dee J. ("DJ") Priano as Senior Vice President. Mr. Priano, age 59, will assist company personnel with development of market segments in which the company's Symetron(TM) advanced motor technologies will be licensed. He has had extensive experience in senior executive positions during his employment for Kennecott Corporation, a world class mining, concentrating, smelting and refining company.

During his 30 year career with Kennecott, Mr. Priano had full financial and operations reporting responsibility for various Kennecott properties including Utah Copper, Kennecott's largest operation. In 1997 Mr. Priano joined Headwaters, Incorporated where he was responsible for establishing key business relationships and negotiating licensing and supply agreements. He also assisted with plant start-up and early stage project development until his retirement from Headwaters in the year 2000.

"We are extremely pleased that DJ will be joining our management team here at Raser. He has proven to be a valuable asset in the projects he has previously been associated with, and I am confident he will contribute significantly to our efforts of commercializing and licensing our technologies," stated Brent M. Cook, CEO of Raser Technologies, Inc.

About Raser Technologies

Formed in 2003, Raser Technologies believes that its approved and pending patents and proprietary intellectual property cover breakthrough technologies. Raser's Symetron(TM) technologies more efficiently harness's electrical energy in electric motors, controllers, alternator and generator technologies. Application of Symetron(TM) generally requires simple changes to existing products, but yields significant increases in power, performance and efficiency without the use of exotic materials. Further information on Raser Technologies, Inc. may be found at: www.rasertech.com.