Raser Adds Industry Expert to Management Team

PROVO, Utah--Oct. 6, 2005--Raser Technologies, Inc., (OTCBB:RSTG) ("Raser") a technology licensing company that develops and licenses advanced electric motor, electronic motor drive and related technologies, announces that Thomas Kaporch, a leading expert on power electronics and global business development, has joined Raser as Senior Vice President of Business Development.

Mr. Kaporch brings with him over 25 years of domestic and international experience in strategic planning, strategic marketing, general management, strategic technology development, sales, sales management and engineering. Mr. Kaporch is an internationally recognized authority on electronic motor drives, electric motors and power electronics.

Prior to joining Raser, Mr. Kaporch served as President of Drives Research Corporation, a leading management consulting, market research and technology assessment firm specializing in electronic motor drives and electric motors. Mr. Kaporch also served for 10 years as President of Yaskawa Corporation of America, a U.S. subsidiary of Yaskawa Electric Corporation where he was instrumental in helping Yaskawa become one of the world's largest suppliers of AC electronic motor drives and brushless permanent-magnet servo motor drives.

Mr. Kaporch was also employed as the Director of Strategic Global Marketing and Business Development, Motor Drives Sector with International Rectifier , one of the world's largest manufacturers of motor drive power semiconductors and High Voltage Integrated Circuits (HVICs). Prior to International Rectifier, Kaporch served in key management and engineering positions at Emerson Electric , the world's largest manufacturer of electric motors.

"I'm fortunate to have played a role in the evolution of the electronic motor and motor control industry. I've been following Raser since it first published independent test results. With its novel motor design and breakthrough in modern control theory, I believe Raser has the potential to be a significant factor in increasing the size of this industry. Raser provides me with an opportunity to contribute further to its growth in many major market segments," said Kaporch.

"Tom brings both a sound engineering background in the world of electric motors and advanced controller design and an outstanding record of commercial success in international business development," said Brent M. Cook, Raser's CEO. "We continue to build a world class engineering and management team in areas that are of strategic importance to our company. The addition of Tom is a significant step in building our management team, and I'm confident that he will help us to achieve our business plan and implement our growth strategies."

About Raser Technologies

Formed in 2003, Raser believes that its current and pending patents and proprietary intellectual property cover breakthrough technologies. Raser's Symetron(TM) technologies more efficiently harness electrical energy in electric motors, electric motor drives and controllers, alternator and generator technologies. Application of Symetron(TM) generally requires minor changes to existing manufacturing processes for motors or their controllers, but yields significant increases in power, performance and efficiency to the rotating electro-magnetic application without the use of exotic materials. Further information on Raser may be found at www.rasertech.com .

Cautionary Note Regarding Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including, but not limited to, statements regarding the following: the Company's beliefs about the performance capabilities of its technology, the Company's ability to commercially license the technology, and the Company's beliefs regarding development of commercial and governmental projects and such other risks as identified in our quarterly report on Form 10-QSB for the quarter ended June 30, 2005, as filed with the Securities and Exchange Commission and all subsequent filings.