Raser Technologies, Inc. Elects Reynold Roeder as Chair of Audit Committee

PROVO, Utah--Nov. 2, 2005--Raser Technologies, Inc. (OTCBB:RSTG) ("Raser"), a technology licensing company that develops and licenses advanced electric motor, electric motor drive and related technologies today announced the appointment of Mr. Reynold Roeder as Chairman of its Audit Committee by its Board of Directors.

Raser's CFO, William Dwyer commented, "I appreciate the extensive financial background and experience that Reynold brings to Raser's Board of Directors, and particularly to the audit committee. I look forward to working closely with Reynold as we prepare to make the transition to accelerated filer status in 2006."

Raser takes pride in its sound corporate governance practices, and will continue to take steps necessary to assure compliance with all SEC rules.

"I appreciate the leadership that Lee Daniels has shown on our board over the past 18 months, and in particular his leadership of the audit committee during the current year," stated Raser Executive Chairman Kraig T. Higginson. "Lee has been an outspoken advocate for sound business practices, and I look forward to his continued involvement on the Raser Board of Directors and its committees."

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 and 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.