Raser Technologies, Inc. Receives Third Notice of Allowance

PROVO, Utah--Dec. 1, 20059, 2005--Raser Technologies, Inc. (PCX:RZ)("Raser"), a technology licensing company that develops and licenses advanced electric motor, electronic motor drive and related technologies, announced today that it has received a third Notice of Allowance for its proprietary Symetron(TM) technologies. This latest notice is for Raser's "Electromagnetic Motor" patent application that was filed in September, 2004. Raser expects the patent to formally issue in the first quarter of 2006.

Patent Application Serial Number 10/952,663 was filed on September 29, 2004. This is the third Raser patent application to receive a Notice of Allowance incorporating its initial proprietary Symetron(TM) concepts. There are 20 separate claims that will be allowed within the patent.

"Raser previously announced in November receiving Notice of Allowance for Patent Application Serial Number 10/885,103, which we believe sets initial intellectual property boundaries with regards to the some of the key control strategies we employ," stated Brent M. Cook, CEO of Raser. "This patent will strengthen certain points of interest surrounding the AC Induction motor itself and the control strategies embodied by Symetron(TM). The unique concepts acknowledged by this notice of allowance will add protection to our technology licensing offerings in the transportation and industrial business segments."

Intellectual property is a central element in the Raser business model. Raser endeavors to license its technology innovations to existing manufacturers of motors and electronic drives, deriving most of its revenue from license and royalty payments. This business approach allows Raser to work together with the incumbent manufacturers of AC induction motors and electronic drives in a mutually beneficial relationship while delivering innovative technology advances to the marketplace.

"Issuance of this patent further enhances our primary intellectual property base and is representative of our aggressive technology deployment and protection strategy. We will continue to employ patent protection, privacy agreements and trade secrecy strategies in conjunction with our overall commercialization strategy," stated Jonathan Reid, General Counsel of Raser. "Patent issuance facilitates more open communication with both commercial and governmental customers, as well as manufacturing and strategic partners, regarding the significant value we believe Raser's Symetron(TM) technologies bring to the market."

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, electronic 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. Raser is headquartered in Provo, Utah. 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 Symetron(TM) technology, the potential infringement of the Company's intellectual property on prior art, the allocation of capital and the company's commitment to the development and testing of the Symetron(TM) technologies, its applications, performance characteristics and the business prospects for such technology and the Company, and the Company's future results of operations. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, changes in market conditions for the Company's technology, risks associated with commercialization of the technology, and such other risks as identified in our quarterly report on Form 10-QSB for the quarter ended September 30, 2005, as filed with the Securities and Exchange Commission, and all subsequent filings, which contain and identify important factors that could cause the actual results to differ materially from those contained in our projections or forward-looking statements. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we undertake no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.