Indy 500 Racing Legend Danny Sullivan at Press Conference at SAE World Congress

PROVO, Utah--March 30, 2006--Raser Technologies, Inc. (NYSE Arca: RZ)("Raser"), a technology licensing company that develops and licenses advanced electric motor, electronic motor drive, power generation and related technologies, announced today that Indianapolis 500 racing legend, Danny Sullivan, will address the press and fans at Raser's booth at the 2006 SAE World Congress in Detroit, Michigan on Monday, April 3.

Sullivan, a Raser Advisory Board member, said "Raser's technology enables automakers to incorporate two key consumer benefits: more power and greater economy. We don't have to give up power for fuel economy. The next generation hybrids could give us both."

Sullivan serves as a performance consultant on Raser's Advisory Board. Danny will be part of a Raser press conference, booth #927, at 12:00pm and will be meeting with the press, signing autographs, and attending VIP demonstrations of Raser's newest integrated starter alternator (ISA).

Danny Sullivan has won 17 major races and is best known for his spectacular "spin and win" victory over Mario Andretti in the 1985 Indianapolis 500.

Information on Race Driver Danny Sullivan may be found at: http://www.indy500.com/news/story.php?story_id=3594

About Raser Technologies, Inc.

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