Raser to Unveil 100 mpg SUV at SAE World Congress in Detroit

PROVO, Utah April 8, 2009: Raser Technologies, Inc. announced today it will unveil a 100+ mpg SUV at the Society of Automotive Engineers (SAE) World Congress in Detroit, Michigan April 20-23, 2009. The Vehicle is powered by Raser’s E-REV powertrain and was developed in conjunction with Raser’s integration partner, FEV and a global automaker. The full-size SUV is a four-wheel drive Extended-Range Electric Vehicle (E-REV) designed to achieve over 100 mpg in typical local daily driving with near zero emissions by driving up to 40 miles per day in all-electric mode.

Just one year ago, at the SAE World Congress, Raser announced it was developing an E-REV powertrain for use in full size SUVs and light trucks and had teamed with a leading OEM to build a demonstration SUV. This highly anticipated vehicle, featuring Raser’s electric powertrain, is now in road testing and will be unveiled and on display at this year’s show in FEV’s booth. In addition to SUVs, the powertrain is sized for application in many popular light trucks.

The SAE World Congress is the largest annual gathering of automotive engineers and typically highlights innovative automotive developments that often are incorporated in future production vehicles. The four-day Congress in Detroit is expected to host over 30,000 industry specialists, engineers and business leaders.

“We are excited to be able to demonstrate an electric powertrain for larger vehicles such as trucks and SUVs,” said James Spellman, Vice President, of Transportation for Raser Technologies. “These are the best selling vehicles in America and can benefit the most from increased fuel economy and reduced emissions. We are also pleased to be exhibiting with our development partner FEV.”

“We are pleased to support Raser in the development of this exciting project. Our goal in exhibiting this breakthrough vehicle is to demonstrate that electric vehicle technology is a viable solution for a variety of vehicle platforms,” said Gary Rogers, president and CEO of FEV. “Needs of consumers will continue to vary, and this full-sized SUV range-extended electric vehicle shows that fuel economy does not necessarily mean sacrificing power and utility.”