Raser Technologies to Showcase Its 100-mpg Electric Hummer at Plug-In 2009 Conference, Long Beach, Calif., August 10-12

PROVO, Utah - August 7, 2009: Raser Technologies, Inc. announced today it will exhibit its 100-mpg extended-range electric Hummer H3E in Booth 401 at the Plug-In 2009 Conference. The event will be held August 10-12 at the Long Beach Convention Center, Long Beach, Calif.

Raser Vice President David West will speak at the convention on “Scaling Up from an Idea to Production.”

“We’ve taken a vehicle known for being both a gas guzzler and an environmental polluter and turned into a clean, green machine that outperforms its gasoline-powered equivalent,” said West.

The Hummer H3E is a plug-in electric vehicle with an onboard range extender. It’s designed to go about 40 miles in all-electric mode, after which a small gas-powered engine kicks in and powers a generator which then recharges the batteries. The H3E can go about 400 miles before needing to refuel. For most drivers, this means over 100 mpg in typical local daily driving and about 5 cents per mile versus 20 cents per mile for the typical gas version. The Hummer H3E was developed in cooperation with General Motors and integration partner FEV.

“We will be working now to implement this powertrain in as many trucks and SUVs as possible for both fleet and consumer use,” West added.

The Raser plug-in Hummer SUV was introduced at the SAE World Congress in Detroit, Mich., in April. It then went on a coast-to-coast tour, stopping at the New York Stock Exchange, U.S. Capitol, California State Capital and Western Governors’ Association Annual Meeting in Utah. Here’s what some of the lawmakers had to say after driving Raser’s electric Hummer:

“This is where the future is, and we just want to wish the company good luck in producing as many of these as possible.”

California Governor Arnold Schwarzenegger

“I got a sense that I was sitting in a car that represents the future of transportation in America.”

Utah Governor Jon Huntsman

“It doesn’t make any noise; it’s quiet. 40 miles on one charge, and as you can see, this is no small rig. It’s great.”

Montana Governor Brian Schweitzer

“Trucks and SUVs represent nearly half the vehicles on the road today and a majority of the fuel consumption and emissions. Our electric powertrain technology was designed for most 4WD SUVs and light trucks, giving consumers what they want, reducing our consumption of oil and cleaning up the environment all at the same time,” said West.

About Raser Technologies

Raser is an environmental Energy Technology company focused on geothermal power development and technology licensing. Raser’s Power Systems segment is seeking to develop clean, renewable geothermal electric power plants and bottom-cycling operations, incorporating licensed heat transfer technology and Raser’s Symetron™ technology developed internally by its Transportation and Industrial segment. Raser’s Transportation & Industrial segment focuses on extended-range plug-in-hybrid vehicle solutions and using Raser’s award-winning Symetron™ technology to improve the torque density and efficiency of the electric motors and drive systems used in electric and hybrid-electric vehicle powertrains and industrial applications. 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: our beliefs about the performance and market applicability of our products; our beliefs about the status and enforceability of the Company's intellectual property; our beliefs about the strength of our existing and potential business relations in the motor industry; our beliefs about the strength and enforceability of our agreements, our beliefs about the performance capabilities of our technology; our beliefs about the capabilities, expertise and intentions of our partners; our ability to hire, train and retain key personnel; our ability to successfully complete field testing of Symetron™ technologies. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the competitive environment and our ability to compete in the industry; the strength of our intellectual property; our inability to attract, train and retain key personnel; and such other risks as identified in our annual report on Form 10-K for the year ended December 31, 2008, as filed with the Securities and Exchange Commission, and all subsequent filings. 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.

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