Raser Technologies Hosts U.S. Senator Bob Bennett During a Visit to the Company’s Geothermal Plant
PROVO, Utah--Raser Technologies, Inc. , an energy technology company, announced today that U.S. Senator Bob Bennett made his first visit to the company’s geothermal power plant.
“Geothermal power is one of the few renewable technologies that can actually produce reliable, clean energy on a significant scale,” said Senator Bennett. “As ranking member of the Senate subcommittee on Energy and Water Development, I will continue to support advances in research and deployment for geothermal technologies.”
While at the plant, Senator Bennett also test drove Raser’s 100 mpg electric Hummer H3E.
“Terrific torque, terrific pickup and a very responsive vehicle,” said Senator Bennett.
To see a video of Senator Bob Bennett’s visit to Raser’s geothermal power plant, click on this link www.rasertech.com/bennettvideo
To see photos of the Senator’s visit, click on this link www.rasertech.com/bennettphotos
Raser’s first geothermal power plant is located in southern Utah and delivers clean, green electricity to Anaheim, CA as part of a 20-year power purchase agreement. For more information on geothermal power and the electric Hummer H3E, go to our website rasertech.com.
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. Raser’s Transportation and 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, our beliefs about the potential for geothermal power generation on our leased properties; our beliefs about our ability to exploit the available geothermal resources; our beliefs about the expected timing relating to the testing and commissioning of our geothermal power project; our beliefs about local utility’s ability to complete their work in a timely manner; our beliefs about our ability to obtain adequate development funding; our beliefs about our ability to utilize our technology and other available technologies to produce electric power from the available resources; and our beliefs about the geothermal market in general; 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; our ability to adapt our technology and third-party technology for the intended applications; our ability to secure necessary permits; the strength of our intellectual property; our ability to attract, train and retain key personnel; and such other risks as identified in our quarterly report on Form 10-Q for the quarter ended June 31, 2009, 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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