Raser Technologies Releases Video Update on Relationship with Hyundai Heavy Industries

Raser Technologies, Inc. (NYSE: RZ), an energy technology company, released a video today to provide an update on the relationship between Raser and global industrial manufacturer Hyundai Heavy Industries, a global leader in grid-electrical equipment and renewable energy generation equipment.

The two companies recently completed meetings at Raser’s headquarters in Provo Utah, to further discussions for greater cooperation in the production of clean renewable energy and manufacturing of plug-in electric vehicles. The meetings came following prior meetings held a year ago in Korea when Dr. Min invited Raser Chairman, Kraig Higginson, and Vice President David West to meet to discuss cooperation between the two companies in light of the global trend toward electric transportation to meet the growing demand for clean energy and transportation.

In talks, the two companies expressed a shared vision to work together to deliver clean renewable energy to power electric vehicles as the world moves from petroleum to electricity for transportation. In 2006, the two companies signed an agreement for greater cooperation enabling Hyundai Heavy industries to manufacture Raser's advanced electric motors and generators for electric vehicles and renewable energy power generation.

In addition to being one of the world's leaders in electric transmission equipment, Hyundai Heavy Industries is also a manufacturer of wind turbines and photo-voltaic solar panels and plans to expand manufacturing and distribution in the U.S. and globally.

The two companies also discussed ways to cooperate in manufacturing Raser’s electric vehicle technology for application in trucks and SUVs, the highest selling class of vehicles in the U.S.

To see the “HHI” update video click on this link http://www.rasertech.com?p=3113&shareadraft=baba3113_4bda3208a4ad1

About Hyundai Heavy Industries

Hyundai Heavy industries is a $20 billion company and a leading global manufacturer of electric motors and renewable energy related technologies and is recognized as the largest ship builder in the world. Chairman Min is received his PhD. from MIT in the United states and previously headed the platform engineering group an HHI.

About Raser Technologies

Raser (NYSE: RZ) 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 video and press release contain 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 preliminary drilling results; our beliefs about the potential for geothermal, solar and 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 development of our geothermal power projects or any solar or wind power generation projects; 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; our ability to regain and maintain compliance with NYSE listing standards; and our beliefs about the geothermal, solar and wind energy markets in general. 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 annual report on Form 10-K for the year ended December 31, 2009, as filed with the Securities and Exchange Commission, and all subsequent filings.

All forward-looking statements in this video and 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.