Raser Technologies Files for Listing on the NYSE "Big Board"

Raser Technologies Files for Listing on the NYSE "Big Board"

Trading Expected to Transfer from NYSE Arca to NYSE in First Quarter 2009

PROVO, Utah, Dec 15, 2008 -- Raser Technologies, Inc. (NYSE Arca:RZ), a leader in geothermal power development, announced that it has received confirmation from the New York Stock Exchange that Raser has been cleared by NYSE Regulation to file an Original Listing Application to move from the NYSE Arca and list on the New York Stock Exchange. Upon approval of its application and satisfaction of the NYSE listing requirements, Raser expects to begin trading on the NYSE "Big Board" under the ticker symbol RZ in the first quarter of 2009. Until that time, Raser will continue to trade on the NYSE Arca under the ticker symbol RZ.

"The New York Stock Exchange remains the world's premier market for publicly traded companies," said Brent M. Cook, CEO of Raser Technologies. "We believe the increased exposure to a broader investment community provided by the NYSE will be in the best long-term interests of our stockholders."

About Raser Technologies Raser (NYSE Arca:RZ) is a publicly traded, environmentally focused technology licensing and development company operating in two business segments. 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(TM) technology developed internally by its Transportation and Industrial Technology segment. Raser's Transportation and Industrial Technology segment focuses on extended-range plug-in-hybrid vehicle solutions and using Raser's award-winning Symetron(TM) 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 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 the benefits to our stockholders of listing on the NYSE and our ability to meet the listing requirements for the NYSE to successfully list our common stock on the NYSE. These forward-looking statements are subject to a number of risks and uncertainties, including the risks identified in our quarterly report on Form 10-Q for the quarter ended September 30, 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. SOURCE: Raser Technologies, Inc. Raser Technologies, Inc. Investor Relations Richard Putnam, 801-765-1200 investorrelations@rasertech.com or Hayden Communications, Inc. Cameron Donahue, 651-653-1854 cameron@haydenir.com or Public Relations contact: Stern & Co. Richard Stern, 212-888-0044 richstern@sternco.com or Alison Simard, 323-650-7117 arsimard@sternco.com



Published at The Investorideas.com Renewable Energy and GreenTech Business and Stock News RSS Feed: Subscribe : http://www.investorideas.com/RSS/feeds/RES.xml
Become an Investorideas.com Member
Gain Exclusive Insight on Leading Sectors, Global Trends, and Insider Trading Ideas, News, Articles and the complete renewable energy stocks directory.
Learn more: http://www.investorideas.com/membership/


InvestorIdeas.com Disclaimer: Issuers of press releases and articles are solely responsible for the accuracy of the content