Raser To Unveil Electric SUV

Raser Technologies, Inc. (NYSE:RZ) announced Wednesday 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 German integration partner, FEV and an unnamed global automaker that is expected to be revealed at the show.

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. The vehicle is now in road testing and will be unveiled and on display at this year’s show. In addition to SUVs, the powertrain is sized for application in many popular light trucks, the company said.

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.

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.

Raser’s Transportation & Industrial segment focuses on extended-range plug-in-hybrid vehicle solutions and using Raser’s 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.

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