Raser Technologies to Report 2009 Third Quarter Financial Results on November 9, 2009

Raser Technologies, Inc. (NYSE:RZ), an energy technology company, announced today that management will report its 2009 third quarter financial results after the market close on Monday, November 9, 2009. Management will then host a conference call to discuss the results with the investment community:

Time: 5:00 p.m. Eastern Time (3:00 p.m. Mountain Time)

Date: November 9, 2009

Dial-in (investors): 877-407-0784 (domestic US) or 201-689-8560 (internationally)

Live Webcast http://www.talkpoint.com/viewer/starthere.asp?Pres=128475 or www.rasertech.com.

During the conference call, management will provide an update highlighting:

• Progress on bringing Thermo No. 1 to full production capacity of 10MW
• The restructuring of Thermo No. 1 financing
• Progress finalizing Prepaid PPA with SCPPA
• Alternative funding sources
• PHEV Update

A replay will be available until November 16, 2009, which can be accessed by dialing 877-660-6853 if calling within the United States or 201-612-7415 if calling internationally. Please enter account #3055 and conference ID #336145 to access the replay.

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 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.