Motors & Drives Information

Raser Technologies, Inc. (PCX:RZ) ("Raser"), a technology licensing company that develops and licenses advanced electric motor, electronic motor drive and related technologies announced today that it has received a notice of allowance for a Motor Controller patent that was filed in July of 2004. Raser expects the actual patent to be issued in January of 2006.

Raser received notification of the allowance through its intellectual property counsel, Jones Day, one of the world's largest law firms. Patent Application Serial Number 10/885,103 was filed on July 7, 2004. This is the second of several Raser patent applications to receive a notice of allowance incorporating its initial proprietary Symetron(TM) concepts.

"Our business model is based on the uniqueness of our intellectual property, and this acknowledgment by the US Patent Office serves to confirm that we're working in uncharted territory," said Raser Chief Technology Officer, Tim Fehr. "We believe that the concepts covered by this patent are the building blocks for breakthroughs in the efficiency of variable speed motor drives, offering the potential for significant energy savings for existing AC induction motors. The electric motor drive technology covered by this patent is already being applied to our work with Advanced Energy for the State Technologies Advancement Collaborative and the Department of Energy."

Raser has 14 patents pending, and is in the process of preparing additional patent applications for related technologies to strengthen its intellectual property portfolio.

About Raser Technologies

Formed in 2003, Raser believes that its current and pending patents and proprietary intellectual property cover breakthrough technologies. Raser's Symetron(TM) technologies more efficiently harness electrical energy in electric motors, electronic motor drives and controllers, alternator and generator technologies. Application of Symetron(TM) generally requires minor changes to existing manufacturing processes for motors or their controllers, but yields significant increases in power, performance and efficiency to the rotating electro-magnetic application without the use of exotic materials. Raser is headquartered in Provo, Utah.