DALLAS, Oct. 29, 2009 (GLOBE NEWSWIRE) -- InvestorSoup.com announces an investment report featuring Raser Technologies Inc. (NYSE:RZ). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Raser Technologies Inc. (NYSE:RZ) should be of particular interest to comparable technology and power companies: United Technologies Corp. (NYSE:UTX), Calpine Corp. (NYSE:CPN), UQM Technologies Inc. (NYSE:UQM) and ABB Ltd. (NYSE:ABB).
It is available at: http://www.investorsoup.com/lp/RZ
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Raser Technologies Inc. (RZ) is a geothermal power development and technology licensing company. The Company operates in two business segments: power systems, and transportation and industrial technology. The power systems segment develops renewable geothermal electric power plants and bottom-cycling operations. The transportation and industrial technology segment focuses on using its Symetron family of technologies to improve the efficiency of electric motors, generators and power electronic drives used in electric and hybrid electric vehicle propulsion systems. RZ has accumulated a portfolio of geothermal interests in four western continental states and a geothermal concession in Indonesia.
In the report, the analyst notes:
"The Company has incurred significant losses since its inception. As of June 30, 2009, it had incurred an accumulated deficit of approximately $99.9 million on cumulative revenues since inception of approximately $1.4 million. Net loses applicable to common stockholders for the six months ended June 30, 2009 and 2008 totaled $10.4 million and $12.9 million, respectively.
"RZ recently announced that U.S. Secretary of Commerce Gary Locke invited the Company's Principal Executive Officer Richard Clayton to participate in a forum titled 'Clean Energy Economy.' The forum was held October 22, 2009, in Washington, D.C. The American Recovery and Reinvestment Act passed earlier this year sets aside millions of dollars in grants and billions in loan guarantees to support and advance renewable energy projects. RZ has applied for several innovative exploration grants through the Department of Energy's Geothermal Technologies Program and also intends on applying for the 30% Treasury Grant ..."
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