Raser Technologies Announces Plans to Explore Strategic Alternatives

Raser Technologies, Inc., a renewable energy company focused primarily on geothermal power development, announced today that, in view of its current cash resources, nondiscretionary expenses, debt and near term debt service obligations, it intends to explore all strategic alternatives to maintain its business as a going concern, including, but not limited to, a sale or merger of the Company, or one or more other transactions that may include a comprehensive financial reorganization of the Company.