Formed in 2003, Raser is a publicly traded technology licensing company focused on improving the efficiency of rotating electromagnetic and heat transfer applications within the Transportation, Industrial and Power Generation markets. Raser's Symetron motor technology is designed to take electric motor technology closer to its theoretical limit. Application of Symetron generally requires simple changes to existing products, but yields significant increases in power, performance and efficiency without the use of exotic materials. The company is also expanding its interest in power generation to include the development of geothermal electricity generating plants, deriving revenues from both the sale of the electricity as well as through monetizing the tax credits and attributes that such plants possess.