PROVO, Utah--(BUSINESS WIRE)--Raser Technologies, Inc. (NYSE: RZ), an energy company, announced today that it has filed a prospectus supplement under which it may sell shares of its common stock having an aggregate offering price of up to $25 million, from time to time, through a Controlled Equity Offeringsm, or “at-the-market,” program. The shares would be offered through Cantor Fitzgerald as the sales agent.

Sales of common stock under the program, if any, would be made by means of ordinary brokers’ transactions on the New York Stock Exchange at market prices or as otherwise agreed with the agent. The Company intends to use the proceeds from any sales for general corporate purposes.

The Company has filed a registration statement (including a prospectus) and a prospectus supplement with the Securities and Exchange Commission (the "SEC") to enable the offering of common stock described in this communication. The shelf registration statement was declared effective by the SEC on June 12, 2009. Current and potential investors should read the prospectus in that registration statement, the prospectus supplement relating to the at-the-market offering and other documents the Company has filed with the SEC for more complete information about it and the at-the-market offering program. These documents may be obtained for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the Company or the sales agent will send the prospectus supplement (including the prospectus) upon request. Such requests may be made by contacting Cantor Fitzgerald & Co., Attention: Equity Capital Markets, 110 East 59th Street, New York, New York, 10022, or by calling 212-829-7122.

This press release does not and shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities, nor shall there be any sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state or jurisdiction.