PROVO, Utah--(BUSINESS WIRE)--Raser Technologies, Inc., an energy technology company, announced today it has made the semi-annual interest payment of $2.2 million to the holders of Raser’s 8.00% Convertible Senior Notes due 2013. The interest payment was required to be paid by November 1, 2010.

Raser CEO, Nick Goodman said, “We are pleased to be able to put the matter of this payment behind us and move forward with our business plan. We continue to make progress on several initiatives including: the development of the Lightning Dock, New Mexico geothermal project, the development of extended range electric trucks for fleet use, the sale of Thermo No. 1 and the separation of our automotive segment.”

About Raser Technologies

Raser is an environmental energy technology company focused on geothermal power development and technology licensing. Raser’s Power Systems segment develops clean, renewable geothermal electric power plants with one operating plant in southern Utah and eight active and early stage projects in four western United States: Utah, New Mexico, Nevada and Oregon, as well as a concession for 100,000 acres in Indonesia. Raser’s Transportation and Industrial segment focuses on extended-range plug-in-hybrid vehicle solutions and using Raser’s award-winning Symetron™ technology to improve the torque density and efficiency of the electric motors and drive systems used in electric and hybrid-electric vehicle powertrains and industrial applications. Further information on Raser may be found at: www.rasertech.com.