This is a major development that we think will speed the commercialization
of PHEVs.

We've had conversations with the initiators of this Consortium. Although it
may not be fully evident from this press release, our understanding is that
their intent is to create a non-exclusive partnership of component
suppliers -- multiple vendors of systems for energy storage, propulsion
(motors, engines, power and drive trains), control and management, and
integration services -- working with multiple Original Equipment
Manufacturers (OEMs, the car companies).

As CalCars continues with its technology development and advocacy
projects, we expect to work together with the Consortium in many areas..

(If you want to point to this posting rather than reproduce the entire
press release, its URL is
<http://autos.groups.yahoo.com/group/calcars-news/message/121>.)


http://biz.yahoo.com/bw/050830/305436.html?.v=1
http://www.rasertech.com/news/scripts/full-news.php?1125404700
with a brief analysis at
http://www.greencarcongress.com/2005/08/advanced_hybrid.html

August 30, 2005 08:25 AM

Raser Technologies, Inc. to Spearhead ``Advanced Hybrid Vehicle Development
Consortium''

PROVO, Utah--(BUSINESS WIRE)--Aug. 30, 2005--Raser Technologies, Inc.
(OTCBB:RSTG), ("Raser"), a technology licensing company that develops and
licenses advanced electric motor, electric motor drive and related
technologies, along with:

-- One of the nation's leading electric and gas utility companies based in
San Francisco, California,

-- Maxwell Technologies (Nasdaq:MXWL), ("Maxwell"), a leading developer and
manufacturer of innovative, cost-effective ultra capacitor-based energy
storage and power delivery solutions, and

-- Electrovaya, Inc. (TSX:EFL), ("Electrovaya"), a world leader in the
field of portable power solutions with its award-winning, patented Lithium
Ion SuperPolymer(R) battery technology,

have agreed to work together as participants in a cooperative research and
development consortium called the Advanced Hybrid Vehicle Development
Consortium. The Consortium is expected to be made up of key component
suppliers who intend to work together with participating automobile
manufacturers to coordinate the development of key components and
demonstrate these advanced technologies in a "next generation", electric
motor dominant, plug-in hybrid electric vehicle.

The current and future participants in this Consortium intend to work
together to develop a working proof-of-concept passenger Plug-In Hybrid
Electric Vehicle ("PHEV") that may achieve 100-200 mpg for many drivers by
operating in all electric, zero emission mode for the first 20 - 50 miles.
This "Dual Mode" PHEV could then continue to operate in a high-efficiency
hybrid electric mode to achieve conventional range of operation. This
mileage estimate is based on a DOT study reporting that a majority of
vehicles in the US average less than 50 miles a day. By leading a
cooperative research and development consortium with the participation of a
major automobile manufacturer, the Consortium members plan to demonstrate
the benefits of PHEVs that consumers demand.

The prototype PHEVs are anticipated to be built with "off-the-shelf"
automobile components and available advanced hybrid technologies. The
"proof-of-concept" hybrid vehicle is intended to demonstrate that the
benefits of a PHEV can be achieved in a "manufacturable" design that meets
consumer price and performance objectives, delivers better fuel economy and
provides environmental benefits.

An "off-the-shelf" PHEV-20 (20 mile electric range) and an advanced PHEV-50
(50 mile electric range) vehicle may deliver improved performance and
extended vehicle range and battery life while operating for just 60 cents
per equivalent gallon of gas on electric fuel. The Consortium aspires to
help reduce the historical development gap between the OEM and Tier One
suppliers by demonstrating advancements in new technologies to accelerate
adaptation by major OEMs.

Raser's CEO, Brent M. Cook stated, "In order to achieve the objectives
automakers are striving for with hybrid vehicles, the electric motor has to
play a dominant role in reducing emissions and improving fuel economy
beyond what we now have. By working together, we can help reduce the R&D
gap between advanced component suppliers and the OEMs to accelerate vital
new technologies to market by demonstrating their readiness in the next
generation hybrid vehicles."

Senator Orrin Hatch commented on the Consortium, "As the author of the
CLEAR ACT, the provision in the energy bill promoting the use of
alternative fuel and hybrid vehicles, this is exactly the kind of industry
innovation we were seeking in the energy bill. This consortium will help
American automakers become more competitive by accelerating the development
of new technologies necessary for the next generation of hybrid vehicles."

Maxwell's CEO, Dr. Richard Balanson commented, "We are pleased that
Maxwell's BOOSTCAP(R) ultracapacitors were selected to complement the other
innovative technologies the Consortium is employing to develop a
super-efficient, environmentally compatible, hybrid drive system."

"Electrovaya is pleased to work with Raser and the Consortium to
demonstrate our advanced Super Polymer Lithium battery technology. It is
important for component suppliers to work closely with each other and with
OEM's directly to accelerate new technology to market and reduce cost and
development time," said Dr. Sankar Das Gupta, CEO, Electrovaya, Inc.

About Raser Technologies

Formed in 2003, Raser believes that its current and pending patents and
proprietary intellectual property cover breakthrough technologies. Raser's
Symetron(TM) technologies more efficiently harness electrical energy in
electric motors, electric motor drives and controllers, alternator and
generator technologies. Application of Symetron(TM) generally requires
minor changes to existing products, but yields significant increases in
power, performance and efficiency without the use of exotic materials.
Further information on Raser may be found at: www.rasertech.com.

Maxwell Technologies, Inc. www.maxwell.com

Electrovaya, Inc. www.electrovaya.com

Cautionary Note Regarding Forward-Looking Statements

This press release contains certain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, including, but not limited to, statements
regarding the following: the Company's beliefs about the performance of
Plug-In Hybrid Electric Vehicles; the Company's ability to attract
additional component suppliers to the Consortium; the Company's ability to
interest automobile manufacturers in the Consortium; the ability of the
Consortium to develop vehicles that achieve certain economy targets; the
ability of the Consortium to develop vehicles that meet certain emission
targets; the Company's beliefs about the manufacturability of the design;
the Company's beliefs about its ability to meet consumer price and
performance objectives; the Company's beliefs about the rate of adoption by
major OEMs; the Company's beliefs about the operating cost of PHEVs; the
Company's beliefs about the performance capabilities of its technology; the
Company's ability to commercially license the technology; the ability of
the Company to hire employees sufficient to accelerate engineering and
testing; and the Company's beliefs regarding its research and development
efforts. These forward-looking statements involve certain risks and
uncertainties that could cause actual results to differ, including, without
limitation, difficulties encountered; our inability to achieve commercial
acceptance of our technology, our inability to compete effectively in the
marketplace, our inability to improve or implement effective systems,
procedures and controls, the strength of our patent and pending patents and
other intellectual property and those of our competitors, our inability to
protect our intellectual property, our inability to attract, train and
retain key personnel, and such other risks as identified in our quarterly
report on Form 10-QSB for the quarter ended June 30, 2005, as filed with
the Securities and Exchange Commission, and all subsequent filings, which
contain and identify important factors that could cause the actual results
to differ materially from those contained in our projections or
forward-looking statements. All forward-looking statements in this press
release are based on information available to us as of the date hereof, and
we undertake no obligation to update forward-looking statements to reflect
events or circumstances occurring after the date of this press release.

Contacts


Raser Technologies, Inc.
William Dwyer, 801-765-1200
investorrelations@...
or
ISD, Inc.
Jody Janson, 585-232-5440
jody@...
www.istockdaily.com

-- -- -- -- -- -- -- -- -- -- -- --
Felix Kramer fkramer@...
Founder California Cars Initiative
http://www.calcars.org
http://groups.yahoo.com/group/calcars-news
http://groups.yahoo.com/group/priusplus
http://www.hybridcars.com/blogs/power
-- -- -- -- -- -- -- -- -- -- -- --