Raser Technologies to Report 2010 Second Quarter Financial Results on August 10, 2010 and Advises of NYSE Deficiency Notice
05 Agosto 2010 - 4:50PM
Business Wire
Raser Technologies, Inc. (NYSE: RZ), an energy technology
company, announced today that management will report its 2010
second quarter financial results after the market closes on
Tuesday, August 10, 2010. Management will host a conference call to
discuss the results with the investment community on Wednesday,
August 11, 2010:
Time: 5:00 p.m. Eastern
Time (3:00 p.m. Mountain Time)
Date: Wednesday, August 11,
2010
Dial-in (investors):
1-877-407-4018 (domestic U.S.) or 1-201-689-8471
(internationally)
Live Webcast:
http://www.talkpoint.com/viewer/starthere.asp?Pres=132041
A replay will be available until August 18, 2010, which can be
accessed by dialing 1-877-870-5176 if calling within the United
States or 1-858-384-5517 if calling internationally. Please enter
pin # 355130 to access the replay.
Raser also advises that the New York Stock Exchange (NYSE)
notified Raser on July 30, 2010 that it was no longer in compliance
with the NYSE’s continued listing standards for total market
capitalization and stockholders’ equity, which were below the NYSE
required $50 million threshold.
The NYSE notified Raser that it has 18 months to achieve
compliance with these continued listing standards. Under applicable
NYSE rules, Raser has 45 days from the receipt of the notice to
submit a plan to the NYSE to demonstrate its ability to achieve
compliance with the continued listing standards within 18 months.
Raser intends to submit a plan to the NYSE and has been in active
discussions with the Exchange to correct this deficiency.
During this process Raser’s common stock will continue to be
listed on the NYSE, pending review by the NYSE of Raser’s plan,
subject to Raser’s compliance with other NYSE continued listing
requirements.
About Raser Technologies
Raser (NYSE: RZ) 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.
Cautionary Note Regarding Forward-Looking Statements
This press release contain 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 our ability to regain and
maintain compliance with NYSE continued listing standards. These
forward-looking statements involve certain risks and uncertainties
that could cause actual results to differ, including, without
limitation, the competitive environment and our ability to compete
in the industry; our ability to adapt our technology and
third-party technology for the intended applications; our ability
to secure necessary permits; the strength of our intellectual
property; our ability to attract, train and retain key personnel;
and such other risks as identified in our quarterly report on Form
10-Q for the quarter ended March 31, 2010, as filed with the
Securities and Exchange Commission, and all subsequent filings.
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.
Raser Technologies, Inc. (NYSE:RZ)
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