PROVO, UTAH and ANN ARBOR, MI — Raser Technologies, a technology licensing company that develops and licenses advanced electric motor, controller and related technologies, and Prestolite Electric, a global manufacturer of alternators and starters for heavy-duty vehicles, have signed a non-binding Letter of Intent to work together in the performance of future military contracts.

Under the terms of the agreement, Raser will design and develop Integrated Starter Alternators (ISA) and Prestolite will serve as the manufacturing source for those units.

The ISAs are being designed to provide acceleration support and mobile power generation integrated within a vehicle’s drive train using Raser’s Symetron advanced alternating current (AC) induction technology. The ISAs will be pancake shaped, in-line motors, which will be sized appropriately for existing and/or future military wheeled vehicles. Raser believes that the ISAs will demonstrate the ability to meet the military’s demanding output power and torque requirements and that the technology will scale as needed to suit the needs of a wide range of future combat vehicles.

Under the terms of this agreement, Prestolite will serve as the primary manufacturing source for Raser’s Symetron ISA technology for military applications. Prestolite will further develop and test the Symetron ISAs technology and will be positioned to accelerate production capabilities to meet future demand. In addition, under the agreement, Raser and Prestolite will collaborate in a commercial truck ISA development program. Prestolite intends to market commercial ISAs to the medium- and heavy-truck markets under license from Raser.

For more information about Raser Technologies, go to: www.rasertech.com.

To learn more about Prestolite, visit: www.prestolite.com.

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