Raser Technologies Adds Former GM Exec To Board

PROVO, Utah—(BUSINESS WIRE)—Jan. 4, 2006— Raser Technologies, Inc. (PCX: RZ) ("Raser"), a technology licensing company that develops and licenses advanced electric motor, electronic motor drive and related technologies today announced the addition of Alan Perriton to its Board of Directors.

Perriton is the recently retired Executive in charge of Strategic Alliances and New Business Development for General Motors Asia Pacific. Perriton spent over 34 years with General Motors in various management roles including executive management assignments in the United States and Asia. He held several key procurement management positions, including, International Purchasing for General Motors Material Management Staff, Director of International Purchasing, Asia, and in 1992 was named Executive Director of World Wide Purchasing with an annual budget approaching $30 billion.

Perriton was named Advisor Materials Management for GM's Toyota joint venture, New United Motor Manufacturing Inc. (NUMMI). He subsequently became part of the initial team to create the newly formed Saturn division of General Motors in 1985, and held responsibility as President of General Motors Korea from 1996 through 2001. In his final role, he was responsible for creating the very effective foreign automotive manufacturing operations of GM Daewoo in Korea which has quickly become the growth engine of GM's Asia-Pacific Operations, including China. Perriton brings to Raser extensive experience in the automotive industry, including drive train engineering, operations and general management.

Perriton served on the Advisory Boards of Northwestern University's Kellogg Business School and Stanford University's Graduate School of Business. He currently serves on the Brigham Young University Marriott School of Management National Advisory Council and is a member of the U.S. / Korea business Advisory Council.

Perriton's appointment to the Raser Board of Directors became effective on December 31, 2005. He will stand for election at the next Annual Meeting of Shareholders in May of 2006. With the appointment of Perriton, the Raser board has seven members, including five independent directors.

"Alan brings a wealth of management and automotive industry expertise that will be of great value to Raser, particularly in the Transportation segment of our business," stated Kraig T. Higginson, Executive Chairman of Raser. "While with General Motors, he established a tremendous track record and gained the respect of industry leaders by creating and building several successful enterprises around the globe. His international and purchasing experience will significantly strengthen the capabilities of our Board."

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, electronic motor drives and controllers, alternator and generator technologies. Application of Symetron(TM) generally requires minor changes to existing manufacturing processes for motors and their controllers, but yields significant increases in power, performance and efficiency to the rotating electro-magnetic application without the use of exotic materials. Further information on Raser may be found at www.rasertech.com.



Contact:
Raser Technologies, Inc.
Investor Relations

Email Contact
or
Company Management
William Dwyer, CFO, 801-765-1200



Review Article Be the first to review this article
Featured Video
Editorial
Jeff RoweJeff's MCAD Blogging
by Jeff Rowe
GE Additive’s Big Plans For Metal AM
Jobs
ECAD Designer - Data Connectivity for Delphi at Auburn Hills, MI
Mechanical Engineer II - Requisition ID 090445 for L3 Technologies at New York, NY
Estimator / Bidder for Rulon International at Saint Augustine, FL
Upcoming Events
33rd Annual Coordinate Metrology Society Conference at Snowbird UT - Jul 17 - 21, 2017
EMO Hannover 2017 at Hannover Germany - Sep 18 - 23, 2017
The 30th Annual Integrated Process Excellence Symposium & Training at Wyndham Grand Bonnet Creek Resort Orlando FL - Sep 18 - 20, 2017
Additive Manufacturing Conference 2017 at Knoxville Convention Center 701 Henley Street Knoxville TN - Oct 10 - 12, 2017



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy Advertise