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.
Raser Technologies, Inc. Investor Relations Email Contact or Company Management William Dwyer, CFO, 801-765-1200