Raser Technologies Signs Business Cooperation Agreement with Hyundai Heavy Industries
January 9, 2008
HHI to Manufacture Symetron Enhanced Ultra-High Efficiency Motors, Generators and Drives
Raser Technologies, Inc. (NYSE Arca:RZ) announced today that it has signed a business cooperation agreement with Hyundai Heavy Industries Co., Ltd. (HHI) of South Korea, one of the world’s largest manufacturing companies and a leader in the engineering and manufacturing of AC electric motors, generators and power electronic motor drives. The combination of Raser’s Symetron™ technology and HHI’s design and manufacturing technologies is expected to produce cost-effective, ultra-high efficiency performance levels. Under the agreement, HHI will manufacture the AC induction motors, generators and drives incorporating Symetron™ technology. Read the rest of this entry »
