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 worlds largest manufacturing companies and a leader in the engineering and manufacturing of AC electric motors, generators and power electronic motor drives. The combination of Rasers Symetron technology and HHIs 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 »