Calyon Securities to Assist Raser Regarding Development of Relationships for Geothermal Business
Raser Technologies, Inc. announced today that it has retained Calyon Securities Inc., a subsidiary of Calyon and a global full service institutional broker-dealer, to explore potential strategic relationships offering additional options for implementing and accelerating its development goals.
With the completion of its first modular geothermal power plant and the expected development of seven other projects initiated by the Company, Raser has had discussions with several potential strategic partners that are interested in exploring opportunities with the Company. CSI will assist the Company in evaluating potential opportunities related to Raser’s geothermal assets that are consistent with the Company’s strategic objectives. The Company is continuing to expand its development program and replicate its modular power generation process in an effort to meet the growing demand for renewable energy in the United States and abroad.
Martin Petersen, Raser’s Chief Financial Officer, said, “We are pleased to work with CSI and benefit from its experience in sustainable energy development investment banking. It is important to note that this relationship does not displace our existing funding commitments, or preclude our ability to seek funding for our projects under our existing financing commitments going forward. As part of our negotiations for additional power purchase agreements, we are also continuing to explore the use of pre-paid power purchase agreements, which would provide an additional financing option to offset power plant construction expenses.”
Raser Technologies, Inc.
Richard Putnam, Investor Relations
801-765-1200
investorrelations@rasertech.com
or
Hayden Communications, Inc
Cameron Donahue, 651-653-1854
cameron@haydenir.com
or
Stern & Company
Dick Stern, 212-888-0044
richstern@sternco.com
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Tags: Geothermal
