Terry,
This is what I think started the rally and is fueling it:
Raser's Symetron Technology to Power a Formula Race Car in a Demonstration on the Grand Prix Course in Monaco
PROVO, Utah--(BUSINESS WIRE)--March 23, 2005--Raser (OTCBB:RSTG) will demonstrate its advanced motor and controller technology in a Formula Lightning car driven on the Grand Prix race course in Monaco as part of the Electric Vehicle Symposium (EVS-21) held this year in Monaco April 2-6, 2005.
Monaco is the home of the world-famous "Grand Prix." Formula race cars are normally powered by large, high-performance combustion engines. In the Monaco demonstration, a small 150-pound Symetron(TM) electric motor alone will drive the Formula race car.
The Symetron(TM) motor powering this race car is about the same dimensions as the electric motor in the Toyota Prius hybrid vehicle which combines an electric motor with a combustion engine. Raser's motor technology, however, will drive a Formula race car entirely on its own, delivering 420 ft.-lbs. of torque, and is capable of 500 hp without the help of a combustion engine. Participating in the event will be dignitaries from the country of Monaco, the Electric Vehicle Symposium and international media.
Raser will release performance results at the Monaco show that may prove Symetron(TM) to be the most powerful electric motor and controller technology available for hybrid vehicles today.
Raser VP Marketing David West commented, "This breakthrough means we have an electric motor technology powerful enough to replace the combustion engine in just about any vehicle."
Brent M. Cook, CEO of Raser Technologies, said, "Delivering this high power from the reliable and affordable AC induction platform is a significant achievement. Some hybrid automakers are considering motors that require a more expensive manufacturing process and costly rare earth materials such as neodymium. Raser's high performance is achieved by innovative design, not by adding expensive materials."
"Application of this technology will help make hybrid vehicles more affordable by reducing manufacturing costs," added D.J. Priano, sr. vice president of Raser Technologies. "The attainment of this performance level from AC induction technology also sends a powerful signal to the automobile industry that high-performance motors can be affordable.
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