Raser Technologies unveiled the prototype vehicle for its extended range electric vehicle yesterday morning at the SAE World Congress. Raser and development partners FEV took the iconic bad boy of the environmental movement, a Hummer H3 and merged it with a powertrain very much like what's in a Fisker Karma. This prototype electric H3 has a 2.0-liter turbocharged and direct injected EcoTec just like the Karma driving a 100 kW generator. The generator provides electricity to the batteries and the 200 kW drive motor.
Like the Karma and the Chevy Volt, the motor along with a lithium ion battery pack is the only source of propulsion to the wheels. The H3 has three lithium ion battery packs arrayed under the rear end of the vehicle. The batteries can move the Hummer for 40 miles before the range extender has to start up. Beyond that, it has a 400-mile range. Based on 60 miles of daily driving (40 miles of battery plus 20 miles of range extension) Raser estimates the H3 will get 100 mpg. Raser is talking to several automakers about applications for its ER-EV system and expects to have a deal soon. The company will build several of the trucks for Southern California Edison's test fleet in the next year and hopes to have a low volume series production program by 2011.
Raser Technologies Unveils 100+ MPG Plug-in Hybrid Hummer at the SAE World Congress in Detroit
Technology in New Electric Hummer Could Drive Bold Leap Ahead for U.S. Automakers, Making Popular Trucks & SUVs 'Greener Than a Prius'
DETROIT---Raser Technologies, Inc. (NYSE:RZ - News) today unveiled a 100+ mpg Hummer H3 powered by Raser's plug-in hybrid E-REV (Extended-Range Electric Vehicle) at the 2009 SAE International World Congress, Cobo Center, Detroit, MI.
Raser developed the 100+ mpg Electric H3 demonstration vehicle working closely with Hummer. Just one year ago at the 2008 SAE World Congress, Raser and its development partner FEV Inc., Auburn Hills, MI, a leading automotive integrator, introduced Raser's E-REV power train, similar in function to the Chevy Volt but designed for use in a variety of larger full-sized SUVs and light trucks. The vehicle was developed in association with the Plug-in Hybrid Development Consortium, co-founded by Raser along with leading electric utilities, lithium ion battery companies and other automotive technology companies.
Raser CEO Brent M. Cook said, "The technology in this electric-powered Hummer is a leap ahead for U.S. Automakers. It could make the nation's popular light trucks and SUVs greener than a Prius."
The vehicle has performed well in initial test drives and dynamometer testing conducted by FEV. Video from recent test drives of the 100+mpg H3 is available online: http://rasertech.com/hummer.
The plug-in electric Hummer H3 has a range of about 400 miles, driving its first 40 miles exclusively on batteries before turning on its combustion generator. Most vehicles drive fewer than 40 miles a day, most drivers would rarely use gas and average more than 100 mpg in gas fuel economy over time.
Raser's E-REV power train was designed for most full-sized 4WD SUVs and light trucks, which represent nearly half of the vehicles on U.S. roads today because of their versatility and wide application in fleets.
"We chose the Hummer H3 and H3T as demonstration vehicles because trucks and SUVs are the best-selling vehicles in America and can benefit the most from increased fuel economy and reduced emissions," said Cook.
The Electric Hummer H3 is propelled entirely on electricity by Raser's 200kW advanced AC induction motor connected to a 4WD transmission. A small high efficiency EcoTech engine uses Raser's 100KW electric generator to recharge the batteries while driving and provides additional electric power when needed.
"Our goal was to demonstrate that electric vehicle technology is a viable solution for a variety of vehicle platforms," said Gary Rogers, president and chief executive officer of FEV. "This full-sized SUV extended-range electric vehicle shows that fuel economy in larger vehicles does not mean sacrificing power and utility."
The Hummer H3 Extended Range Electric Vehicle is on display in FEV's booth #1425 at the Cobo Center, from April 20 through Friday, April 24.
About Raser Technologies
Raser (NYSE:RZ - News) is an environmental Energy Technology and development company operating in two business segments. Raser's Power Systems segment is seeking to develop clean, renewable geothermal electric power plants and bottom-cycling operations, incorporating licensed heat transfer technology and Raser's Symetron™ technology developed internally by its Transportation and Industrial segment. Raser's Transportation and Industrial segment focuses on extended-range plug-in-hybrid vehicle solutions and using Raser's award-winning Symetron™ technology to improve the torque density and efficiency of the electric motors and drive systems used in electric and hybrid-electric vehicle powertrains and industrial applications. Further information on Raser may be found at: www.rasertech.com.
About FEV, Inc.
The FEV Group is an internationally recognized powertrain and vehicle engineering company that supplies the global transportation industry. FEV offers a complete range of engineering services, providing support across the globe to customers in the design, analysis, prototyping, powertrain and transmission development, as well as vehicle integration, calibration and homologation for advanced internal combustion gasoline-, diesel-, and alternative-fueled powertrains. FEV also designs, develops and prototypes advanced vehicle / powertrain electronic control systems and hybrid-electric engine concepts that address future emission and fuel economy standards. The FEV Test Systems division is a global supplier of advanced test cell, instrumentation and test equipment. The FEV Group employs a staff of over 1,800 highly skilled specialists at advanced technical centers on three continents. FEV, Inc. employs approximately 300 personnel at FEV's North American Technical Center in Auburn Hills, MI.
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This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including, but not limited to, statements regarding: our beliefs about the performance and market applicability of our products; our beliefs about the status and enforceability of the Company's intellectual property; our beliefs about the strength of our existing and potential business relations in the motor industry; our beliefs about the strength and enforceability of our agreements, our beliefs about the performance capabilities of our technology; our beliefs about the capabilities, expertise and intentions of our partners; our ability to hire, train and retain key personnel; our ability to successfully complete field testing of Symetron™ technologies. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the competitive environment and our ability to compete in the industry; the strength of our intellectual property; our inability to attract, train and retain key personnel; and such other risks as identified in our annual report on Form 10-K for the year ended December 31, 2008, as filed with the Securities and Exchange Commission, and all subsequent filings. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we undertake no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.