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The Archipelago Exchange(SM) (ArcaEx(R)) Announces Exclusive Listing Of Raser Technologies, Inc.

Date 03/11/2005

The Archipelago Exchange(SM) (ArcaEx(R)), the nation's first totally open, all-electronic stock exchange, today announced that Raser Technologies, Inc., ("Raser"), a technology licensing company that develops and licenses advanced electric motor, electric motor drive and related technologies, has listed exclusively on ArcaEx under the two character ticker symbol: RZ.

"Like ArcaEx, Raser is an innovator in their industry," said Sam Long, Managing Director of ArcaEx's Corporate Client Group. "We look forward to serving as a fair and transparent marketplace for the company and its shareholders."

In addition to providing the advantages of electronic trading, ArcaEx enables ArcaEx- , NYSE- , Amex- and Nasdaq-listed companies and their investors to reap the benefits of ArcaEx's investor focused market structure. ArcaEx operates as an all-electronic auction market, with an open limit order book matching buyers and sellers directly based on simple price and time priority, leveling the playing field for all market participants.

Currently over 230 companies are listed on ArcaEx. In addition to its own listings, the exchange trades all NYSE, Nasdaq, and Amex listed stocks.