Amp Resources is Released from Legal Claims by Raser Technologies; Raser Technologies Signs...

SALT LAKE CITY -- Amp Resources, LLC ("Amp") today announced a full and complete settlement and mutual release of all legal claims between Amp and Raser Technologies (NYSE Arca: RZ, "Raser"). An affiliate of Amp Resources, Recurrent Engineering, LLC ("Recurrent"),

"We are pleased to have Raser's legal claims behind us so that we can now give our complete attention to the continued growth and development of Amp's renewable and waste heat energy businesses," said Lyle Ball, vice president of Amp Resources. "In the end, Amp obtained another potential royalty stream, retained its valuable assets and technologies, and remains in a solid position to continue advancing its power plant development and technology licensing businesses. Amp believes that this commercial arrangement with Raser demonstrates the value of our licensable technologies."

On Jan. 19, 2006, Amp and Raser entered into an Agreement and Plan of Acquisition.

On June 16, 2006, Amp terminated this Agreement and Plan of Acquisition according to its terms when Raser failed to perform under the terms of the Agreement.

On Aug. 29, 2006, Raser filed suit against Amp Resources and related parties claiming breach of the Agreement and related causes of action.

On Aug. 29, 2006, Amp denied the legal claims brought against Amp by Raser.

On Sept. 2, 2006, Raser agreed to dismiss the legal claims with prejudice, meaning that the claims cannot be re-asserted in any jurisdiction.

On Sept. 2, 2006, Amp and Raser granted mutual general releases to each other and to other involved parties.

On Sept. 2, 2006, an affiliate of Raser entered into a license agreement with Recurrent as consideration for the mutual release between Amp and Raser. Although the specific terms of the license agreement are confidential, the affiliate of Raser committed to pay royalties to Recurrent for use of the licensable technologies, and also agreed to pay for specialized engineering services.

About Amp Resources

Amp Resources develops geothermal and waste heat energy projects, licenses proprietary cost-competitive thermal power cycle technology, and delivers highly specialized engineering design services and turnkey energy solutions to the global marketplace. The company focuses on the generation of zero-emissions electricity by developing internal and third-party renewable energy projects that employ industry-leading thermal energy technologies, including Kalina(R) -- a patented breakthrough thermal power cycle technology. Amp is a privately held company founded in 2002 as a Delaware Limited Liability Company with headquarters in Salt Lake City; an engineering center in Foster City, Calif; and an operation center in Reno, Nev. Further information on Amp Resources may be found at: www.ampresources.com.