Raser Technologies explores strategic alternatives
Raser Technology, Thermo No1 plant, Utah (source: Raser)
Alexander Richter
3 Mar 2011
Raser Technologies current financial position forces the company to explore strategic alternatives, including the possibility of a sale or merger of the company to restructure its business.
In an announcement to the stock exchange, “Raser Technologies, Inc. (OTC Bulletin Board: RZTI), said “that, in view of its current cash resources, nondiscretionary expenses, debt and near term debt service obligations, it intends to explore all strategic alternatives to maintain its business as a going concern, including, but not limited to, a sale or merger of the Company, or one or more other transactions that may include a comprehensive financial reorganization of the Company.”
Source: Company release via PR Newswire
