Raser, partners extend funding agreement

In Utah, Raser Technologies, Inc. signed an additional extension agreement until November 2, 2009, with its financing partners for the Thermo No. 1 plant. The extension will allow the parties time to finalize amendments to the Thermo Financing Agreements. The previous deadline was October 16 and the amendment is intended to be consistent with recent tax law changes. Raser also said it expects to reach full capacity of 10 MW at Thermo 1 by the end of 2009.