BNET Industries
Market Cap:$95.8M
Last Fiscal Year Sales:$172.3K
- Public
- US
Dow Jones Description
We are an environmental energy technology company focused on geothermal power development and technology licensing. We operate two business segments: Power Systems and Transportation & Industrial. Our Power Systems segment develops clean, renewable geothermal electric power plants and bottom-cycling operations. Our Transportation & Industrial segment focuses on using our Symetron family of technologies to improve the efficiency of electric motors, generators and power electronic drives used in electric and hybrid electric vehicle propulsion systems. Through these two business segments, we are employing a strategy to produce a positive impact on the environment and economically beneficial results for our stockholders. By executing our strategy, we aim to become both a producer of clean, geothermal electric power as well as a provider of electric and hybrid-electric vehicle technologies and products. We are incorporated in Delaware. We are the successor to Raser Technologies, Inc., a Utah corporation, which was formerly known as Wasatch Web Advisors, Inc. Wasatch Web Advisors acquired 100% of our predecessor corporation in a reverse acquisition transaction in October of 2003. Prior to that transaction, our predecessor corporation was a privately-held company. ...
Number of Employees 57
Peer Companies
NAICS Code Motor and Generator Manufacturing: 335312
Recent Events
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Electric SUVs: A smaller footprint for big vehicles
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Raser Technologies Q3 Loss Narrows - Quick Facts
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Raser Technologies Releases Video Update on Geothermal Power Plant
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Raser Technologies Announces Second Quarter Financial Results
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Raser Technologies appoints Jim Spellman as head of Plug-in Hybrid Team
News & Analysis
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raser technologies inc. - All News and Analysis
Raser Technologies: Financing, Dilution Continue to Be an Issue for Now
VFC submits: An email from David regarding Raser Technologies RZ: ..I wonder if you can find the time to respond to my request for your take on a stock which may be out of your area of expertise - Raser Technologies. Obviously the bulk of your research goes...
Raser Reports Steady Progress for Geothermal Projects
Zacks.com submits: Raser Technologies Inc. RZ provided an update on its geothermal activities and its PHEV project. The company is gradually transitioning from a developmental stage company towards a geothermal power producer. Raser is progressing rapidly on the Lightning Dock No. 1 geothermal project. Recently it...
Raser Technologies' Short Term Prospects Weaken on Failed Attempts at Funding
Tom Konrad AltEnergyStocks submits: Raser Technologies (NYSE:RZ) did not get the hoped-for DOE loan guarantee. The company still has good long term prospects, but the short term upside chances are much weaker, prompting me to sell in the hope of buying back in after a general market sell-off....
Raser Technologies, Inc Q4 2008 Earnings Call Transcript
Question-and-Answer SessionRichard Putnam Great. We’ve got the ability to be able to take questions either through the Q&A box on this webcast or for those that want to have an opportunity to talk over the phone, you just need to – there is a little icon that says raise...
Raser Technologies: The Ugly Duckling of Alternative Energy
H.J. Huney submits: It’s difficult to imagine a more unloved stock than Raser Technologies RZ. Motley Fool’s CAPS gives it a one-star rating, it has one of the highest short interests out there, it is suggested on a regular basis that the company has phony technologies, management is vilified like a...
Raser Technologies Praises Congress' Energy Legislation
Two Year Extension of Tax Incentives for Geothermal Development PROVO, Utah -- Raser Technologies, Inc. (NYSE Arca: RZ) praised today's passage of the $700 billion financial markets rescue bill that also extends tax incentives for geothermal development. The legislative package extends the production tax credits for new renewable energy...
Raser Management Addresses Acquisition of Merrill Lynch by Bank of America
Company Reaffirms Thermo Construction Schedule and Funding PROVO, Utah -- Raser Technologies, Inc. (NYSE Arca: RZ) today commented on the announced acquisition of Merrill Lynch by Bank of America, praising the combination of the financial giants. Raser also reaffirmed that the construction and expected completion of its Thermo geothermal...
Five Reasons to Buy Raser Technologies
Abraham Gaines submits: There are five reasons why I think Raser RZ is a buy right now. A 2 million-share "spot secondary" was placed on Friday at $8.95 - a healthy discount to the prior day's closing price of $10. The market did not like...
A 100 mpg truck?
Price increases at the pump have pushed sales of large vehicles into decline, but some industries such as construction and utilities need payload and towing capabilities that big vehicles offer. Responding to these needs, Provo-based Raser Technologies Inc. is working to develop technology to extend the gas mileage...
Raser Technologies Announces Geothermal Development Commitment Letter
Merrill Lynch to Finance Development and Provide Tax Equity Capital for Raser's 10 MW Utah Geothermal Power Plant PROVO, Utah -- Raser Technologies, Inc. (NYSE Arca: RZ) announced today that it has signed a commitment letter with Merrill Lynch for the project financing and tax equity funding for its...
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