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Raser Hires Former GM Execs for Plug-in Hybrid Program

June 14, 2010

PROVO, UT - Raser Technologies Inc., an energy technology company, said it has hired four former General Motors executives to lead Raser's plug-in hybrid electric vehicle (PHEV) program for fleet trucks. 

The new team will initially focus on building demonstration plug-in extended-range electric trucks, including two to be delivered to Pacific Gas and Electric Co. (PG&E) as part of an agreement between Raser and PG&E. 

Leading the new team is David J. Stenson as chief of operations for Raser's transportation division. Stenson will report directly to Raser Chairman Kraig Higginson. 

Raser also hired former GM executives Nicholas Zielinski, Joseph R. Katona and William G. Shikany. All four new executives will be based in Detroit. 

"We are excited to make the announcement and welcome these very talented senior engineers and executives to the Raser team," said Higginson. "These men have an impressive background in the automotive industry and proven track records for getting things done." 

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