This is the second award which the firm has received this year, the other coming in the area of advancement in electrical motor drives. The company is working on a wells to wheel concept which will allow for more efficient transmission of power from sources such as geothermal to end uses such as hybrid vehicles or power grids.
Raser's Transportation and Industrial Technology segment focuses on using Raser's Symetron™ technology to improve the efficiency and power density of electric motors and other applications.
Sanjeev R. Sridharan, an Analyst from Frost & Sullivan said, “Raser received this award because of its contributions in the development of eco-friendly, fuel efficient systems that offer automakers a more cost competitive alternative in hybrid and plug-in hybrid vehicles.”
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