Raser Technologies Names Patrick Schwartz As President

Former Hunstman chemical company executive had been responsible for global Styrenics business

Raser Technologies, Inc., an energy technology company that develops and licenses advanced electric motor, controller and related technologies, today announced that Patrick Schwartz has been named President.

Schwartz was an executive with Huntsman Corp. for more than 20 years where he was responsible for Hunstman's global Styrenics business, with annual revenues in excess of $1 billion, a core product upon which Huntsman built one of the largest privately held chemical companies in the world.

He was previously the Acting Managing Director of the Southeast Asian joint-venture for Huntsman where he led the strategic effort to dramatically improve cash flow. Prior to the Asian assignment,  Schwartz was Managing Director in charge of Huntsman's European operations. While in Europe, Schwartz led the turnaround and expansion of several existing business divisions, launched two joint ventures and acquired a major new business leading to a nearly tenfold increase in revenue over six years.