Regi U.S., Inc./Reg Technologies Inc. Release RadMax(TM) Progress Update
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VANCOUVER, BRITISH COLUMBIA, Apr 06 (MARKET WIRE) --
REGI U.S., Inc. (OTCBB: RGUS)(FRANKFURT: RGJ) and Reg Technologies Inc.
(TSX VENTURE: RRE)(OTCBB: REGRF) are pleased to release the RadMax(TM)
Diesel Engine Design progress update.
Phase 1: Conceptual Design, and Phase 2: Preliminary Design are now
complete. We are now executing Phase 3: Detail Design.
As previously described in our November 13, 2009 Press Release, we are
nearing the completion of a significant milestone of the Belcan
Engineering review of the prototype engine design, which was estimated at
6 months.
The actions completed are as follows:
-- Retain Belcan as an independent engineering analysis organization to
provide independent validation of all RadMax(TM) design elements:
functions, tolerances, and material selections
-- Verify environmental conditions (temperatures, pressures, centrifugal
forces, etc.)
Actions that are continuing include:
-- Identify components that require detail stress analysis
-- Perform complete integration of all components and evaluate their
performance and strength under non-operating and operating conditions.
We have conducted a technical engineering interchange meeting with
Belcan for the thermodynamics analysis portion. A final report has been
jointly prepared and submitted to the Fortune 1000 company for review. A
mutli-company thermodynamics review is planned for mid April.
The thermodynamics report includes recommendations for RadMax(TM) Engine
materials, thicknesses, tolerances, and coatings. One specific
recommendation is to fabricate the cam using lighter weight materials to
take advantage of its improved thermal conductivity.
Near-term program milestones include:
-- Completion of Belcan Engineering review of mechanical components,
bearings, and lubrication - approx. 3 additional months
-- Review and Approval by the Fortune 1000 Company - approx. 30 days
-- Fabrication of the prototype engine - approx. 3 months
-- Initial prototype testing - approx. 3 months
Robert Grisar, Vice President of Engineering, reports, "The Belcan
review of the RadMax(R) design is progressing on schedule as planned. We
are extremely pleased with the expertise that Belcan is contributing to
the robustness of the RadMax(TM) design.
ABOUT BELCAN ENGINEERING SERVICES
Belcan Engineering Services is a global provider of highly technical
engineering services to a wide variety of industries including aerospace
and defense, energy and utilities, manufacturing, and transportation.
They specialize in design engineering, engineering analysis, computer
modeling, and advanced manufacturing techniques and have been providing
these services for over 50 years.
ABOUT REGI U.S., INC. AND REG TECHNOLOGIES INC.
Reg Technologies Inc. and REGI U.S., Inc. are developing for
commercialization an improved axial vane type rotary engine known as the
Rand Cam(TM)/RadMax(TM) rotary technology used in the revolutionary
design of lightweight and high efficiency engines, compressors and pumps.
The RadMax(TM) engine has only two unique moving parts, the vanes (up to
12) and the rotor, compared to the 40 moving parts in a simple
four-cylinder piston engine. This innovative design makes it possible to
produce up to 24 continuous power impulses per one rotation that is
vibration-free and extremely quiet. The RadMax(TM) engine also has
multi-fuel capabilities allowing it to operate on fuels including
gasoline, natural gas, hydrogen, propane and diesel. REGI U.S., Inc. and
its parent company, Reg Technologies Inc., are currently designing and
testing prototype RadMax(TM) diesel engines, compressors and pumps
intended for aviation, automotive, industrial processes and military
applications. For more information, please visit www.regtech.com.
ON BEHALF OF THE BOARD OF DIRECTORS
REGI U.S., Inc.
John Robertson, President
Reg Technologies Inc.
John Robertson, President
READER ADVISORY
Statements in this press release regarding the business of Reg
Technologies Inc. and REGI U.S, Inc. (together the "Companies'") which
are not historical facts are "forward-looking statements" that involve
risks and uncertainties, including management's assessment of future
plans and operations, and capital expenditures and the timing thereof,
certain of which are beyond the Companies' control. There can be no
assurance that such statements will prove accurate, and actual results
and developments are likely to differ, in some case materially, from
those expressed or implied by the forward-looking statements contained in
this press release. Readers of this press release are cautioned not to
place undue reliance on any such forward-looking statements.
Forward-looking statements contained in this press release are based on a
number of assumptions that may prove to be incorrect, including, but not
limited to: the impact of competitive products and pricing, the
Companies' dependence on third parties and licensing/service supply
agreements, and the ability of competitors to license the same
technologies as the Companies or develop or license other functionally
equivalent technologies; financing requirements; changes in laws, rules
and regulations applicable to the Companies and changes in how they are
interpreted and enforced, delays resulting from or inability to obtain
required regulatory approvals and ability to access sufficient capital
from internal and external sources, the impact of general economic
conditions in Canada, and the United States, industry conditions,
increased competition, the lack of availability of qualified personnel or
management, fluctuations in foreign exchange, stock market volatility and
market valuations of companies with respect to announced transactions.
The Companies' actual results, performance or achievements could differ
materially from those expressed in, or implied by, these forward-looking
statements, including those described in Reg Technologies' financial
statements, management discussion and analysis and material change
reports filed with the Canadian Securities Administrators and available
at www.sedar.com, and its Form 20-F filed with the United States
Securities and Exchange Commission at www.sec.gov, and REGI's Form 10-KSB
annual report filed with the United States Securities and Exchange
Commission at www.sec.gov. Accordingly, no assurances can be given that
any of the events anticipated by the forward-looking statements will
transpire or occur, or if any of them do so, what benefits, including the
amount of proceeds, that the Companies will derive therefrom.
Readers are cautioned that the foregoing list of factors is not
exhaustive. All subsequent forward-looking statements, whether written or
oral, attributable to the Companies or persons acting on its behalf are
expressly qualified in their entirety by these cautionary statements.
Furthermore, the forward-looking statements contained in this news
release are made as at the date of this news release and the Companies do
not undertake any obligation to update publicly or to revise any of the
included forward-looking statements, whether as a result of new
information, future events or otherwise, except as may be required by
applicable securities laws.
The TSX Venture Exchange has neither approved nor disapproved of the
information contained herein.
Contacts:
REGI U.S., Inc.
John Robertson
1-800-665-4616
Reg Technologies Inc.
John Robertson
1-800-665-4616
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