Message #7 From:
NewsBot Date: November 15, 2006 06:00:00 AM
RGUS News REGI U.S., Inc. Opens U.S. Office in Washington State
VANCOUVER, British Columbia--(BUSINESS WIRE)--REGI U.S., Inc. (OTCBB:RGUS) (Frankfurt Stock Exchange:RGJ) is
pleased to announce that the Company has opened a new U.S. office in
Spokane, WA with a lease from SIRTI, a Washington State funded economic
development agency (www.sirti.org).
SIRTI will provide limited commercialization, technology and financial
advisory services to the Company at no additional charge to REGI U.S.,
Inc.
Lynn Petersen, our Vice President of Marketing for REGI U.S., Inc.,
states, “SIRTI assists the creation of new
companies from innovations at regional research universities and
institutions, as well as the private sector, and helps accelerate
existing technology companies to grow and develop.”
The new address is in the University District, 665 North Riverpoint
Boulevard, Spokane, Washington, 99202-1665.
REGI U.S., Inc. owns the U.S. rights to the Rand Cam™/RadMax™
rotary technology that is used in an engine that is a light weight
rotary engine with only two moving parts: the vanes (up to 12) and the
rotor, compared to the 40 moving parts in a simple four-cylinder piston
engine. This revolutionary design makes it possible to produce a total
of 24 continuous power impulses per one rotation that is vibration-free
and extremely quiet. The Rand Cam™/RadMax™
engine also has multi-fuel capabilities and is able to operate using
fuels including gasoline, natural gas, hydrogen, propane and diesel. Reg
Technologies Inc., the parent company of REGI U.S., Inc., together with
it, is in the process of testing a Rand Cam™/RadMax™
diesel engine for a generator application for hybrid electric cars and
for unmanned aerial applications for the U.S. military. For more
information, please visit www.regtech.com.
ON BEHALF OF THE BOARD OF DIRECTORS
“John Robertson”
John Robertson
President
Forward-Looking Statements
The TSX Venture Exchange has neither approved nor disapproved of the
information contained herein. Statements in this press release regarding
Reg Technologies/REGI's business which are not historical facts are
"forward-looking statements" that involve risks and uncertainties,
including the impact of competitive products and pricing, the need to
raise additional capital, uncertain markets for the Company's products
and services, the Company's dependence on third parties and
licensing/service supply agreements, and the ability of competitors to
license the same technologies as the Company or develop or license other
functionally equivalent technologies.
