Message #10 From:
NewsBot Date: January 3, 2007 06:00:00 AM
RGUS News REGI U.S., Inc. Commences Proof-of-Concept for the RadMax(TM) Working Prototype Pump
VANCOUVER, British Columbia--(BUSINESS WIRE)--REGI U.S., Inc. (the “Company”
or “REGI””)
(OTCBB:RGUS) (FWB:RGJ) has successfully completed a statement of
work agreement with an engineering, prototyping, and manufacturing
services company to complete a working model RadMax™
pump.
The Phase I program is to design, demonstrate, and deliver a prototype
RadMax™ pump within 16 weeks. The goal for the
work program is to complete a pump suitable for supporting demonstration
to potential customers and to prove that the RadMax™
pump is a positive displacement device, capable of processing
approximately twice its internal volume every revolution, which means
that a production unit could be half the size and weight of any
competitive unit.
The Phase II program will be to design and demonstrate a working model
RadMax™ compressor to prove the same
efficiency as the RadMax™ pump, which will be
half the size and weight of any competitive centrifugal compressor.
John Robertson, President of REGI U.S., Inc., states, “The
pump and compressor market in the United States is an $18 billion market
annually.”
ABOUT REGI U.S., INC.
REGI U.S., Inc. owns the U.S. rights to the Rand Cam™
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™ 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™
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.
