Reg Technologies Inc. and REGI U.S., Inc. Release Second Prototype RadMax(TM) Assembly Fabrication Progress Report
May 18 2011 - 9:00AM
Marketwired
REGI U.S., Inc. (OTCBB: RGUS)(FRANKFURT: RGJ) ("REGI" or "RGUS")
and Reg Technologies Inc. (TSX VENTURE: RRE)(OTCBB: REGRF) ("Reg"
or "RRE.V" or "REGRF") are pleased to provide the second
fabrication progress report for the prototype RadMax™ Diesel
Engine.
We estimate that approximately one-third of all fabrication work
is complete, resulting in us being ahead of schedule and under
budget.
As of the date of this release, the fabrication progress is as
follows:
-- The Rotors have completed their first-pass rough turning process within
.030-inch of final. As of this report, the following Rotor fabrication
operations have been completed: Outer surface, Neck, Driveshaft Slot,
and Combustion Chamber.
-- The Cams have completed their initial rough turning passes. The reason
for the two-pass turning process is because the metal "moves" (stretches
or deforms) after the machining process. To maintain our high-tolerance
requirements, the two-passes are required.
-- Fabrication of the 24 Vane-Actuator assemblies is complete. This
includes completion of the Vanes, Connecting Tubes, Axles, Wheels, Wrist
Pins, and integration with commercial wheel bearings.
Steps in detail of our work leading to RadMax™ test and
certification were presented in our March 8, 2011 news release.
A picture of the rotor fabrication progress and new machining
center is available on the Companies' websites at www.regtech.com
(Reg Technologies Inc.) and www.regiinc.com (REGI U.S., Inc.). The
following are direct links:
Reg: http://www.regtech.com/images/rotor.jpg
http://www.regtech.com/images/newmachineatpath.jpg
REGI: http://www.regiinc.com/images/rotor.jpg
http://www.regiinc.com/images/newmachineatpath.jpg
Robert Grisar, Vice President of Engineering for REGI U.S., Inc.
said, "The recent award of the RadMax™ patent by the USPTO has
energized all of our fabrication subcontractors. The unique parts
are evolving quickly. The close coordination and frequent reviews
ensure all critical dimensions and tolerances are achieved, on
schedule and within planned cost."
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™/RadMax™ rotary technology used in the
revolutionary design of lightweight and high efficiency engines,
compressors and pumps. The RadMax™ 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™ engine also has multi-fuel
capabilities allowing it to operate on fuels including gasoline,
natural gas, hydrogen, propane and diesel. For more information,
please visit www.regtech.com or www.regiinc.com.
ON BEHALF OF THE BOARD OF DIRECTORS
REGI U.S., Inc. Reg Technologies Inc.
John Robertson, President 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.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: REGI U.S., Inc. and Reg Technologies Inc. John
Robertson President 604-278-5996 or Toll Free: 1-800-665-4616
604-278-3409 (FAX) Reg Technologies Inc.: www.regtech.com REGI
U.S., Inc.: www.regiinc.com
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