REGI U.S., Inc.
OTC Bulletin Board : RGUS
FRANKFURT : RGJ

Reg Technologies Inc.
OTC Bulletin Board : REGRF
TSX VENTURE : RRE

December 18, 2009 16:26 ET

REGI U.S., Inc./Reg Technologies Inc. Announce Fabricator Selected to Build the RadMax Diesel Engine Prototype

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 18, 2009) - REGI U.S., Inc. ("REGI" or "RGUS") (OTCBB:RGUS)(FRANKFURT:RGJ) and Reg Technologies Inc. ("Reg" or "RRE.V" or "REGRF") (TSX VENTURE:RRE)(OTCBB:REGRF) are pleased to announce that Path Technologies Inc. of Painesville, Ohio, has been selected to fabricate the prototype RadMax® Diesel Engine. Path Technologies was the most competitive fully responsive bidder following a process of drawing and manufacturing processes evaluation. This process is a crucial initial step to get the most qualified supplier on board to produce unique RadMax® Diesel Engine parts.

Path Technologies recently produced RadMax® Pump parts for Reg Technologies Inc. That prior experience was one of the major considerations in the evaluation and selection process.

As the next step, Reg Technologies Inc. will issue a purchase order to Path Technologies. That event will follow completion of the engineering reviews and final approval by the Fortune 1000 company. Path Technologies will be responsible to produce RadMax® parts. Reg Technologies Inc. will integrate those parts, along with other commercial items (fuel injection, for example) to produce the prototype engine.

The timetable for the prototype engine remains the same as stated in the November 13, 2009 press release.

The specific work to be performed includes:

  • Fabricate RadMax unique items from drawings and 3D computer models.
  • Deliver metrology reports for each fabricated unique item.
  • Purchase commercial items for inclusion in the RadMax end-item.
  • Deliver copies of all purchase orders and part certifications.
  • Perform trial fitment of all components, and rework as needed.
  • Purchase test related items in accordance with supplied purchase requisitions.
  • Assemble test related items as needed (table, dc motor, motor controller, etc.).
  • Provide limited test support (non combustion) at their facility.

Robert Grisar, Vice President of Engineering, states, "I am confident that this version is very robust. The systems engineering reviews have removed considerable length (and weight) from the engine."

This press release replaces the July 7, 2009 press release, which stated that fabrication of the new diesel engine parts is now underway, and a comprehensive testing program will follow. The said fabrication was postponed due to a request from the Fortune 1000 Company, which requested more time to complete the analysis of the design.

ABOUT PATH TECHNOLOGIES

Path Technologies, Inc. (www.path-tech.com) is a high quality "value-add" supplier of Electrical Discharge Machining (EDM) and Computer Numerical Control (CNC) Machining Services that support critical manufacturing industries around the globe.

ABOUT REGI U.S., INC. AND REG TECHNOLOGIES INC.

Reg Technologies Inc. and REGI U.S., Inc. are developing for commercialization the RadMax® rotary technology. The lightweight, high efficiency, clean, green machine will achieve our goal of contributing to an overall reduction in greenhouse gas emissions and fuel consumption in applications including 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. REGI U.S., Inc. and its parent company, Reg Technologies Inc., have completed the final design for the RadMax® diesel engine application for use in areas including aviation, automotive, industrial and military. For more information, please visit www.regtech.com.

ON BEHALF OF THE BOARD OF DIRECTORS 

REGI U.S., Inc.
"John Robertson"
John Robertson
President
  Reg Technologies Inc.
"John Robertson"
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.

Contact Information

  • REGI U.S., Inc. and Reg Technologies Inc.
    John Robertson
    604-278-5996 or Toll Free: 1-800-665-4616
    604-278-3409 (FAX)
    www.regtech.com