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

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

December 04, 2009 09:15 ET

REGI U.S., Inc./Reg Technologies Inc. Release Initial Belcan Engineering Status Report

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 3, 2009) - REGI U.S., Inc. (OTCBB:RGUS)(FRANKFURT:RGJ) and Reg Technologies Inc. (TSX VENTURE:RRE)(OTCBB:REGRF) are pleased to release the initial Belcan Engineering Services status report on the RadMax® Diesel Engine.

As of the date of this press release, two technical meetings have been held with Belcan. The following results were accomplished as follows:

  • Familiarization with the RadMax® Diesel Engine baseline design, including mechanical operation, friction contributors, and sealing approach.
  • Shared understanding of the vane actuation system.
  • Determination of vane loads in compressor and engine applications
  • Preliminary evaluation of thermodynamics and determination of potential hot spots
  • Evaluation of compression ratio, and recommendations for design modifications
  • Assessment of all bearings – main bearings which control all rotating components, linear bearings which control the vane actuators, and journal bearings which facilitate wheel operations on the fixed stators.

Belcan's technical assignment is to optimize the design of the diesel engine application which comprises the vanes, push rods, and a lift block that interface with a stator. The estimated completion of this assessment is first quarter of 2010. Bob Grisar, Vice President of Engineering for Regi U.S., Inc. states that he is "very pleased with the expertise that Belcan is providing to the Radmax diesel engine 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 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: 800-665-4616
    604-278-3409 (FAX)
    www.regtech.com