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

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

February 03, 2011 09:01 ET

Reg Technologies Inc. and REGI U.S., Inc. Announce RadMax™ Fabrication Purchase Order has Been Issued to Path Technologies

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 3, 2011) - 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 announce they have paid Path Technologies for the purchase order to commence fabrication to complete the cam and actuator for the RadMax™ demonstration diesel engine model. The original commencement date was announced in our August 12, 2010 news release, which stated that the schedule target date for completion of the prototype fabrication and for starting initial testing was to be completed before the 2010 year end. Due to a dispute with Reg Technologies Inc.'s Silverknife property (announced August 27, 2010), the proposed plan for financing was delayed until this matter was resolved, which resolution was announced on December 21, 2010.

The financing for Reg Technologies Inc. was announced shortly after the holidays on January 5, 2011. Subsequently, US$74,000 was advanced to Path Technologies to complete the rotor and actuator.

The time frame to fabricate the RadMax™ demonstration diesel engine model and to commence initial testing is estimated to take approximately 180 days.

Robert Grisar, Vice President of Engineering for REGI U.S., Inc., has provided 3D solid models and 2D PDF drawings of the cam and actuator, which are the first components to be fabricated.

Robert Grisar, states, "After several years of review by our engineering team, the new RadMax™ rotary design is now ready to be built with a high degree of confidence."

The benefits of the RadMax™ diesel engine design have been reported by Dr. Allen MacKnight (former Honeywell Corporate Fellow) as follows:

  • More fuel efficient due to its utilization of diesel fuel in comparison to gasoline.
     
  • Lighter weight compared to a piston engine with the same power.
     
  • A reduction of emission due to the lighter weight engine.
     
  • See Reg Technologies Inc. web site www.regtech.com and REGI U.S., Inc. web site www.regiinc.com for addition information and benefits.

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.

ON BEHALF OF THE BOARD OF DIRECTORS

REGI U.S., Inc

John Robertson, President   

Reg Technologies Inc. 

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