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

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

May 18, 2011 09:03 ET

Reg Technologies Inc. and REGI U.S., Inc. Release Second Prototype RadMax™ Assembly Fabrication Progress Report

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 18, 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 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.

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.

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.

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)
    Reg Technologies Inc.: www.regtech.com
    REGI U.S., Inc.: www.regiinc.com