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

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

May 06, 2009 09:15 ET

REGI U.S., Inc. / Reg Technologies Inc. Receive Green Light to Commence Building of the Test Rig, for the Diesel Engine Application, for the Fortune 1000 Company

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 6, 2009) - REGI U.S., Inc. (OTCBB:RGUS)(FRANKFURT:RGJ) and Reg Technologies Inc. (TSX VENTURE:RRE)(OTCBB:REGRF) are pleased to announce the release of drawings to start fabrication of a RadMax® Engine test rig.

Robert Grisar, Vice President of Engineering for the RadMax® / Rand Cam™ technology, states, "The test rig is designed to test multiple versions of the RadMax vane actuation systems. A cam device, driven by a variable speed motor, will propel the vane through its full range of axial motion prior to the implementation of a full scale RadMax prototype."

The purpose of the test rig is to verify the vane actuation system design and make any modifications indicated by the tests prior to the implementation of a full scale prototype.

Flexibility in design will allow testing of an alternate vane actuation system, currently under development with our Fortune 1000 partner.

When testing commences, the test rig shall provide the capability to validate vane motion, measure position tracking, induced vibration, required forces, and other parameters.

Potential future capabilities under consideration include adding high speed video to "capture" instantaneous changes in motion, balance and vibration, harmonics, and thermal cycling to measure changes as a result of temperature extremes.

The test rig design is estimated to be completed in 4 to 6 weeks, and then commence the fabrication of the diesel engine application for the Fortune 1000 company.

Paul Porter, Chief Engineer and main designer for the test rig for REGI U.S., Inc. states, "The testing of these important aspects of the Fortune company's diesel engine application will determine the final design and fabrication will be the next important milestone."

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. REGI U.S., Inc. and its parent company, Reg Technologies Inc., are currently designing and testing prototype RadMax® diesel engines, compressors and pumps intended for aviation, automotive, industrial processes and military applications. 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 cases 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 their 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