February 3, 2011 REG TECHNOLOGIES INC. AND REGI U.S., INC. ANNOUNCE RADMAX™ FABRICATION PURCHASE ORDER HAS BEEN ISSUED TO PATH TECHNOLOGIES
For Immediate Release: February 3, 2011. Vancouver, BC - REGI U.S., Inc. (OTC BB: RGUS, Frankfurt Stock Exchange: RGJ) and Reg Technologies Inc. (TSX Venture Exchange: RRE.V, OTC BB: 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 RadMaxTM 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 RadMaxTM 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 RadMaxTM rotary design is now ready to be built with a high degree of confidence".
The benefits of the RadMaxTM 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