Reg Technologies Inc. : RADMAX ENGINE REPORT AS OF JUNE 30, 2012
07/11/2012| 10:41pm US/Eastern
July 11, 2012
RADMAX ENGINE REPORT AS OF JUNE 30, 2012
The current focus of the engineering efforts are to assist
Williams and White Machine Inc., of Burnaby, BC, as they
manufacture and assemble the current prototype design.
The existing prototype design is being modified to run on
diesel, and both compressed and liquid natural gas. The
diesel will be tested initially, followed by natural gas.
These modifications will not delay the testing of the
Schedule for the manufacturing and assembly of the
prototype: Currently the majority of all components needed,
are completed, the remainder are in process and nearing
Work on an assembly procedure for the diesel prototype
engine is under final review.
John Robertson, President of Reg and REGI, states, "The
decision to test and run on natural gas, as well as diesel,
has been made due to the fact that Canada and the U.S. have
an abundance of natural gas, which is environmentally
friendly and less expensive than gasoline products now
available in today's automobiles and trucks."
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.
Reg Technologies Inc.
Contacts: REGI U.S., Inc. and
Reg Technologies Inc.
John Robertson, 1-800-665-4616
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.
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