BC FORM 51-102F3
Material Change Report
Item 1. Name and Address of Company
State the full name and address of your company and the address of its principal office in Canada.
REG TECHNOLOGIES INC.
#240 – 11780 Hammersmith Way
Richmond, BC V7A 5E9
Phone: (604) 278-5996
Item 2.
Date of Material Change
State the date of the material change.
December 18, 2009
Item 3.
News Release
State the date and method(s) of dissemination of the news release issued under section 7.1 of National
Instrument 51-102.
December 18, 2009
The press release relating to this material change was distributed and filed by
Marketwire, Marketnews Publishing, Inc. and Stockwatch on December 18, 2009.
Item 4.
Summary of Material Change
Provide a brief but accurate summary of the nature and substance of the material change.
The Company announced that Path Technologies Inc. of Painesville, Ohio, has
been selected to fabricate the prototype RadMax® Diesel Engine. Path
Technologies was the most competitive fully responsive bidder following a
process of drawing and manufacturing processes evaluation.
Item 5.
Full Description of Material Change
Supplement the summary required under Item 4 with the disclosure that should be sufficient disclosure to
enable a reader to appreciate the significance and impact of the material change without having to refer to
other material. Management is in the best position to determine what facts are significant and must disclose
those facts in a meaningful manner. See also Item 7.
Some examples of significant facts relating to the material change include: dates, parties, terms and
conditions, description of any assets, liabilities or capital affected, purpose, financial or dollar values,
reasons for the change, and a general comment on the probable impact on the issuer or its subsidiaries.
Specific financial forecasts would not normally be required.
Other additional disclosure may be appropriate depending on the particular situation.
For a full description of the material change, see Schedule “A”.
Item 6.
Reliance on subsection 7.1(2) of National Instrument 51-102
If this report is being filed on a confidential basis in reliance on subsection 7.1(2) of National Instrument
51-102, state the reasons for that reliance.
Not applicable.
Instruction:
Refer to subsections 7.1(5) and (7) of National Instrument 51-102 concerning continuing obligations in
respect of reports filed under subsection 7.1(2) of National Instrument 51-102.
Item 7.
Omitted Information
State whether any information has been omitted on the basis that it is confidential information.
In a separate letter to the applicable regulator or securities regulatory authority marked “Confidential”
provide the reasons for your company’s omission of confidential significant facts in the Report in sufficient
detail to permit the applicable regulatory or securities regulatory authority to determine whether to exercise
its discretion to allow the omission of these significant facts.
Not applicable.
Instruction:
In certain circumstances where a material change has occurred and a material change report has been or is
about to be filed but section 85 of the Act will no longer or will not be relied upon, a reporting issuer may
nevertheless believe one or more significant facts otherwise required to be disclosed in the material change
report should remain confidential and not be disclosed or not be disclosed in full detail in the material
change report.
Item 8.
Executive Officer
Give the name and business telephone number of an executive officer of your company who is
knowledgeable about the material change and the Report, or an officer through whom the executive officer
may be contacted.
John G. Robertson
President
(604) 278-5996
Item 9.
Date of Report
DATED at Richmond, British Columbia this 8th day of January , 2010.
REG TECHNOLOGIES INC.
Per:
“John Robertson”
(Authorized Signatory)
John Robertson, President
(Print name and title)
SCHEDULE “A”
REGI U.S., INC.
REG TECHNOLOGIES INC.
#240 – 11780 Hammersmith Way
Richmond, BC V7A 5E9
Phone: 604-278-5996 Fax: 604-278-3409
Toll Free: 800-665-4616
www.regtech.com
N E W S R E L E A S E
REGI U.S., Inc. (“REGI” or “RGUS”)
Reg Technologies Inc. (“Reg” or “RRE.V” or “REGRF”)
REGI U.S., INC. / REG TECHNOLOGIES INC. ANNOUNCE FABRICATOR
SELECTED TO BUILD THE RADMAX DIESEL ENGINE PROTOTYPE
For Immediate Release: December 18, 2009. 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 that Path Technologies
Inc. of Painesville, Ohio, has been selected to fabricate the prototype RadMax® Diesel
Engine. Path Technologies was the most competitive fully responsive bidder following a
process of drawing and manufacturing processes evaluation. This process is a crucial
initial step to get the most qualified supplier on board to produce unique RadMax®
Diesel Engine parts.
Path Technologies recently produced RadMax® Pump parts for Reg Technologies Inc.
That prior experience was one of the major considerations in the evaluation and
selection process.
As the next step, Reg Technologies Inc. will issue a purchase order to Path
Technologies. That event will follow completion of the engineering reviews and final
approval by the Fortune 1000 company. Path Technologies will be responsible to
produce RadMax® parts. Reg Technologies Inc. will integrate those parts, along with
other commercial items (fuel injection, for example) to produce the prototype engine.
The timetable for the prototype engine remains the same as stated in the November 13,
2009 press release.
The specific work to be performed includes:
• Fabricate RadMax unique items from drawings and 3D computer models.
• Deliver metrology reports for each fabricated unique item.
• Purchase commercial items for inclusion in the RadMax end-item.
• Deliver copies of all purchase orders and part certifications.
• Perform trial fitment of all components, and rework as needed.
• Purchase test related items in accordance with supplied purchase requisitions.
• Assemble test related items as needed (table, dc motor, motor controller, etc.).
• Provide limited test support (non combustion) at their facility.
Robert Grisar, Vice President of Engineering, states, "I am confident that this version is
very robust. The systems engineering reviews have removed considerable length (and
weight) from the engine.”
This press release replaces the July 7, 2009 press release, which stated that fabrication
of the new diesel engine parts is now underway, and a comprehensive testing program
will follow. The said fabrication was postponed due to a request from the Fortune 1000
Company, which requested more time to complete the analysis of the design.
ABOUT PATH TECHNOLOGIES
Path Technologies, Inc. (www.path-tech.com) is a high quality "value-add" supplier of
Electrical Discharge Machining (EDM) and Computer Numerical Control (CNC)
Machining Services that support critical manufacturing industries around the globe.
ABOUT REGI U.S., INC. AND REG TECHNOLOGIES INC.
Reg Technologies Inc. and REGI U.S., Inc. are developing for commercialization the
RadMax® rotary technology. The lightweight, high efficiency, clean, green machine will
achieve our goal of contributing to an overall reduction in greenhouse gas emissions
and fuel consumption in applications including 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.,
have completed the final design for the RadMax® diesel engine application for use in
areas including aviation, automotive, industrial and military. For more information,
please visitwww.regtech.com .
ON BEHALF OF THE BOARD OF DIRECTORS
REGI U.S., Inc.
Reg Technologies Inc.
“John Robertson”
“John Robertson”
John Robertson
John Robertson
President
President
Contacts: REGI U.S., Inc. and
Reg Technologies Inc.
John Robertson, 1-800-665-4616
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 atwww.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 atwww.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.