REG TECHNOLOGIES INC.
REGI U.S., 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
NEWS RELEASE
REGI U.S., Inc. (“REGI” or “RGUS”)
Reg Technologies Inc. (“Reg” or “RRE.V” or “REGRF”)
DESIGN REVIEW INDICATES ACCEPTANCE OF THE RADMAX™
DIESEL ENGINE DESIGN
For Immediate Release: June 24, 2010. 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 the design review held
June 15-16, 2010, indicates the acceptance of the demonstration RadMax™ Diesel
Engine Design, subject to a few minor action items to be resolved in the next 30 days.
The objective of the review was to obtain approval to commence fabrication of the
demonstration diesel engine.
Robert Grisar, Vice President of Engineering for REGI U.S., Inc., states, “The review
went exceptionally well and the technical cooperation amongst all parties was
outstanding and very productive. The time frame to implement the action items is
estimated to be 30 days, followed a peer review, with the final step being fabrication of
the demonstration model.”
The design review covered thermodynamic engineering work, material selections,
sealing solutions, component geometry, mechanical integration, operating limitations
and a vital assembly review. Participants included representatives from Belcan
Engineering Services, the Fortune 1000 Company, and REGI U.S., Inc.
The Fortune 1000 Company will continue to assist REGI U.S., Inc. in the development of
the RadMax™ diesel engine design application under an extension of the original
evaluation agreement until December 31, 2010 at no cost to REGI U.S., Inc.
(See News Release dated April 9, 2009 – Extension of Evaluation Agreement)
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.
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 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.
The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.