Reg Technologies, Inc. / REGI U.S., Inc. Announce Successful Diesel Engine Tests Completed
04 March 2015 - 10:45AM
Access Wire
VANCOUVER, BC / ACCESSWIRE / March 3, 2015
/ REGI U.S., Inc. (OTC Pink: RGUS) (PINKSHEETS: RGUS)
(Frankfurt Stock Exchange: RGJ) and Reg Technologies, Inc. (TSX
Venture Exchange: RRE.V) (OTC Pink: REGRF) (PINKSHEETS: REGRF) are
pleased to report that based on recent successful testing of the
new oil cooler design by Paul Porter, the Company's Chief Engineer,
that it has issued a purchase order to EBCO Industries for 22
additional oil coolers. This will allow up to 375 hp rotary diesel
prototype to be populated in all 24 slots.
Paul Porter Reports:
The new oil cooler design was tested in order to verify the new
design. The first test results indicated that the vane seals were
not being torn during installation and the leakage rate appears to
be minimal.
The new installation tool works perfectly and allows for the
insertion and removal of the vanes as many times as are needed with
no detrimental effects on the vane seal.
The seals on the oil cooler performed as desired with no damage
observed during the installation and removal of the oil cooler.
The seals appear to be working properly and create a sealed
combustion chamber as needed for the engine.
Additional tests to commence on diesel engine working
model:
- Additional static and dynamic testing will be performed in the
test fixture to determine the best configuration of all seals. This
will also give indication of the expected life of the seals.
- Additional oil coolers are being manufactured to allow the
prototype to be populated in all 24 combustion chambers.
- Development of facility requirements to begin dynamometer
testing of the prototype.
About Reg Technologies, Inc. And REGI U.S.,
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(TM)/RadMax(TM) rotary technology used in the
revolutionary design of lightweight and high efficiency engines,
compressors and pumps. The RadMax(TM) 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(TM) engine also has multitude
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
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 expectation on closing the second tranche of the
private placement, 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.
CONTACT:
REG TECHNOLOGIES, INC.
www.regtech.com
REGI U.S., INC.
www.regiinc.com
#240-11780 Hammersmith Way
Richmond, BC V7A 5E9
Phone: 604-278-5996 - Fax: 604-278-3409
Reg Technologies, Inc.
REGI U.S., Inc.
John Robertson
President
1-604-278-5996
SOURCE: Reg Technologies, Inc.