Spokane, Washington, Sept. 21, 2018 (GLOBE NEWSWIRE) -- REGI U.S., Inc. (“REGI” or “RGUS” or "the Company") RGUS (OTCMKTS) The Board of Directors, Regi U.S., Inc. and its wholly owned subsidiary, RadMax Technologies, Inc. (RadMax), are pleased to be working with a Department of Energy national laboratory. RadMax is supporting the Pacific Northwest National Laboratory (PNNL), in Richland, WA to develop and demonstrate a new, reduced cost energy system. PNNL’s patent-pending Harmonic Adsorption Recuperative Power (HARP) system implements a new non-condensing thermodynamic cycle projected to be 40% more efficient than commercially available organic Rankine cycle (ORC) systems, when paired with a suitable low temperature heat source.

RadMax will design and build an axial-vane, rotary gas expander that will operate in the 1-to-2 kW range. The RadMax device will be used to expand the high-pressure refrigerant generated by the HARP system to drive an electrical generator. With no need for fluid condensation, less heat is rejected to the environment and the HARP system can produce power even under high ambient temperature conditions where conventional ORC systems shutdown.

PNNL’s research project is funded by DOE’s Geothermal Technologies Office. It is the first of several projects currently being jointly pursued by RadMax Technologies and PNNL.

ABOUT REGI U.S., INC

RadMax Technologies, Inc., the wholly owned subsidiary of REGI U.S., Inc., is a research and product development company that is designing, developing and proving a family of smaller, lighter and more energy-efficient rotary engines, compressors, pumps and gas expanders for civilian, commercial and government applications. Our focus is on developing advanced devices that reduce carbon footprint, reduce device size, weight and parts counts, and increase fuel and manufacturing efficiencies. Based on our innovative and patented RadMax axial van-type technology, our devices are designed for high output to weight ratio and are easily scalable from small to very large. For more information, please visit radmaxtech.com

READER ADVISORY

Statements in this press release regarding the business of and REGI U.S, Inc. (together the “Companies’”) which are not historical facts are "forward-looking statements" that involve risks and uncertainties, 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 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 Regi U.S., Inc.’s financial statements, management discussion and analysis and material change reports filed with the United States

Securities and Exchange Commission at www.sec.gov, and REGI’s Form 10-K 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.

ON BEHALF OF THE BOARD OF DIRECTORS


Regi U.S., Inc. 
Michael S. Urso, CEO 
CONTACTS: 
(509) 474-1040 
info@radmaxtech.com 
7520 N. Market St. STE # 10 
Spokane, WA. 99217-7800

REGI US (CE) (USOTC:RGUS)
Historical Stock Chart
From Nov 2024 to Dec 2024 Click Here for more REGI US (CE) Charts.
REGI US (CE) (USOTC:RGUS)
Historical Stock Chart
From Dec 2023 to Dec 2024 Click Here for more REGI US (CE) Charts.