VANCOUVER, British Columbia,
March 12, 2012 /PRNewswire/ -- 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 the Radmax engine parts have arrived
at Williams and White Machine Inc.
facilities on March 5, 2012 from Path
Technologies in Painesville,
Ohio.
Radmax engine parts machining has commenced at Williams and White Machine Inc. in
Burnaby, B.C. to complete the
fabrication of the Radmax demonstration model.
The next phase will be the assembly and testing of the Radmax
diesel engine demonstration model (see previous News Release dated
January 30, 2012)
The budget for this work is estimated to be $75,000 for the final fabrication. Assembly and
testing costs will be additional.
ABOUT WILLIAMS AND WHITE
MACHINE INC.
Williams and White is a world
class manufacturing organization comprising of three independent
business units; Equipment, Machining, and Automation. Williams and White Equipment manufactures
specialized grinding equipment used in the cutting tool and
machining industry and access to only the most advanced tooling in
the world. The Automation division is specialized in development of
Mechatronic solutions for custom project applications. Website
www.williamsandwhite.com
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.
|
"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.
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.
SOURCE Reg Technologies Inc.; REGI U.S., Inc.