RadMax Technologies Addresses
Key Increased Energy Efficiency and Reduced Emissions
Opportunities
Spokane,
WA
-- February 14, 2018 -- InvestorsHub NewsWire
-- REGI U.S., INC. www.radmaxtech.com ("REGI"
or "RGUS"
or "the Company")
The Board of
Directors, Regi U.S., Inc. and its wholly owned subsidiary,
RadMax
Technologies,
Inc., announce increased
product development activities addressing strategic industry opportunities
for increased energy efficiency and reduced emissions.
Continued testing
of the RadMax gas expander
prototype is confirming its projected
capabilities and
performance. With
these confirmations, interest
in, and exploration
of relevant market
and application opportunities, that can leverage the RadMax technology have intensified.
Increased
business development activities have identified
significant improved
efficiency related opportunities, primarily in
air conditioning/refrigeration and steam cycle applications
that could capitalize
on the RadMax expander capabilities. The
development of technical concept
papers, that partner with industry and research institutions have
either been submitted or are currently in discussion make the case
for how the RadMax
technology plans
to address those opportunities.
Key identified
opportunities include significant efficiency increases through
the capturing of wasted energy in
air conditioning/refrigeration systems and
steam energy production resulting in the potential for increased
production, with
the same amount of fuel, or conversely, decreased fossil
fuel usage and associated savings
in CO2 emissions. Other
opportunities promote the use of lower Global Warming Potential
(GWP) refrigerants and CO2 itself
as a refrigerant.
Based on these
opportunities we have
been actively
pursuing several courses of action to develop identified RadMax
products which address
them. These activities include development
of process improvement models, analysis, and
concept papers; meetings
with application-specific industry leading companies
and Department
of Energy National Laboratories
for collaboration on specific product
development; and
application to appropriate government assisted
funded projects. Initial results
from these business
development activities
are expected
soon and will be announced when executed and
appropriate.
In
anticipation of the
results from these activities, preparations are being made for
expanded technical staff
and facilities.
We encourage
all investors and
interested parties to
follow our progress routinely
posted on our website radmaxtech.com.
ON BEHALF OF
THE BOARD OF DIRECTORS
Regi U.S.,
Inc.
Paul Chute,
CEO
CONTACTS:
(509)
474-1040, pchute@radmaxtech.com
520 N. Market
St. STE # 10
Spokane, WA.
99217-7800
ABOUT REGI
U.S., INC.
RadMax
Technologies,
Inc., the wholly owned subsidiary of REGI U.S., Inc., is developing
for commercialization multiple improved axial vane type rotary
devices using our Patented RadMax Rotary
Technology. This Technology allows for revolutionary designs of
lightweight and high efficiency engines,
compressors pumps and other devices.
One current prototype, 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 several capabilities allowing it to operate on fuels including
gasoline, natural gas, hydrogen, propane and
diesel. For
more information, please visit www.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
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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.
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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.
