VANCOUVER, BC, Canada, via ETELIGIS INC., 07/31/2015 – – REGI U.S., Inc. (“REGI” or “RGUS” or "the Company") (OTC Pink: RGUS) (PINKSHEES: RGUS) (Frankfurt Stock Exchange: RGJ) and Reg Technologies Inc. (“Reg” or “RRE.V” or “REGRF” or "the Company") (TSX Venture Exchange: RRE.V) (OTC Pink: REGRF) (PINKSHEETS: REGRF), are pleased to announce that a test bench was fabricated by New Concepts, located in Richmond, BC. The purpose of the new test bench is to allow the full assembly of the prototype on a bench designed to allow the installation of the oil pump, cooling piping and starter motor. The bench also must carry the weight of the engine and be stable during the spin testing.
– All the new parts required for this engine build have been received and inspected.
– The engine was moved to New Concepts and disassembled in order to replace the oil coolers and vanes.
– All old parts were cleaned and inspected for damage.
– The cams have been stripped and then plated to insure all the surfaces are pristine and do not have any wear or damage from prior testing.
– The assembly process is underway and all new parts have been installed on the rotors with minimal effort.
– Complete assembly of the prototype
– Install the motor and connections needed to perform the spin test.
– Purchase and install the oil pump and required piping.
– 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™/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 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
Reg Technologies Inc.
REGI U.S., INC.
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.
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Reg Technologies Inc.
REGI U.S., INC.
SOURCE: Reg Technologies Inc.