Reg Technologies, Inc./REGI U.S., Inc. Progress Report.Business Editors COLUMBUS, Ind.--(BUSINESS WIRE)--Aug. 21, 2001 Reg Technologies, Inc. (CDNX CDNX See Canadian Venture Exchange (CDNX). :RRE RRE Red Rock Eater (News Service) RRE Road Race Engineering RRE Remote Roof Easy RRE Residential Real Estate RRE Rise-And-Run-Length Encoding RRE Royal Radar Establishment (Great Britain) .V)(OTCBB OTCBB See OTC Bulletin Board (OTCBB). :REGRF) and its U.S. subsidiary REGI REGI Raptor Education Group Inc (Wisconsin) U.S., Inc. (OTCBB:RGUS) wish to announce that the following progress report has been received by our Chief Engineer, Patrick Badgley regarding the Rand Cam compressors, Diesel engines, Cold Turbines, and pumps. Due to the sensitive nature of the discussions with potential interested licensees and with pending private and commercial funding and teaming arrangements for these projects the company has to be confidential in describing both the companies and projects in order to protect the interests and comply with non-disclosure agreements that we have with these organizations. RAND CAM(TM)FUEL CELL AIR COMPRESSOR compressor, machine that decreases the volume of air or other gas by the application of pressure. Compressor types range from the simple hand pump and the piston-equipped compressor used to inflate tires to machines that use a rotating, bladed element to achieve -- The prototype air compressor requested by a major fuel cell manufacturer has been fabricated fab·ri·cate tr.v. fab·ri·cat·ed, fab·ri·cat·ing, fab·ri·cates 1. To make; create. 2. To construct by combining or assembling diverse, typically standardized parts: and is currently undergoing additional testing at REGI U.S.'s facility in Detroit. At the completion of this effort the compressor will be delivered to a compressor manufacturer for evaluation and testing as a first step towards this manufacturer becoming a licensee to manufacture compressors for our applications. The Company is currently in discussions with three additional fuel cell manufacturers, both in the U.S. and abroad who are interested in our compressor technology. Additional prototypes will be completed for evaluation. RAND CAM(TM)DIESEL ENGINES -- REGI has collaborated with a major ceramics supplier to bid on a Government sponsored research program for a small ceramic Diesel engine. Details of this program will be released later in the event that the Company is awarded the contract. We are currently in negotiations for the design of a slightly larger engine for a commercial customer. In regard to this project REGI will design the engine and it will be manufactured and tested by the customer. Again details cannot be released due to the wishes of the customer. A project to update the existing 125 horsepower Rand Cam Diesel engine to incorporate the latest technology, "Winged Rotor Concept" is about to get underway with a commercial customer for demonstration purposes. This project is planned to be financed completely with outside funding. RAND CAM(TM)AIR CONDITIONING air conditioning, mechanical process for controlling the humidity, temperature, cleanliness, and circulation of air in buildings and rooms. Indoor air is conditioned and regulated to maintain the temperature-humidity ratio that is most comfortable and healthful. COMPRESSOR -- As previously reported the air conditioning compressor for heavy-duty bus applications was completed and delivered to the Trans Air Manufacturing Company for testing in January of this year. Unfortunately, the testing has not been started. Pat Badgley has recently visited this company and was assured that Trans Air is still VERY interested in the compressor and will start the testing now that the busy season for their industry is coming to a close. RAND CAM(TM)COLD TURBINE ENGINES -- Designs have been completed for three different applications of this new engine concept. The Cold Turbine is the use of a positive displacement A positive displacement meter is a type of flow meter that requires the fluid being measured to mechanically displace components in the meter in order for any fluid flow to occur. A diaphragm meter, with which most homes are equipped, is an example of a positive displacement meter. Rand Cam compressor and a positive displacement Rand Cam expander in a Brayton cycle Brayton cycle A thermodynamic cycle (also variously called the Joule or complete expansion diesel cycle) consisting of two constant-pressure (isobaric) processes interspersed with two reversible adiabatic (isentropic) processes. (gas turbine) machine. Much interest is being shown in this technology following both our press release and a recent article in Ward's Engine Update. RAND CAM(TM)PUMPS -- A large end user has provided desired performance characteristics for a 300 gallon per minute pump application that is ideally suited to the Rand Cam design. A special pump is now being designed for this large flow application. The customer and the application have to remain confidential for now. Information will be released once an agreement is signed. ABOUT REG TECHNOLOGIES, INC./REGI U.S., INC. Reg Technologies, Inc. jointly owns the worldwide rights to the Rand Cam(TM)rotary technology with its U.S. subsidiary REGI U.S., Inc. and is currently incorporating its latest winged rotor technology to dramatically improve sealing and reduce friction in the diesel Rand Cam(TM)engine. The Company has designed and built an air pump for fuel cell applications as well as an air pump for the lumbar lumbar /lum·bar/ (lum´bar) pertaining to the loins. lum·bar adj. Of, near, or situated in the part of the back and sides between the lowest ribs and the pelvis. seats in automobiles and has filed for a patent for a Hydrogen Separator Technology. The Company has also built a compressor for air conditioning units for buses. The Company's goal is to license the technology and/or to participate in joint ventures to manufacture specific Rand Cam(TM) applications and the Hydrogen Separator Technology. ON BEHALF OF THE BOARD OF DIRECTORS John Robertson John Robertson may refer to: Politicians:
President The Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) has neither approved nor disapproved of the information contained herein. Statements in this press release regarding REGI's business which are not historical facts are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " that involve risks and uncertainties, including the impact of competitive products and pricing, the need to raise additional capital, uncertain markets for the company's products and services, the company's dependence on third parties and licensing/service supply agreements, and the ability of competitors to license the same technologies as the Company or develop or license other functionally equivalent technologies. |
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