Business Services Industry
REGI U.S., Inc. Announces Rand Cam Generator Application Tests Have Commenced
Business Wire, Sept 29, 2004
VANCOUVER, British Columbia -- REGI U.S., INC. (OTCBB:RGUS) (Berlin Stock Exchange:RGJ) and Reg Technologies, Inc. (TSX Venture Exchange:RRE) (OTCBB:REGRF) wish to announce the testing has commenced for the Rand Cam(TM) generator application for hybrid electric cars, portable generator application, and for back up power for family homes. John Robertson, President of REGI U.S., Inc., states, "The hybrid electric car is the most advanced technology for a clean burning vehicle in the market today."
The Rand Cam(TM) is a compact, light weight, quiet running engine and has multifuel capabilities that include the clean burning natural gas and heavy fuels, which are safer for military applications due to the low explosive aspects. The market size for the industrial power generation market is US$73 billion annually.
Brian Cherry, Vice President of the Rand Cam(TM) engine projects and co-inventor of the Rand Cam(TM) technology, is overseeing the development and testing in conjunction with two rotary engine mechanics with over 10 years experience with the Mazda rotary engine. Several firms have expressed interest in the Rand Cam(TM) engine for hybrid car applications at the MoneyShow, which was held in San Francisco last week. The REGI U.S., Inc. booth was very well attended generating much interest overall in the Company.
REGI U.S., Inc. owns the U.S. rights and the parent company Reg Technologies, Inc. owns the worldwide rights to the Rand Cam(TM) rotary technology. The Company has designed and built an air pump for fuel cell applications as well as an air pump for the lumbar seats in automobiles. Our licensee is completing the production model 42 H.P. Rand Cam(TM) engine to be used for military applications. REGI U.S., Inc. is currently completing the generator application for a hybrid car application, and the generator for residential homes. For more information please visit www.regtech.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"John Robertson"
John Robertson
President
The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.
Statements in this press release regarding Reg Technologies/REGI's business which are not historical facts are "forward-looking statements" 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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