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Reg Technologies Inc. and Regi U.S., Inc. Announce the USPTO Has Awarded Patent Number 7,896,630 to RadMax
Wednesday, March 09, 2011
Vancouver, British Columbia -- REGI U.S., Inc. (OTCBB: RGUS)(FRANKFURT: RGJ) and Reg Technologies Inc. (TSX VENTURE: RRE)(OTCBB: REGRF) are pleased to announce the United States Patent and Trademark Office (USPTO) has awarded Patent Number 7,896,630 for 23 unique RadMax™ technology disclosure claims, based on a company filed amendment dated 24 September 2010. This announcement supersedes the 22 technology disclosure claims previously approved as discussed in REGI U.S., Inc. and Reg Technologies Inc.'s news release dated July 29, 2010.
The official legal description of the patent title, based on the USPTO letter dated 23 November 2010, is "Rotary Device With Reciprocating Vanes And Seals Therefor".
These claims encompass all emerging RadMax™ technology insertion, including advanced mechanical, sealing, friction reduction, thermodynamics, and lubrication aspects. Each claim represents a major departure from all prior Reg and REGI technologies, and sets RadMax™ distinctly apart from all competing engines.
Robert Grisar, Vice President of Engineering for REGI U.S., Inc., states, "Following more than three years of in-depth review by the USPTO, we are extremely pleased with the patent award of these 23 claims. Most patent submittal requests are for a single claim. This award is unprecedented. Timing could not be better. We have commenced fabrication of the prototype RadMax™ design, at Path Technologies Inc., in Painesville, Ohio, based on these patent disclosures."
About REGI U.S. 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.
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 their 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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