SPOKANE, Wash., Jan. 03, 2018 (GLOBE NEWSWIRE) -- ("REGI" or "RGUS" or "the Company") The Board of Directors, Regi U.S., Inc. and its wholly owned subsidiary, RadMax Technologies, Inc., are pleased to announce the achievement of a major milestone in the development of the RadMax prototype gas expander.
Recent testing of the RadMax prototype gas expander with compressed air produced predicted torque and power generation at all tested speeds. In the tests, torque produced by the RadMax expander was used to generate measured electric power through the use of a belt driven alternator connected to an adjustable electrical load. Sufficient startup torque was produced by the expander to easily self-start the unit and the alternator. Collected inlet and outlet pressures and temperatures confirmed that the torque created was due to the desired gas expansion process.
Produced torque was also verified using a Prony brake dynamometer. Measurements were taken at start up and at various speeds.
Test findings prove that the RadMax sliding axial-vane technology can be used to create an effective and efficient gas expander. Design enhancements and testing are expected to continue through the first quarter of 2018 to optimize efficiency, materials and collect wear and durability data. Development for integrating electricity producing components directly into the expander will also continue during this time.
The RadMax expander has the unique capability to effectively operate in both gas and gas-liquid states. Proving the RadMax expander concept is the first major milestone in developing the RadMax Two-Phase Expander (TPX) and the Two-Phase Expander Generator (TPXG) which are predicted to extract 10-20 percent of the available pressure-volume energy normally lost in throttling operations.
Initial targeted applications for the RadMax TPX and TPXG are the large commercial markets for air conditioning, refrigeration, natural gas distribution and other applications where throttling valves are commonly used, such as the Petrochemical Industrial sector. We are currently actively pursuing industry leading industry development partners in these market areas.
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
(509) 474-1040, email@example.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 radmaxtech.com
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 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 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.
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.