All City Baby
2年前
RadMax Technologies Announces Phase 1 Development Funding for New Hybrid Cycle Engine for Vehicles and Power Generation
SPOKANE, WA / ACCESSWIRE / September 19, 2022 / REGI U.S., Inc. ("REGI" or "RGUS" or "the Company") (OTC PINK:RGUS). The Board of Directors, Regi U.S., Inc. and its wholly owned subsidiary RadMax Technologies, Inc. (RadMax) are pleased to announce the initial round of funding for the development of a new engine concept for hybrid vehicles, power generation and defense applications.
A Texas equity group is providing Phase 1 funding for development of the RadMax Hybrid Cycle Engine (HCE) that includes third party review of thermal and dynamic modeling, preliminary design, and business case review of the RadMax design.
The RadMax HCE is a closed-loop Brayton Cycle engine consisting of a RadMax low speed positive displacement expander and compressor, high efficiency and low-emissions burner, commercially available heat exchangers, and utilizes a superheated working fluid optimized for increased heat transfer and reduced components size. Utilization of a low-pressure burner to heat the working fluid rather than combustion in the working fluid increases fuel efficiency, reduces NOx emissions and allows for the use of any existing or new liquid, gaseous or renewable fuel including hydrogen.
Preliminary modeling predicts that the HCE can potentially have about the same efficiency and performance with no emissions burning hydrogen as a hydrogen fuel cell, and potentially have about the same life-cycle CO2 footprint burning current fossil fuels as a battery electric vehicle (BEV) charging from the grid at the current US average. At an estimated one-third to one-half the size and weight of conventional internal combustion engines, the HCE can be an economical power alternative by offering significant greenhouse gas emission reductions using existing fuels and infrastructure.
According to RadMax Chief Technology Officer, Paul Porter, "the RadMax HCE's positive displacement, lower speed and pressure design addresses the traditional turbine engine shortcomings of large airflow and excessive heat transfer losses, low fuel use efficiency, poor startup time and throttle response, and high temperature, noise level and vibration issues".
Analysis shows that there is a large potential market for this type of engine for extended operating hour operation hybrid electric vehicles (HEV) in long-haul trucking, construction, mining, and agriculture applications, and stationary backup power.
RadMax is seeking additional joint development partners for Phases 2 and 3 of the development programs which includes building and testing prototype and demonstration engines leading to commercialization of the engine.
About REGI U.S., Inc.
RadMax Technologies, Inc., the wholly owned subsidiary of REGI U.S., Inc., is a research and development company focused on creating new, disruptive technologies that are more efficient, compact, and cost-effective than those currently available, and is developing and commercializing high efficiency engines, compressors, expanders and pumps for civilian, commercial and government applications based on our patented RadMaxTM axial vane-type rotary technology.
FORWARD LOOKING STATEMENTS:
Statements in this press release regarding the business of RadMax Technologies, Inc. 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.
CONTACTS:
Lynn Petersen, VP Business Development
info@radmaxtech.com
(509) 474-1040, ext. 103
Paul W. Chute, CEO
(509) 474-1040, ext. 101
7520 N. Market St. STE #10
Spokane, WA. 99217-7800
SOURCE: REGI U.S., Inc.
AskMuncher
3年前
$RGUS RadMax Technologies Announces Product Development and Licensing Agreement with TAKEnergy Ic.
Press Release | 12/07/2021
SPOKANE, WA / ACCESSWIRE / December 7, 2021 / REGI U.S., Inc. ("REGI" or "RGUS" or "the Company") (OTC PINK:RGUS). The Board of Directors, Regi U.S., Inc. and its wholly owned subsidiary RadMax Technologies, Inc. (RadMax) are pleased to announce a comprehensive product development and licensing agreement (Agreement) with TAKEnergy Inc. (TAKE), Calgary, AB, for Oil and Gas and Pipeline industries in North America.
TAKE's management team have over 150 combined years of experience in oil and gas, manufacturing, engineering, and sustainable energy systems. With North American and International market experience, they are dedicated to the further development and speedy commercialization of RadMax products for the Oil and Gas industry in North America. This over-riding Agreement provides flexibility in developing a long-term manufacturing and marketing relationship between the two companies.
Under the terms of the Agreement, RadMax grants TAKE the manufacturing and marketing rights for the commercialization of RadMax technology-based compressor and expander products for the North American Oil and Gas and Pipeline industries. RadMax and TAKE will also jointly develop intellectual property related to technological advancements to commercialize RadMax products.
RadMax and TAKE expect the newly developed compressor and expander products will be available in late 2022 for the North American market through TAKE. This will be following the successful completion of the Canadian Natural Gas Innovation Fund, (NGIF) sponsored demonstration project previously announced (read here).
RadMax expanders and compressors provide an efficient and economic path to compliance in advance of reduced methane emission requirements for oil and gas producers and distributors. When deployed at pressure letdown points along the production and distribution chain it will reduce GHG emissions and lower energy costs. The reliable, green, zero emission power generated by RadMax technology can play a meaningful role to help clients meet environmental targets and reduce power costs.
"Our ability to offer economical, reliable, cleantech power alternatives for remote site control and monitoring, as well as reduction in purchased power, is a significant breakthrough for regulators, producers and end-users looking to reduce methane emissions and carbon footprint," explained Paul Porter, RadMax President and Chief Technology Officer.
"TAKEnergy is excited to partner with RadMax technologies to bring this innovative technology to market. Our team has the manufacturing capabilities, product development expertise and oil and gas industry experience to meaningfully accelerate commercialization. We are passionate about manufacturing in Alberta and look forward to working with clients to help them achieve their environmental goals." said James Cleland, President of TAKEnergy.
About REGI U.S., Inc.
RadMax Technologies, Inc., the wholly owned subsidiary of REGI U.S., Inc., is a research and development company focused on creating new, disruptive technologies that are more efficient, compact, and cost-effective than those currently available, and is developing and commercializing high efficiency engines, compressors, expanders and pumps for civilian, commercial and government applications based on our patented RadMaxTM axial vane-type rotary technology.
About TAKEnergy Inc.
TAKEnergy Inc. is a Calgary based business, formed in 2021 by five energy and manufacturing executives to address two critical market needs: help Canada's natural gas industry meet zero methane emission targets and to provide small scale green power to industrial and commercial clients.
FORWARD LOOKING STATEMENTS:
Statements in this press release regarding the business of RadMax Technologies, Inc. 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.
CONTACTS:
Regi U.S., Inc.
Paul W. Chute, CEO
(509) 474-1040 Ex. 101
info@radmaxtech.com
7520 N. Market St. STE #10
Spokane, WA. 99217-7800
TAKEnergy Inc.
James Cleland, President
(403) 992-6104
james.cleland@takenergy.com
Suite 1500, 205 - 5th Ave SW
Calgary, AB. T2P 2V7
SOURCE: REGI U.S., Inc.
AskMuncher
3年前
$RGUS RadMax Technologies To Develop Specialty Vacuum Pumps For IWVC Novel Hybrid CO2 And Water Direct Air Capture System
Press Release | 11/22/2021
SPOKANE, WA / ACCESSWIRE / November 22, 2021 / REGI U.S., Inc. ("REGI" or "RGUS" or "the Company") (OTC PINK:RGUS). The Board of Directors, Regi U.S., Inc. and its wholly owned subsidiary RadMax Technologies, Inc. (RadMax) are pleased to announce a cooperative agreement with IWVC, LLC (IWVC), Venice, CA, to design and build specialized vacuum pump / compressors (Compressors) for a Hybrid Direct Air Capture (HDAC) new technology demonstration project led by IWVC.
The HDAC system is a novel combined carbon dioxide (CO2) and atmospheric water extraction direct air capture technology being supported with major funding by the US Department of Energy FOA 2188 "Novel Research and Development for the Direct Capture of Carbon Dioxide from the Atmosphere" that will result in a 30 ton-CO2/yr and 1,100 L/d water demonstration plant. The commercialization of this technology is expected to significantly reduce the cost of extracting CO2 in large scale applications compared to other current technologies.
The RadMax Compressors will provide a vacuum used in the demonstration system at the required low power requirement not easily achieved with other currently available compressors. Additionally, the RadMax Compressors are capable to simultaneously handle both the CO2 and water working fluids, and operate while experiencing 2-phase fluid and entrained liquid conditions.
"We are pleased to have a role in the development of this new exciting technology for direct capture of CO2 and its potential impact in moving towards the goals of a reduced carbon economy," stated RadMax CEO Paul Chute.
"We're confident that the demonstration testing of this breakthrough technology will prove what our modeling indicates-our unique HDAC approach offers the most flexible and cost-effective solution in the DAC market," said Will Kain, CEO of Avnos, Inc. "Leveraging the deep expertise of the RadMax team to deliver optimal compression and vacuum solutions is very exciting for the project."
About REGI U.S., Inc.
RadMax Technologies, Inc., the wholly owned subsidiary of REGI U.S., Inc., is a research and development company focused on creating new, disruptive technologies that are more efficient, compact, and cost-effective than those currently available, and is developing and commercializing high efficiency engines, compressors, expanders and pumps for civilian, commercial and government applications based on our patented RadMaxTM axial vane-type rotary technology.
About IWVC, LLC
IWVC, LLC, is engaged in the development and commercial deployment of cutting-edge climate technology solutions.
Forward-Looking Statements:
Statements in this press release regarding the business of RadMax Technologies, Inc. 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.
CONTACTS:
Regi U.S., Inc.
Paul W. Chute, CEO
(509) 474-1040, Ext. 101
info@radmaxtech.com
7520 N. Market St. STE #10
Spokane, WA. 99217-7800
IWVC, LLC
William Kain, CEO
(424) 274-2705
will.kain@iwvcllc.com
1240 Preston Way
Venice, CA 90921
SOURCE: REGI U.S., Inc.
View source version on accesswire.com:
https://www.accesswire.com/673905/RadMax-Technologies-To-Develop-Specialty-Vacuum-Pumps-For-IWVC-Novel-Hybrid-CO2-And-Water-Direct-Air-Capture-System
Penny Stocks 2.0
4年前
$RGUS Huge Partnerships...CARRIER Global, PNNL, Trans Gas Solutions, Switzerland, Canada, U.S., SPAIN, New Zealand, University of Illinois, Multiple Government Energy Departments, Multi US and Canadian Oil and Gas Companies
Penny Stocks 2.0
4年前
Partnership with NYSE $CARR CARRIER >> The Board of Directors, Regi U.S., Inc. and its wholly owned subsidiary, RadMax Technologies, Inc.(RadMax), are pleased to announce the receipt of a donated, state-of-the-art air conditioning / chiller system from Carrier Corporation. The system will be used as the test platform for the development and testing of RadMax’s innovative two-
phase expander generator (TPXG).
Paul Porter, RadMax Chief Technology Officer, states “This new equipment will greatly accelerate our product development timeline by giving us the ability to test and compare our devices against incumbent technologies in-house. We are very appreciative of Carrier’s assistance in defining and delivering the state of the art equipment, as well as their willingness to guide and review the
results from our on-going development programs. This will allow us to better align our devices to best address real world opportunities in the areas of operational efficiency and energy
conservation.”
The RadMax TPXG is being developed to replace non-energy capturing throttling valves currently used in conventional air conditioning and refrigeration systems. Our objective is to improve the systems coefficient of performance (COP) by 5 to 15 percent depending upon the refrigerant being used. The TPXG is a positive displacement device capable of capturing a portion of the compression energy normally lost by incumbent throttling valves and converting it into electricity, which in turn is used to decrease the systems electrical demand on the grid.
ON BEHALF OF THE BOARD OF DIRECTORS
Regi U.S., Inc.
Michael S. Urso, CEO
CONTACTS:
(509) 474-1040
info@radmaxtech.com
7520 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 a research and
product development company that is designing, developing and proving a family of smaller,
lighter and more energy-efficient rotary engines, compressors, pumps and gas expanders for
civilian, commercial and government applications. Our focus is on developing advanced devices
that reduce carbon footprint, reduce device size, weight and parts counts, and increase fuel and
manufacturing efficiencies. Based on our innovative and patented RadMax axial van-type
technology, our devices are designed for high output to weight ratio and are easily scalable from
small to very large. For more information, please visit radmaxtech.com
ABOUT CARRIER
Founded by the inventor of modern air conditioning, Carrier is the world’s leader in high-
technology heating, air-conditioning and refrigeration solutions. Carrier experts provide
sustainable solutions, integrating energy-efficient products, building controls and energy services
for residential, commercial, retail, transport and food service customers. Carrier is a part of UTC
Climate, Controls & Security, a unit of United Technologies Corp., a leading provider to the
aerospace and building systems industries worldwide. For more information, visit
www.carrier.com or follow @CarrierGreen on Twitter.
Penny Stocks 2.0
4年前
Patents As at April 30, 2019 and the date of this report, we have the following patents (issued, pending, & provisional:/b]
-REGI U.S., INC. 2011. “Axial Vane Rotary Device and Sealing System”. Patent No.: 7,896,630, US.
-REGI U.S., INC. 2013. “Vane Type Rotary Apparatus with Split Vanes”. Patent No: 2,496,157, CA.
-REGI U.S., INC. 2017. “Electricity Generator and Methods for Generating Electricity”. Patent Application No.: 15/669589, US.
-REGI U.S., INC. 2017. “Prime Mover Assemblies and Methods”. Patent Application No.: 15/669,625, US.
-REGI U.S., INC. 2017. “Rotary Devices Having Variable Compression and Expansion Ratios”. Patent Application No. 15/946,068, US.
-REGI U.S., INC. 2018. “Prime Movers, Pumps and Compressors Having Reciprocating Vane Actuator Assemblies and Methods”. Patent Application No.: 15/946,147, US.
-REGI U.S., INC. 2018. “Modified Two Phase Refrigeration Cycle”. Patent Application No. 16/284,923 US.
-REGI U.S., INC. 2018. “Modified Two Phase Steam Cycle”. Patent Application No.: 16/258,929, US.
Penny Stocks 2.0
4年前
$RGUS MUST READ >>> 2019 Highlights include projects with:
Two (2) Department of Energy National Laboratories, two of which are sponsored and funded by a large A/C Industry OEM.
Two (2) US Air Conditioning OEM’s evaluating our expanders in commercial building A/C & refrigerated transport container equipment.
A Canadian Oil & Gas company and the National Gas Innovation Fund to generate power for pneumatic controllers in order to eliminate GHG emissions from natural gas wellheads.
A Large US Oil & Gas company interested in GHG emission elimination & recapturing compression power from natural gas wells and pipelines.
Three (3) manufacturing companies working to reduce energy costs & carbon footprint by incorporating expanders into existing steam, gas or refrigeration lines.
A Canadian Syngas waste heat recovery company that designs and sells equipment to burn landfill, agricultural and biological waste to generate syngas, which is then used to generate electricity.
A South Korean liquid natural gas (LNG) company building the bunkering infrastructure needed to convert small to mid-size diesel powered ships to clean burning LNG.
City of Geneva & the Swiss government to use RadMax expanders to generate electricity from natural gas let-down stations (>200) across the country.
Co-Development Projects in Progress:
New Zealand based, specialty engine manufacturer to design and build a prototype ceramic or carbon fiber internal combustion engine for testing in a variety of applications.
N. Illinois University 3D printer project to reduce manufacturing time, cost, part count and weight.
Accelerate expander / generator testing in Guatemala based, heat pump manufacturer EEMS equipment to demonstrate performance and secure funding for African field trials.
Intellectual Property Update:
RadMax currently owns three (3) “core technology” utility patents, which includes our most recent patent issued on September 17, 2019 titled “Electricity Generator and Methods for Generating Electricity”.
Additionally, there are five (5) utility patents filed and awaiting approval. Increasing the value of our intellectual property assets is a high priority, so with that in mind we have plans to file fifteen (15) new patents as funds become available.
As our product development and sales activities increase internationally, we plan to expand our IP coverage to include the EU, South America, Asia and other countries of interest.
Penny Stocks 2.0
4年前
RadMax Technologies, Inc. Commences Natural Gas Expander-Generator Power Generation Field TrialsPress Release | 02/26/2020
SPOKANE, Wash., Feb. 26, 2020 (GLOBE NEWSWIRE) -- REGI U.S., Inc. (“REGI” or “RGUS” or "the Company") (OTCQB:RGUS), The Board of Directors, Regi U.S., Inc. and its wholly owned subsidiary RadMax Technologies, Inc. (RadMax) are pleased to confirm initial field testing is underway for a RadMax prototype positive displacement natural gas expander-generator (RXG) at a natural gas producer development partner’s well site in the Southwestern USA.
The two kilowatt RXG is being evaluated on its ability to economically and reliably generate power under harsh wellsite conditions to be used for reducing methane emissions from existing pneumatic controllers, and to provide electrical power for site operations. Planned larger RXG units will also allow for the commercial sale of excess “green” generated power through the grid system. Testing is expected to continue through most of 2020 with different capacity and configuration RXG units installed at additional well sites. Results from these tests are expected to result in commercially available natural gas RXG products up to 500 kW in 2021.
Natural gas pressure pneumatic controllers are used as an economical way to operate valves, regulators and pumps all along the natural gas distribution system and are a major contributor of methane emissions in the natural gas industry. Conversion of these devices to be powered by electricity or compressed air would have a significant impact on the level of methane emissions and is seen by progressive Oil & Gas producers as an essential area for improved environmental stewardship and cost savings.
“Our ability to offer economical, reliable and cleantech alternatives for powering control, monitoring and communication devices is a significant breakthrough for regulators, producers and operators looking to reduce methane emissions from the over three million natural gas producing wells globally,” explained Paul Porter, RadMax Chief Technology Officer.
ABOUT REGI U.S., INC
RadMax Technologies, Inc., the wholly owned subsidiary of REGI U.S., Inc., is a research and development company in the mid stages of prototype testing towards commercializing a family of unique, axial vane devices built around a patented “common rotary core”. This common core can be easily configured into a broad range of innovative products that includes; gas expanders, compressors, pumps, and internal combustion engines / external combustion turbines. These devices can be utilized across numerous global markets and applications to recapture lost “Free” energy and help users improve efficiency, decrease size, weight and complexity in powering applications. In addition, reducing their energy consumption, costs and greenhouse gas emissions (GHG’s) by using less energy, more efficiently. For more information, please visit www.radmaxtech.com
Penny Stocks 2.0
4年前
REGI U.S., Inc., through its subsidiary RadMax Technologies, Inc., designs, develops, and builds axial vane type rotary devices for civilian, commercial, and government applications. It offers RadMax compressed gas expander, a positive-displacement gas expander that captures kinetic and pressure-volume energy and converts it to rotational power in compressed gas expansion applications. The company also offers RadMax compressor that acts as a positive-displacement and centrifugal compressor; and RadMax combined function devices, which comprise two cams connected by a common driveshaft in a single housing. In addition, it offers RadMax positive-displacement pumps; and RadMax internal/external combustion engines. REGI U.S., Inc. was founded in 1992 and is headquartered in Spokane, Washington.
Penny Stocks 2.0
4年前
Regi U.S., Inc. Plan of Action Update
October 29th, 2020
REGI U.S., Inc. (“REGI” or “RGUS” or "the Company")
The Board of Directors, Regi U.S., Inc. and its wholly owned subsidiary, RadMax Technologies,
Inc., announce the following updates to our phase 2 Plan of Action.
Our efforts to continue operations during this depressed economic time show progress along
several fronts:
? During October, we demonstrated in Texas our RadMax expander technology to
several Oil & Gas industry producers and related industrial equipment suppliers.
Our expander prototypes successfully ran both as stand-alone units and on
supplied test platforms providing proof of expected electrical energy conversion
from pressure differentials in gas flow.
? We have identified additional joint development and application opportunities.
? Our field trials have provided valuable data which is being used to improve
expander design in the areas of materials selection, vane performance, improved
generator efficiency, flow filtering requirements, control systems, and
application management.
? We continue to refine our expander designs for reducing methane emissions
leading up to commercialization of the product in mid to late 2021.
? Discussions on select projects with multiple parties are ongoing with the purpose
of accelerating the timeline for the introduction of commercial products.
? We are continuing to search for a strategic business relationship with a midlevel
manufacturing company who seeks to expand or diversify their product lines.
Based on “common core” technology, RadMax expander and compressor
products add efficiency to, and are suitable for use in various Oil & Gas industry,
HVAC, steam, waste heat recovery, water desalination/processing and other
industrial applications.
Our current financials do not have any material changes from those publicly reported in our 3rd
quarter fillings. Further balance sheet improvements are expected to be limited by the
continuing COVID-19 economic conditions.
We encourage all investors and interested parties to follow our progress routinely posted on
our website radmaxtech.com, and our RGUS listing on the OTC web site.
ON BEHALF OF THE BOARD OF DIRECTORS
Regi U.S., Inc.
Paul W. Chute
CEO, CFO
CONTACTS:
(509) 474-1040, x-101
pchute@radmaxtech.com
7520 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. For more information,
please visit radmaxtech.com.
READER ADVISORY
Statements in this press release regard
AskMuncher
4年前
$RGUS REGI U.S., INC. to down list from OTC: QB to OTC: Pink
Press Release | 07/14/2020
SPOKANE, WA / ACCESSWIRE / July 14, 2020 / The Board of Directors, Regi U.S., Inc. ("REGI" or "RGUS" or "the Company") (OTC PINK:RGUS) and its wholly owned subsidiary, RadMax Technologies, Inc., announce the Board of Directors directive to down list from the OTC: QB to the OTC: Pink reporting standards, effective July 14, 2020. In addition, REGI will cease reporting to the SEC reporting standards as they require public audits and other quarterly obligations.
The economic consequences of dealing with the Covid-19 virus and its far reaching effect on the company's business model dictate responsive actions that place the company in the best position to continue its objective of reaching early commercialization by 2021.
"The costs of maintaining SEC reporting and the OTC: QB compliance standards require a huge financial burden on the company's operations and far exceed any benefit to its business objectives. Up to 30% of our cash flow over the last three years has been required for these reporting requirements. All existing resources need to be reserved for further prototype development and continued field trials," said Paul W. Chute, CEO
All future news will be distributed via the OTC company news and RadMax web site.
"Through these troublesome times, we seek the best use of our resources," offers Mr. Chute.
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
CONTACTS:
(509) 474-1040, x-101
pchute@radmaxtech.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. For more information, please visit radmaxtech.com
READER ADVISORY
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, 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.
SOURCE: REGI U.S., Inc.
View source version on accesswire.com:
https://www.accesswire.com/597374/REGI-US-INC-to-down-list-from-OTC-QB-to-OTC-Pink
clem_k
5年前
The Natural Gas Innovation Fund Announces its Finalists in Two Round 4 Funding Competitions
December 12, 2019
Ottawa, Ontario
Natural Gas Innovation Fund
Today the Natural Gas Innovation Fund™ (NGIF) announced the finalists from two of its funding competitions – Round 4 funding competition for clean technologies for the end-use distribution of natural gas and Round 4 funding competition for clean technologies for the production of natural gas.
In 2018, NGIF launched a $1 million funding call targeting clean technologies solutions for the distribution of natural gas. We are pleased to announce the approval of $542K in funding towards two downstream finalists:
Enviro Power Inc. is a Connecticut based company that was approved for $292K for the demonstration of a residential natural gas SmartWatt Boiler micro combined heat and power (mCHP) system.
Hiller Truck Tech Inc. is an Ontario based truck repair and performance facility specializing in natural gas conversions that was approved for $250K for the demonstration of a dual fuel technology using natural gas in heavy duty vehicles.
That same year, NGIF launched a $3 million funding call targeting clean technologies in the development and production of natural gas. We are pleased to announce the approval of $1.33 million in funding towards six upstream finalists:
Luxmux Technology Corporation is an Alberta based company that was approved for $85K for the demonstration of an on-site continuous emission monitoring system for methane and carbon dioxide at gas production sites.
GHGSat Inc., is a Quebec based company that was approved for $258k for the demonstration of a satellite-aircraft hybrid system in BC’s Montney region to detect GHG emissions.
RadMax Technologies, Inc. is a Washington based company that was approved for $72K for the demonstration of their expander-generator-compressor that can capture kinetic and pressure volume energy in pressure letdown applications and convert it to power.
Saltworks Technologies Inc., is a British Columbia based company that was approved for $224K for the demonstration of a GHG-reducing water management system at a natural gas production site, taking water hauling trucks off the road.
Winterhawk Well Abandonment Ltd., is an Alberta based company that was approved for $339k to demonstrate emissions reduction at an abandoned well through the operation of their Surface Casing Vent Flow (SCVF) technology.
Distributed Gas Solutions Canada LP, is a Quebec company that was approved for $351K for the deployment of a natural gas treatment and micro liquefaction technology to displace diesel fuel with LNG for mine haul trucks and for remote/off grid/indigenous communities.
Funding for these finalists is subject to a negotiated contribution agreement.
NGIF currently has five natural gas utilities; ATCO Gas Ltd., Enbridge Gas Inc., FortisBC Energy Inc., Pacific Northern Gas Ltd., and SaskEnergy that are investing in cleantech innovation downstream distribution and consumer solutions; and seven natural gas producers including Birchcliff Energy Ltd., Canadian Natural Resources Limited, Chevron Canada Limited, Perpetual Energy Inc., PETRONAS Energy Canada Ltd., Shell Canada Energy, and Tourmaline Oil Corp. that are investing in cleantech innovation in the upstream natural gas sector.
Please visit www.ngif.ca to see the list of semi-finalists.
Quotes:
I am excited to see our eight Round 4 finalists of the Natural Gas Innovation Fund competition selected from over 40 applications submitted. These companies and the solutions they are bringing to market through cleantech innovation will increase the competitive performance of Canada’s natural gas energy sector.”
John Adams, Managing Director, Natural Gas Innovation Fund
Golden Cross
5年前
RadMax Technologies, Inc. Awarded Funding from Canada’s Natural Gas Innovation Fund (NGIF) for a Cleantech Innovation Project to Reduce Methane Gas Emissions
Press Release | 12/16/2019
NGIF’s mandate is to take action and “advance the most promising enterprises in cleantech innovation” and support them through their projects to commercialization and market success.
NGIF member companies include; Shell, Chevron, CNRL, Petronas, SaskGas, ATCO, Pacific Northern Gas and Birchcliff Energy.
Natural gas powered pneumatic controllers which maintain process conditions at the wellhead, have been targeted by government regulators due to their inherent nature to vent methane, which represents 15% of Canada’s total Greenhouse Gas Emissions.
The Canadian government has initiated policies that will require all existing pneumatic controllers installed before January 01, 2022 to be replaced, retrofitted or modified so that they are considered to be a low-vent alternative.
Press Contact: Paul Chute, CEO / Board Chairman, Regi U.S., Inc. (509) 474-1040, info@radmaxtech.com, 7520 N. Market Street, Suite 10, Spokane, WA 99217-7800
SPOKANE, Wash., Dec. 16, 2019 (GLOBE NEWSWIRE) -- REGI U.S., Inc. or RGUS (OTC:QB) The Board of Directors, Regi U.S., Inc. and its wholly owned subsidiary, RadMax Technologies, Inc. (RadMax) are pleased to confirm the Canadian Natural Gas Innovation Fund’s (NGIF) decision to fund a cleantech project utilizing RadMax technology to reduce methane emissions from oil and gas wells. The project will evaluate the ability of RadMax’s proprietary rotary, positive displacement Expander / Generator / Compressor (RXGC) to provide a non-greenhouse gas emitting alternative. Existing pneumatic controllers use natural gas streaming from the well to open and close valves, after which the methane gas is vented into the atmosphere. RadMax’s RXGC would use the streaming NG to generate electricity or compressed air, either of which can be used to drive the valve actuator controllers. The NG that passes through the RXGC is returned to the sites NG collection system boosting production levels while eliminating methane venting into the atmosphere. The project is expected to involve several NGIF member companies and RXGC test sites.
The NGIF project and funding will be used by RadMax to accelerate the development and commercialization of the RXGC device. “The exposure to, and feedback from member companies is invaluable as we continue to fine tune the RXGC design and operational requirements,” explained Paul Porter, Chief Technology Officer of RadMax Technologies.
“We are excited that our technology was selected for funding and look forward to working with NGIF and its member companies. Our ability to offer economical cleantech alternatives for powering pneumatic controllers is a significant breakthrough for governments and producers looking to reduce methane emissions from the over three million NG producing wells globally,” explained Paul Chute, CEO of RadMax Technologies.
“The NGIF project will allow us to showcase the unique ability of the RXGC to capture both kinetic and pressure-volume energy from the depressurization of NG flowing from the well and convert it into electricity or compressed air. Having access to these alternative energy sources in remote locations to power equipment, eliminate greenhouse gas emissions, and increase NG production is attracting significant interest from oil and gas producers. The RXGC is efficient, compact and able to operate over wide pressure and flow ranges making it a perfect fit for this specialized application,” explained Lynn Petersen, VP Business Development of RadMax.
NGIF funding for this project is subject to a negotiated contribution agreement.
RadMax plans to market the RXGC device to global markets interested in reducing methane emissions from existing and future NG wells.
ABOUT REGI U.S., INC
RadMax Technologies, Inc., the wholly owned subsidiary of REGI U.S., Inc., is a research and development company in the mid stages of prototype testing towards commercializing a family of unique, axial vane devices built around a patented “common rotary core”. This common core can be easily configured into a broad range of innovative products that includes: gas expanders, compressors, pumps, and internal combustion engines / external combustion turbines. These devices can be utilized across numerous global markets and applications to recapture lost “Free” energy and help users improve efficiency, decrease size, weight and complexity in powering applications. In addition, they reduce their energy consumption, costs and greenhouse gas emissions (GHG’s) by using less energy, more efficiently. For more information, please visit www.radmaxtech.com
ABOUT NGIF:
NGIF is an industry-led, industry-funded, granting organization created by the Canadian Gas Association that seeks to accelerate cleantech innovation in the production, transmission, distribution and end-use of natural gas. In so doing, we aim to improve the environmental and economic performance of all in the sector. Our belief is that affordable, reliable, environmentally sound natural gas is a foundational fuel for Canada’s long-term well-being. www.ngif.ca
Paul369
5年前
This site still is listed with Reg Technologies, as its web site and all manor of contact too.
Reg Technologies, was sold over a year ago and does not exists anymore. the trading symbol
lives on with Regi U.S., Inc.
Same core technology, but a completely reorganized and rebuilt company as of 2016.
I've repeatedly tried to get the board to change the companies profile to the actual.
This is how the company should be listed:
Regi U.S., Inc. is the OTC:QB listed company, RGUS.
The wholly owned subsidiary is: RadMax Technologies, Https://www.radmaxtech.com
info@radmaxtech.com will get information to everyone within the company.
509-474-1040
7520 N. Market ST., #10
Spokane, WA. 99217
For what its worth, I put another profile update into the board.
Paul369
7年前
FYI, Check out more explanation on The RadMaxTech.com web site, under the News tabs.
REGRF was a dual listing on the OTC for the Canadian company, Reg Technologies (REG).Reg also traded on the TSX under the symbol RRE.
REG and all its assets were sold to Regi U.S., Inc., its sister company, for Regi U.S., Inc. common stock, (RGUS) in a Asset Purchase/Reverse Merger.
REG then distributed the RGUS Common stock to its shareholders in a Dividend distribution at 1.1 times the original shareholders holdings.
Your original 6700 shares are still valid, without any current value, within the "Empty Company - REG".
Technically REG (RRE & REGRF),is not a shell. Prospective buyers are discussing the purchase of REG and using its original shareholders to populate its new venture. More news about this over the next couple months. Your original cost basis still exists for tax purposes.
The 7370 dividend shares of RGUS will be a taxable event in the US. Form 8937. posted on the RadMax Web site, news/investor updates/March 27,2017 uses three different dates to establish suggested basis for the dividends value of $0.075 p/s. You have the option of writing off your original REGRF/RRE shares as "abandoned or worthless" by contacting your broker and having your shares removed from you portfolio.
Or, if you think the potential value of keeping your original REGRF/RRE shares hold more unknown potential then the tax consequences of the dividend, then that is a subject for you and your tax advisor.
Now, to the point of the 7370 shares still being held in your brokerage account without value and being listed with a cusip number. That continues to exist only with those brokerages that have failed to update their system, per instructions from our transfer agent, Nevada Agency and Transfer Company, NATCO.
The instruction were delivered to all brokerages on December 5th, 2017. Only a few brokerages are negligent and will need to contact Tiffany Baxter, our representative at NATCO for instruction on removing the Restrictive Legend, currently limiting the removal of the cusip legend on your REGRF/RGUS account. NATCO holds our corporate council's legal opinion to removal all restrictive legends.
This has been a problem with a number of smaller brokerages but once they are reminded to follow instructions, your account will be updated. Once everything is corrected, you should show two listing on your statement, One being your original REGRF with 6700 shares, Assuming you don't abandon them and 7370 shares of RGUS.
My take on your statement is correct: 1) You will have a taxable dividend. You/your tax advisor can determine if you write off your original REG stock.
2) Contact your broker and have them communicate directly with NATCO at 775-322-0626 to clean up the listing on you brokerage accounts.
Hope this helps
Cheers
$Pistol Pete$
8年前
$RGUS Successful Diesel Engine Compression Tests
Source: Access Wire
REGI U.S., Inc., dba / RadMax Technologies, Inc., ("RGUS" or "the Company")
SPOKANE, WA / ACCESSWIRE / April 7, 2015 / The Board of Directors of REGI U.S., Inc. (the "Company") (OTC PINK: RGUS) and its wholly owned subsidiary, RadMax Technologies, is pleased to announce the successful compression testing of our large diesel engine prototype.
Paul Porter, Vice President of Engineering, stated that numerous static and dynamic spin tests were conducted on the engine at various speeds in order to verify various mechanical and sealing aspects of the design, and to prove that the engine can successfully compress air to levels required for combustion.
The data showed that the engine would perform as expected, producing sustained combustion and net horsepower. The data and knowledge obtained during testing has proven to be invaluable to the ongoing design of several new prototype devices currently being developed for specific applications and customers. We are confident enough with the data obtained thus far that we are prepared to move forward to our first application specific engine prototype.
Paul Chute, President, confirms that these successful results open up multiple opportunities for co-development and business partnership as we continue rapid progress towards commercialization of our RadMax Technology.
See radmaxtech.com for more info.
ON BEHALF OF THE BOARD OF DIRECTORS
REGI U.S., Inc.
Paul W Chute
President and CEO
CONTACT:
253-514-6114
pchute@radmaxtech.com
7520 N. Market St., Spokane, WA. 99217
ABOUT REGI U.S., INC.
REGI U.S., Inc.is developing for commercialization an improved axial vane type rotary engine known as the 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 several capabilities allowing it to operate on fuels including gasoline, natural gas, propane, and diesel. For more information, please visit http://www.radmaxtech.com.
RELATED FILES
Compression test results
READER ADVISORY
Statements in this press release regarding the business of REGI U.S, Inc. which are not historical facts are "forward-looking statements" that involve risks and uncertainties. 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, 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. financial statements, management discussion and analysis and material change reports, 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 Company 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.
SOURCE: REGI U.S., Inc.
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