Based on the successful completion of the Joint Venture, being the development and successful testing of a working prototype of the Bus Compressor, Trans Air shall have the exclusive right and shall use its reasonable efforts to market, merchandise, sell and exploit the Bus Compressor within the markets or geographical areas in which Trans Air, in its sole option and discretion, believes such efforts would be appropriate.
The Rand Cam(TM) engine compressor is a unique rotary design, which will be a very small, efficient and smooth-running compressor that should require very little maintenance due to the simplicity of the design.
Trans Air Manufacturing Corporation, founded in 1979, has successfully manufactured and supported the highest quality transportation air conditioning systems in the industry using a single premise, which is to make a quality product and stand behind it. Trans Air has developed an enviable reputation as one of the largest manufacturers of air conditioning systems. Further information about the company is available at http://www.transairmfg.com/.
About REGI U.S., Inc. / Reg Technologies, Inc.
Reg Technologies, Inc. owns the worldwide rights to the Rand Cam(TM) rotary technology excluding the U.S. rights, which are owned by REGI U.S., Inc. 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. The Company has also built a compressor for air conditioning units for buses. Radian MILPARTS (REGI Licensee) is currently planning tests for the 42 H.P. Diesel Engine at the Naval Air System Command (NAVAIR) to be used for unmanned vehicle systems. For more information, please visit www.regtech.com.
ON BEHALF OF THE BOARD OF DIRECTORS
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.
www.regtech.com
