REGI U.S., Inc. Appoints Vice President of Marketing
VANCOUVER, British Columbia--REGI U.S., Inc. (OTCBB: RGUS)(FWB: RGJ) is pleased to announce that the Company’s board of directors has appointed Lynn Petersen as Vice President of Marketing for the RadMax™/Rand Cam™ technology.
Mr. Petersen has been involved with marketing management for over 12 years. Most recently he was Marketing Manager for three years at Jetseal, Inc., which manufactures high tech seals for aerospace, military, semiconductor, and nuclear industries.
Mr. Petersen will be responsible for managing marketing activities, and making presentations for the RadMax™ and Rand Cam™ technology, to major potential end users. He will also be researching, defining and optimizing new business markets for REGI U.S., Inc.
REGI U.S., Inc. will be opening up an additional office in Spokane, WA, under the management of Mr. Petersen.
ABOUT REGI U.S., INC. / REG TECHNOLOGIES INC.
REGI U.S., Inc. owns the U.S. rights to the Rand Cam™/RadMax™ rotary technology that is used in an engine that is a light weight rotary engine with only two moving parts: the vanes (up to 12) and the rotor, compared to the 40 moving parts in a simple four-cylinder piston engine. This revolutionary design makes it possible to produce a total of 24 continuous power impulses per one rotation that is vibration-free and extremely quiet. The Rand Cam™/RadMax™ engine also has multi-fuel capabilities and is able to operate using fuels including gasoline, natural gas, hydrogen, propane and diesel. Reg Technologies Inc., the parent company of REGI U.S., Inc., together with it, is in the process of testing a Rand Cam™/RadMax™ diesel engine for a generator application for hybrid electric cars and for unmanned aerial applications for the U.S. military. For more information, please visit www.regtech.com.
| ON BEHALF OF THE BOARD OF DIRECTORS |
| "John Robertson" |
| John Robertson |
| President |
Forward-Looking Statements
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.