Rand Cam Oil Pump Budget Approved by Ford Motor Co. for 1999
4 January 1999
Rand Cam Oil Pump Budget Approved by Ford Motor Co. for 1999
VANCOUVER, British Columbia--Jan. 4, 1999--Reg Technologies Inc. (OTC BB:RGUS) has received confirmation that Ford Motor Co.'s Advanced Vehicle Technology department has approved budgeted resources for 1999 to further evaluate the Rand Cam(tm) oil pump for use in automobile transmissions.
The company will supply the test hardware for evaluation, a set of drawings for the hardware with production intent tolerance material requirements, and answer any issues that may arise during the evaluation. Ford will evaluate the functional, manufacturing, and cost aspects of the Rand Cam(tm) oil pump for production intent.
The oil pump testing to date indicates the following:
-- The Rand Cam(tm) oil pump is up to 20% more efficient in volumetric performance than the current oil pumps used today in automobile transmissions.
-- The Rand Cam(tm) oil pump was much quieter at all speeds and pressures than the existing pumps.
-- The Rand Cam(tm) oil pump was designed with four separate pumping chambers resulting in increased performance and fuel economy while decreasing cooling requirements - all highly desirable attributes.
The Ford program is designed to evaluate a production intent Rand Cam(tm) Automobile Transmission oil pump during 1999.
The Vancouver Stock Exchange has neither approved nor disapproved of the information contained herein.
All forward-looking statements made by RGUS involve material risks and uncertainties and are subject to change based on factors beyond RGUS's control. Accordingly, RGUS's future performance and financial results may differ materially from those expressed or implied in any such forward-looking statements. Such factors include, without limitation, those described in Nexas' filing with the United States Securities and Exchange Commission. RGUS does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized.