REGI U.S., Inc. Files Patent for Increased Steam Cycle Efficiency by Using
RadMax Two-Phase Expander and Compressor

 

Spokan WA. -- February 22, 2018 -- InvestorsHub NewsWire -- The Board of Directors, Regi U.S., Inc. ("REGI" or "RGUS" or "the Company") REGI U.S., INC. www.radmaxtech.com and its wholly owned subsidiary, RadMax Technologies, Inc., announce that a provisional patent application has been filed with the U.S. patent office for the use of RadMax two-phase compressors and expanders to increase the efficiency of Rankine cycle steam electricity generation plants.

According to the U.S. Energy Information Administration (EIA), approximately 85% of electricity produced in the U.S. was generated by steam power plants in 2016. Analysis shows that the use of Radmax two-phase expanders and compressors can potentially increase overall plant efficiency by an average of 16% for power plants using steam to produce electricity. If RadMax devices were implemented in all relevant plants, approximately 1.7 billion equivalent barrels of oil, and about 560 million metric tonnes of CO2 emissions could be saved annually in the U.S. Or, annual electricity production could be increased 1.5 billion kWh at current fuel consumption levels. Current analysis estimates a payback period of 2 5 years for retrofitting RadMax equipment in applicable plants.

RadMax Technologies recently filed a concept paper on the use of RadMax two-phase compressors and expanders for increased steam power plant efficiency in response to a Department of Energy announcement that funds are available for the development of new high-potential, high-impact energy technologies.

We encourage all investors and interested parties to follow our progress routinely posted on our website www.radmaxtech.com

ON BEHALF OF THE BOARD OF DIRECTORS

Regi U.S., Inc.

Paul Chute, CEO

CONTACTS:

(509) 474-1040

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. 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

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, 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.

 

Grafico Azioni REGI US (CE) (USOTC:RGUS)
Storico
Da Nov 2024 a Dic 2024 Clicca qui per i Grafici di REGI US (CE)
Grafico Azioni REGI US (CE) (USOTC:RGUS)
Storico
Da Dic 2023 a Dic 2024 Clicca qui per i Grafici di REGI US (CE)