REGI U.S., Inc. Files Patent for Increased Steam Cycle Efficiency by Using RadMax Two-Phase Expander and Compressor
22 Febbraio 2018 - 4:55PM
InvestorsHub NewsWire
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.
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