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Engine, Rotor, Turbine,
Compressor, Expander, Pump,
Heat Pump, Gen-Set, Combined Cycle
SIMPLE... RadMax radically reduces the unique part count, reducing manufacturing, assembly, inventory, and maintenance costs.
EFFICIENT... RadMax delivers better than 1 HP per pound of engine weight and more than 1.5 HP per cubic inch of engine displacement.
COMPACT... RadMax engines, pumps and compressors are between 3 to 5 times smaller than comparable devices. Radmax devices will also weigh up to 3 times less than other engines, pumps or compressors of the same power rating.
POWERFUL... RadMax's compact size and high output result in up to 6 times the size and weight-savings over a piston engine of the same horsepower.
SMALLER CARBON FOOTPRINT... RadMax devices are some of the lightest and most efficient ever designed. Not only are they more fuel efficient than comparable output devices, they require a lower manufacturing footprint. This means less material, shorter manufacturing timeframes, fewer man-hours, and less weight for shipping.
| Country | Client Name | Agent Ref. # | Application # | Patent # | Title |
| CA | REGI U.S., INC. | 1153P12CA | 2,496,157 | 2,496,157 | Vane Type Rotary Appratus With Split Vanes |
| US | REGI U.S., INC. | 1153P14US | 11/705,580 | 7,896,630 | Axial Vane Rotary Device And Sealing System |
SPOKANE, Wash., Feb. 26, 2020 (GLOBE NEWSWIRE) -- REGI U.S., Inc. (“REGI” or “RGUS” or "the Company") (OTCQB:RGUS), The Board of Directors, Regi U.S., Inc. and its wholly owned subsidiary RadMax Technologies, Inc. (RadMax) are pleased to confirm initial field testing is underway for a RadMax prototype positive displacement natural gas expander-generator (RXG) at a natural gas producer development partner’s well site in the Southwestern USA.
The two kilowatt RXG is being evaluated on its ability to economically and reliably generate power under harsh wellsite conditions to be used for reducing methane emissions from existing pneumatic controllers, and to provide electrical power for site operations. Planned larger RXG units will also allow for the commercial sale of excess “green” generated power through the grid system. Testing is expected to continue through most of 2020 with different capacity and configuration RXG units installed at additional well sites. Results from these tests are expected to result in commercially available natural gas RXG products up to 500 kW in 2021.
Natural gas pressure pneumatic controllers are used as an economical way to operate valves, regulators and pumps all along the natural gas distribution system and are a major contributor of methane emissions in the natural gas industry. Conversion of these devices to be powered by electricity or compressed air would have a significant impact on the level of methane emissions and is seen by progressive Oil & Gas producers as an essential area for improved environmental stewardship and cost savings.
“Our ability to offer economical, reliable and cleantech alternatives for powering control, monitoring and communication devices is a significant breakthrough for regulators, producers and operators looking to reduce methane emissions from the over three million natural gas producing wells globally,” explained Paul Porter, RadMax Chief Technology Officer.
ABOUT REGI U.S., INC
RadMax Technologies, Inc., the wholly owned subsidiary of REGI U.S., Inc., is a research and development company in the mid stages of prototype testing towards commercializing a family of unique, axial vane devices built around a patented “common rotary core”. This common core can be easily configured into a broad range of innovative products that includes; gas expanders, compressors, pumps, and internal combustion engines / external combustion turbines. These devices can be utilized across numerous global markets and applications to recapture lost “Free” energy and help users improve efficiency, decrease size, weight and complexity in powering applications. In addition, reducing their energy consumption, costs and greenhouse gas emissions (GHG’s) by using less energy, more efficiently. For more information, please visit www.radmaxtech.com
Contact:
Regi U.S., Inc.
Paul Chute, CEO / Board Chairman
(509) 474-1040
info@radmaxtech.com
7520 N. Market St. STE # 10
Spokane, WA. 99217-7800
Press Contact: Paul Chute, CEO / Board Chairman, Regi U.S., Inc. (509) 474-1040, info@radmaxtech.com, 7520 N. Market Street, Suite 10, Spokane, WA 99217-7800
SPOKANE, Wash., Dec. 16, 2019 (GLOBE NEWSWIRE) -- REGI U.S., Inc. or RGUS (OTC:QB) The Board of Directors, Regi U.S., Inc. and its wholly owned subsidiary, RadMax Technologies, Inc. (RadMax) are pleased to confirm the Canadian Natural Gas Innovation Fund’s (NGIF) decision to fund a cleantech project utilizing RadMax technology to reduce methane emissions from oil and gas wells. The project will evaluate the ability of RadMax’s proprietary rotary, positive displacement Expander / Generator / Compressor (RXGC) to provide a non-greenhouse gas emitting alternative. Existing pneumatic controllers use natural gas streaming from the well to open and close valves, after which the methane gas is vented into the atmosphere. RadMax’s RXGC would use the streaming NG to generate electricity or compressed air, either of which can be used to drive the valve actuator controllers. The NG that passes through the RXGC is returned to the sites NG collection system boosting production levels while eliminating methane venting into the atmosphere. The project is expected to involve several NGIF member companies and RXGC test sites.
The NGIF project and funding will be used by RadMax to accelerate the development and commercialization of the RXGC device. “The exposure to, and feedback from member companies is invaluable as we continue to fine tune the RXGC design and operational requirements,” explained Paul Porter, Chief Technology Officer of RadMax Technologies.
“We are excited that our technology was selected for funding and look forward to working with NGIF and its member companies. Our ability to offer economical cleantech alternatives for powering pneumatic controllers is a significant breakthrough for governments and producers looking to reduce methane emissions from the over three million NG producing wells globally,” explained Paul Chute, CEO of RadMax Technologies.
“The NGIF project will allow us to showcase the unique ability of the RXGC to capture both kinetic and pressure-volume energy from the depressurization of NG flowing from the well and convert it into electricity or compressed air. Having access to these alternative energy sources in remote locations to power equipment, eliminate greenhouse gas emissions, and increase NG production is attracting significant interest from oil and gas producers. The RXGC is efficient, compact and able to operate over wide pressure and flow ranges making it a perfect fit for this specialized application,” explained Lynn Petersen, VP Business Development of RadMax.
NGIF funding for this project is subject to a negotiated contribution agreement.
RadMax plans to market the RXGC device to global markets interested in reducing methane emissions from existing and future NG wells.
ABOUT REGI U.S., INC
RadMax Technologies, Inc., the wholly owned subsidiary of REGI U.S., Inc., is a research and development company in the mid stages of prototype testing towards commercializing a family of unique, axial vane devices built around a patented “common rotary core”. This common core can be easily configured into a broad range of innovative products that includes: gas expanders, compressors, pumps, and internal combustion engines / external combustion turbines. These devices can be utilized across numerous global markets and applications to recapture lost “Free” energy and help users improve efficiency, decrease size, weight and complexity in powering applications. In addition, they reduce their energy consumption, costs and greenhouse gas emissions (GHG’s) by using less energy, more efficiently. For more information, please visit www.radmaxtech.com
ABOUT NGIF:
NGIF is an industry-led, industry-funded, granting organization created by the Canadian Gas Association that seeks to accelerate cleantech innovation in the production, transmission, distribution and end-use of natural gas. In so doing, we aim to improve the environmental and economic performance of all in the sector. Our belief is that affordable, reliable, environmentally sound natural gas is a foundational fuel for Canada’s long-term well-being. www.ngif.ca
SPOKANE, Wash., Oct. 16, 2019 (GLOBE NEWSWIRE) -- REGI U.S., Inc. (“REGI” or “RGUS” or "the Company") (OTCQB:RGUS), The Board of Directors, Regi U.S., Inc. and its wholly owned subsidiary, RadMax Technologies, Inc. (RadMax) are pleased to announce that a RadMax Expander / Generator (RXG) has been purchased for use in innovative green energy field trials scheduled to begin in early 2020. A purchase contract has been signed with an international Oil & Gas company (Customer) specifying delivery of the RXG by year end 2019.
“The purchase contract describes and confirms the Customer’s decision to collaborate with RadMax on the development of a custom designed RXG that uses pressurized natural gas to generate green energy to reduce overall energy consumption and costs. The RDX has the added advantage of reducing greenhouse (GHG) emissions and the company’s carbon footprint. While the details of the field trail are still being negotiated it is anticipated that the Customer will provide the test site, application specifications and onsite support personnel, while RadMax converts the application specifications into a customized RDX unit.” explained Paul Porter, Chief Technology Officer of RadMax Technologies.
“While the identity of the Customer and the details pertaining to the specific location and application are confidential, we can state that the project leverages RadMax’s patented rotary technology to extract energy from sources not compatible with incumbent technologies. This ability to generate green energy that would otherwise be lost, while also positively impacting the environment makes the technology extremely appealing to our Customer. Both companies anticipate that a successful field trial will pave the way for a much larger trial, of similarly sized devices and open the door to the development of RadMax devices for a variety of other “high interest” applications.” explained Paul Chute, CEO of RadMax Technologies
This natural gas project represents a significant milestone for the company as we continue to transition from in-house product development and testing, to product sales and customer funded field testing. We anticipate that additional projects will advance over the upcoming year as numerous Oil & Gas companies have expressed interest in our technology for a wide variety of applications. These applications range from, power generation from pressurized gas wells, pipelines, and storage vessels to using our unique expander / generators to power an innovative, low cost, water purification system to treat production water. All applications mentioned are environmentally friendly in that they either reduce energy consumption and operating cost, reduce our customers GHG emissions and carbon footprint, and / or provide a low-cost solution for purifying contaminated production water.
ABOUT REGI U.S., INC
RadMax Technologies, Inc., the wholly owned subsidiary of REGI U.S., Inc., is a research and development company in the mid stages of prototype testing towards commercializing a family of unique, axial vane devices built around a patented “common rotary core”. This common core can be easily configured into a broad range of innovative products that includes; gas expanders, compressors, pumps, and internal combustion engines / external combustion turbines. These devices can be utilized across numerous global markets and applications to recapture lost “Free” energy and help users improve efficiency, decrease size, weight and complexity in powering applications. In addition, reducing their energy consumption, costs and greenhouse gas emissions (GHG’s) by using less energy, more efficiently. For more information, please visit www.radmaxtech.com
SPOKANE, Wash., Oct. 01, 2019 (GLOBE NEWSWIRE) -- REGI U.S., Inc. (“REGI” or “RGUS” or "the Company") (OTCQB:RGUS), The Board of Directors, Regi U.S., Inc. and its wholly owned subsidiary, RadMax Technologies, Inc. (RadMax) are pleased to announce the signing of a memorandum of understanding (MOU) with Trans Gas Solution (TGS), a South Korean, global Liquefied Natural Gas (LNG) solution provider. The MOU was signed by executives of both companies while attending the Gastech 2019 Conference in Houston, Texas. It will be used to guide the development of RadMax rotary, axial vane devices for a variety of ground-breaking LNG projects and applications over the upcoming year.
“The MOU describes and confirms the companies’ decision to collaborate on the development of RadMax devices, custom designed for TGS’s intended applications. Those applications involve multiple devices encompassing a diverse group of LNG projects, including the highly publicized, LNG fuel bunkering infrastructure project,” explained Paul Porter, CTO of RadMax Technologies.
The LNG fuel bunkering project supports the International Maritime Organization’s (IMO) global initiative to implement more restrictive regulations on NOx and SOx emissions. Specifically, the IMO is implementing a 0.5% global sulphur cap on marine fuels starting January 01, 2020. To capitalize on the tightening regulations and the inherent environmental benefits of LNG, the industry must address the IMO’s concern that a seamless, global supply infrastructure does not currently exist. TGS intends to address this issue, starting in S. Korea by building an LNG fuel bunkering infrastructure that provides easy access to clean burning, lower cost LNG for all shipyards and ship operators of small to mid-sized vessels. A significant step toward establishing this infrastructure was made in March 2019, when TGS received an order from the S. Korean government’s Ministry of Oceans and Fisheries for the first LNG storage and bunkering barge, a key component of the prototype supply system to be built and tested.
"While the details pertaining to the number of projects and types of RadMax devices involved are confidential, we can state that all projects promote the environmental, cost and other beneficial properties of the RadMax devices and LNG to reduce GHG emissions and / or re-capture energy from sources not viable with incumbent technologies. RadMax is eager to begin work on this exciting collaboration with TGS to demonstrate the value and versatility of our devices and LNG," stated Paul Chute, CEO of RadMax Technologies.
ABOUT REGI U.S., INC
RadMax Technologies, Inc., the wholly owned subsidiary of REGI U.S., Inc., is a research and development company in the mid stages of prototype testing towards commercializing a family of unique, axial vane devices built around a patented “common rotary core”. This common core can be easily configured into a broad range of innovative products that includes; gas expanders, compressors, pumps, and internal combustion engines / external combustion turbines. These devices can be utilized across numerous global markets and applications to recapture lost “Free” energy and help users improve efficiency, decrease size, weight and complexity in powering applications. In addition, reducing their energy consumption, costs and greenhouse gas emissions (GHGs) by using less energy, more efficiently. For more information, please visit www.radmaxtech.com
ABOUT TRANS GAS SOLUTION
Trans Gas Solution (TGS) is a privately owned, South Korea based liquefied natural gas (LNG) solution provider founded in 2014. Trans Gas Solution, is the leader of South Korea’s liquefied natural gas (LNG) industry by providing gas engineering, procurement, and commissioning services, LNG fuel gas supply system, operator training systems, floating LNG power plants, and by developing marine LNG bunkering solutions to provide easy access to LNG fuel gas to shipyards, ship owners and ship operators. TGS is also an industry leader in designing and building LNG equipment as well as conducting R&D in order to provide advanced solutions to some of the LNG industries most pressing problems. For more information, please visit www.transgas.co.kr
SPOKANE, Wash., Sept. 19, 2019 (GLOBE NEWSWIRE) -- REGI U.S., Inc. (“REGI” or “RGUS” or "the Company") (OTCQB:RGUS), The Board of Directors, Regi U.S., Inc. and its wholly owned subsidiary, RadMax Technologies, Inc. (RadMax) provide shareholders, and other interested parties with a 2019 progress report, as well as a first look at 2020.
Paul Chute, CEO and Board Chairman, stated that “As we close the books on another fiscal year, it is important to congratulate and thank RadMax employees and shareholders for their patience and support. The past year will undoubtedly be one of the most important in the company’s history as it marks our transition from in-house product R&D, to the sale and delivery of our first expander generator, two (2) large OEM funded white paper projects, numerous customer funded expander demonstration projects being negotiated, as well as a co-development project underway for the construction and testing of a RadMax internal combustion engine. This dramatic transition clearly supports our decision to focus internal resources on expander development while outsourcing engine development to a co-development partner. The end result is that we are now negotiating expander trials with numerous companies that represent diverse industries, markets, applications, and geographies. RadMax plans to raise the bar again in 2020 by converting these demonstration projects into recurring customers, increasing revenue and company growth. Focus will also be on securing a Strategic partner to support and accelerate company expansion.”
2019 Highlights include projects with:
Co-Development Projects in Progress:
Intellectual Property Update:
Additionally, work has begun on the donated Carrier, state-of-the-art, 10-ton commercial air conditioner / chiller, to install and test a RadMax expander / generator. The objective is to improve the systems coefficient of performance (COP) by 5 to 15%. If fully implemented in all relevant air conditioning and refrigeration applications, 50 – 150 billion kWh of electricity worth $5 - $15 billion and up to 150 million metric tons of CO2 fossil fuel related emissions could be eliminated annually in the U.S. alone. We are very appreciative of Carrier’s interest and guidance as we define and test several expander and / or generator operational configurations to define the most attractive options from a performance and cost perspective.
Challenges to maintain and accelerate our momentum in 2020?
In order to maintain and accelerate our product development and commercialization programs we require the support of a strategic partner. Specifically, a partner to fund ongoing product development programs, the expansion of our engineering and manufacturing capabilities, as well as our growing list of customer driven, proof-of-concept field trials.
ABOUT REGI U.S., INC
RadMax Technologies, Inc., the wholly owned subsidiary of REGI U.S., Inc., is a research and development company in the mid stages of prototype testing towards commercializing a family of unique, axial vane devices built around a patented “common rotary core”. This common core can be easily configured into a broad range of innovative products that includes; gas expanders, compressors, pumps, and internal combustion engines / external combustion turbines. These devices can be utilized across numerous global markets and applications to recapture lost “Free” energy and help users improve efficiency, decrease size, weight and complexity in powering applications. In addition, reducing their energy consumption, costs and greenhouse gas emissions (GHG’s) by using less energy, more efficiently. For more information, please visit www.radmaxtech.com
Paul has over 45 years of executive experience building or restructuring over 25 private and public companies. He specializes in Governance, Business Plans, Financing, Corporate Structure, Systems and Operational Functionality. A strong believer in team management, Paul believes in cooperative processing with accountability. He previously served as CEO, of Regi U.S., Inc., and the associated companies Reg Technologies, Rand Energy Group, Inc. and Minewest Inc., from its June 2016 restructuring until April, 2018. Mr. Chute has also served as CEO, CFO and Board Chairman for multiple companies including Acadia National Health Systems, and Western Maine Health Care, and has served on multiple affiliated companies, civic boards and organizations. He earned his MBA in Business Management from Husson University and a BS in Accounting from the University of Maine. Mr. Chute also held advanced certifications as a Diplomat of the American College of Health Care Executives and a Fellow in the Health Care Financial Management Association, from which both he has retired.
Paul has been a hands-on engineer and manager for over 30 years. Founder and former president of Jetseal, Inc., a manufacturing firm specializing in cutting-edge seal design and other aerospace technologies, Paul now serves as Managing Partner and Chief Engineer at P.A. Industries, in addition to his work on the RadMax Rotary Cycle. He has an MBA from McNeese University and BS in Mechanical Engineering from Brigham Young University.
An accomplished marketer and new product strategist, Lynn has over 30 years of leadership experience in technical sales, marketing, customer service, and business development management. He has worked with clients in the mining, industrial chemical, electronics, aerospace, and capital equipment industries. Lynn has a Masters of Science in Economics & Agricultural Engineering and a BS in Mechanized Agriculture from South Dakota State University.
Wes is a Machinist with a diversified background in welding, drafting, machine operation and metals fabrication. Carrying the ethics of hardworking entrepreneurship from his farm and ranch origins in Montana he has worked in various engineering, R&D and manufacturing environments. He holds an AAS in Metals Fabrication from Montana Tech where he also took part in the Undergrad Research Program for smog reduction in combustion engines. When not at work or in his home shop, he and his wife are skiing, biking or caring for their newborn.
Darin has been a mechanical engineer in various capacities for nearly 30 years. Working for both large companies and small, Darin has a wide-range of experience in the energy field. His efforts have helped improve performance and longevity of nuclear fuels in-reactor, as well as further the development of Stirling cycle-based power generators. He has a MS and BS in Mechanical Engineering from Washington State University.
Dr. Capobianchi is Professor of Mechanical Engineering at Gonzaga University and the department chair. His professional experience includes 10 years as a practicing mechanical engineer in industry and more than 20 years in academia. He has worked as a mechanical design engineer in the electronics field. He earned his BE, MS in Mechanical Engineering, and PhD in Mechanical Engineering from State University of New York.
Ron is a retired oil and gas engineer who has worked internationally for Mobil then ExxonMobil. He has alternated between engineering and operations positions both offshore and onshore in Canada, Nigeria, Indonesia, Scotland, the U.S. and Equatorial Guinea. Ron began his career in research and is named on two patents. He holds a MS in Metallurgical Engineering from the University of Alberta.
Products and Applications
RadMax Compressed Gas Expander
The RadMax compressed gas expander is a positive-displacement device that is uniquely able to capture both kinetic and pressure-volume energy and convert it to rotational power in compressed gas expansion applications. This power can then be used to drive other devices such as compressors and electrical generators. Additional efficiency can be gained by incorporating electric power generation directly into the gas expander.
Key Advantages:
| ? | Able to efficiently expand low density gases | |
| ? | Developed torque can be used to internally generate electricity or drive an external device | |
| ? | Variable expansion ratios possible | |
| ? | Able to achieve higher work efficiencies at lower speeds | |
| ? | Easily scalable from small to large devices | |
| ? | Use can decrease electricity consumption in the USA by $5 to $15 billion. | |
| ? | Use can reduce carbon dioxide emissions by over 100 million tons in the USA alone. |
Applications:
The RadMax gas expander, when paired with a generator can replace less efficient devices such as the throttling valves in air conditioning and refrigeration systems. The incumbent free gas expansion valves and mechanical throttling valves are not capable of capturing available pressure energy. The RadMax compressed gas expander is also used as the turbine component in the RadMax expander engine, it is used to capture lost energy in natural gas pipelines and throttling stations, and is used to generate electricity from flare gas, solar, and geothermal sources.
We are currently focused on designing and building prototype devices targeted for use in the air conditioning / refrigeration and natural gas distribution industries. When used these devices can significantly reduce electric power requirements and associated carbon dioxide emissions. RadMax is currently partnering with the DOE via PNNL on a variety of Solar Energy Technology Office (SETO), Geothermal Technology Office (GTO), and Building Technology Office (BTO) grant proposals and projects.
RadMax is also actively soliciting industry leading corporations to evaluate and commercialize these products in their current and future product designs. Several of these companies are supporting the proof of concept projects underway with the DOE and PNNL.
RadMax Compressor
The RadMax positive displacement compressor incorporates the advantages of both positive displacement and centrifugal compressors by utilizing the volumetric energy of a positive-displacement compressor and the kinetic energy of a centrifugal compressor to pressurize a gas. A combination of four distinct sections, this unique design allows for each section to be configured with a different compression ratio and allows multi-stage compression in one device.
Key Advantages:
| ? | High internal compression ratios possible | |
| ? | High volume output to size ratio |
| ? | Able to efficiently compress low density gases | |
| ? | Better handle entrained liquids in compressed gases (2 Phase) | |
| ? | Compressors are easily scalable from small to very large |
Additionally, the inherent design of the RadMax sliding vane principle lends itself to better handle two-phase (liquid/vapor) fluids, improved efficiency for enhanced refrigeration and steam cycle applications all of which are targeted end uses.
RadMax is also actively soliciting industry leading corporations to evaluate and commercialize these products in their current and future product designs. Several of these companies are supporting the proof of concept projects underway with the DOE and PNNL.
Applications:
Compressing refrigerants for industrial, commercial, residential and automotive air conditioning systems; industrial gas compressing; natural gas field and pipeline gas compression; low density gas to high pressure. The RadMax compressor is being tested in DOE SETO and GTO projects that use metal Organic Framework Materials (MOF’s) as sorbents fix a thermal compressor and for a novel dehumidification/carbon dioxide capture system. The RadMax compressor is used to pull a vacuum on these sorbents which dramatically improves loading / unloading efficiency significantly increasing productivity while lowering the cost of the process.
RadMax Combined Function Devices:
A unique attribute of the RadMax technology is the ability to combine more than one machine function into a single device. The combined function device is comprised of two cams connected by a common driveshaft in a single housing. By using separate vane actuator systems, it is possible to have two separately functioning cam cycles (i.e. engine, pump, compressor, or gas expander) in the same device.
Key Advantages:
| ? | Increased design flexibility and functionality | |
| ? | Compact size with high performance | |
| ? | Reduced size, weight, parts count and cost | |
| ? | Rapid field change-out capability | |
| ? | Scalable from small to very large devices | |
| ? | Can utilize Brayton, Rankine and Organic Rankine cycles |
Applications:
RadMax external combustion engines, applications with limited space and weight restrictions such as auxiliary and backup power generation, waste heat recovery, portable pumps, compressors, generators, and compressed gas system throttling energy recovery for A/C and refrigeration systems.
RadMax Pump
The RadMax positive displacement pump pairs the high-volume capacity of positive displacement pump with the simplicity and efficiency of a centrifugal pump. A RadMax pump is able to utilize the volumetric displacement energy of the fluid and the kinetic energy of the vane action. This results in an extraordinarily energy efficient pump. A combination of four distinct sections, this unique design allows for different pumping actions or flow rates/streams in one device.
Key Advantages:
| ? | Creates high output volume to size and weight ratios | |
| ? | Better handling of gas-entrained liquids | |
| ? | Self-priming & auto re-priming | |
| ? | Can operate as a boost or lift pump | |
| ? | Multiple smooth pumping actions per rotation | |
| ? | Scalable from small to very large devices |
RadMax has actively pursued the development of the RadMax pump by offering an exclusive license, to make and sell these devices, in return for their product development funding.
Applications:
Because of its efficient, high-volume output, the RadMax pump is well suited for fire protection; water and flood control; irrigation; marine; water treatment; oil and gas industry down hole and subsea; industrial processes; heavy industry and construction; and portable pump applications.
RadMax Internal / External Combustion Engines:
We believe that the RadMax internal and external combustion engines can achieve improved fuel and mechanical efficiencies when compared to traditional combustion engine designs, based on the inherently efficient design and thermodynamic characteristics of the engine. A higher expansion to compression ratio is possible with our internal combustion engine design resulting in increased fuel efficiency.
The RadMax engine is characterized by high torque, compact size, and a high horsepower-to-weight ratio, making it an ideal option for various transportation, and power generation applications. Long service life, low power-to-weight ratio, and increasing environmental concerns and regulations are prompting a second look at the viability of gas turbine engines for more mainstream applications. A gas turbine engine’s optimized combustion produces fewer total emissions than internal- combustion engines. However, their lower operating efficiencies and higher operating and capital costs are impediments to their increased use.
A RadMax “external” combustion expander (turbine) engine incorporating RadMax’s higher efficiency, positive displacement compressors and gas expanders, coupled with an optimized external combustor, can significantly improve fuel and energy extraction efficiency over existing gas turbine engines. Having true “multi-fuel” capability, the RadMax turbine engine would be well suited for hybrid engine and power generation applications. We are seeking co-development partners to move further engine development forward.
Key Advantages:
| ? | Compact size & weight (~25% of comparable hp piston) | |
| ? | High power to weight ratio (>1 hp/lb) | |
| ? | High internal expansion ratios possible | |
| ? | Continual, smooth rotary motion | |
| ? | Easily scalable 20 – 1,500hp | |
| ? | Low part count and fewer moving parts; conducive to rapid change-out replacement, reduced maintenance costs and increased reliability |
Applications:
Primary and backup power generation; automotive & truck, aviation, marine and industrial applications prime mover; hybrid vehicles
Patents
As at April 30, 2019 and the date of this report, we have the following patents (issued, pending, & provisional:
| ? | REGI U.S., INC. 2011. “Axial Vane Rotary Device and Sealing System”. Patent No.: 7,896,630, US. |
| ? | REGI U.S., INC. 2013. “Vane Type Rotary Apparatus with Split Vanes”. Patent No: 2,496,157, CA. |
| ? | REGI U.S., INC. 2017. “Electricity Generator and Methods for Generating Electricity”. Patent Application No.: 15/669589, US. |
| ? | REGI U.S., INC. 2017. “Prime Mover Assemblies and Methods”. Patent Application No.: 15/669,625, US. |
| ? | REGI U.S., INC. 2017. “Rotary Devices Having Variable Compression and Expansion Ratios”. Patent Application No. 15/946,068, US. |
| ? | REGI U.S., INC. 2018. “Prime Movers, Pumps and Compressors Having Reciprocating Vane Actuator Assemblies and Methods”. Patent Application No.: 15/946,147, US. |
| ? | REGI U.S., INC. 2018. “Modified Two Phase Refrigeration Cycle”. Patent Application No. 16/284,923 US. |
| ? | REGI U.S., INC. 2018. “Modified Two Phase Steam Cycle”. Patent Application No.: 16/258,929, US. |
Recent Developments
Grid Adapting Power, Cooling, and Desalination System for Geothermal Resources:
We are partnering with PNNL on a water desalination grant proposal as well as a HARP desalination plus power generation grant proposal from the DOE. These projects utilize RadMax expanders and compressors to increase overall efficiency and lower the Levelized Cost of Water (LCOW) to approximately half what the average municipality pays in the USA. Such projects allow us to construct a proof-of-concept device that can then be used to demonstrate the inherent advantages of our technology to OEM’s in the refrigeration, A/C, cold storage, and natural gas transportation / distribution industries. The expander will be used to power a generator on the HARP system pilot plant prototype at PNNL. The HARP system uses a low-quality heat source such as solar, geothermal, or waste process heat to generate electricity to either generate electricity or potable water dependent on market needs and economics.
Natural Gas Industry Gas Expander Demonstration Project Negotiations
Ongoing communications continue with a major private natural gas production company to develop a demonstration project utilizing the RadMax expander for generating electricity from pressure letdown points along natural gas pipelines. The RadMax expander is able to capture some of the energy normally lost by the “throttling” pressure relief valves it is designed to replace and convert that energy into electricity or shaft power. Replacing the “non-energy generating” throttling pressure relief valves along global natural gas distribution networks has the potential to generate billions of dollars of electricity and save millions of tons of CO 2 emissions.
Air Conditioning / Refrigeration System OEM Collaboration
Collaborations have begun with leading OEM’s in the refrigeration / cooling / cold storage industry to define specifications, economics and performance requirements for the adoption of RadMax expanders and compressors into their system designs. A large A/C, cooling OEM has agreed to donate A/C equipment to facilitate refrigerant based testing at our Spokane testing facility.
Completed Spin Testing of the RadMax 375 hp Diesel Engine.
Pre-combustion spin testing of the 375 hp diesel engine was successfully completed. Mechanical and compression test results were all found to be within expected ranges. Additional components will need to be designed before combustion tests can be initiated. Due to the expensive and time-consuming nature of introducing and integrating new technologies into the North American automotive industry all future development efforts have been placed on hold until a suitable co- development partner can be found.
Expanded Technical Staff
Increased interest in our products and accelerated product development activities resulted the hiring of two fulltime engineers. These additions to our staff not only allow for faster product development, but also reduce our reliance on outside consultants and machine shops.
New Corporate Officers
On March 27, 2019, Paul Chute came out of retirement and was appointed Chief Executive Officer after having been appointed its Chief Financial Officer of the Company on September 30, 2018. On April 30, 2019, Lynn L. Petersen was appointed to the position of Vice President of Business Development and appointed to the Company’s Board of Directors.
Expander Performance Modeling
Expander and compressor configuration, performance and design modelling has been extensively utilized to maximize our resources while reducing cost and the number of device iterations milled during the product development and testing process. Additionally, comprehensive modeling has used to design and develop two-phase fluid (vapor / liquid) capability to our expanders and compressors.
Natural Gas Meter Power Module Proposal
Initial discussions have been initiated, under a Non-Disclosure Agreement (NDA) with a major, North American based utility metering OEM about developing a demonstration gen-set device for residential and commercial natural gas meters. Smart gas meters that are able to remotely communicate gas consumption and meter status are quickly being adopted by global utilities. Current smart meters require the use of a non-recharging battery to power the meter limiting its functionality and requiring periodic replacement. In the same manner as at other locations along the natural gas distribution system, a RadMax expander at residential and commercial installations is able to generate enough electricity from the gas flow through the meter to not only charge the smart meter’s battery, but also expand the functionality of the meter. In higher gas use residential, commercial and industrial installations, enough electricity is generated to justify the cost of putting the excess electricity back into the electrical grid, reducing the net cost of the gas and reducing utility electricity generation requirements.
Competition and Alternative Technologies
We currently face and will continue to face pressure from established companies that desire to develop, manufacture and sell products that offer the same advantages as our devices. While currently, not a highly competitive business, in terms of the number of competitors, the business of developing innovative lower cost, higher efficiency, and higher performing technologies is nonetheless difficult because most existing producers are large, well-financed, and have an established market presence that they will aggressively defend. For these reasons we are more inclined to initially manufacture and sell devices to demonstrate proof-of-concept after which time we plan to contract manufacture, sell licenses to applications / geographies, and / or sell our IP / company. The development of our business and its ability to maintain its competitive, and technical position will continue to depend upon our ability to attract investors and to retain qualified; engineering, financial, and managerial personnel.
Our guiding business strategy is to develop RadMax technology products for applications that are either looking for a solution, or where our product offers significant advantages in performance and / or financially over incumbent products. This strategy implies that our co-development industry partners will be “early adopters” looking for new “green” products to enhance their market position, broaden their product line, and increase their market share and margins.
Environmental Matters
Laws and regulations relating to protection of the environment have not had a material impact on our business.
Availability of Raw Materials
Since we only intend to manufacture prototype devices used to demonstrate proof-of-concept, raw materials are not a major concern. That said, it is important to note that a key responsibility during the design of any prototype is to always consider raw material function, performance, availability and cost, to ensure that the device performs as designed and achieves projected cost targets. Once proof-of-concept is achieved it is our intention to contract out manufacturing to increase efficiency and production capacity, while reducing lead times and material costs. At this time, using current materials of construction, there does not appear to be any foreseeable problem obtaining any materials or components.
Marketing Strategy
Over the past two years we have built prototypes of the compressed gas expander, as well as an internal combustion diesel engine. Since it is extremely difficult, time consuming and expensive to gain traction in the internal combustion engine markets we have focused our efforts on producing proof-of-concept gas expanders and / or generators targeted for the air conditioning, refrigeration, and power generation markets. Specifically, we intend to introduce innovative new devices that capture lost energy that can be sold back into the grid, used to power Smart devices, used to recharge batteries, or used to power parasitic devices, all of which significantly reduce energy consumption / operating costs. Our devices capture some of the energy lost in the compression phase of these cycles by generating electricity or torque during the expansion (let down) portion of the cycle. We are currently collaborating with the PNNL on several DOE grants that are focused on improving efficiency and / or decreasing operating costs in the refrigeration and power generation markets. Our goal is to develop a demonstration expander- generator that is compatible with refrigerants used in air conditioning, refrigeration, and refrigerant based ORC systems. These ORC systems use a low temperature heat source such as solar, geothermal, or other waste process heat for power to drive a wide variety of power generation, refrigeration, air conditioning, and water desalination / purification applications. Additionally, slightly modified versions of the same device can extract megawatts of “lost” power by replacing throttling valves on compressed natural gas pipelines, or significantly improve the efficiency of steam power plants by reducing fossil fuel consumption and the associated CO2 emissions.
Our marketing plan is to develop prototype expanders for the wide range of refrigeration applications, quickly followed by a line of expanders for the natural gas transportation industry. These devices are very energy efficient as they capture some of the energy lost in the compression cycle. That captured energy is then used to power Smart and / or parasitic devices or allow for the sale of the power back to the utility. We plan to manufacture the initial proof-of-concept devices in order to gain traction in these markets before either moving to a contract manufacturer, licensing the technology for each potential market / geographic area, or selling the company. In order to continually evolve the technology RadMax intends to design, manufacture and sell custom devices into specialty, lower volume, high value applications through the use of inhouse and third-party manufacturing. We are currently focused on capitalizing on the RadMax expander’s unique capability to capture and covert, to usable work normally “lost” energy by pressure regulating throttling valves. The use of this energy can contribute significantly to the overall efficiency and operating cost structure of the host system. We have identified air conditioning/refrigeration and natural gas distribution applications as high value market targets. We are consequently working with the DOE and PNNL as well as industry OEM’s in these two areas to develop demonstration projects for our technology.
RadMax Marketing Objectives are to:
| A. | Market to high volume OEM’s using performance data extracted from a series of pilot plant trials to encourage them to tailor the design for incorporation into existing and next generation systems / products. | |
| B. | Manufacture our devices in-house for the short-term and as volumes increase through third parties, for sale to OEMs to be incorporated into their products. | |
| C. | RadMax plans to design and sell directly into niche markets in order to keep evolving and expanding the technology. | |
| D. | License the technology to high volume manufacturers who prefer to manufacture our devices themselves or through their existing supply channels. | |
| E. | Sell the technology rights to specific markets and / or geographies. | |
| F. | Sell the entire company to a qualified buyer once the technology has traction in targeted markets. |
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