Regi U.S., Inc. Plan of Action Update
October 29th, 2020
REGI U.S., Inc. (“REGI” or “RGUS” or "the Company")
The Board of Directors, Regi U.S., Inc. and its wholly owned subsidiary, RadMax Technologies,
Inc., announce the following updates to our phase 2 Plan of Action.
Our efforts to continue operations during this depressed economic time show progress along
several fronts:
? During October, we demonstrated in Texas our RadMax expander technology to
several Oil & Gas industry producers and related industrial equipment suppliers.
Our expander prototypes successfully ran both as stand-alone units and on
supplied test platforms providing proof of expected electrical energy conversion
from pressure differentials in gas flow.
? We have identified additional joint development and application opportunities.
? Our field trials have provided valuable data which is being used to improve
expander design in the areas of materials selection, vane performance, improved
generator efficiency, flow filtering requirements, control systems, and
application management.
? We continue to refine our expander designs for reducing methane emissions
leading up to commercialization of the product in mid to late 2021.
? Discussions on select projects with multiple parties are ongoing with the purpose
of accelerating the timeline for the introduction of commercial products.
? We are continuing to search for a strategic business relationship with a midlevel
manufacturing company who seeks to expand or diversify their product lines.
Based on “common core” technology, RadMax expander and compressor
products add efficiency to, and are suitable for use in various Oil & Gas industry,
HVAC, steam, waste heat recovery, water desalination/processing and other
industrial applications.
Our current financials do not have any material changes from those publicly reported in our 3rd
quarter fillings. Further balance sheet improvements are expected to be limited by the
continuing COVID-19 economic conditions.
We encourage all investors and interested parties to follow our progress routinely posted on
our website radmaxtech.com, and our RGUS listing on the OTC web site.
ON BEHALF OF THE BOARD OF DIRECTORS
Regi U.S., Inc.
Paul W. Chute
CEO, CFO
CONTACTS:
(509) 474-1040, x-101
pchute@radmaxtech.com
7520 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. For more information,
please visit radmaxtech.com.
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