VANCOUVER, British Columbia, Jan 03, 2007 (BUSINESS WIRE) --
REGI U.S., Inc. (the "Company" or "REGI"") (OTCBB:RGUS) (FWB:RGJ)
has successfully completed a statement of work agreement with an
engineering, prototyping, and manufacturing services company to
complete a working model RadMax(TM) pump.
The Phase I program is to design, demonstrate, and deliver a
prototype RadMax(TM) pump within 16 weeks. The goal for the work
program is to complete a pump suitable for supporting demonstration to
potential customers and to prove that the RadMax(TM) pump is a
positive displacement device, capable of processing approximately
twice its internal volume every revolution, which means that a
production unit could be half the size and weight of any competitive
unit.
The Phase II program will be to design and demonstrate a working
model RadMax(TM) compressor to prove the same efficiency as the
RadMax(TM) pump, which will be half the size and weight of any
competitive centrifugal compressor.
John Robertson, President of REGI U.S., Inc., states, "The pump
and compressor market in the United States is an $18 billion market
annually."
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