Reg Technologies Inc.
Reg Technologies, Inc. owns the worldwide rights to the RadMax� rotary technology and REGI U.S., Inc. owns the U.S. rights. The Company's goal is to license the RadMax� technology and/or to participate in joint ventures to manufacture specific RadMax� applications.
In 2003, a license option agreement was completed with Radian Milparts and an improved version of the Rand Cam Rotary engine was developed and called the RadMax design, that now incorporates 12 vanes for superior power and efficiency. In December of 2005, all rights were assigned to REGI U.S. Inc. by Radian Milparts. The RadMax design patent is pending.
In November 2008, REGI U.S., Inc. signed an option agreement for a license for certain applications with a Fortune 1000 company to evaluate and design a working model diesel engine. REGI U.S., Inc. and the Fortune 1000 company are presently finalizing the RadMax engine design and will then move to the fabrication of a demonstration model engine.
At the 2009 Clinton Global Initiative annual meeting, the RadMax engine concept was presented and a commitment to CGI was accepted from the Company to complete and commercialize a light weight, fuel efficient engine that will reduce emissions up to 35% using gasoline as a fuel in automobiles and, if used in hybrid car applications, can be reduced up to 55% with a mileage of 54 miles per gallon and/or 76 miles per gallon respectively. Reg Technologies Inc.