ACCESS Newswire
19 Sep 2022, 19:26 GMT+10
SPOKANE, WA / ACCESSWIRE / September 19, 2022 / REGI U.S., Inc. ('REGI' or 'RGUS' or 'the Company') (OTC PINK:RGUS). The Board of Directors, Regi U.S., Inc. and its wholly owned subsidiary RadMax Technologies, Inc. (RadMax) are pleased to announce the initial round of funding for the development of a new engine concept for hybrid vehicles, power generation and defense applications.
A Texas equity group is providing Phase 1 funding for development of the RadMax Hybrid Cycle Engine (HCE) that includes third party review of thermal and dynamic modeling, preliminary design, and business case review of the RadMax design.
The RadMax HCE is a closed-loop Brayton Cycle engine consisting of a RadMax low speed positive displacement expander and compressor, high efficiency and low-emissions burner, commercially available heat exchangers, and utilizes a superheated working fluid optimized for increased heat transfer and reduced components size. Utilization of a low-pressure burner to heat the working fluid rather than combustion in the working fluid increases fuel efficiency, reduces NOx emissions and allows for the use of any existing or new liquid, gaseous or renewable fuel including hydrogen.
Preliminary modeling predicts that the HCE can potentially have about the same efficiency and performance with no emissions burning hydrogen as a hydrogen fuel cell, and potentially have about the same life-cycle CO2 footprint burning current fossil fuels as a battery electric vehicle (BEV) charging from the grid at the current US average. At an estimated one-third to one-half the size and weight of conventional internal combustion engines, the HCE can be an economical power alternative by offering significant greenhouse gas emission reductions using existing fuels and infrastructure.
According to RadMax Chief Technology Officer, Paul Porter, 'the RadMax HCE's positive displacement, lower speed and pressure design addresses the traditional turbine engine shortcomings of large airflow and excessive heat transfer losses, low fuel use efficiency, poor startup time and throttle response, and high temperature, noise level and vibration issues'.
Analysis shows that there is a large potential market for this type of engine for extended operating hour operation hybrid electric vehicles (HEV) in long-haul trucking, construction, mining, and agriculture applications, and stationary backup power.
RadMax is seeking additional joint development partners for Phases 2 and 3 of the development programs which includes building and testing prototype and demonstration engines leading to commercialization of the engine.
About REGI U.S., Inc.
RadMax Technologies, Inc., the wholly owned subsidiary of REGI U.S., Inc., is a research and development company focused on creating new, disruptive technologies that are more efficient, compact, and cost-effective than those currently available, and is developing and commercializing high efficiency engines, compressors, expanders and pumps for civilian, commercial and government applications based on our patented RadMaxTM axial vane-type rotary technology.
FORWARD LOOKING STATEMENTS:
Statements in this press release regarding the business of RadMax Technologies, Inc. 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.
CONTACTS:
Lynn Petersen, VP Business Development
[email protected]
(509) 474-1040, ext. 103
Paul W. Chute, CEO
(509) 474-1040, ext. 101
7520 N. Market St. STE #10
Spokane, WA. 99217-7800
SOURCE: REGI U.S., Inc.
Get a daily dose of BC Post news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to BC Post.
More InformationISTANBUL/PARIS/BRUSSELS: As searing temperatures blanket much of Europe, wildfires are erupting and evacuation orders are being issued...
VENICE, Italy: Over the weekend, hundreds of protesters marched through the narrow streets of Venice to voice their opposition to billionaire...
PARIS, France: France is taking stronger steps to reduce smoking. A new health rule announced on Saturday will soon ban smoking in...
WASHINGTON, DC - U.S. President Donald Trump on Tuesday claimed Elon Musk's success has been built on government subsidies. Without...
EVERGLADES, Florida: Over the weekend, a diverse coalition of environmental activists, Native American leaders, and residents gathered...
BEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...
Jaipur (Rajasthan) [India], July 2 (ANI): The much-anticipated LEGEN-Z T10 League will be played from August 7 to August 13 at the...
New Delhi [India], July 2 (ANI): The Board of Control for Cricket in India (BCCI) Ombudsman Justice (Retd) Arun Mishra has directed...
Mumbai (Maharashtra) [India], July 2 (ANI): Actor-comedian Kapil Sharma is back with another episode of 'The Great Indian Kapil Show,'...
Birmingham [UK], July 2 (ANI): Former head coach and cricketer Ravi Shastri didn't mince his words while expressing his discontent...
Birmingham [UK], July 2 (ANI): Indian and England players were wearing a black armband before the start of play on Day 1 of the second...
New Delhi [India], July 2 (ANI): Olympians Anjum Moudgil (also world championship silver medalist) and Saurabh Chaudhary and world...