Reg Technologies, Inc. Files Generation of Hydrogen' Patent
VANCOUVER, British Columbia, Feb. 27 /PRNewswire/ -- Reg Technologies, Inc. (CDNX: RRE.V; OTC Bulletin Board: REGRF) and its U.S. subsidiary REGI U.S., Inc. (OTC Bulletin Board: RGUS) wish to announce that a United States patent application for "Generation of Hydrogen" was filed and receipted by the United States Patent and Trademark Office on January 30, 2001.
A summary of the patent application is as follows:
* The object of the "Generation of Hydrogen" invention is to provide an apparatus that is economical to produce hydrogen for use as a fuel.
* It is a further object of the present invention to use readily available materials to react to generate hydrogen.
* According to the application the generation of hydrogen requires no heating or electrical energy and thereby conserves energy. In addition the present invention is non-polluting since the product of the combustion of hydrogen is water.
According to Dr. George Magaha, Industry experts predict the hydrogen will become a vital energy source in the future due to the low cost to produce hydrogen and the limited pollution results from its use. Hydrogen could be suitable for everything from the operation of automobiles, buses and airplanes to space shuttle propulsion, which requires fuel that is low weight, compact, and with a high-energy content.
Reg Technologies, Inc. has a 50% interest in the Hydrogen Separator Technology worldwide rights and REGI U.S., Inc. has a 50% interest in the United States rights.
The Company also has an option to purchase an additional 50% interest in the Hydrogen Separator Technology for $15,000,000 US for a combination of cash and shares and will assign a 5% net revenue interest to GHM, Inc.
ABOUT REG TECHNOLOGIES, INC. / REGI U.S., INC.
Reg Technologies, Inc. jointly owns the worldwide rights to the Rand Cam(TM) rotary technology with its U.S. subsidiary REGI U.S., Inc. and is currently incorporating its latest winged rotor technology to dramatically improve sealing and reduce friction in the diesel Rand Cam(TM) engine. The Company is designing an oil pump for automobile transmissions for one of the big three car manufacturers in Detroit, as well as an air pump for the lumbar seats in automobiles and for fuel cells to transport hydrogen.
The Company's goal is to license the technology and/or to participate in joint ventures to manufacture specific Rand Cam(TM) applications and the Hydrogen Separator Technology.
The Canadian Venture Exchange has neither approved nor disapproved of the information contained herein.
SOURCE Reg Technologies, Inc.
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