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R EGI U.S., INC. NEWS RELEASE Regi U.S., Inc. Plan of Action Update October 2 9 th , 2020 REGI U.S., Inc. (“REGI” or “RGUS” or "the Company") The Board of Directors, Regi U.S., Inc. and its wh
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R EGI U.S., INC. www.radmaxtech.com NEWS RELEASE Regi U.S., Inc. Plan of Action Update October 2 9 th , 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., announc e the following updates to our phase 2 Plan of Action. Our efforts to continue operations during thi s depressed economic time show progress a long se veral fronts : During October, we demonstrated in Texas our RadMax expander technology to several Oil & Gas industry producers and related industrial equipment suppliers. O ur 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 provi ded valuable data which is being used to improve expander design in the areas of materials selection , vane performance , improved generator efficiency , flow filt ering requirements , control systems , and application management. We continue to refine our expander designs for reducing methane emission s leading up to commercialization of the product in mid to late 2021. D iscussions 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 publi c ly repor ted in
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our 3 rd 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 C EO , CFO CONTACTS: (509) 474 - 1040, x - 101 email@example.com 7 520 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 . READER ADVISORY Statements in this press release regarding the business of and REGI U.S, Inc. (together the “Companies’”) which are not historical facts are "forward - looking statements" that involve risks and uncertainties, including management's expectation on closing the second tranche of the private placement, certain of which are beyond the Companies' co ntrol. 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.