RadMax Technologies To Develop Specialty Vacuum Pumps For IWVC Novel Hybrid CO2 And Water Direct Air Capture System

Rhea-AI Summary

REGI U.S., Inc. (OTC PINK:RGUS) announced a cooperative agreement with IWVC, LLC to develop specialized vacuum pumps for a Hybrid Direct Air Capture (HDAC) demonstration project. This innovative technology, supported by funding from the US Department of Energy, aims to extract 30 tons of CO₂ annually and produce 1,100 liters of water daily. The new RadMax Compressors will provide efficient vacuum solutions, significantly reducing extraction costs compared to existing technologies. The collaboration marks a step towards enhanced climate technology solutions.

Positive

• Establishment of a cooperative agreement with IWVC for innovative technology development.
• Support from the US Department of Energy enhances credibility and potential funding.
• RadMax Compressors expected to reduce operational costs compared to existing extraction technologies.

Negative

• None.

SPOKANE, WA / ACCESSWIRE / November 22, 2021 / 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 a cooperative agreement with IWVC, LLC (IWVC), Venice, CA, to design and build specialized vacuum pump / compressors (Compressors) for a Hybrid Direct Air Capture (HDAC) new technology demonstration project led by IWVC.

The HDAC system is a novel combined carbon dioxide (CO₂) and atmospheric water extraction direct air capture technology being supported with major funding by the US Department of Energy FOA 2188 "Novel Research and Development for the Direct Capture of Carbon Dioxide from the Atmosphere" that will result in a 30 ton-CO₂/yr and 1,100 L/d water demonstration plant. The commercialization of this technology is expected to significantly reduce the cost of extracting CO₂ in large scale applications compared to other current technologies.

The RadMax Compressors will provide a vacuum used in the demonstration system at the required low power requirement not easily achieved with other currently available compressors. Additionally, the RadMax Compressors are capable to simultaneously handle both the CO₂ and water working fluids, and operate while experiencing 2-phase fluid and entrained liquid conditions.

"We are pleased to have a role in the development of this new exciting technology for direct capture of CO₂ and its potential impact in moving towards the goals of a reduced carbon economy," stated RadMax CEO Paul Chute.

"We're confident that the demonstration testing of this breakthrough technology will prove what our modeling indicates-our unique HDAC approach offers the most flexible and cost-effective solution in the DAC market," said Will Kain, CEO of Avnos, Inc. "Leveraging the deep expertise of the RadMax team to deliver optimal compression and vacuum solutions is very exciting for the project."

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 RadMax^TM axial vane-type rotary technology.

About IWVC, LLC

IWVC, LLC, is engaged in the development and commercial deployment of cutting-edge climate technology solutions.

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:

Regi U.S., Inc.
Paul W. Chute, CEO
(509) 474-1040, Ext. 101
info@radmaxtech.com
7520 N. Market St. STE #10
Spokane, WA. 99217-7800

IWVC, LLC
William Kain, CEO
(424) 274-2705
will.kain@iwvcllc.com
1240 Preston Way
Venice, CA 90921

SOURCE: REGI U.S., Inc.

View source version on accesswire.com:
https://www.accesswire.com/673905/RadMax-Technologies-To-Develop-Specialty-Vacuum-Pumps-For-IWVC-Novel-Hybrid-CO2-And-Water-Direct-Air-Capture-System

FAQ

What is the purpose of the agreement between REGI U.S. and IWVC?

The agreement aims to design and build specialized vacuum pumps for a Hybrid Direct Air Capture demonstration project.

What technology is being demonstrated in the REGI U.S. project?

The project demonstrates a Hybrid Direct Air Capture technology for extracting CO₂ and water.

How much CO₂ will the HDAC demonstration plant capture annually?

The HDAC demonstration plant is expected to capture 30 tons of CO₂ per year.

What financial support is involved in the REGI U.S. project?

The project is supported by funding from the US Department of Energy under FOA 2188.

What is the expected water production capacity of the HDAC system?

The HDAC system is expected to produce 1,100 liters of water daily.