Regi US Inc - DEF 14A - For 11/29/99, On 11/3/99 |
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Table in Document 1 of 1 - DEF 14A - Definitive Proxy Statement |
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-6- |
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Shares Owned |
Percentage of |
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Name |
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Shares Owned |
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John G. Robertson [1] [2] Chairman of the Board, President and |
5,676,050 |
60.72% |
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Chief Executive Officer |
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The Watchtower Society [1] [3] |
5,367,900 |
57.42% |
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James McCann [1] [4] |
5,367,900 |
57.42% |
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Rand Energy Group Inc. [1] [5] |
5,367,900 |
57.42% |
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Brian Cherry [1] [6], Vice-President, Secretary and Director |
300,500 |
3.21% |
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Jennifer Lorette [1] [7], Vice-President and Chief Financial |
Officer |
60,500 |
0.65% |
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Patrick Badgley [1] |
Nil |
-- |
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ALL OFFICERS & DIRECTORS AS A GROUP [8] (Four Individuals) |
6,037,050 |
64.58% |
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Except as noted below, all shares are held beneficially and of record and each |
record shareholder has sole voting and investment power. |
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________________________________________________________________________________ |
Source: www.SECinfo.com - SEC Info - Fran Finnegan & Company Inc. - 0001032210-99-001507 |
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Business Wire
May 29, 2002, Wednesday
HEADLINE: REGI U.S., Inc., Reg Technologies, Inc. Sign License Agreement With Radian Incorporated for Unmanned
Autonomous Vehicles -- UAV's
DATELINE: VANCOUVER, British Columbia, May 29, 2002
BODY:
Reg Technologies, Inc. (CDNX:RRE.V)(OTCBB:REGRF) and its U.S. subsidiary REGI U.S., Inc. (OTCBB:RGUS) wish
to announce that an agreement has been completed with Radian to grant an exclusive license for the manufacture of Rand
Cam(TM) Diesel Engines within the United States, for applications in Unmanned Autonomous Vehicles (UAV's), over 10
horsepower, including non-exclusive rights to the worldwide sales for this application.
Radian agrees to the following terms and conditions:
-- Agrees to perform a 6-month duration study of the design, analysis, manufacturing cost risk assessment and marketing
analysis to validate the risk and profitability of the product.
-- Agrees to the fabrication and testing of a prototype Rand Cam(TM) Engine and based on completing a working version of
the prototype, agrees to give the prototype engine to Reg in order to maintain the Radian license. -- Agrees to pay REGI U.S.,
Inc. $100,000 U.S. minimum annual royalty, five years from the date of this agreement.
-- Agrees to pay a 6% royalty on sales of engines, parts and service used in UAV's including 6% of all funding received from
the Government and Military sources to develop and manufacture the Rand Cam(TM) Technology.
-- Agrees to pay REGI U.S., Inc. $150 per hour for engineering consulting work during the term of the agreement.
Pat Badgley, V.P. of engineering for REGI U.S., Inc., states, "The license agreement with Radian will open up a new vast
expanding market in Unmanned Autonomous Vehicles (UAV's) for the company and is very pleased to work with their
expertise in engineering and design services for the Rand Cam(TM) Diesel Engine."
About Radian Inc.
Radian Incorporated is based in Alexandria Va., as a key supplier of engineering, logistics systems integration services to the
U.S. Department of Defence. Radian employs approximately 350 and operates from facilities adjacent to several key U.S.
military installations. Engineered Support Systems, Inc (NASDAQ: EASI) has recently acquired Radian. for $41.7 million
U.S. in cash and shares. EASI is a diversified supplier of high tech integrated military electronics support equipment and
logistics services to all branches of the U.S. armed forces and certain foreign militaries.
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 has designed and built an air pump for fuel cell applications as well
as an air pump for the lumbar seats in automobiles and has filed for a patent for a Hydrogen Separator Technology. The
Company has also built a compressor for air conditioning units for buses. Currently REGI U.S.is developing a ceramic engine
for the U.S. Navy's new low-cost unmanned aerial vehicle.