I haven't seen this posted before here. It's rather a newer document (Feb 19, 2003), so it may not have made it onto your radar screens yet. Suprised I found it, myself.
Here's the website address: www.regtech.com/stockbroker_report.doc
Hope that works.
Here's the document. I've highlighted a few areas.
The Stockbroker.com Report
February 19, 2003
Undervalued Special Situation
REGI U.S., Inc. (OTC BB: RGUS)
Shares Outstanding: 11,288,000 REGI U.S., Inc.
Active Float: 6.2 Mil #1103-11871 Horseshoe Way
Recent Price: $0.08 Richmond, BC, Canada V7A 5H5
52 Week Bid Range: $0.04 - $0.29 Bus Tel: (604) 278-5996 Capitalization: $903,040
BUSINESS SUMMARY:
REGI U.S., Inc. owns the U.S. rights to the Rand Cam™ rotary technology and its parent company Reg Technologies, Inc (OTC BB: REGRF) owns the balance of the world rights. REGI U.S., Inc./Reg Technologies, Inc. are currently incorporating its latest winged rotor technology to dramatically improve sealing and reduce friction in the Diesel Rand Cam™ engine.
See website at http://www.regtech.comREGI U.S.
is in the business of designing, developing, testing and manufacturing axial vane type rotary engines (RC/DC or Rand Cam™ engines). The Company owns the US marketing and intellectual rights to the engine. Reg Technologies, Inc. owns 51% of RAND Energy Group, Inc., which in turn owns 51% of RGUS and owns the balance of the worldwide rights to the Rand Cam™ technology. Under this strategic agreement, RAND and RGUS will split the ongoing development costs of the RC/DC engine 50 - 50. Several other products are also being developed and tested by RGUS.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. The Company has also built a compressor for air conditioning units for buses. Currently REGI U.S., Inc. is developing an engine for a new low-cost unmanned aerial vehicle and for a 42 H.P. engine for unmanned helicopter applications. The engine is a four stroke Rand Cam™ engine utilizing continuous injection and combustion in a single combustion chamber.
The Company's goal is to license the Rand Cam™ technology and/or to participate in joint ventures to manufacture specific Rand Cam™ applications.
SUCCESSFUL DEVELOPMENT OF SUPERIOR RAND CAM™ TECHNOLOGYSince 1987 the Company has managed a Research and Development program to build a rotary engine which, compared with conventional combustion engines, dramatically reduces size, weight, exhaust emissions, noise vibration and cost while improving fuel efficiency. The engine is inherently simple with no valves or gears and only two bearings. Today a number of Rand Cam™ engine designs have been developed to address a number of large markets including transportation, power generation, agricultural, landscaping equipment, marine, construction, power tools, pumps, and compressors (both heat and air conditioning). Additionally, military applications represent an enormous market, particularly with the strong potential for war and the obvious advantages of using unmanned aerial vehicles as well as the heavy use of military diesel engines.
The Rand Cam™ mechanism is well suited for application to internal combustion engines, pumps and compressors and expansion engines, such as turbines. The Rand Cam™ technology delivers a light, powerful, efficient, clean burning engine at a highly competitive cost. The compressors are also compact and highly efficient, resulting in air conditioning compressors that deliver the increased capacity required with the new refrigerants while reducing component size by approximately 50%! The engines can be scaled to match virtually any size requirement. This flexibility opens the door to huge markets.
Compared to the conventional diesel and Wankel engines, the Rand Cam™ is more cost-effective and produces higher volumetric efficiency!
INDUSTRY RECOGNITION OF RAND CAM™ FOR NEW GENERATION OF AIRCRAFTPowered by the Rand Cam™ engine, the Ikelos aircraft was selected second in the category of Technology Innovation by NASA’s Langley Research Center of Hampton, Virginia. NASA and the FAA are currently developing the Small Aircraft Transportation System (SATS) that could revolutionize air travel. The concept is to employ a new generation of small inexpensive jets to provide a low-cost air taxi service among America’s 5,000 rural and suburban airports.
U.S. DIESEL ENGINE MARKET IS APPROXIMATELY $20 BILLIONThe market for the excellent Rand Cam™ technology is enormous. This Company is now ready to capitalize on 15 years of exceptional development and we expect that REGI U.S. is on the verge of securing a number of lucrative license agreements which will result in explosive growth in revenues and earnings in the next few years. Military contracts alone could be worth many millions of dollars. Also, over the next few years REGI/Reg Tech will continue to present the Rand Cam™ technology to interested companies such as the Big Three automakers, Cummins Engine Company, Caterpillar, and compressor manufacturers with the objective of securing licensing agreements. PATENTED RAND CAM™ ENGINE HAS SEVERAL MAJOR ADVANTAGES- SIZE –