The unit speed condition is not essential, the only required condition is $\alpha$ to be regular. If $\alpha$ is unit speed computations are simpler. Anyway, if $\alpha$ is regular the curve $\gamma(t)$ is regular whenever $\lambda k_{s} \neq 1$, where $k_{s}$ is the signed curvature of $\alpha$. To see this, let $s$ be the arc-length parameter of $\alpha$ and $\mathbf{t}$ be the unit tangent vector of $\alpha$, then
$$
\frac{d \gamma}{dt} = \frac{d \alpha}{dt} + \lambda \frac{d\mathbf{n}}{dt} = \frac{ds}{dt}\mathbf{t} + \lambda \frac{d\mathbf{n}}{ds} \frac{ds}{dt} ,
$$
but it is known that $\frac{d\mathbf{n}}{ds} = -k_{s} \mathbf{t}$, so
$$
\frac{d\gamma}{dt} = \frac{ds}{dt} \mathbf{t} - \lambda k_{s} \frac{ds}{dt} \mathbf{t} = (1 - \lambda k_{s}) \frac{ds}{dt} \mathbf{t}. \qquad (1)
$$
Therefore, $\gamma$ is regular whenever $1 - \lambda k_{s} \neq 0$, as desired. An additional fact is that the signed curvature of $\gamma$ is
$$
k_{s}^{\lambda} = \frac{k_{s}}{\lvert 1 -
\lambda k_{s} \rvert }.
$$
To show this, let $s^{\lambda}$ be the arc-length parameter of $\gamma$, then by equation (1) we have
$$
\frac{d s^{\lambda}}{dt} = \lvert 1 - \lambda k_{s} \rvert \frac{ds}{dt}.
$$
Let the $\mathbf{t}^{\lambda}$ be the unit tangent vector of $\gamma$, then
$$
\mathbf{t}^{\lambda} = \frac{d \gamma}{d s^{\lambda }} = \frac{d\gamma}{dt}\frac{dt}{ds^{\lambda}} = \frac{d\gamma}{dt}/\frac{ds^{\lambda}}{dt} = (1- \lambda k_{s}) \frac{ds}{dt} \mathbf{t}\left/\lvert 1 - \lambda k_{s} \rvert \frac{ds}{dt}\right. = \pm \mathbf{t} = \epsilon \mathbf{t}.
$$
Then, the unit normal vector of $\gamma$ is ${n}^{\lambda} = \epsilon \mathbf{n}$. By definition, the signed curvature $k_{s}^{\lambda} $of $\gamma$ is given by
$$
k_{s}^{\lambda} \mathbf{n}^{\lambda} = \frac{d \mathbf{t}^{\lambda}}{d s^{\lambda}} = \frac{d \mathbf{t}^{\lambda}}{dt}\left/ \frac{ds^{\lambda}}{dt}\right. = \epsilon \frac{d \mathbf{t}}{dt}\left/ \lvert 1 - \lambda k_{s} \rvert\frac{ds}{dt}\right.
$$
that is to say,
$$
k_{s}^{\lambda} \mathbf{n}^{\lambda} = \epsilon \lvert 1 - \lambda k_{s} \rvert ^{-1} \frac{dt}{ds} \frac{d \mathbf{t}}{dt} = \epsilon \lvert 1 - \lambda k_{s} \rvert ^{-1} \frac{d \mathbf{t}}{ds} = \epsilon \lvert 1- \lambda k_{s} \rvert ^{-1} k _{s} \mathbf{n} =k_{s}\lvert 1 - \lambda k_{s} \rvert^{-1} (\epsilon \mathbf{n}) = k_{s} \lvert 1 - \lambda k_{s} \rvert^{-1} \mathbf{n}^{\lambda},
$$
which implies
$$
k_{s}^{\lambda} = \frac{k_{s}}{ \lvert 1 - \lambda k_{s}\lvert.}
$$
The curve $\gamma$ is parallel to $\alpha$ in the sense that the distance bewteen $\gamma$ and $\alpha $ is $\lVert \gamma(t) - \alpha (t) \rVert = \lambda$, for all $t$, and $(\gamma(t) - \alpha(t))\cdot \mathbf{t}(t) = 0 $, for all $t$; however this is not the case for $\lambda$ too large, as is shown in the next example

where $\alpha(t) = (2 \cos t, \sin (t))$ and $\gamma = \alpha + \lambda \mathbf{n}$.