RONN MOTOR GROUP SELECTS COMMERTECH AS THE EXCLUSIVE GLOBAL SOFTWARE DEVELOPMENT COMPANY FOR IN-VEHICLE TECHNOLOGY, TELEMATICS AND INFRASTRUCTURE

Rhea-AI Summary

RONN Motor Group (OTC: LPHM) announced on March 24, 2023, its selection of commerTECH as the exclusive software development partner for its Hydrogen Fuel Cell (HFCEV) logistic medium-duty trucks. CommerTECH, recognized for its expertise in automotive software solutions, will manage product information, vehicle communications, and telematics. The HFCEVs promise zero-emission logistics with ranges exceeding 300 miles and up to 500 miles with additional hydrogen storage. RONN Motor Group aims to innovate within the automotive sector, focusing on sustainable energy for transport and plans to expand its offerings into SUVs while negotiating distribution agreements globally.

Positive

• Strategic partnership with commerTECH enhances software capabilities for HFCEV development.
• HFCEVs provide a unique zero-emission solution with impressive mileage capabilities (300+ to 500+ miles).
• Focus on sustainable energy aligns with global trends towards zero emissions.

Negative

• None.

SCOTTSDALE, Ariz., March 24, 2023 /PRNewswire/ -- Today, RONN Motor Group (OTC: LPHM) announced it has selected commerTECH as the company to exclusively create and manage the software development for their Hydrogen Fuel Cell logistic medium-duty trucks globally.

commerTECH is a global software/IT firm that has a successful track record for building customized solutions within automotive, healthcare, banking, and nutraceutical industries. Software that has been recognized by peers including the number 1 and 2 Carlisle awards for over a decade in the automotive industry.

"We are excited to have been selected to supply the software and infrastructure to support the product information, vehicle communications and telematics for RONN Motor Group," said Michael White, CEO, commerTECH. "RONN Motor Group brings a vision and business model that we believe in, and appreciate that we can be part of a global shift to zero emissions."

"We selected commerTECH based on their team's extensive experience in the automotive industry that spans more than two decades and includes every aspect of what we need from telematics to catalog to warranty and in-vehicle communications," Ronn Ford, CEO & Founder, RONN Motor Group. "We are thrilled to have such a power-house company on our team."

Hydrogen Fuel Cell Electric logistic delivery vehicles (HFCEV) will offer a unique zero-emission solution to fleets and logistics customers. The trucks will travel more than 300+ miles on a single fueling with hydrogen storage of approximately 40kg. A second storage option will allow for a range of 500 plus miles.

Hydrogen Fuel Cell Electric vehicles (HFCEV) use electricity to power an electric motor. In contrast to other electric vehicles, HFCEVs produce electricity using a fuel cell powered by hydrogen rather than drawing electricity from a battery.

HFCEVs use a small battery to recapture braking energy, provide extra power during short acceleration events, and smooth out the power delivered from the fuel cell with the option to idle or turn off the fuel cell during low power needs. The amount of energy stored onboard is determined by the size of the hydrogen fuel tanks. 

About RONN Motor Group:

RONN Motor Group, Inc. is a global zero-emission Hydrogen Fuel Cell automaker (FCVs). The company was founded by Ronn Ford who has spent his entire career in the automotive industry exploring ways to innovate and pioneer innovative technologies. His belief is to "Create sustainable energy for mobility and a better quality of life." RONN Motor Group is currently designing middle-mile trucks and will expand into SUVs for commercial uses. The company works with global leaders in automotive manufacturing and currently has several distribution agreements in negotiations. The company is also teaming up with a leading hydrogen fueling company to develop a hydrogen fuel distribution infrastructure domestically and in key countries around the world.

For more information go to www.RONNMotorGroup.com or contact Sheila R. Stewart at 480.414.9922 (c) or SStewart@RonnMotorGroup.com

DISCLOSURE: This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including without limitation, the ability of RONN Motor Group to accomplish its stated plan of business. RONN Motor Group believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and there forward-looking statements included in this press release will prove to be accurate. Considering the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by RONN Motor Group or any other person.

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SOURCE RONN Motor Group

FAQ

What is RONN Motor Group's new partnership about?

RONN Motor Group has partnered with commerTECH to develop software for its Hydrogen Fuel Cell logistic medium-duty trucks.

What will commerTECH provide for RONN Motor Group?

CommerTECH will manage software infrastructure, vehicle communications, and telematics for RONN's HFCEVs.

What are the mileage capabilities of RONN Motor Group's HFCEVs?

The HFCEVs can travel over 300 miles on a single fueling, with an option to exceed 500 miles with additional hydrogen storage.

What sector is RONN Motor Group focused on?

RONN Motor Group is focused on zero-emission vehicle development, particularly Hydrogen Fuel Cell Electric vehicles.

When was the partnership with commerTECH announced?

The partnership was announced on March 24, 2023.