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RONN, Inc. (OTC PINK: RONN) is a Hydrogen company focusing on sustainable technology solutions. Recently, the company secured a substantial financial commitment for hydrogen commercialization and signed strategic partnerships to advance its hydrogen electric vehicles, hydrogen hub development, and clean energy initiatives. With a goal to reduce the carbon footprint, RONN, Inc. is at the forefront of innovative transportation solutions.
RONN Inc (OTC PINK:RONN) has announced a strategic partnership with the Tobique First Nation to develop hydrogen production and infrastructure. The agreement includes an initial $1 million investment from the First Nation and is expected to grow into a multi-million-dollar partnership. The collaboration aims to provide hydrogen infrastructure sales, operational income, FCEV truck sales, and future hydrogen sales revenues.
The partnership plans to leverage Tobique First Nation's new wind farm for potential hydrogen production, similar to a recent $430 million Canada-Germany hydrogen deal. Julian Moulton, representing Tobique Nation, emphasized the opportunity to capitalize on the growing clean energy market and Net Zero initiatives, promising economic benefits and environmental stewardship.
RONN Inc (OTC PINK:RONN) has announced progress in negotiations with Tobique First Nation in New Brunswick, Canada. CEO Mr. Ford has accepted an invitation to meet with new company executives and tribal leaders in Saint John to discuss an expanded presence for a cleaner hydrogen future. Julian Moulton, Elected Councilor of Tobique First Nation, stated that the meeting aims to finalize their partnership and explore collaborative ventures with business partners in Saint John.
The collaboration is expected to focus on setting up hydrogen power infrastructure and engaging with major corporations seeking innovative hydrogen technology solutions. Mr. Ford anticipates finalizing the initial agreement and strategic partnership within two weeks, with the goal of expanding the hydrogen initiative throughout the region.
Ronn Inc. (OTC PINK:RONN) has successfully completed a comprehensive PCAOB financial audit, marking a significant milestone for the company. CEO Ronn Ford emphasized that this achievement demonstrates the company's commitment to growth, integrity, and shareholder value. The audit is a important step towards Ronn Inc. becoming fully reporting and filing an S-1.
The company aims to uplist to a higher exchange when market conditions allow, which is expected to broaden its investor base, increase market visibility, and provide greater liquidity for shareholders. Ronn Inc. focuses on de-carbonization solutions in the transportation sector, particularly through hydrogen production and vehicle design.
Ronn Ford, CEO of Ronn, attended the Geneva Supercar Show as a VIP guest and highlighted significant developments related to hydrogen technology advancement.
Key interactions included a meeting with the Ambassador of India to Switzerland, discussing joint ventures aimed at expanding the company's footprint in the U.S. and India. Another notable discussion was with officials from a renowned watch company about the new All Electric Hydrogen Hyper Automobile, potentially inspiring a special edition watch.
Non-Disclosure Agreements (NDAs) are expected to be signed soon, promoting further talks. Additionally, Hydrogen Horizons showed interest in participating in joint ventures between Indian companies and Ronn.
Ronn, Inc. (OTC PINK:RONN) announced ongoing JV and distribution agreement talks with Erisha, the electric vehicle division of India's Rana Group, and a potential third partner. Initial term sheets have been delivered, and final negotiations will conclude with an in-person meeting in New Delhi by the end of July. RONN’s CEO, Ronn Ford, highlighted the JV’s potential to inject cash, support a senior exchange listing, and distribute hydrogen hub pilot programs and Logistic Trucks. Initial sales are projected at 100 vehicles, potentially expanding to 1000. Target pricing for class 6 HFEV trucks could exceed $275K per unit. Further discussions will continue in Geneva at a Supercar event.
Ronn Inc. (OTC PINK:RONN) CEO Ronn Ford provides a shareholder update. The company is close to finalizing a $100 million MOU, with audits expected to complete within three weeks. An S-1 filing is planned by the end of July 2024, aiming for a senior exchange listing later in the year, market conditions permitting. Additionally, the Tobique First Nations hub agreement awaits final approval, marking the first of seven hydrogen hubs across Indigenous lands in Canada. These hubs will use Ronn Inc.'s new logistic trucks, fostering a virtual hydrogen highway. Meetings with seven Tribal Chiefs indicate supportive momentum.
RONN Inc. (OTC:RONN) announced plans to discuss its new Hyper Hydrogen Concept Automobile in Geneva. The company has signed a $100 million capital investment MOU to develop the successor to its Scorpion Hydrogen Hybrid Supercar. Global motor vehicle manufacturing rose 5.7% in May 2023. The Global Supercar Market, valued at $17.5 billion in 2023, is projected to reach $24.9 billion by 2033 with a CAGR of 3.7%. Founder and CEO Ronn Ford aims to rival brands like Bugatti and Koenigsegg with an upgraded Scorpion model. RONN Inc. aims to merge driving pleasure with cutting-edge, sustainable technologies.
Ronn Inc. (OTC PINK:RONN) has received a VIP invitation to the second annual Geneva Supercar Show, to be held at the Franck Muller factory in Geneva, Switzerland, in June 2024. The event promises significant opportunities for collaboration, partnerships, investments, and networking with prestigious brands, industry professionals, and global investors. CEO Ronn Ford emphasized the potential for fruitful alliances within the automotive world. Event Director Manoj Bairstow highlighted the exclusive nature of the event and the strong turnout from VIP clientele, facilitated by Franck Muller's reputation. Ronn Inc. is set to debut its hydrogen supercar at the show.
RONN, a leader in sustainable transportation, has engaged a PCAOB-registered audit firm to finalize its audits by June 2024. This is part of RONN's strategic plan to file a Form S-1 with the SEC and apply for an uplisting to Nasdaq. The completion of the audit and Form S-1 filing aims to enhance market visibility and credibility. CEO Ronn Ford highlighted this milestone as important for shareholder value.
RONN has signed a strategic partnership with Tobique First Nations Canada to establish a hydrogen production hub and manage a pilot program featuring hydrogen fuel cell trucks. The deal, initiated after nine months of discussion, includes a $1,000,000 initial investment for RONN. The project aims for economic, environmental, and technological benefits, supported by government incentives and growing market demand for clean energy. The hub is expected to be the first of seven, potentially worth $350 million. This initiative aligns with RONN's strategy to enhance its role in sustainable technology solutions.
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