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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, 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.
Ronn, a company trading under OTC PINK:RONN, provided a market update highlighting the signing of an MOU for a significant equity investment expected to activate various LOIs. They announced a partnership with First Nations Canada worth potentially $500 million to establish hydrogen hubs. Ronn's HEV trucks will undergo pilot projects globally, including in Barbados and First Nations. The company emphasized the advantages of hydrogen over battery-powered vehicles. They also mentioned new potential partnerships and pilot programs resulting from an LOI with Hydrogen Horizons.
Ronn Inc. (OTC PINK:RONN), headquartered in Scottsdale, AZ, has announced a Memorandum of Understanding (MOU) securing a €100,000,000 investment for advancing hydrogen vehicle and hub projects. This commitment, facilitated by a Capital Management firm, aims to support Ronn's hydrogen fuel cell vehicle (HFCV) development and hydrogen hub projects globally.
The investment will be released in two tranches of €50 million each. The first tranche will directly fund Ronn's hydrogen truck development and First Nations hub project. The second tranche will target investments or acquisitions in complementary hydrogen companies and technologies.
Ronn CEO, Ronn Ford, emphasized the strategic importance of this investment amid global financial and political challenges, highlighting the potential for hydrogen to contribute to climate improvement and benefit shareholders and partners.
RONN, Inc. (OTC: RONN) signed a LOI with Hydrogen Horizons to form a joint venture aimed at enhancing hydrogen commercialization globally. The partnership involves incorporating H2H's patented technologies into RONN's FCEVs and hydrogen hub projects, potentially extending the range of hydrogen logistic vehicles. The collaboration seeks to expand within and beyond the Barbados project, opening doors for synergistic agreements.