Ronn Announces NYC Visit to Sign Joint Venture Agreement with Hydrogen Energy Systems
RONN, Inc. (OTC PINK:RONN) has announced that CEO Ronn Ford will meet with Hydrogen Energy Systems (HES) executives to finalize a joint venture agreement, transitioning from a Letter of Intent. The partnership will integrate Hydrogenin Horizons PEM electrolyzer with the Hydra-Pak system for wind turbine-based hydrogen production and storage.
RONN has been collaborating with Indigenous First Nations in Canada to establish hydrogen hubs using wind turbines for green hydrogen production. The joint venture will benefit from HES's hydrogen sales contracts and utilize RONN's hydrogen-electric logistic vehicles across projects. The agreement is expected to include the Port of St. John in New Brunswick for hydrogen export, advancing the commercialization of the hydrogen economy for both companies.
RONN, Inc. (OTC PINK:RONN) ha annunciato che il CEO Ronn Ford incontrerà i dirigenti di Hydrogen Energy Systems (HES) per finalizzare un accordo di joint venture, passando da una Lettera di Intenti. La partnership integrerà l'elettrolizzatore Hydrogenin Horizons PEM con il sistema Hydra-Pak per la produzione e lo stoccaggio di idrogeno basati su turbine eoliche.
RONN ha collaborato con le Nazioni Indigene in Canada per stabilire hub di idrogeno utilizzando turbine eoliche per la produzione di idrogeno verde. La joint venture trarrà vantaggio dai contratti di vendita di idrogeno di HES e utilizzerà i veicoli logistici ibridi di RONN in diversi progetti. Si prevede che l'accordo includa il Porto di St. John in New Brunswick per l'esportazione di idrogeno, favorendo la commercializzazione dell'economia dell'idrogeno per entrambe le aziende.
RONN, Inc. (OTC PINK:RONN) ha anunciado que el CEO Ronn Ford se reunirá con los ejecutivos de Hydrogen Energy Systems (HES) para finalizar un acuerdo de empresa conjunta, transicionando de una Carta de Intenciones. La asociación integrará el electrolizador Hydrogenin Horizons PEM con el sistema Hydra-Pak para la producción y almacenamiento de hidrógeno basado en turbinas eólicas.
RONN ha estado colaborando con Naciones Indígenas en Canadá para establecer centros de hidrógeno utilizando turbinas eólicas para la producción de hidrógeno verde. La empresa conjunta se beneficiará de los contratos de venta de hidrógeno de HES y utilizará los vehículos logísticos de hidrógeno-eléctrico de RONN en varios proyectos. Se espera que el acuerdo incluya el Puerto de St. John en New Brunswick para la exportación de hidrógeno, avanzando en la comercialización de la economía del hidrógeno para ambas compañías.
RONN, Inc. (OTC PINK:RONN)는 CEO 론 포드가 Hydrogen Energy Systems (HES) 임원들과 만나 합작 투자 계약을 체결할 것이라고 발표했습니다. 이는 의향서에서 이행되는 것입니다. 파트너십은 Hydrogenin Horizons PEM 전해조와 Hydra-Pak 시스템을 통합하여 풍력 터빈 기반의 수소 생산 및 저장을 위한 것입니다.
RONN은 캐나다의 원주율과 협력하여 녹색 수소 생산을 위한 풍력 터빈을 이용한 수소 허브를 설립하고 있습니다. 합작 투자는 HES의 수소 판매 계약으로부터 혜택을 얻고 RONN의 수소-전기 물류 차량을 다양한 프로젝트에 사용할 것입니다. 이 계약은 뉴브런즈윅의 세인트 존 항구를 포함할 것으로 예상되며, 두 회사 모두에 대한 수소 경제의 상업화를 추진하고 있습니다.
RONN, Inc. (OTC PINK:RONN) a annoncé que le PDG Ronn Ford rencontrera les dirigeants de Hydrogen Energy Systems (HES) pour finaliser un accord de coentreprise, passant d'une lettre d'intention. Le partenariat intégrera l'électrolyseur Hydrogenin Horizons PEM avec le système Hydra-Pak pour la production et le stockage d'hydrogène à base d'éoliennes.
RONN collabore avec les Nations autochtones du Canada pour établir des pôles d'hydrogène utilisant des éoliennes pour la production d'hydrogène vert. La coentreprise bénéficiera des contrats de vente d'hydrogène de HES et utilisera les véhicules logistiques hydrogène-électriques de RONN dans divers projets. L'accord devrait inclure le Port de St. John au Nouveau-Brunswick pour l'exportation d'hydrogène, faisant avancer la commercialisation de l'économie de l'hydrogène pour les deux entreprises.
RONN, Inc. (OTC PINK:RONN) hat angekündigt, dass CEO Ronn Ford sich mit Führungskräften von Hydrogen Energy Systems (HES) treffen wird, um ein Joint-Venture-Abkommen zu finalisieren, das von einem Absichtsschreiben umschlägt. Die Partnerschaft wird den Hydrogenin Horizons PEM Elektrolyseur mit dem Hydra-Pak-System für die Wasserstoffproduktion und -speicherung basierend auf Windturbinen integrieren.
RONN hat mit indigenen Völkern in Kanada zusammengearbeitet, um Wasserstoff-Hubs unter Verwendung von Windturbinen für die Produktion von grünem Wasserstoff zu etablieren. Das Joint Venture wird von den Wasserstoffverkaufsverträgen von HES profitieren und RONNs wasserstoff-elektrische Logistikfahrzeuge in verschiedenen Projekten nutzen. Es wird erwartet, dass die Vereinbarung den Hafen von St. John in New Brunswick für den Wasserstoffexport umfasst, wodurch die Kommerzialisierung der Wasserstoffwirtschaft für beide Unternehmen vorangetrieben wird.
- Finalizing joint venture agreement with Hydrogen Energy Systems
- Collaboration with Indigenous First Nations in Canada for hydrogen hubs
- Integration of Hydrogenin Horizons PEM electrolyzer with Hydra-Pak system
- Potential for surplus hydrogen sales to businesses and nations
- Inclusion of HES's hydrogen sales contracts in the joint venture
- Utilization of RONN's hydrogen-electric logistic vehicles in joint venture projects
- Planned incorporation of Port of St. John for hydrogen export
- None.
SCOTTSDALE, AZ / ACCESSWIRE / October 15, 2024 / RONN, Inc (OTC PINK:RONN) is excited to announce that CEO Ronn Ford will meet with executives from Hydrogen Energy Systems (HES) this week to finalize the transition from a Letter of Intent to a formal joint venture agreement. Since the inception of the LOI, both companies have significantly expanded their operations.
Mr. Ford emphasized that RONN Inc. has recently collaborated with Indigenous First Nations in Canada to establish hydrogen hubs that utilize wind turbines for green hydrogen production, aimed at reducing energy costs. While the hydrogen generated will primarily support First Nations projects, any surplus is expected to be stored in our proprietary storage systems for potential sale to other businesses and nations.
The HES/Ronn joint venture will integrate the Hydrogenin Horizons PEM electrolyzer with the Hydra-Pak system. This innovative setup will be deployed on wind turbines, producing and storing hydrogen in Hydra-Pak's low-pressure storage containers. Mr. Ford noted that Hydrogen Energy Systems will contribute numerous hydrogen sales contracts to the joint venture, which will enhance the effectiveness of our First Nations hydrogen hubs. Additionally, RONN's hydrogen-electric logistic vehicles will be utilized across all projects within the joint venture.
**Port of St. John - New Brunswick:** We look forward to incorporating the Port of St. John into this agreement following its formalization, facilitating the export of hydrogen produced in Canada. This joint venture will significantly advance the commercialization of the hydrogen economy for both parties.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Factors that could cause or contribute to such differences include, but are not limited to, the success of RONN, Inc. initiatives in the hydrogen tax credit market. RONN, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Contact Information
John Morgan
IR
jmorgan@ronnmotorgroup.com
SOURCE: RONN, Inc
View the original press release on accesswire.com
FAQ
What is the purpose of RONN CEO Ronn Ford's NYC visit?
What technologies will be integrated in the RONN-HES joint venture?
How is RONN (OTC PINK:RONN) collaborating with Indigenous First Nations in Canada?
What role will the Port of St. John play in RONN's joint venture with HES?
