RONN Inc. Initiates Plans For Riyadh Headquarters To Launch “RONN Saudi Arabia” Joint Venture, Advancing Vision 2039 Hydrogen Initiatives
RONN Inc. (OTC PINK:RONN) has announced plans to establish a new corporate office in Riyadh, Saudi Arabia, formalizing the 'RONN Saudi Arabia' joint venture. The initiative aims to accelerate hydrogen-powered mobility solutions in alignment with Saudi Arabia's Vision 2030.
The joint venture follows a 90/10 financing model, with Saudi partners providing the majority of investment while RONN focuses on technological development. Initial manufacturing and prototypes will begin in the United States before expanding to Saudi Arabia, with plans to establish local manufacturing facilities before 2030.
The venture will complement Saudi Arabia's renewable energy projects, including the $8.4 billion NEOM Green Hydrogen Plant, which aims to produce 600 tons of green hydrogen daily by 2026. RONN Saudi Arabia will focus on developing hydrogen-powered supercars and commercial vehicles specifically designed for the region.
RONN Inc. (OTC PINK:RONN) ha annunciato l'intenzione di aprire un nuovo ufficio aziendale a Riyadh, Arabia Saudita, ufficializzando la joint venture 'RONN Saudi Arabia'. L'iniziativa mira ad accelerare le soluzioni di mobilità a idrogeno in linea con la Vision 2030 dell'Arabia Saudita.
La joint venture segue un modello di finanziamento 90/10, con i partner sauditi che forniscono la maggior parte degli investimenti mentre RONN si concentra sullo sviluppo tecnologico. La produzione iniziale e i prototipi partiranno dagli Stati Uniti prima di espandersi in Arabia Saudita, con l'obiettivo di stabilire impianti di produzione locali entro il 2030.
Il progetto completerà i progetti di energia rinnovabile dell'Arabia Saudita, incluso il NEOM Green Hydrogen Plant da 8,4 miliardi di dollari, che punta a produrre 600 tonnellate di idrogeno verde al giorno entro il 2026. RONN Saudi Arabia si concentrerà sullo sviluppo di supercar e veicoli commerciali alimentati a idrogeno, progettati specificamente per la regione.
RONN Inc. (OTC PINK:RONN) ha anunciado planes para establecer una nueva oficina corporativa en Riad, Arabia Saudita, formalizando la empresa conjunta 'RONN Saudi Arabia'. La iniciativa busca acelerar las soluciones de movilidad impulsadas por hidrógeno en línea con la Visión 2030 de Arabia Saudita.
La empresa conjunta sigue un modelo de financiamiento 90/10, con los socios saudíes aportando la mayor parte de la inversión mientras RONN se enfoca en el desarrollo tecnológico. La fabricación inicial y los prototipos comenzarán en Estados Unidos antes de expandirse a Arabia Saudita, con planes para establecer instalaciones de fabricación locales antes de 2030.
La iniciativa complementará los proyectos de energía renovable de Arabia Saudita, incluido el planta de hidrógeno verde NEOM de 8.4 mil millones de dólares, que pretende producir 600 toneladas diarias de hidrógeno verde para 2026. RONN Saudi Arabia se centrará en desarrollar superdeportivos y vehículos comerciales impulsados por hidrógeno diseñados específicamente para la región.
RONN Inc. (OTC PINK:RONN)는 사우디아라비아 리야드에 새로운 법인 사무소를 설립하고 'RONN Saudi Arabia' 합작법인을 공식화할 계획을 발표했습니다. 이 사업은 사우디아라비아의 비전 2030에 부합하는 수소 동력 모빌리티 솔루션을 가속화하는 것을 목표로 합니다.
합작법인은 90/10 금융 모델을 따르며, 사우디 파트너가 대부분의 투자를 제공하고 RONN은 기술 개발에 집중합니다. 초기 제조와 프로토타입은 미국에서 시작하여 사우디아라비아로 확장할 예정이며, 2030년 이전에 현지 제조 시설을 설립할 계획입니다.
이 사업은 사우디아라비아의 재생 에너지 프로젝트를 보완할 것이며, 2026년까지 하루 600톤의 친환경 수소 생산을 목표로 하는 84억 달러 규모의 NEOM 그린 수소 플랜트를 포함합니다. RONN Saudi Arabia는 이 지역에 특화된 수소 동력 슈퍼카와 상업용 차량 개발에 주력할 것입니다.
RONN Inc. (OTC PINK:RONN) a annoncé son projet d'établir un nouveau bureau corporatif à Riyad, Arabie Saoudite, officialisant la coentreprise « RONN Saudi Arabia ». Cette initiative vise à accélérer les solutions de mobilité à hydrogène conformément à la Vision 2030 de l'Arabie Saoudite.
La coentreprise suit un modèle de financement 90/10, les partenaires saoudiens apportant la majorité des investissements tandis que RONN se concentre sur le développement technologique. La fabrication initiale et les prototypes débuteront aux États-Unis avant de s'étendre en Arabie Saoudite, avec l'intention d'établir des installations locales de production avant 2030.
Ce projet viendra compléter les initiatives d'énergie renouvelable de l'Arabie Saoudite, notamment l'usine d'hydrogène vert NEOM de 8,4 milliards de dollars, qui vise à produire 600 tonnes d'hydrogène vert par jour d'ici 2026. RONN Saudi Arabia se concentrera sur le développement de supercars et de véhicules commerciaux à hydrogène conçus spécifiquement pour la région.
RONN Inc. (OTC PINK:RONN) hat Pläne angekündigt, ein neues Firmenbüro in Riad, Saudi-Arabien, zu errichten und das Joint Venture 'RONN Saudi Arabia' zu formalisieren. Die Initiative zielt darauf ab, wasserstoffbetriebene Mobilitätslösungen im Einklang mit Saudi-Arabiens Vision 2030 zu beschleunigen.
Das Joint Venture folgt einem 90/10-Finanzierungsmodell, bei dem die saudischen Partner den Großteil der Investitionen stellen, während RONN sich auf die technologische Entwicklung konzentriert. Die erste Fertigung und Prototypen werden in den USA beginnen, bevor sie nach Saudi-Arabien ausgeweitet werden, mit Plänen, lokale Produktionsstätten vor 2030 einzurichten.
Das Vorhaben wird die erneuerbaren Energieprojekte Saudi-Arabiens ergänzen, darunter die 8,4 Milliarden Dollar teure NEOM Green Hydrogen Plant, die bis 2026 täglich 600 Tonnen grünen Wasserstoff produzieren soll. RONN Saudi Arabia wird sich auf die Entwicklung von wasserstoffbetriebenen Supersportwagen und Nutzfahrzeugen konzentrieren, die speziell für die Region konzipiert sind.
- Strategic expansion into Saudi Arabian market through joint venture
- 90/10 financing model minimizes RONN's capital requirements
- Access to Saudi Arabia's $8.4B NEOM Green Hydrogen infrastructure
- Planned local manufacturing facilities in Saudi Arabia
- Heavy reliance on Saudi partners for financing (90% of investment)
- Significant time gap before local manufacturing capabilities are established
- Dependency on foreign regulatory compliance in two jurisdictions
SCOTTSDALE, AZ / ACCESS Newswire / April 24, 2025 / RONN Inc. (OTC PINK:RONN), a U.S.-based hydrogen technology innovator, announces that it is establishing a new corporate office in Riyadh, Saudi Arabia. This strategic move marks the formal initiation of the signed "RONN Saudi Arabia," a joint venture to accelerate hydrogen-powered mobility solutions in alignment with the Kingdom's Vision 2030.
In collaboration with esteemed local partners, RONN Inc. is poised to integrate its advanced hydrogen fuel cell technologies into Saudi Arabia's ambitious sustainability framework. The joint venture underscores a shared commitment to pioneering zero-emission transportation and fostering economic diversification through cutting-edge energy solutions.
"Saudi Arabia's proactive stance on hydrogen energy, exemplified by projects like NEOM and Qiddiya City, presents an unparalleled opportunity for innovation," said Ronn Ford, CEO of RONN Inc. "Our collaboration is not just a business venture; it's a convergence of like visions ."
The joint venture is structured with a 90/10 financing model, wherein Saudi partners will lead most of the investment, allowing RONN Inc. to focus on technological development and rapid deployment. This approach ensures the venture benefits from local expertise in navigating regulatory landscapes and infrastructure development while leveraging RONN's proprietary hydrogen technologies.
Initial manufacturing efforts and prototypes will commence in the United States, using our long-time substantial engineering relationships to finalize prototypes and expedite time to market. Concurrently, plans are underway to identify suitable manufacturing sites within Saudi Arabia, aiming for operational readiness well before 2030.
Saudi Arabia's Vision 2030 outlines a transformative agenda, positioning the Kingdom as a global leader in renewable energy. Projects like the
The planned Riyadh office will be the central hub for coordinating joint venture activities, facilitating seamless collaboration between U.S. and Saudi teams. Legal and operational frameworks are meticulously crafted to ensure compliance with American and Saudi regulations, setting a precedent for international cooperation in the hydrogen sector. "This venture is a testament to what can be achieved when innovation meets visionary leadership," added Ford. "We are not just building hydrogen vehicles; we are building the future of a sustainable hydrogen economy across several sectors.
About RONN Inc.
RONN Inc. is a pioneering hydrogen technology company specializing in zero-emission supercars, modular fueling systems, and commercial mobility platforms. Focusing on scalable innovation and sustainable infrastructure, RONN Inc. is committed to redefining the transportation landscape through advanced hydrogen solutions.
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Forward-Looking Statements
This press release contains forward-looking statements, including projections and estimates, subject to risks and uncertainties. Actual results may differ materially due to various factors. RONN Inc. undertakes no obligation to update these statements except as law requires.
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Contact: Ronn Ford
Ronn.ford@ronnmotorgroup.com
Website: www.ronnmotorgroup.com
SOURCE: RONN
View the original press release on ACCESS Newswire
FAQ
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