RONN, Inc. Provides an Update to Its Previously Announced First Nations Canada Hydrogen Initiative

Rhea-AI Summary

Ronn Inc., under the ticker symbol RONN, is in talks with Canadian groups for hydrogen development projects. The Economic Development of St Thomas, Canada, is interested in collaborating with Ronn Inc. on hydrogen hubs and trucks. The company is exploring the potential of establishing new offices in the industrial area of St Thomas. With additional funding, Ronn Inc. plans to work with First Nations on hydrogen hubs and a pilot program for logistic hydrogen trucks. The company is engaging in information exchange with key stakeholders for further collaboration.

SCOTTSDALE, AZ / ACCESSWIRE / April 11, 2024 / (OTC PINK:RONN) Ronn Ford, company CEO, announced today that RONN Inc. continues to be courted by Canadian Groups for hydrogen development projects. Most recently, the Economic Development Corporation of St Thomas, Canada representatives, came to Scottsdale, AZ, and took Ronn Ford, CEO, to dinner to discuss the virtues of their new industrial area in terms of potentially becoming the home of new offices for the manufacturing of hydrogen trucks or hydrogen hubs for RONN Inc.

The RONN Inc. concept of a hydrogen highway in partnership with First Nations was also a topic of discussion, Mr. Ford also added that with additional funding, First Nations is prepared to move forward with RONN Inc. on the first of seven hydrogen hubs contemplated and a logistic hydrogen trucks pilot program. Several companies already in operation at the St. Thomas economic develop park include Magna, Ford, Amazon, and many other automotive-related companies.

An information exchange is now in progress with collective calls being prepared including First Nations leaders, RONN Inc. executives, and the Economic Development Representatives.

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For more information go to www.ronnmotorgroup.com or contact jmorgan@ronnmotorgroup.com

About RONN, Inc

RONN, Inc. is a forward-thinking company dedicated to making a positive impact on the environmental credit market. With a commitment to innovation and sustainability in the commercialization of Hydrogen in both mobile and stationary sectors, RONN, Inc. strives to create value for both its shareholders and the planet.

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.'s 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.

SOURCE: RONN Inc.

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FAQ

What are the recent developments for Ronn Inc. (RONN) regarding hydrogen projects?

Ronn Inc., under the ticker symbol RONN, is currently in discussions with Canadian groups, specifically the Economic Development of St Thomas, Canada, for potential collaboration on hydrogen development projects.

Who is involved in the discussions with Ronn Inc. (RONN) for hydrogen projects?

Key stakeholders involved in the discussions with Ronn Inc. for hydrogen projects include representatives from the Economic Development of St Thomas, Canada, Ronn Ford (CEO of Ronn Inc.), and First Nations leaders.

What is the focus of the discussions between Ronn Inc. (RONN) and Canadian groups?

The discussions primarily revolve around the possibility of establishing new offices for the manufacturing of hydrogen trucks or hydrogen hubs in the industrial area of St Thomas, Canada, in collaboration with Ronn Inc.

What plans does Ronn Inc. (RONN) have for hydrogen projects with First Nations?

Ronn Inc. plans to work with First Nations on the development of hydrogen hubs and a logistic hydrogen trucks pilot program, subject to securing additional funding for the projects.

Which companies are operating in the St. Thomas economic development park alongside Ronn Inc. (RONN)?

Several companies, including Magna, Ford, Amazon, and various other automotive-related companies, are already operating in the St. Thomas economic development park where Ronn Inc. is considering establishing new offices for hydrogen projects.