RONN Inc Shares Update on Negotiations with Tobique First Nation

Rhea-AI Summary

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.

Positive

• Potential partnership with Tobique First Nation for hydrogen infrastructure development
• Opportunity to engage with major corporations in Saint John for hydrogen technology solutions
• Anticipated finalization of initial agreement and strategic partnership within two weeks

Negative

• None.

SCOTTSDALE, AZ / ACCESSWIRE / August 1, 2024 / RONN, Inc (OTC PINK:RONN)

Mr. Ford, the company CEO, announced today that he had received and accepted an invitation to return to Saint John, New Brunswick, Canada, to meet with several new company executives and tribal leaders to discuss an expanded presence in the region for an enhanced, cleaner hydrogen future for the Indigenous First Nation.

Julian Moulton, Elected Councilor of Tobique First Nation, stated that the primary agenda of this meeting is to finalize our partnership and explore collaborative ventures with Tobique First Nation's business partners in Saint John. Mr. Moulton additionally added that this meeting promises to be a cornerstone in our shared journey toward sustainable development and economic growth. The collaboration between RONN Inc. and Tobique First Nation, supported by influential partners, holds immense potential to create a transformative impact.

Notably, significant investment is anticipated in setting up hydrogen power infrastructure, aiming to revolutionize operations through sustainable energy. Additionally, there are exciting opportunities to engage with major corporations in Saint John, each seeking innovative solutions to enhance their operations through hydrogen technology.

Mr. Ford stated that in his discussions with Mr. Moulton and other stakeholders, he expected to finalize the initial agreement and strategic partnership at this meeting within two weeks. Together, they aim to expand the hydrogen initiative throughout the region, with Tobique First Nation and Saint John as partners in a cleaner, healthier future.

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 Inc's meeting in Saint John, New Brunswick?

The purpose is to finalize a partnership with Tobique First Nation and explore collaborative ventures for expanding RONN's presence in the region, focusing on hydrogen power infrastructure and technology solutions.

When is RONN Inc (RONN) expected to finalize the agreement with Tobique First Nation?

According to Mr. Ford, RONN Inc expects to finalize the initial agreement and strategic partnership within two weeks of the announced meeting.

What are the potential business opportunities for RONN Inc (RONN) in Saint John?

RONN Inc has opportunities to engage with major corporations in Saint John seeking innovative solutions to enhance their operations through hydrogen technology, as well as setting up hydrogen power infrastructure in the region.