RONN INC. SIGNS JOINT VENTURE LOI WITH HYDROGEN HORIZONS

Rhea-AI Summary

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.

Positive

• Strategic partnership with Hydrogen Horizons to enhance hydrogen commercialization globally.

• Incorporation of H2H's patented technologies into RONN's FCEVs and hydrogen hub projects.

• Potential extension of the range of hydrogen logistic vehicles through patented storage solutions.

• Opportunity for synergistic agreements beyond the Barbados project.

Negative

• None.

SCOTTSDALE, Ariz., April 29, 2024 /PRNewswire/ -- RONN, Inc. (OTC: RONN) announced today that it has signed an LOI to form a joint venture with its long-time friends at Hydrogen Horizons. https://hydrogenhorizons.co.uk . The purpose of the Joint Venture is to work together and further enhance the commercialization of hydrogen around the globe. H2H is a leading pioneer in the hydrogen space with patented technologies of advanced hydrogen storage and hydrogen cooling systems.

Ronn Ford, CEO of RONN, Inc., stated that we bring years of experience in consulting and providing R/D on various applications of H2H patented products. Our goal is to support H2H and incorporate as many of its products into our FCEVs as possible, as well as improve our expected hydrogen hub projects. Ronn added that the patented storage solutions could extend the range of our hydrogen logistic vehicles.

Harry McGregor and Willian Lloyd, principals with Hydrogen Horizons, stated they were pleased to be partnering with their long-time friend Ronn Ford. We are already working with RONN, Inc. to provide vehicles for our Barbados project, and they also added that we will be introducing and working to bring RONN, Inc. into our many other projects globally. As this LOI moves to a completed JV, we hope to add others to the agreement that are synergistic with hydrogen; our network could produce other agreements for RONN, Inc.

For media inquiries, please contact:

For more information, go to www.ronnmotorgroup.com or contact John Morgan at 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. 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.

View original content:https://www.prnewswire.com/news-releases/ronn-inc-signs-joint-venture-loi-with-hydrogen-horizons-302129565.html

SOURCE RONN, Inc.