Ronn Inc. Speaks on Hydrogen Perspective 2025

Rhea-AI Summary

Ronn Inc. (OTC PINK:RONN) outlines its hydrogen strategy and market perspective for 2025. The company highlights several key initiatives including: a partnership with the Canadian Tobique Indian Nation for a cross-continental hydrogen conduit, plans for electrolyzer supply in Korea, and development of hydrogen vehicles including the SCORPION Supercar, PHOENIX, MYST SUV, and Class 3-6 logistics trucks.

The company has secured access to patented low-pressure hydrogen storage technology through a joint venture with HES and holds patents for new production electrolyzers. The announcement details five key areas for hydrogen impact by 2025: industry decarbonization, transportation revolution, energy storage solutions, job creation, and global collaboration. Ronn Ford will represent Monaco's delegation at the World Economic Forum in Davos, Switzerland, in January 2025.

Positive

• Secured joint venture with HES for patented low-pressure hydrogen storage technology
• Holds patents for new production electrolyzers
• Established partnership with Canadian Tobique Indian Nation for hydrogen infrastructure
• Developed multiple hydrogen vehicle designs including commercial trucks and supercars

Negative

• No current revenue or production metrics provided
• Vehicle projects contingent on 'proper capitalization'
• Trading on OTC Pink market indicates lower tier exchange listing

Hydrogen in 2025: A Key Player in Energy Transition

SCOTTSDALE, AZ / ACCESSWIRE / December 17, 2024 / Ronn, Inc., (OTC PINK:RONN) As we approach 2025, the conversation surrounding energy transition and sustainable practices has never been more critical. Hydrogen, often referred to as the "fuel of the future," is poised to play a pivotal role in shaping a cleaner, more sustainable energy landscape. With its potential to reduce greenhouse gas emissions and enhance energy security, hydrogen is set to become an essential component of global energy strategies.

RONN Inc. has innovative energy solutions to move the world into a cleaner future. Hydrogen stands out due to its versatility and ability to be produced from various sources, including water, natural gas, and biomass. As a clean energy carrier, hydrogen can be utilized in numerous sectors, including transportation, industrial processes, and electricity generation.

A recent report highlights several key areas where hydrogen will make a significant impact by 2025:

1. Decarbonization of Industries: Hydrogen has the potential to replace fossil fuels in heavy industries, such as steel and cement production, which are traditionally significant sources of carbon emissions. Industries can significantly reduce their carbon footprint by adopting hydrogen as a fuel source.

RONN Inc. is working with the Canadian Tobique Indian Nation as the beginning of a Hydrogen Conduit across the Canadian continent via the indigenous reservations. In Korea, we are looking to supply many electrolyzers and low-pressure hydrogen storage.

2. Transportation Revolution: As the automotive industry shifts towards greener alternatives, hydrogen fuel cell vehicles are gaining traction. By 2025, we expect to see a substantial increase in hydrogen-powered vehicles on the road for cleaner urban air quality and reduced dependence on oil.

RONN Inc., designer of the SCORPION Hydrogen Supercar, has completed feasibility and engineering on Class 3-6 Hydrogen Fuel Cell Logistic Trucks. We also have feasibility and engineering ready on a Hydrogen SUV, the "Myst," should the market develop alongside proper capitalization. Of course, we have the "PHOENIX," version two of the world-famous SCORPION.

3. Energy Storage Solutions: Hydrogen can effectively store excess renewable energy, addressing the intermittency issues of solar and wind power. This capability makes hydrogen an invaluable asset in the transition to a renewable energy grid.

RONN INC. has gained access to Patented Low-Pressure Hydrogen Storage, which is also used for transportation, via its new Joint Venture with HES. We also have Patents for New Production Electrolizers.

4. Job Creation and Economic Growth: The hydrogen sector is projected to create millions of jobs globally. Investment in hydrogen infrastructure and technology will stimulate economic growth and provide new employment opportunities in research, manufacturing, and installation.

5. Global Collaboration: Nations are increasingly recognizing the importance of hydrogen in achieving their climate goals. Collaborative initiatives and partnerships are emerging to accelerate research, share best practices, and develop international hydrogen supply chains.

Ronn Ford has been invited to speak at the World Economic Forum in Davos, Switzerland, in January 2025 as a representative of the Monaco delegation to discuss global hydrogen initiatives.

As we look toward 2025, shareholders, businesses, and leaders across all sectors need to prioritize hydrogen development and integration. Public and private investments, coupled with supportive policies, will be crucial in unlocking hydrogen's full potential as a clean energy source.

MERRY, MERRY CHRISTMAS AND A HAPPY NEW YEAR DURING THESE JOYOUS HOLIDAYS

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.

Contact Information
John Morgan
IR
jmorgan@ronnmotorgroup.com

SOURCE: Ronn, Inc

View the original press release on accesswire.com

FAQ

What major partnerships has Ronn Inc. (RONN) announced for hydrogen distribution in 2024?

Ronn Inc. has announced a partnership with the Canadian Tobique Indian Nation to develop a hydrogen conduit across Canadian indigenous reservations, and plans for electrolyzer supply in Korea.

What hydrogen vehicles is Ronn Inc. (RONN) currently developing?

Ronn Inc. is developing the SCORPION Hydrogen Supercar, its successor PHOENIX, the MYST SUV, and Class 3-6 Hydrogen Fuel Cell Logistic Trucks.

What patented technology does Ronn Inc. (RONN) have access to through its HES joint venture?

Through its joint venture with HES, Ronn Inc. has gained access to patented low-pressure hydrogen storage technology, which can be used for transportation.

Where will Ronn Inc. (RONN) present its hydrogen initiatives in January 2025?

Ronn Ford will present at the World Economic Forum in Davos, Switzerland, in January 2025 as part of the Monaco delegation to discuss global hydrogen initiatives.