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RONN Signs Agreement with IM - 1 Development, LLC To Provide Project Development Services for Ronn's Hydrogen Pilot Programs Canada

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RONN, Inc. has signed an agreement with IM-1 Development, LLC to facilitate the design, development, and construction of their Hydrogen Hub Facilities and Production of Trucks. IM-1 Development will also assist in procuring Qualified End-Users for the project. The CEO, Ronn Ford, expressed confidence in the partnership and highlighted IM-1 Development's experience in Canada and First Nations projects.
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SCOTTSDALE, AZ / ACCESSWIRE / November 2, 2023 / RONN, Inc. (OTC PINK:RONN)

Ronn Ford, Company CEO, announced today that an agreement has been signed with IM-1 Development, LLC an Arizona-based Project Development Services company. IM-1 Development is a very experienced developer and manager of the planning, development, design, and construction., including negotiations of agreements with Qualified End-Users.

The developer agrees, among other things, to RONN's Hydrogen Hub Facilities and Production of Trucks and will act on behalf of RONN to:

  1. Facilitate the design, development, construction, improvement, and equipping of the Project on the Project Site, and
  2. Enable procurement of Qualified End-Users of the Project, including negotiation on our behalf, including but not limited to the operating agreement with a manager of the Project the operating agreement and revenue-generating leases, licenses, and similar contracts. IM-1 principals are experienced developers globally for gaming, hotels, sports arena, and other similar projects.

The company CEO, Ronn Ford, stated that this was a solid addition to our team; IM-1 Development has extensive experience in Canada and First Nations, providing their services on many large commercial projects. Our project for this release purpose is proposed to be up to 7 Pilots on 25-acre parcels of land located within Canadian Tribal Tracts of land authorized under the guidelines of the First Nations Authority and Bylaws of the respective Tribes, as approved by the Chief and Council.

About RONN Inc, formally (Ronn Motor Group)

Ronn Motor Group is an automotive company at the forefront of hydrogen fuel cell technology. Recognized for its unique propulsion solutions, Ronn Motor Group is committed to delivering high-performance Hydrogen Electric logistic trucks, vehicles, and hydrogen production systems that prioritize environmental responsibility and efficiency.

Ronn Ford
CEO
Ronn.ford@ronnmotorgroup.com

DISCLOSURE: This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including without limitation, the ability of RONN Motor Group to accomplish its stated plan of business. RONN Motor Group believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and their forward-looking statements included in this press release will prove to be accurate. Considering the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by RONN Motor Group or any other person.

SOURCE: RONN Motor Group



View source version on accesswire.com:
https://www.accesswire.com/798843/ronn-signs-agreement-with-im--1-development-llc-to-provide-project-development-services-for-ronns-hydrogen-pilot-programs-canada

FAQ

What is the agreement between RONN, Inc. and IM-1 Development, LLC about?

The agreement is about facilitating the design, development, and construction of RONN's Hydrogen Hub Facilities and Production of Trucks.

What role will IM-1 Development play in the project?

IM-1 Development will act on behalf of RONN to facilitate the project's development, negotiate agreements with Qualified End-Users, and handle operating agreements, revenue-generating leases, licenses, and contracts.

What experience does IM-1 Development have?

IM-1 Development has extensive experience in Canada and First Nations projects, particularly in the areas of gaming, hotels, sports arenas, and similar large commercial projects.

What is the proposed scope of the project?

The project aims to have up to 7 Pilots on 25-acre parcels of land located within Canadian Tribal Tracts of land authorized under the guidelines of the First Nations Authority and Bylaws of the respective Tribes.

Who is Ronn Ford?

Ronn Ford is the CEO of RONN, Inc.

What is RONN, Inc.'s stock symbol?

RONN, Inc.'s stock symbol is OTC PINK:RONN.

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