Budget Approval Expected Saturday for RONN Inc.-Saudi Arabia Hydrogen Joint Venture
RONN Inc. (OTC PINK:RONN), a U.S.-based hydrogen technology company, is set to meet with its Saudi Arabian joint venture partners on Saturday to finalize the budget for "RONN Saudi Arabia". The venture's budget is expected to be valued between high eight to nine figures, with a 90/10 financing structure where Saudi partners will provide the majority of funding.
The joint venture aligns with Saudi Arabia's Vision 2030 goals, focusing on hydrogen mobility, infrastructure, and manufacturing initiatives. RONN Inc. will concentrate on hydrogen technology development and engineering, while Saudi leadership will manage regional infrastructure and regulatory aspects.
RONN Inc. (OTC PINK:RONN), un'azienda statunitense specializzata in tecnologia dell'idrogeno, si incontrerà sabato con i suoi partner della joint venture saudita per definire il budget di "RONN Saudi Arabia". Il budget previsto per la joint venture si aggira tra cifre elevate a otto e nove zeri, con una struttura di finanziamento 90/10 in cui i partner sauditi forniranno la maggior parte dei fondi.
La joint venture è in linea con gli obiettivi della Vision 2030 dell'Arabia Saudita, concentrandosi sulla mobilità a idrogeno, infrastrutture e iniziative di produzione. RONN Inc. si dedicherà allo sviluppo e all'ingegneria della tecnologia dell'idrogeno, mentre la leadership saudita gestirà le infrastrutture regionali e gli aspetti normativi.
RONN Inc. (OTC PINK:RONN), una empresa estadounidense especializada en tecnología del hidrógeno, se reunirá el sábado con sus socios de la empresa conjunta saudí para finalizar el presupuesto de "RONN Saudi Arabia". Se espera que el presupuesto de la empresa conjunta esté valorado entre cifras altas de ocho a nueve dígitos, con una estructura de financiamiento 90/10 donde los socios saudíes aportarán la mayor parte del financiamiento.
La empresa conjunta está alineada con los objetivos de la Visión 2030 de Arabia Saudita, enfocándose en movilidad de hidrógeno, infraestructura e iniciativas de manufactura. RONN Inc. se centrará en el desarrollo y la ingeniería de tecnología del hidrógeno, mientras que el liderazgo saudí se encargará de la infraestructura regional y los aspectos regulatorios.
RONN Inc. (OTC PINK:RONN)는 미국에 기반을 둔 수소 기술 회사로서, 토요일에 사우디아라비아 합작 투자 파트너들과 만나 "RONN Saudi Arabia"의 예산을 최종 확정할 예정입니다. 이 합작 투자 예산은 8~9자리 고액으로 예상되며, 사우디 파트너가 대부분의 자금을 제공하는 90/10 금융 구조를 갖추고 있습니다.
이 합작 투자는 사우디아라비아의 비전 2030 목표와 일치하며, 수소 이동성, 인프라 및 제조 이니셔티브에 중점을 둡니다. RONN Inc.는 수소 기술 개발 및 엔지니어링에 집중하고, 사우디 리더십은 지역 인프라와 규제 측면을 관리할 것입니다.
RONN Inc. (OTC PINK:RONN), une entreprise américaine spécialisée dans la technologie de l'hydrogène, doit rencontrer ses partenaires de la coentreprise saoudienne ce samedi pour finaliser le budget de "RONN Saudi Arabia". Le budget de la coentreprise devrait se situer entre des montants élevés à huit ou neuf chiffres, avec une structure de financement 90/10 où les partenaires saoudiens fourniront la majeure partie des fonds.
Cette coentreprise s'aligne sur les objectifs de la Vision 2030 de l'Arabie Saoudite, en se concentrant sur la mobilité à l'hydrogène, les infrastructures et les initiatives de fabrication. RONN Inc. se consacrera au développement et à l'ingénierie des technologies de l'hydrogène, tandis que la direction saoudienne gérera les infrastructures régionales et les aspects réglementaires.
RONN Inc. (OTC PINK:RONN), ein in den USA ansässiges Wasserstoff-Technologieunternehmen, wird sich am Samstag mit seinen saudischen Joint-Venture-Partnern treffen, um das Budget für "RONN Saudi Arabia" abzuschließen. Das Budget des Joint Ventures wird voraussichtlich im hohen acht- bis neunstelligen Bereich liegen, mit einer 90/10-Finanzierungsstruktur, bei der die saudischen Partner den Großteil der Finanzierung übernehmen.
Das Joint Venture steht im Einklang mit den Zielen der Vision 2030 Saudi-Arabiens und konzentriert sich auf Wasserstoffmobilität, Infrastruktur und Produktionsinitiativen. RONN Inc. wird sich auf die Entwicklung und das Engineering von Wasserstofftechnologien konzentrieren, während die saudische Führung die regionale Infrastruktur und regulatorische Aspekte verwaltet.
- Significant funding potential in high eight to nine-figure range
- 90/10 financing structure minimizes capital requirements for RONN Inc.
- Strategic alignment with Saudi Arabia's Vision 2030 goals
- Access to Saudi Arabian market and infrastructure
- Heavy dependence on Saudi partners for funding (90% of capital)
- Budget not yet approved, indicating execution uncertainty
- Limited control with minority stake in the venture
RIYADH, SAUDI ARABIA AND SCOTTSDALE, AZ / ACCESS Newswire / May 1, 2025 / RONN Inc. (OTC PINK:RONN), a U.S.-based hydrogen technology innovator, announced today that it will meet with its Saudi Arabian joint venture partners this Saturday to finalize and approve the budget for the newly formed "RONN Saudi Arabia" venture.
This pivotal meeting represents the final step in aligning both parties on the near- and long-term capital deployment strategy for the joint venture, which is expected to be valued in the high eight to nine-figure range. CEO Ronn Ford confirmed that the RONN Inc. executive team will present a comprehensive draft budget during the session, with official approval and sign-off anticipated by the conclusion of the meeting.
The joint venture is structured with a 90/10 financing model, with Saudi partners providing the majority of funding. This strategic arrangement allows RONN Inc. to focus on hydrogen technology development, engineering, and rapid deployment, while Saudi leadership manages regional infrastructure and regulatory pathways.
"This meeting marks a critical milestone in moving from framework to execution," said Ford. "Both teams are aligned in vision-and this budget is the tool that will accelerate our shared mission into action."
RONN Inc. and its Saudi partners are working closely to ensure the joint venture reflects the Kingdom's Vision 2030 goals. With hydrogen playing a central role in Saudi Arabia's national energy transition, the joint venture is expected to contribute meaningfully to regional hydrogen mobility, infrastructure, and manufacturing initiatives.
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About RONN Inc.
RONN Inc. is a U.S.-based hydrogen technology company focused on developing zero-emission hydrogen fuel cell vehicles, modular infrastructure, and high-performance supercars. The company is committed to scalable innovation, sustainable energy solutions, and global partnerships that accelerate the hydrogen economy.
Forward-Looking Statements
This press release contains forward-looking statements, including projections and estimates, which are subject to risks and uncertainties. Actual results may differ materially due to various factors. RONN Inc. undertakes no obligation to update these statements except as required by law.
Contact:
Ronn Ford, CEO
Ronn.ford@ronnmotorgroup.com
Social Media: @ronnmotorgroup on X
Website: www.ronnmotorgroup.com
SOURCE: RONN
View the original press release on ACCESS Newswire
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