RONN, Inc. Stock Price, News & Analysis

RONN Inc. (OTC PINK:RONN) has announced a Joint Venture (JV) agreement with Hydrogen Energy Solutions (HES) to enhance hydrogen initiatives globally. The partnership includes plans for multiple hydrogen hubs worldwide and agreements with ports for hydrogen transportation to European markets. Key features of the JV include:

1. Exclusive rights for RONN to use HES's innovative Hydrro-Paks, a low-pressure hydrogen storage solution, for mobile applications.
2. A revenue-sharing model between RONN and HES.
3. Integration of RONN hydrogen vehicles in all HES projects.
4. RONN serving as the provider of hydrogen logistics trucks and work vehicles for the JV's net-zero emissions goal.

The collaboration aims to create hydrogen hubs powering various global initiatives, strengthening both companies' positions in the hydrogen energy sector.

RONN, Inc. (OTC PINK:RONN) has announced that CEO Ronn Ford will meet with Hydrogen Energy Systems (HES) executives to finalize a joint venture agreement, transitioning from a Letter of Intent. The partnership will integrate Hydrogenin Horizons PEM electrolyzer with the Hydra-Pak system for wind turbine-based hydrogen production and storage.

RONN has been collaborating with Indigenous First Nations in Canada to establish hydrogen hubs using wind turbines for green hydrogen production. The joint venture will benefit from HES's hydrogen sales contracts and utilize RONN's hydrogen-electric logistic vehicles across projects. The agreement is expected to include the Port of St. John in New Brunswick for hydrogen export, advancing the commercialization of the hydrogen economy for both companies.

RONN Inc. (OTC PINK:RONN) has announced an expanded meeting with Tobique First Nations leaders to discuss plans for establishing up to 10 hydrogen hubs across Canada. This initiative aims to create a virtual hydrogen highway on First Nations land, enabling travel with NetZero hydrogen vehicles. The project, estimated to require up to $1 billion investment over the next decade, includes Class 8 hydrogen-electric trucks for freight and future retail passenger vehicles.

The partnership with Tobique is part of a larger strategy involving three wind farms and hydrogen pilot programs for local utilities and airport heating. Financing options include government grants, potential bonds, and green hydrogen sales. A revenue-sharing model for hydrogen sales is included, with plans to export hydrogen to Europe through the local port. RONN is also finalizing a separate joint venture with several hydrogen contracts.

Ronn, Inc. (OTC PINK:RONN) has confidentially submitted a Form S-1 to the SEC for initial review, aiming to uplist its common stock to the NASDAQ Senior Exchange. The company plans an associated offering, though details on share numbers and price range are yet to be determined. The uplist is expected to proceed after SEC review, subject to market conditions and exchange approval. Ronn anticipates retaining its "RONN" ticker symbol.

CEO Ronn Ford highlighted the company's progress in overcoming regulatory challenges and marketing their hydrogen Hypercar. He also noted successes in securing hydrogen hub contracts with Indigenous Nations of Canada and acquiring new patented hydrogen technologies. Ford expressed optimism about the company's future in the emerging hydrogen industry.

RONN Inc (OTC PINK:RONN) has secured an exclusive agreement with Hydrogen Energy Systems Inc. for their patented low-pressure hydrogen storage solutions, Hydra-Paks, for use in logistic trucks and passenger vehicles. This technology is expected to enhance the range, commercial competitiveness, and safety of RONN's HFC Mid-Mile Logistic vehicles.

The Hydra-Pak system offers several benefits:

• Safe storage of hydrogen at low pressures using a patented porous metal hydride (PMH) material
• Resolved issues with metal hydrides, including compaction prevention and improved thermal transfer
• Capable of around 60,000 reverse hydrogen cycles
• Stores at least 4X more hydrogen at low pressure compared to high-pressure cylinders
• Delivers 99.9999% hydrogen purity
• Non-explosive with no hydrogen leakage

RONN Inc (OTC:RONN) has been requested to lead a hydrogen development meeting with the Tobique First Nations Economic Development Council in Canada. This follows their August 2024 agreement and aims to expand discussions to include other First Nations Tribes. The meeting will focus on developing policies for climate protection, land preservation, and community well-being.

Julian Moulton of Tobique EDC emphasized the partnership's potential to capitalize on the clean energy market and contribute to the Net Zero emissions initiative. The agenda includes maximizing the use of Tobique's new wind farm for hydrogen generation, with applications extending beyond Tobique to New Brunswick, St. John, and other Canadian First Nations Tribes.

RONN Inc. (OTC PINK:RONN) has announced an expanded MOU with Hydrogen Energy Systems Inc., focusing on patented low-pressure hydrogen storage solutions called Hydra-Paks. These will be implemented in RONN's hydrogen hub projects for Canadian First Nations agreements and adapted into RONN's HFC Mid-Mile Logistic vehicles for extended range.

The collaboration aims to promote sustainable low-pressure hydrogen technologies in both mobile and stationary applications. The US hydrogen energy storage market, valued at $3.17 billion in 2023, is expected to grow at a 5.3% CAGR from 2024 to 2030. Globally, the market is projected to expand from $11.4 billion in 2023 to $196.8 billion by 2028, driven by clean fuel demand and government efforts to reduce emissions.

RONN Inc (OTC PINK:RONN) has announced a strategic partnership with the Tobique First Nation to develop hydrogen production and infrastructure. The agreement includes an initial $1 million investment from the First Nation and is expected to grow into a multi-million-dollar partnership. The collaboration aims to provide hydrogen infrastructure sales, operational income, FCEV truck sales, and future hydrogen sales revenues.

The partnership plans to leverage Tobique First Nation's new wind farm for potential hydrogen production, similar to a recent $430 million Canada-Germany hydrogen deal. Julian Moulton, representing Tobique Nation, emphasized the opportunity to capitalize on the growing clean energy market and Net Zero initiatives, promising economic benefits and environmental stewardship.

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.