Welcome to our dedicated page for RONN news (Ticker: RONN), a resource for investors and traders seeking the latest updates and insights on RONN stock.
RONN Inc. (RONN) issues frequent updates about its hydrogen technology, vehicle programs, and international partnerships, making its news flow particularly relevant for those tracking hydrogen mobility and clean energy infrastructure. Company announcements describe a focus on hydrogen fuel cell electric vehicles for commercial fleets, hydrogen-powered supercars and hypercars, and modular fueling and logistics platforms.
Recent news has highlighted a multi-phase joint venture strategy in the Kingdom of Saudi Arabia, including a Strategic Commercial Market Access Agreement and a Phase Two joint venture with 50/50 equity and a 90/10 capital commitment. These releases describe planned funding for Class 3–6 hydrogen logistics truck prototypes, manufacturing tooling, and the development of production capacity in both the United States and Saudi Arabia, as well as hypercar engineering and assembly plans.
Other press releases cover RONN Inc.’s broader global hydrogen initiatives. The company has discussed a RONN-HES joint venture PEM electrolyzer manufacturing facility in Ceará, Brazil, potential manufacturing capacities in Glasgow through discussions with U.K. and Scottish stakeholders, and a Barbados hydrogen logistics and fueling hub project involving Class 4–5 hydrogen logistics trucks and hub infrastructure concepts.
In addition, RONN Inc. news includes updates on its HFCEV platform for Class 3–6 commercial vehicles, featuring low-pressure hydrogen storage systems and targeted long-range capabilities, as well as communications about its hydrogen hypercar project based on PEM fuel cell technology. Visitors to this news page can review these company-issued updates to follow developments in RONN Inc.’s joint ventures, vehicle programs, hydrogen manufacturing initiatives, and regional hydrogen strategies.
Ronn Inc. (OTC PINK:RONN) has successfully completed a comprehensive PCAOB financial audit, marking a significant milestone for the company. CEO Ronn Ford emphasized that this achievement demonstrates the company's commitment to growth, integrity, and shareholder value. The audit is a important step towards Ronn Inc. becoming fully reporting and filing an S-1.
The company aims to uplist to a higher exchange when market conditions allow, which is expected to broaden its investor base, increase market visibility, and provide greater liquidity for shareholders. Ronn Inc. focuses on de-carbonization solutions in the transportation sector, particularly through hydrogen production and vehicle design.
Ronn Ford, CEO of Ronn, attended the Geneva Supercar Show as a VIP guest and highlighted significant developments related to hydrogen technology advancement.
Key interactions included a meeting with the Ambassador of India to Switzerland, discussing joint ventures aimed at expanding the company's footprint in the U.S. and India. Another notable discussion was with officials from a renowned watch company about the new All Electric Hydrogen Hyper Automobile, potentially inspiring a special edition watch.
Non-Disclosure Agreements (NDAs) are expected to be signed soon, promoting further talks. Additionally, Hydrogen Horizons showed interest in participating in joint ventures between Indian companies and Ronn.
Ronn, Inc. (OTC PINK:RONN) announced ongoing JV and distribution agreement talks with Erisha, the electric vehicle division of India's Rana Group, and a potential third partner. Initial term sheets have been delivered, and final negotiations will conclude with an in-person meeting in New Delhi by the end of July. RONN’s CEO, Ronn Ford, highlighted the JV’s potential to inject cash, support a senior exchange listing, and distribute hydrogen hub pilot programs and Logistic Trucks. Initial sales are projected at 100 vehicles, potentially expanding to 1000. Target pricing for class 6 HFEV trucks could exceed $275K per unit. Further discussions will continue in Geneva at a Supercar event.
Ronn Inc. (OTC PINK:RONN) CEO Ronn Ford provides a shareholder update. The company is close to finalizing a $100 million MOU, with audits expected to complete within three weeks. An S-1 filing is planned by the end of July 2024, aiming for a senior exchange listing later in the year, market conditions permitting. Additionally, the Tobique First Nations hub agreement awaits final approval, marking the first of seven hydrogen hubs across Indigenous lands in Canada. These hubs will use Ronn Inc.'s new logistic trucks, fostering a virtual hydrogen highway. Meetings with seven Tribal Chiefs indicate supportive momentum.
RONN Inc. (OTC:RONN) announced plans to discuss its new Hyper Hydrogen Concept Automobile in Geneva. The company has signed a $100 million capital investment MOU to develop the successor to its Scorpion Hydrogen Hybrid Supercar. Global motor vehicle manufacturing rose 5.7% in May 2023. The Global Supercar Market, valued at $17.5 billion in 2023, is projected to reach $24.9 billion by 2033 with a CAGR of 3.7%. Founder and CEO Ronn Ford aims to rival brands like Bugatti and Koenigsegg with an upgraded Scorpion model. RONN Inc. aims to merge driving pleasure with cutting-edge, sustainable technologies.
Ronn Inc. (OTC PINK:RONN) has received a VIP invitation to the second annual Geneva Supercar Show, to be held at the Franck Muller factory in Geneva, Switzerland, in June 2024. The event promises significant opportunities for collaboration, partnerships, investments, and networking with prestigious brands, industry professionals, and global investors. CEO Ronn Ford emphasized the potential for fruitful alliances within the automotive world. Event Director Manoj Bairstow highlighted the exclusive nature of the event and the strong turnout from VIP clientele, facilitated by Franck Muller's reputation. Ronn Inc. is set to debut its hydrogen supercar at the show.
RONN, a leader in sustainable transportation, has engaged a PCAOB-registered audit firm to finalize its audits by June 2024. This is part of RONN's strategic plan to file a Form S-1 with the SEC and apply for an uplisting to Nasdaq. The completion of the audit and Form S-1 filing aims to enhance market visibility and credibility. CEO Ronn Ford highlighted this milestone as important for shareholder value.
RONN has signed a strategic partnership with Tobique First Nations Canada to establish a hydrogen production hub and manage a pilot program featuring hydrogen fuel cell trucks. The deal, initiated after nine months of discussion, includes a $1,000,000 initial investment for RONN. The project aims for economic, environmental, and technological benefits, supported by government incentives and growing market demand for clean energy. The hub is expected to be the first of seven, potentially worth $350 million. This initiative aligns with RONN's strategy to enhance its role in sustainable technology solutions.
Ronn, a company trading under OTC PINK:RONN, provided a market update highlighting the signing of an MOU for a significant equity investment expected to activate various LOIs. They announced a partnership with First Nations Canada worth potentially $500 million to establish hydrogen hubs. Ronn's HEV trucks will undergo pilot projects globally, including in Barbados and First Nations. The company emphasized the advantages of hydrogen over battery-powered vehicles. They also mentioned new potential partnerships and pilot programs resulting from an LOI with Hydrogen Horizons.
Ronn Inc. (OTC PINK:RONN), headquartered in Scottsdale, AZ, has announced a Memorandum of Understanding (MOU) securing a €100,000,000 investment for advancing hydrogen vehicle and hub projects. This commitment, facilitated by a Capital Management firm, aims to support Ronn's hydrogen fuel cell vehicle (HFCV) development and hydrogen hub projects globally.
The investment will be released in two tranches of €50 million each. The first tranche will directly fund Ronn's hydrogen truck development and First Nations hub project. The second tranche will target investments or acquisitions in complementary hydrogen companies and technologies.
Ronn CEO, Ronn Ford, emphasized the strategic importance of this investment amid global financial and political challenges, highlighting the potential for hydrogen to contribute to climate improvement and benefit shareholders and partners.
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