RONN Inc. Secures and Signs Joint Venture in the Kingdom of Saudi Arabia With Expected 90/10 Financial Terms as Phase 2 of Middle East Expansion
Ronn Inc. (OTC PINK:RONN) has announced a significant Phase Two strategic investment joint venture agreement in Saudi Arabia, following its recent Phase One Strategic Agreement. The deal establishes a 50/50 equity ownership structure with a Saudi infrastructure group, featuring a 90/10 capital commitment where the Saudi partner will provide 90% of the funding.
The joint venture encompasses several key initiatives including: funding for Class 3-6 hydrogen logistic truck prototypes with Roush, manufacturing infrastructure in both the U.S. and Saudi Arabia, and Hypercar development. Ronn Inc. will contribute executive leadership, intellectual property, proprietary hydrogen technology, and strategic relationships with U.S. manufacturers.
The partnership aligns with Saudi Arabia's Vision 2030 and its $1 trillion investment initiative targeting U.S. strategic industries, particularly in the hydrogen sector, exemplified by projects like the $8.4 billion NEOM Green Hydrogen Plant.
Ronn Inc. (OTC PINK:RONN) ha annunciato un importante accordo di joint venture strategica per la Fase Due in Arabia Saudita, a seguito del recente Accordo Strategico di Fase Uno. L’accordo stabilisce una struttura di proprietà azionaria 50/50 con un gruppo infrastrutturale saudita, con un impegno di capitale 90/10 in cui il partner saudita fornirà il 90% dei finanziamenti.
La joint venture comprende diverse iniziative chiave, tra cui: finanziamento per prototipi di camion logistici a idrogeno di Classe 3-6 con Roush, infrastrutture produttive negli Stati Uniti e in Arabia Saudita, e sviluppo di Hypercar. Ronn Inc. contribuirà con leadership esecutiva, proprietà intellettuale, tecnologia proprietaria sull’idrogeno e relazioni strategiche con produttori statunitensi.
La partnership è in linea con la Vision 2030 dell’Arabia Saudita e il suo programma di investimenti da 1 trilione di dollari rivolto alle industrie strategiche statunitensi, in particolare nel settore dell’idrogeno, come dimostrano progetti come l’impianto NEOM Green Hydrogen da 8,4 miliardi di dollari.
Ronn Inc. (OTC PINK:RONN) ha anunciado un importante acuerdo de empresa conjunta estratégica de Fase Dos en Arabia Saudita, tras su reciente Acuerdo Estratégico de Fase Uno. El acuerdo establece una estructura de propiedad accionaria 50/50 con un grupo de infraestructura saudí, con un compromiso de capital 90/10 donde el socio saudí aportará el 90% del financiamiento.
La empresa conjunta abarca varias iniciativas clave, incluyendo: financiamiento para prototipos de camiones logísticos de hidrógeno Clase 3-6 con Roush, infraestructura de fabricación en EE. UU. y Arabia Saudita, y desarrollo de Hypercar. Ronn Inc. aportará liderazgo ejecutivo, propiedad intelectual, tecnología propia de hidrógeno y relaciones estratégicas con fabricantes estadounidenses.
La asociación se alinea con la Visión 2030 de Arabia Saudita y su iniciativa de inversión de 1 billón de dólares dirigida a industrias estratégicas estadounidenses, especialmente en el sector del hidrógeno, ejemplificada por proyectos como la planta NEOM Green Hydrogen de 8.4 mil millones de dólares.
Ronn Inc. (OTC PINK:RONN)은 최근 1단계 전략적 계약에 이어 사우디아라비아에서 중요한 2단계 전략적 투자 합작 계약을 발표했습니다. 이 계약은 사우디 인프라 그룹과 50/50 지분 소유 구조를 확립하며, 사우디 파트너가 자본의 90%를 부담하는 90/10 자본 출자 비율을 특징으로 합니다.
합작 투자에는 Roush와 함께하는 클래스 3-6 수소 물류 트럭 프로토타입 자금 지원, 미국과 사우디아라비아의 제조 인프라, 하이퍼카 개발 등 여러 주요 프로젝트가 포함됩니다. Ronn Inc.는 경영진 리더십, 지적 재산권, 독자적인 수소 기술, 미국 제조업체와의 전략적 관계를 제공할 예정입니다.
이 파트너십은 사우디아라비아의 비전 2030 및 미국 전략 산업, 특히 수소 분야를 목표로 하는 1조 달러 투자 이니셔티브와 부합하며, 84억 달러 규모의 NEOM 그린 수소 플랜트와 같은 프로젝트가 그 예입니다.
Ronn Inc. (OTC PINK:RONN) a annoncé un accord stratégique majeur de coentreprise en phase deux en Arabie Saoudite, suite à son récent accord stratégique de phase un. L’accord établit une structure de propriété à 50/50 avec un groupe d’infrastructures saoudien, avec un engagement de capital 90/10 où le partenaire saoudien fournira 90 % du financement.
La coentreprise comprend plusieurs initiatives clés, notamment : le financement de prototypes de camions logistiques à hydrogène de classes 3-6 avec Roush, des infrastructures de fabrication aux États-Unis et en Arabie Saoudite, ainsi que le développement d’Hypercar. Ronn Inc. apportera son leadership exécutif, sa propriété intellectuelle, sa technologie exclusive de l’hydrogène et ses relations stratégiques avec des fabricants américains.
Le partenariat s’inscrit dans la Vision 2030 de l’Arabie Saoudite et dans son initiative d’investissement d’un billion de dollars ciblant les industries stratégiques américaines, notamment dans le secteur de l’hydrogène, illustrée par des projets tels que l’usine NEOM Green Hydrogen de 8,4 milliards de dollars.
Ronn Inc. (OTC PINK:RONN) hat eine bedeutende strategische Investitions-Joint-Venture-Vereinbarung der Phase Zwei in Saudi-Arabien bekannt gegeben, nach seiner jüngsten strategischen Vereinbarung der Phase Eins. Der Deal etabliert eine 50/50 Eigentümerstruktur mit einer saudischen Infrastrukturgruppe, mit einer 90/10 Kapitalbeteiligung, bei der der saudische Partner 90 % der Finanzierung stellt.
Das Joint Venture umfasst mehrere wichtige Initiativen, darunter: Finanzierung von Prototypen für Wasserstoff-Logistik-Lkw der Klassen 3-6 mit Roush, Produktionsinfrastruktur in den USA und Saudi-Arabien sowie Hypercar-Entwicklung. Ronn Inc. bringt Führungskompetenz, geistiges Eigentum, proprietäre Wasserstofftechnologie und strategische Beziehungen zu US-Herstellern ein.
Die Partnerschaft steht im Einklang mit Saudi-Arabiens Vision 2030 und seiner 1-Billion-Dollar-Investitionsinitiative, die auf strategische US-Industrien abzielt, insbesondere im Wasserstoffsektor, wie Projekte wie die 8,4-Milliarden-Dollar-NEOM Green Hydrogen-Anlage zeigen.
- Saudi partner commits to providing 90% of capital funding
- Strategic 50/50 equity ownership structure secured
- Access to Saudi Arabia's $1 trillion investment initiative
- Expansion into multiple revenue streams: logistics trucks and Hypercar production
- Creation of manufacturing facilities in both US and Saudi Arabia
- Heavy dependence on Saudi partner for capital funding (90%)
- Early-stage development status of products
- Execution risks in operating across two countries
SCOTTSDALE, ARIZONA / ACCESS Newswire / April 16, 2025 / Ronn Inc. (OTC PINK:RONN), following its recently announced Phase One Strategic Agreement in the Kingdom of Saudi Arabia, today announced the execution of a Phase Two strategic investment joint venture agreement with prominent Saudi partners.
Mr. Ronn Ford, CEO of RONN Inc., stated:
"This agreement outlines a 50/50 Joint Venture structure and a 90/10 financial commitment with a highly respected Saudi infrastructure group. This milestone represents a pivotal advancement in Ronn's strategic expansion into the Middle East and strengthens our positioning as a leader in global hydrogen innovation."
Key Structure of the Joint Venture:
50/50 Equity Ownership between Ronn Inc. and its Saudi partner
90/10 Capital Commitment, with the Saudi group providing
90% of the funding for infrastructure, including office setup and early-stage manufacturing development in both the U.S. and Saudi ArabiaInitial funding to support completion of Class 3-6 hydrogen logistic truck prototypes with Roush, manufacturing tooling, and the launch of production in the U.S.
Development of a secondary plant in Saudi Arabia for the deployment of logistic vehicles across major Saudi cities
Creation of hundreds of manufacturing and R&D jobs across both the United States and Saudi Arabia
Completion of Hypercar engineering and tooling in the U.S., with final assembly and factory development in Saudi Arabia to meet regional demand
Ronn Inc. will contribute executive leadership, intellectual property, proprietary hydrogen technology, and strategic relationships with U.S. manufacturers such as Roush and Magna.
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Mr. Ford continued:
"This JV and the financial commitment arrive at a time when Saudi Arabia is accelerating its multi-trillion-dollar economic transformation, including a publicly announced
"Our partner's commitment to funding
Engineer Fouad and his investment team bring decades of experience in infrastructure development, including leadership roles in Saudi Arabia's national high-speed rail systems, industrial city construction, and sovereign-backed innovation corridors. While the partner has requested discretion in public-facing media, their influence in the Kingdom's transformation is well-documented within institutional and government circles.
For media inquiries contact:
Ronn Ford
Ronn.ford@ronnmotorgroup.com
ABOUT RONN MOTOR GROUP
Ronn Motor Group has spent over a decade developing a complete line of luxury, high-performance hydrogen-powered vehicles. Its portfolio includes the Q-Series MystSUV (delayed), a line of Class 3-5 Hydrogen Fuel Cell Electric Vehicles (HFCEV), and next-generation hydrogen Hypercars-expected to begin roll-out in 2026.
Ronn Motor Group's headquarters are in Scottsdale, Arizona. Its Engineering and Innovation Center is scheduled to open in Detroit in late 2025.
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Forward-Looking Statements:
This release may contain forward-looking statements relating to future events or anticipated performance. Actual results may differ materially due to various risk factors, including but not limited to changes in market conditions, regulatory environments, final deal execution, manufacturing delays, and geopolitical events. Ronn Inc. undertakes no obligation to revise or update any forward-looking statements publicly.
SOURCE: RONN Inc.
View the original press release on ACCESS Newswire
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