RONN Meets The Virginia Economic Team In Scottsdale
Rhea-AI Summary
RONN Inc. (OTC PINK:RONN) met with Virginia's economic team in Scottsdale, Arizona on March 18, 2025, to explore hydrogen development and manufacturing opportunities in Virginia. The discussions focused on:
1. Potential conversion of unused factories into manufacturing facilities for hydrogen products
2. Development of vocational training programs in partnership with local colleges for hydrogen fuel production and R&D
3. Implementation of RONN's proprietary low-pressure hydrogen storage systems
The meeting represents early-stage discussions about possible future projects, with no definitive agreements announced. The company aims to capitalize on growing government interest in clean energy solutions, particularly in hydrogen technology.
Positive
- Early-stage discussions for potential expansion into Virginia market
- Possible development of new manufacturing facilities with minimal initial investment using existing structures
- Potential for educational partnerships that could create additional revenue streams
Negative
- No definitive agreements or commitments made
- Project implementation timeline and costs undefined
- Success dependent on securing financing and regulatory approvals
News Market Reaction 1 Alert
On the day this news was published, RONN declined NaN%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
SCOTTSDALE, AZ / ACCESS Newswire / March 18, 2025 / RONN Inc. (OTC PINK:RONN) "Ready for some exciting news? RONN Inc. just caught the eye of Virginia's economic leaders, and here's why that matters
They came to Arizona to meet our CEO, Mr. Ford, to discuss recent economic opportunities related to hydrogen development and manufacturing-think of them as ‘potential golden tickets'-to build hydrogen projects in Virginia. Mr. Ford plans to check out spectacular unused factories that could become brand-new manufacturing hubs for hydrogen products and vocational training grounds.
Picture giant state-of-the-art manufacturing space being repurposed into eco-friendly manufacturing and R/D space, with students from local colleges learning how to create hydrogen fuel and do Research and Development. Meanwhile, RONN's unique, low-pressure hydrogen storage systems could make this dream an even cheaper and faster path to revenue.
Why is everyone so excited about hydrogen? Because governments worldwide want cleaner energy, hydrogen is one of the components some call the secret sauce to a cleaner future. So keep your eyes on RONN Inc.-they might just be another of the sparks that light up our hydrogen future!"
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to planned projects, future operations, strategic initiatives, and growth projections. These statements are based on current expectations, estimates, and projections about the industry and markets in which RONN Inc. operates, management's beliefs, and assumptions made by management. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause actual results to differ materially from those indicated in such statements. These risks and uncertainties include, but are not limited to, the Company's ability to secure necessary financing, regulatory approvals, the success of future product and service offerings, and other risks detailed from time to time in the Company's most recent filings with the Securities and Exchange Commission. RONN Inc. undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise.
About RONN Inc. (OTC PINK:RONN)
RONN Inc. is a forward-leaning energy and technology company specializing in hydrogen-based solutions aimed at redefining mobility and infrastructure. Through strategic partnerships, such as its JV with Hydrogen Energy Solutions, RONN Inc. focuses on accelerating the global transition to sustainable energy while delivering value to shareholders and community stakeholders alike.
Contact Information
Ronn Ford
CEO
ronn.ford@ronnmotorgroup.com
SOURCE: RONN
View the original press release on ACCESS Newswire