Ronn Inc. Signs Hydrogen Development Partnership Agreement with Tobique First Nations

SCOTTSDALE, AZ, August 15, 2024 (Newswire.com) - RONN Inc (OTC PINK:RONN) announced that the Company has officially forged a strategic partnership with the Tobique First Nation to develop hydrogen production and infrastructure, with an initial investment of $1 million from the First Nation. Mr. Ford added that this Agreement is expected to evolve into a multi-million-dollar partnership, providing both hydrogen infrastructure sales, ongoing operational income, FCEV truck sales, and future revenues from hydrogen sales.

Mr. Ford continued by stating that the Tobique First Nations plans to maximize the potential use of their new wind farm by working with RONN Inc. to evaluate and potentially produce power for hydrogen production, mirroring a recent significant 430 million dollar partnership between Canada and Germany https://www.cbc.ca/news/canada/newfoundland-labrador/canada-germany-hydrogen-deal-1.7146700.

Julian Moulton stated, "Partnering with RONN INC. to develop hydrogen hubs within New Brunswick, the Tobique Nation, and surrounding areas presents a unique opportunity to capitalize on the growing clean energy market and the Net Zero clean emissions initiative. This initiative promises economic benefits, environmental stewardship, and technological leadership, making it a compelling investment for sustainable future growth."

Mr. Moulton highlighted the importance of hydrogen technologies in achieving a Net Zero environment, and the importance of the execution of this contract following productive discussions with local leaders and industry CEOs. This collaboration is set to involve various stakeholders, including Tobique First Nation taking the lead, local city officials, and private commercial industries to ensure the sustainable growth of the region.

For media inquiries, please contact:

For more information, go to www.ronnmotorgroup.com or contact John Morgan at [email protected]

About RONN, Inc

RONN, Inc. is a forward-thinking company dedicated to making a positive impact on the environmental credit market. With a commitment to innovation and sustainability in the commercialization of Hydrogen in both mobile and stationary sectors, RONN, Inc. strives to create value for both its shareholders and the planet.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Factors that could cause or contribute to such differences include but are not limited to, the success of RONN, Inc. initiatives in the hydrogen tax credit market. RONN, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Contact Information

John Morgan
IR
[email protected]

SOURCE: Ronn inc

Source: RONN