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Ronn Motor Company's Eco-Exotic Hydrogen Sports Car Gearing Up for Federal Government Safety and Emissions Testing
Company Contracts With Leading Automotive Engineering Firm to Complete Certification
AUSTIN, TX, Aug 26, 2008 (MARKET WIRE via COMTEX) -- Ronn Motor Company (PINKSHEETS: RNNM), today announced that it has contracted with Steve Trindade, President of Automotive Technology Group (ATG), to lead the Federal Motor Vehicle Safety Standards (FMVSS) certification program.
Automotive Technology Group is one of the few organizations with experience successfully certifying a boutique car through the FMVSS process. ATG is uniquely positioned to assist with certification, having lead certification on several boutique automobiles including: the Mosler MT900, Panoz Esperante, Saleen S7 and the Vector M12.
"I've been privileged to work with innovative automotive companies in the past and look forward to adding Ronn Motor Company to my resume of successful certifications," said Steve Trindade, President of ATG.
Ronn Maxwell, CEO of Ronn Motor Company, stated, "We are pleased to be working with ATG, an industry leading partner in automotive certification."
The United States uses a system of self-certification. The complete certification requires the sign off of two agencies: NHTSA and the EPA. NHTSA requires compliance with all FMVSS safety standards and the EPA oversees emissions compliance. Where physical tests are required, they must be carried out at certified test facilities with the proper government witnesses. These facilities are set up to help document the tests and collect test data as required. The tests require using a vehicle in the same condition that will be sold. Any changes to the vehicle specification after testing may require retesting. The Company plans on a minimum of two complete vehicles to carry out the testing. The EPA testing phase requires a vehicle be given to a testing lab for two to four months while tests are carried out and documentation completed. The certification is typically valid for four years.
Automotive Technology Group Inc. is a privately held California corporation specializing in automotive engineering, low volume manufacturing and motorsport program management. The Company's team has a lifetime worth of experience managing top level motorsport programs and are in the hub of the automotive design industry. ATG has the capability to design, develop, and manufacture race cars or concept vehicles, as well as have the production capacity to build more than 100 special projects each year.
Headquartered in Austin, Texas, Ronn Motor Company, Inc. is a design and manufacturing company focused on the leading edge engineering of environmentally friendly, finely built, premium automobiles and technology. These technology systems include Hydrogen Fuel, Fuel cells, and Plug in-electrics, which will be incorporated into the automobiles and made available for aftermarket applications. The products, coupled with RMC's core values of a strong sense of ethics, environmental sensitivity and premium quality, position the Company as one of the new leaders in an automotive industry transitioning toward fuel efficiency. For more information, please visit http://www.ronnmotors.com.
Disclaimer: This release contains forward-looking statements that reflect Ronn Motor Company's (the "Company") plans and expectations. In this press release and related comments by Company management, words like "expect," "anticipate," "estimate," "forecast," "objective," "plan," "goal" and similar expressions are used to identify forward-looking statements, representing management's current judgment and expectations about possible future events. Management believes these forward-looking statements and the judgments upon which they are based to be reasonable, but they are not guarantees of future performance and involve numerous known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements.
Contact: Ronn Motors Investor Relations Contact: The Eversull Group, Inc. Jack Eversull 972-378-7917 972-378-7981 (fax) Email Contact
Posts: 94 | From: San Diego | Registered: Oct 2007
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I'd put all my money on Electric and Natural Gas vehicles. Hydrogen is a farce and everyone knows it. It is now what the "HD DVD" is to the Media Industry - all but dead!
Most likely Natural Gas/Electric Hybrids will roam the streets since you can just pull Natural Gas out of the grown in large quantities versus 'making' Hydrogen which is very carbon intensive. Public Transport will probably be fueld by Algae Diesel or the like since it is carbon neutral.
Posts: 3 | From: Houston | Registered: Oct 2007
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Ronn Motor Company Has 40 Pre-Order Inquiries of Its Limited Production Eco-Exotic Hydrogen Hybrid Super Car Named the Scorpion(TM)
The 40 Pre-Order Inquiries Have Been Received Since the Scorpion(TM) Was Chosen as DuPont Registry's Publishers Choice Award; Pre-Order Reservations Could Represent Over $1 Million in Sales When Delivered
AUSTIN, TX, Sep 11, 2008 (MARKET WIRE via COMTEX) -- Ronn Motor Company, Inc. (PINKSHEETS: RNNM) announced today the Company has received 6 pre-order reservations for its Limited Production Hydrogen Hybrid Super Car named the Scorpion(TM). Pre-Paid reservations have been accepted by the Company on both its 450 horsepower Scorpion(TM) and its recently announced exclusive limited edition 600 horsepower Scorpion HX(TM).
CEO and President, Ronn Maxwell, stated, "The Scorpion's(TM) stunning looks and advanced hydrogen fuel injection technology is the catalyst and uniqueness of this automobile. Since being chosen as DuPont Registry's Publishers Choice Award in its August edition, the Scorpion(TM) has received enormous attention from media outlets worldwide. We have received more than 40 serious inquiries of which 6 have resulted in pre-order reservations for the Scorpion(TM) since the beginning of August."
Full scale production of the Scorpion(TM), which is scheduled to begin in the second quarter of 2009, will be for 200 units which include 150 of the 450 horsepower Scorpion(TM) models and 50 of the 600 horsepower limited edition Scorpion HX(TM) model.
Mr. Maxwell also stated, "At this rate, we believe that half, if not more, of the Scorpions(TM) production will be pre-reserved for awaiting buyers before production begins. We are scheduled to unveil the Scorpion(TM) at SEMA, the world's largest automobile convention in Las Vegas, in November 1008. At the same time, we believe the rest of the Scorpion's(TM) first run production will immediately begin to sell out."
Headquartered in Austin, Texas, Ronn Motor Company, Inc. is a design and manufacturing company focused on the leading edge engineering of environmentally friendly, finely built premium automobiles and technology. These technology systems include Hydrogen Fuel, Fuel cells, and Plug in-electrics will be incorporated into our automobiles and made available for aftermarket applications. Our products, coupled with RMC's core values of a strong sense of ethics, environmental sensitivity and premium quality, position the Company as one of the new leaders in an automotive industry transitioning toward fuel efficiency. For more information, please visit www.ronnmotors.com.
This release contains forward-looking statements that reflect Ronn Motor Company's (the "Company") plans and expectations. In this press release and related comments by Company management, words like "expect," "anticipate," "estimate," "forecast," "objective," "plan," "goal" and similar expressions are used to identify forward-looking statements, representing management's current judgment and expectations about possible future events. Management believes these forward-looking statements and the judgments upon which they are based to be reasonable, but they are not guarantees of future performance and involve numerous known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements.
Ronn Motors Investor Relations Contact: The Eversull Group, Inc. Jack Eversull 972-378-7917 972-378-7981 (fax) Email Contact
Posts: 94 | From: San Diego | Registered: Oct 2007
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Keros Capital Report: Ronn Motor Co. Targets Over-the-Road Trucking and Transportation Vehicles With Its New H2GO(TM) Hydrogen On-Demand System
AUSTIN, Sep. 16, 2008 (Canada NewsWire via COMTEX) -- Ronn Motor Company, Inc. (PINKSHEETS: RNNM) announced yesterday that the Company will target the Over-The-Road Trucking and Transportation Industries with the commercial launch of the H2GO(TM) Hydrogen On-Demand (HOD) fuel injection system.
CEO & President Ronn Maxwell stated, "It's a great pleasure to announce that we will soon commence manufacturing of the H2GO(TM) brand on a commercial scale after successfully completing the Research and Testing Phase. The over-the-road trucking and long haul transportation industries are showing a great deal of interest in the H2GO(TM) system as it is a much awaited fuel efficiency aftermarket product. It is expected that it will save millions of dollars per year in fuel costs per company depending on the size of their fleets."
In a recent news publication, one of the nation's largest trucking companies is taking measures to reduce its fuel costs. Wisconsin-based Schneider National said it is dropping the top speed for their company's 10,600 rigs to 60 miles per hour. The company, known for its bright orange trucks, said it will save nearly 4 million gallons of fuel a year. Schneider National further stated that it spends nearly $80 million in fuel costs per year.
In reference to the magnitude of savings this technology could achieve, Mr. Maxwell said, "We believe that installing a Hydrogen On-Demand fuel injection system on Schneider's entire fleet could save it 25% or as much as $20 million in fuel costs with current prices at the pump.
About Ronn Motors Company:
Headquartered in Austin, Texas, Ronn Motor Company, Inc. is a design and manufacturing company focused on the leading edge engineering of environmentally friendly, finely built premium automobiles and technology. These systems include Hydrogen Fuel, Fuel cells, and Plug in-electrics. These features, coupled with RMC's core values of a strong sense of ethics, environmental sensitivity and premium quality positions the company as one of the new leaders in an automotive industry transitioning toward fuel efficiency. For more information, please visit www.ronnmotors.com.
Ronn motor Company operates in the Energy Sector. Other energy companies to watch are: Quantum Fuel Systems Technology (Nasdaq: QTWW) down 4.8% on 1.1M shares, Plug Power Inc (Nasdaq: PLUG) up 10.1% on 754 thousand shares, Ballard Power Systems Inc (Nasdaq: BLDP) down 3.3% on 295 thousand shares, Fuel Cell Energy Inc (Nasdaq: FCEL) down 8% on 818 thousand shares, Hydrogenics Corp. (Nasdaq: HYGS) down 4.4% on 362 thousand shares.
Other Industry company news to watch are Merrill Lynch (NYSE: MER) up less than 1% on 248.8M shares, Washington Mutual Inc (NYSE: WM) down 27% on 268M shares, Citigroup Inc (NYSE: C) down 15% on 270M shares, Wachovia Corp. (NYSE: WB) down 25% on 228M shares, Microsoft Corp. (Nasdaq: MSFT) down 3% on 82M shares, Napster Inc (Nasdaq: NAPS) up 86% on 20M shares, Evergreen Solar Inc (Nasdaq: ESLR) down 28% on 23M shares.
Disclosure: All material herein was prepared by Keros Capital Inc. (Keros) based upon information believed to be reliable. The information contained herein is not guaranteed by Keros to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Keros is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on http://www.keroscapital.com or mentioned herein. Keros Capital has been compensated thirty five hundred dollars for coverage of RNNM. Keros affiliates, officers, directors and employees may own shares and may buy and sell additional shares of the company mentioned herein and may profit in the event those shares rise in value. Keros will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
SOURCE: Keros Capital
CONTACT: Jim Mav, (973) 979-3705
Posts: 94 | From: San Diego | Registered: Oct 2007
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