SOURCE: Ronn Motor Company

December 01, 2008 12:07 ET

Ronn Motor Company Receives $500,000 for Operations and Development of H2GO™ Real-Time Hydrogen Injection Systems for Heavy Duty Truck Market

AUSTIN, TX--(Marketwire - December 1, 2008) - Ronn Motor Company, Inc. (PINKSHEETS: RNNM) announced today that RJR Pipkin Company has invested $500,000 over the last three months for the development of the H2GO™ Real-Time Hydrogen Injection System.

Ronn Maxwell, CEO of Ronn Motor Company, said, "Our relationship with RJR Pipkin Company will bring specific marketing focus to the large trucking industry. We look forward to working with RJR Pipkin to get our product deployed to this important market."

RJR Pipkin Company operates a truck fleet in East Texas and has relationships in the industry to expand sales for the H2GO™ Real-Time System.

President of RJR Pipkin Company, Randy Pipkin, added, "These large trucks are the backbone of the shipping and commercial industries in the United States and average 6 miles per gallon nationally. Every tenth of a mile increase in their fuel efficiency will increase the truck owner's bottom line."

There are more than 1.9 million tractor trailers operating in the US today and annual sales of new rigs in 2006 were 284,000 units. The US has approximately 360,000 trucking companies and their annual fuel consumption accounts for 12.8% of the total fuel purchased in one year. The rising cost of fuel has been cited as a key contributor to trucking company failures in the United States.

Damon Kuhn, COO of Ronn Motors, stated, "Our H2GO™ system is unlike any other on the market. H2GO™ is a highly engineered and advanced technology which uses proprietary and patented technologies and is unlike any other system on the market. H2GO™ further increases its advantages over other technologies since it uses the patented ProCooler™ which reduces A/C refrigerant usage by 20% to 25% and generates less drag on the engine, increasing usable horsepower by 5% to 7%. The overall effect is that this single element alone increases fuel mileage of 1 to 3 miles per gallon of fuel for a large truck and adds an additional 10% to 25% in fuel efficiency."

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 and 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.

Contact Information

  • Ronn Motors Investor Relations Contact:
    The Eversull Group, Inc.
    Jack Eversull
    972-378-7917
    972-378-7981 (fax)
    Email Contact