SOURCE: Ronn Motor Company
April 27, 2009 09:00 ET
First H2GO™ Real Time Injection Systems From Ronn Motor Company Installed on Frigette Energy System Vehicles
AUSTIN, TX--(Marketwire - April 27, 2009) - Ronn Motor Company, Inc. (PINKSHEETS: RNNM)
announced today that it has finalized testing and final production design
for its new H2GO™ real time injection system. Executives from Frigette
Energy Systems and Ronn Motors will conduct evaluations this week in
preparation for a preliminary focused manufacturing and distribution
roll-out to the general public.
Ronn Maxwell, CEO of Ronn Motor Co., stated, "The initial phase roll-out
will consist of certain families of Ford vehicles, and over-the-road 18
wheelers from the fleet of RJ Pipkin Company, Ltd. and the fleet of RBX
Management Corp., Independent Fleet Owner and Contractor to FedEx Ground.
Automobile installations will primarily be installed through our AAMCO
transmission owner association affiliates."
H2GO™ is adaptable to any internal combustion piston engine vehicle
including the more than 250 million registered vehicles on American roads
alone. The H2GO™ system is ideal for over-the-road fleet trucks and
RVs, as well as prop aircrafts and boats and can generate substantial
savings for fleet vehicle operators.
Mr. Maxwell added, "We believe that our H2GO™ system presents a
tremendous value-added opportunity for Ronn Motors. If we are able to
install our H2GO™ product in 1/2 of 1% of all American cars and trucks
on the road today, we could realize sales of 1.5 million units. We have
geared our production capacities with Frigette Energy Systems to meet that
anticipated demand. If we are able to achieve this level of market
penetration, we believe that United States CO2 emissions could be reduced
by millions of tons each year, saving business and consumers money and
reducing our dependence on foreign oil. Clearly, there would be a
significant benefit to our environment as well."
To meet the demand and market expectations, and to emphasize the importance
of their entry into the environmentally friendly, alternative energy
industry, Frigette has created a new division. This new division, Frigette
Energy Systems, is being specifically established for the distribution of
the H2GO™ system and other Ronn Motor Company products which now include
the new environmentally friendly, non-petroleum based, bio-degradable
Ronnzoil products. Frigette Energy Systems plans to be in full production
with the H2GO™ system by the end of May 2009.
Headquartered in Horseshoe Bay, 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.
This release contains forward-looking statements that reflect Ronn Motor
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.