SOURCE: Ronn Motor Company

Ronn Motor Company

February 24, 2010 09:00 ET

H2GO™ Final Assembly Moves to Ronn Motor Company's New Manufacturing Facility in Marble Falls, TX

Estimated 200% Increase in Gross Profits

MARBLE FALLS, TX--(Marketwire - February 24, 2010) -  Ronn Motor Company, Inc. (PINKSHEETS: RNNM) announced today that final assembly operations for the H2GO™ systems is being relocated to their new manufacturing facility in Marble Falls, TX.

When the new 80,000 square foot Marble Falls plant opens at the end of March, H2GO™ final assembly will begin. The Company decided to bring the final assembly in-house in order to maximize the Company's profit potential per unit and to maintain strict quality control over the manufacture of the units. Ronn Motors will initially concentrate and focus on the delivery of H2GO™ systems for big-rig fleets, government fleets and large bus fleets. During the first year of production, the Company expects that 90% of H2GO™ systems will go to satisfy the demands of these lucrative markets.

Damon Kuhn, Ronn Motors COO, commented, "It makes good business sense for us to move the final assembly of H2GO™ to Marble Falls. Even with full scale manufacturing of our eco-exotic supercar, the Scorpion HX™, going on at the same time, there is still more than enough floor space available to easily handle H2GO™ component operations and finished product inventory. We will have complete control over the assembly process and will be able to closely monitor the quality of the component parts and the final product."

Ronn Motors CEO, Ronn Maxwell, stated, "Relocating final assembly of H2GO™ to our own facility is good news for the Company's bottom line. By reducing overall cost of production, Ronn Motors will realize a significant increase in the profits per unit. We estimate that gross profits per unit will increase at least 200% over our prior estimates where the Company was only receiving a licensing fee. In addition, we will bring additional new, skilled labor job opportunities to the City of Marble Falls."

Headquartered in Marble Falls, 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 "green," eco-responsible technology. These technology systems include Hydrogen Fuel, Fuel Cells, and Plug-in Electrics and will be incorporated into our automobiles to be 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

  • For information contact:
    Ronn Motor Company
    830-693-0802