SOURCE: Ronn Motor Company

Ronn Motor Company

February 23, 2012 13:00 ET

Ronn Motor Company Announces a Sales Agreement With HSB Permian, LLC for $300,000 in H2GO Hydrogen Fuel Injection Systems

HOUSTON, TX--(Marketwire - Feb 23, 2012) - Ronn Motor Company (PINKSHEETS: RNNM) announces a sales agreement with HSB Permian, LLC to immediately purchase $300,000 of the H2GO Hydrogen Fuel Injection Systems.

Ronn Motor Company announced today that it has entered into a new sales agreement with HSB Permian, LLC by which they purchased $300,000 in additional H2GO Hydrogen Fuel Injection Systems. HSB Permian, LLC is a company owned by Randy Pipkin, formally President of R J Pipkin Company, LTD. Mr. Pipkin has been working with Ronn Motor Company's Chief Operations and Technology Officer, Damon Kuhn, since 2008 to help design and test the H2GO units on R J Pipkin Company, LTD's tractor fleet.

"From the beginning Damon Kuhn and I teamed together to test the design and performance parameters of this unique technology," said Randy Pipkin, President of HSB Permian, LLC. "Over the past couple of years we have conducted several pilot programs on different trucks and constantly worked to refine our results to a point where we felt confident the H2GO unit delivers lower emissions and saves fuel costs. This additional order demonstrates my confidence in the progression of this technology and establishes a mechanism for us to buy more units in the coming months."

"Our company has been fortunate to have a close working relationship with Mr. Pipkin over the past few years," said David McGee, CEO of Ronn Motor Company. "This new agreement represents a significant step for us because it demonstrates our company's ability to generate repeat business sales. Randy's agreement with us addresses two key aspects: (1) the immediate acquisition of additional units, and (2) outlines a program to acquire several hundred additional units over the coming months."

Mr. McGee also stated, "Within the next few days we will be further positioned to announce an even broader relationship with Mr. Pipkin. This sales agreement supports our commitment to establishing long-term relationships with our clients and we are certainly blessed to have access to Randy's technical insight, transportation experience, and business leadership."

Ronn Motor Company (PINKSHEETS: RNNM), is a technology-driven design, development and manufacturing company specializing in the creation and delivery of innovative green products and related technologies through green systems and green oriented engines for both transportation and fixed platforms, located in Houston, TX. For more information about Ronn Motor Company, please visit our Web site at 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.