SOURCE: Ronn Motor Company

Ronn Motor Company

March 05, 2010 09:00 ET

Ronn Motors Approves Application for State of Texas and EPA Emissions Reduction Plan's New Technology Research & Development Program

MARBLE FALLS, TX--(Marketwire - March 5, 2010) - Ronn Motor Company (RMC) (PINKSHEETS: RNNM) announced today that its Board of Directors has approved its application for the New Technology Research and Development (NTRD) Program.

Administered by TCEQ (Texas Commission on Environmental Quality), this program provides financial incentives to encourage and support research, development and commercialization of technologies that reduce pollution in Texas. Obtaining approval by TCEQ and the Environmental Protection Agency (EPA) of the Company's proprietary H2GO™ real-time hydrogen production and injection product will propel Ronn Motors to the forefront of viable, sustainable, commercially available pollution reduction technologies, not only for the State of Texas, but for the nation as a whole.

Upon approval, Ronn Motors will be aggressively pursuing manufacturing, supply, installation and training contracts to distribute H2GO™ units to federal, state, county and local vehicle fleets, as well as to school districts for their school bus fleets. 

Ronn Maxwell, CEO of Ronn Motors, commented, "All of these government departments and school districts are closely examining every expenditure and are looking for ways to save money to reduce the tax burden on their citizens. Our proprietary H2GO™ product will not only save them money on their fuel costs by providing an 18% to 25% increase in the miles per gallon on their fleet vehicles, but will also have the added benefit of substantially reducing their carbon emissions. In addition, further savings will be achieved because purchase of new vehicles will not be required, as our H2GO™ product can be quickly added to any existing gas or diesel fueled internal combustion engine. The cost to county and local governments as well as school districts for acquiring and installing the H2GO™ units can be shared with the state through the issuance of state funded grants."

Mr. Maxwell added, "We are looking forward to entering the NTRD program and undergoing third party testing and validation of H2GO™ performance. Based on our own emission and dyno testing results, as well as more than 300,000 miles of over-the-road field trials, we are confident that TCEQ and EPA will approve our H2GO™ system and provide independent validation of our claims concerning increased mileage and reduced emissions. We further believe our product is the best alternative available to meet these two goals and more importantly, save taxpayer money."

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 greater 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:
    Ronn Motor Company
    830-693-0802