Ronn Motor Company Announces a Sales Agreement With HSB Permian, LLC for $300,000 in H2GO Hydrogen Fuel Injection Systems
February 23 2012 - 1:00PM
Marketwired
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.
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