RONN Signs Agreement with IM - 1 Development, LLC To Provide Project Development Services for Ronn's Hydrogen Pilot Programs Canada

SCOTTSDALE, AZ / ACCESSWIRE / November 2, 2023 / RONN, Inc. (OTC PINK:RONN)

Ronn Ford, Company CEO, announced today that an agreement has been signed with IM-1 Development, LLC an Arizona-based Project Development Services company. IM-1 Development is a very experienced developer and manager of the planning, development, design, and construction., including negotiations of agreements with Qualified End-Users.

The developer agrees, among other things, to RONN's Hydrogen Hub Facilities and Production of Trucks and will act on behalf of RONN to:

1. Facilitate the design, development, construction, improvement, and equipping of the Project on the Project Site, and
2. Enable procurement of Qualified End-Users of the Project, including negotiation on our behalf, including but not limited to the operating agreement with a manager of the Project the operating agreement and revenue-generating leases, licenses, and similar contracts. IM-1 principals are experienced developers globally for gaming, hotels, sports arena, and other similar projects.

The company CEO, Ronn Ford, stated that this was a solid addition to our team; IM-1 Development has extensive experience in Canada and First Nations, providing their services on many large commercial projects. Our project for this release purpose is proposed to be up to 7 Pilots on 25-acre parcels of land located within Canadian Tribal Tracts of land authorized under the guidelines of the First Nations Authority and Bylaws of the respective Tribes, as approved by the Chief and Council.

About RONN Inc, formally (Ronn Motor Group)

Ronn Motor Group is an automotive company at the forefront of hydrogen fuel cell technology. Recognized for its unique propulsion solutions, Ronn Motor Group is committed to delivering high-performance Hydrogen Electric logistic trucks, vehicles, and hydrogen production systems that prioritize environmental responsibility and efficiency.

Ronn Ford
CEO
[e-mail]

DISCLOSURE: This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including without limitation, the ability of RONN Motor Group to accomplish its stated plan of business. RONN Motor Group believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and their forward-looking statements included in this press release will prove to be accurate. Considering the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by RONN Motor Group or any other person.

SOURCE: RONN Motor Group

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The Lee Pharmaceuticals Stock at the time of publication of the news with a raise of +0,88 % to 0,023USD on Nasdaq OTC stock exchange (02. November 2023, 01:10 Uhr).