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Ronn Motor Company Announces H2GO(TM) Hydrogen-On-Demand Systems Available to Public 1st Quarter, 2009 Hydrogen-On-Demand System Produces Hydrogen While Driving to Increase Fuel Efficiency of Internal Combustion Engines up to 20% 25% AUSTIN, TX--(MARKET WIRE)--Oct 6, 2008 -- Ronn Motor Company (Other OTC:RNNM.PK - News) reported
today that it is preparing to commence pre-release reservations
and sales
of its proprietary "H2GO(TM)," a Hydrogen-On-Demand (HOD)
system that can
be installed on any existing car or truck.
Ronn Motor Company will be offering to the public the H2GO(TM) system, which was developed for its eco-exotic hybrid super car, the Scorpion(TM), both of which will debut November 4th-7th, 2008 at SEMA in Las Vegas, NV. The new HOD system will be available through Ronn Motor Company distributors under the H2GO(TM) brand, providing automotive dealerships, trucking fleets, government fleets and individual automobile owners an economical aftermarket solution for increasing gas mileage while reducing noxious emissions harmful to the environment. The Company has projected for their distributors that the automotive H2GO(TM) system manufacturer's suggested retail pricing will be $999 per unit. Mr. Maxwell added, "This certainly presents a lucrative opportunity for Ronn Motors. Product sales as low as 1/2% of 1% of American cars and trucks would result in sales of 1.5 million units, and we should be able to meet that demand over the next 18 to 24 months. We are currently completing negotiations and expect to finalize our agreements with a major manufacturer/distributor that will manufacture, warehouse, stock product and distribute the H2GO(TM) hydrogen system on a national basis through their existing national distribution channels, which will provide consumers with local installation centers nationwide. The H2GO(TM) system could also reduce US oil consumption by millions of barrels of oil each year, saving business and consumers money and reducing our dependence on foreign oil." Damon Kuhn, Ronn Motors COO, stated, "The focus on high fuel costs and dependence on foreign oil has shifted recently due to the recent financial crisis, but the reality of higher oil demand domestically and globally will, we believe, continue to push fuel costs higher and demand for our energy efficient green automobiles and technologies like the H2GO(TM) Hydrogen-On-Demand. Even Ferrari CEO, Amedeo Felisa recently acknowledged that the luxury carmaker cannot ignore environmental sensibilities." The H2GO(TM) system produces and blends gaseous hydrogen with gasoline or diesel fuel to achieve improvements in fuel efficiency, currently estimated to be 20% - 25%, while increasing power and decreasing CO2 green house gases by approximately 90%. Mr. Kuhn added, "We will continue to improve our technologies with advancements and breakthroughs in Hydrogen production, making sure we stay a front runner in this new generation of automobiles." The H2GO(TM) is similar to the size of a standard car battery and holds approximately one gallon of water, which will produce hydrogen as needed for approximately 5000 miles -- the equivalent to approximately 10 tanks of fuel for most vehicles, before having to be refilled with water. H2GO(TM) is adaptable to any internal combustion piston engine vehicle including the more than 250 million registered vehicles on American roads alone. The H2GO(TM) system is ideal for over-the-road fleet trucks and RVs, as well as prop aircrafts and boats and can generate substantial savings for fleet vehicle operators. An important factor regarding the market acceptance of the Company's HOD technology is that they believe that installation of the H2GO(TM) device will not void new car warranties under the Vehicle Warranty Act of 1974. The Act specifies that new car warranties will not be voided with the installation of an aftermarket product as long as the product "enhances" the performance of a vehicle. Ronn Motor Company feels that the H2GO(TM) system will enhance the performance of all motor vehicles and should not result in the voiding of any new car or truck manufacturer's warranty. The Company believes that their H2GO(TM) device will be widely accepted worldwide and will be a much desired aftermarket fuel efficiency enhancement product. Headquartered in Austin, 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 technology. These systems include Hydrogen Fuel, Fuel cells, and Plug in-electrics. These features, coupled with RMC's core values of a strong sense of ethics, environmental sensitivity and premium quality positions 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 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. Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=848016 Contact: Contact:
Ronn Motors Investor Relations Contact:
The Eversull Group, Inc.
Jack Eversull
972-378-7917
972-378-7981 (fax)
Email Contact
Source: Ronn Motor Company
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