Vydrotech, Inc. (VYDR)

[Jim Conway]

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



Date :

02/23/2012 @ 1:00PM



Source :

MarketWire



Stock :

Ronn Motor Company (RNNM)



Quote :

0.05 0.0 (0.00%) @ 7:43AM
















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









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Ronn Motor Co. (PL) (USOTC:RNNM)
Intraday Stock Chart

Today : Thursday 23 February 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."