[Source: Ronn Motor Company]
Ronn Motor Company and RBX Management Corp., Independent Fleet Owner & Contractor to FedEx Ground, Begin Baseline Data Collection Utilizing Ronn Motors' New GPS System
May 06, 2009: 09:00 AM ET
Ronn Motor Company (PINKSHEETS: RNNM) announced today that RBX Management Corporation, an Independent Contractor to FedEx Ground based in Fort Worth, Texas, has begun its field trial this week with the installation of Ronn Motors' new GPS tracking system. This contract has been initiated and arranged through Hydro-Gen Transportation Technologies, a supplier of products and services to Independent Contractors of FedEx Ground and other transportation companies.
Rick Black, owner and operator of RBX, commented, "We are excited that our field trial has started. We anticipate that upon successful completion of the field trial, we will be installing the H2GO(TM) system on our entire fleet. We have long been believers that the appropriate use of hydrogen technology as a fuel additive/alternative for our trucking fleet will allow us to reduce operating costs and help provide a positive impact on the environment through improved emissions, both of which impact our bottom line."
Installation of the GPS tracking system on two over-the-road trucks (18-wheelers operating from city to city) has been completed. These trucks are now running the same routes and will continue to do so for a period of up to 30 days. The GPS units allow RBX Management to monitor and record results daily in the comfort of their own offices. Tracked results will include emissions measurement, fuel usage & economy, engine & oil temperatures as well as other pertinent engine management functions. Once these baseline results have been established, the H2GO(TM) real-time hydrogen injection system will be installed on the same two trucks and will then be rerun over the same routes for a like period of time. The results will be recorded, tracked, assessed, analyzed and compared to the original established baseline.
John Marston, President of Hydro-Gen Transportation Technologies, stated, "Once RBX has completed their assessment of the H2GO(TM) system, we feel many of our fleet owners and transportation clients will want to follow in installing the H2GO(TM) system. We are looking forward to establishing a long term relationship with Ronn Motor Company and representing the family of green, eco-friendly products they bring to our industry."
Ronn Maxwell, CEO of Ronn Motor Company, stated, "We are pleased that the field trial with RBX is now underway and look forward to a successful completion. We are happy to be working with both RBX and Hydro-Gen Transportation Technologies on this project."
FedEx Ground does not own nor operate their trucking fleet. The FedEx Ground trucking fleet is a 100% Owner Operator Fleet. The company offers both business-to-business and home delivery services with a fleet of more than 20,000 motorized vehicles, most of which are operated by independent contractors.
Headquartered in Horseshoe Bay, 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 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.