Business & Finance
Business and Finance
Business and Finance
Wed, May 20, 2009
Tue, May 19, 2009 Ronn Motor Company: Infinity Energy Group Signs Letter of Intent With Frigette Energy Systems to Purchase up to 40,000 Ronn Mot
AUSTIN, TX--(Marketwire - May 19, 2009) - Ronn Motor Company, Inc. (
Under the terms of the agreement, Infinity anticipates they will purchase as many as 40,000 H2GO™ systems for installation on customer fleets to include over the road trucks as well as APUs (auxiliary power units). The agreement also calls for extensive use of Ronnzoil Premium Green engine oil and hydraulic oils. Beginning in June, Frigette expects to begin initial production of 750 H2GO™ systems per month and ramping up to meet the terms of the agreement.
Robert Kreymer, President of Frigette Energy Systems, commented, "We are excited to start H2GO™ production to satisfy our agreement with Infinity Energy Group. Infinity has been experimenting with the use of hydrogen for a few years and has been very methodical and cautious in their adoption of this technology. After review of technical specifications, analysis of test data results, and a visit to the Ronn Motors facilities, they were able to confirm the advantages of utilizing Ronn Motors' H2GO™ system, leading to their order."
Kreymer added, "Frigette Energy Systems executives, including Phillip Kreymer (Director of Marketing), Floyd Lassiter (Operations Manager), Richard Watkins (Director of Quality) and myself are pleased to announce that full manufacturing is scheduled to begin in late June. At present, we are tooling up for production and are including equipment to ensure that each and every H2GO™ system will undergo rigorous testing before it leaves our assembly line. Over the years, Frigette has built and sustained its global reputation on providing quality products and we will continue to deliver that quality with production of the H2GO™ systems. By delivering a superior quality product, unparalleled tech support, a global foot print and an attractive pricing strategy, we expect to be the leader in this burgeoning category."
Frigette is the largest aftermarket supplier of automotive a/c systems, a/c parts, including many Original Equipment vehicle manufacturers such as General Motors, Ford, Honda, Isuzu, Jaguar, Mazda, Nissan, and Subaru, and has been awarded the coveted "Q1 Supplier Award" by Ford Motor Company and the "First Team Supplier Award" by Nissan Motors of America.
Ronn Maxwell, CEO of Ronn Motor Company, commented, "We couldn't be more pleased with this agreement between Infinity Energy Group and Frigette. We anticipate that this is only the beginning of a general, worldwide, rapid acceptance of the value provided by installation of our H2GO™ real time hydrogen injection systems and the technologies that we have designed."
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 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 Motors 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.
