RONN Inc. (OTC:RONN) Stock Falls After Latest News

On Thursday, RONN Inc. (OTC:RONN) was one of the companies to come into focus following a significant new announcement. The Chief Executive Officer of the company, Ronn Ford, announced that RONN continued to be contacted with regards to hydrogen development projects by groups in Canada. It was revealed that the Canada-based representatives of the Economic Development Corporation of St. Thomas had visited Scottsdale, Arizona, and took the CEO, Ronn Ford, to dinner. During the dinner, the parties spoke about the advantage of the new Economic Development Corporation industrial area to serve as the new offices for RONN for the purpose of manufacturing hydrogen trucks or hydrogen hubs.

In the news release, it was also revealed that another topic that had been discussed was the hydrogen highway concept of RONN in collaboration with First Nations. Ford also stated that, thanks to extra funding, it would be possible for First Nations to start preparations for moving forward with RONN Inc. on the first of the seven hydrogen hubs that had been planned. Another program of the project would be the logistic hydrogen truck program. There are many other companies that are already in operation in the economic development park, and those include Amazon, Ford, and Magna, among others.

The company also announced that an exchange of information had been progressing and that collective calls would be hosted, which would include the major stakeholders. Some of those who would be part of the calls would be executives from Ronn Inc., leaders from the First Nation, and representatives of economic development. Ronn Inc. is an innovative and progressive company involved in making a major impact on the fast-growing credit market. The company is also committed to sustainability and innovation in the hydrogen commercialization industry for both stationary and mobile sectors.