LAS VEGAS, April 1, 2009 (GLOBE NEWSWIRE) -- A headline yesterday for Ronn Motor Co. (Pink Sheets:RNNM) announced that a FedEx fleet operator will be running a test of Ronn's H2GO hydrogen fuel system on fleet vehicles in April, hoping to find fuel efficiency increases that it can take fleet-wide. Clearly, this is a dramatic event for a company previously known for creating the eye-popping Scorpion, a vehicle that gets 40 miles per gallon and can go 200 miles per hour.
But for some enthusiasts of the emerging company, this news seems more preamble than pinnacle, with the test a portend to their wildest dreams for Ronn Motor Co. The release clearly indicates that the fleet operator hopes that the test succeeds so that he can install money-saving H2GO systems across his truck fleet. That hypothetical news, should this success manifest and transpire, would seem the largest news that Ronn would have to date, trumping the Schwarzenegger test drive or its manufacturing and distribution agreement with high-end auto part firm Frigette.
Moreover, a successful test may well have the ability to be catalytic beyond the FedEx realm, perhaps sending a signal to other massive fleet operators that a cost-effective fuel efficiency system is on the road with a major company. Indubitably, this real world test with a FedEx fleet operator will be critical to Ronn's penetration in the field.
Time will tell as the baseline testing is recorded followed by the installation of Ronn's H2GO on the same fleet vehicles. As Ronn Maxwell, CEO of Ronn Motor Co. said, "Every tenth of a mile increase in their fuel efficiency will increase the truck owner's bottom line."
If the test is a success, investors may well find greater value as well. Investors can view a Ronn Motor Co. company snapshot at:
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