RNNM Ronn Motor Co. featured news, full reports, and detailed charts
Ronn Motor Co. (RNNM/RNNM.PK) Wrap Up:
Ronn Motor Company, a design and manufacturing company, focuses on the design and development of automobiles with eco responsible alternative power systems. These systems include hydrogen fuel, hydrogen fuel on demand, fuel cells, and plug in electrics. The company was formerly known as Millennium Group Holdings, Inc. and changed its name to Ronn Motor Company in April 2008. Ronn Motor Company is based in Horseshoe Bay, Texas.Ronn Motor Co. (RNNM:OTC)
|
Market Cap
36.9M
|
Total Revenue
--
|
|
|
EBITDA
325.1K
|
DILUTED EPS TTM
--
|
|
|
P/E
--
|
P/S
--
|
|
|
Return On Asset
--
|
Return On Equity
--
|
|
| K = Thousands M = Millions B = Billions | ||
RNNM Top Compensated Officers
Executives, Board Directors
Key developments for Ronn Motor Co. (RNNM)
Ronn Motor Co. announced that it has received one of the first orders for its H2GO(TM) systems from RJ Pipkin Company Ltd., a large truck fleet owner/operator based in West Texas. With Frigette beginning limited H2GO(TM) production, and with thousands of miles of over-road testing and field trials completed, analyzed, confirmed and verified on Pipkin's big-rig trucks, specifically on 2008 Cummins turbo diesel powered Peterbuilts, RJ Pipkin Company Ltd. has committed to begin the retrofit to H2GO(TM) systems on their big-rig fleet trucks. Pertinent data for the extensive over-road field trial was collected and recorded under various operational conditions. On average, the results revealed a significant 32% CO2 reduction, an equally impressive improvement in fuel savings as well as a 41% reduction in NOx.
Ronn Motor Co. announced that Frigette Energy Systems and Ronn Motor Company will begin taking H2GO(TM) system orders from big-rig fleet owners beginning November 1st as limited production of H2GO(TM) is being finalized. As a prelude to general manufacturing, production and distribution of H2GO(TM) systems, Frigette has put in place a well-planned, staged roll-out through the end of 2009. This will provide Frigette the opportunity to observe production and make any needed adjustments in preparation for the full-scale manufacturing and distribution roll-out to the general public planned for early 2010.
Ronn Motor Co. announced that the first phase of an H2GO(TM) system field trial has been successfully completed on large U-Haul moving trucks. Powered by a Ford V-10 gasoline engine, the truck supplied by U-Haul for the field trial has been driven at least 3 days per week for the past month under varying conditions. Ongoing data points have been collected, recorded and compared to previously recorded base data. With the H2GO(TM) system installed, the results indicate a mileage improvement and CO2 reduction consistently in the 18% to 20% range. With a network of more than 15,950 locations in all 50 United States and 10 Canadian provinces, U-Haul serves more than 11 million do-it-yourself household moving customers annually and is committed to integrating responsible environmental practices into their daily operations. U-Haul's environmental team is consistently exploring ways to reduce their impact on the environment. With H2GO(TM), U-Haul will have an immediate, sustainable, eco-friendly solution in their continuing pursuit of pollution reduction.
RNNM Competitors
| Company | Last | Change | |
| No competitor information is available for RNNM. | |||
| Market data is delayed at least 20 minutes. | |||
Industry Analysis
| Valuation | RNNM | Industry Range |
| Price/Earnings | -- | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | -- | Not Meaningful |
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
|
RNNM |
||
RNNM transactions
| Type Date |
Target | |
| No transactions in the last 6 months. | ||
