Ronn Motors Introduces Ronnzoil Brand Biodegradable, Non-Petroleum Based Hydraulic Fluids
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AUSTIN, TX, Apr 07 (MARKET WIRE) --
Ronn Motor Company, Inc. (PINKSHEETS: RNNM) announced today the Company
is entering the industry analyst estimated $200,000,000 annual
bio-lubricant market with its proprietary Ronnzoil Hydraulic Fluids, the
first in a broad range of "green," biodegradable, eco-friendly,
non-petroleum based, improved performance engine oils & lubricants.
Ronn Maxwell, CEO of Ronn Motors, stated, "Industry analysts project the
demand for bio-based lubricants to advance 8.9 percent per year to 23
million gallons in 2012, or roughly 11 percent of the 2.4 billion dollar
lubricant market in the United States. We believe increased efforts by
federal and state government to promote bio-based products in general and
lubricants in particular, through the use of procurement preferences and
tax incentives, will help to drive gains. Analysts also predict average
synthetic hydraulic oil pricing to increase from approximately $9.90 per
gallon in 2008 to $11.50 per gallon in 2012. That increase, coupled with
our global distribution partner, Frigette Energy Systems, should provide
our Company with another potentially lucrative revenue stream."
Ronnzoil Hydraulic Fluids are biodegradable, non-petroleum based, provide
superior performance and can be used by any modern Agro-Industrial
equipment utilizing a common pump or requiring a single fluid for final
drives, transmissions, differentials, power take-off (PTO) units and wet
brake systems. Typical equipment uses include farm tractors, combines,
bull dozers, road graders, dump trucks, etc.
Ronnzoil Hydraulic Fluids have been extensively field tested, both on-road
and off-road, under severe conditions and are now successfully being
utilized in a number of Agro-Industrial equipment applications. It has
readily met or exceeded manufacturers' performance specifications
including those of Caterpillar, Deere, Case, Allison, Massey Ferguson,
Kubota, International Harvester and many others.
Ronnzoil Hydraulic Fluid's patented base formulation is the same
Bio-Solvent (made from American grown animal fat byproducts from the meat
industry) that all of Ronnzoil biodegradable oils and lubricants are
derived from. Ronnzoil Hydraulic Fluid will not harm the environment.
Maxwell added, "The addition of biodegradable, environmentally friendly
Ronnzoil Hydraulic Fluids to our Company's offering is just one more step
for Ronn Motor Company. We are moving forward in our mission to offer a
wide range of green, eco-friendly products and alternative energy/power
systems that will provide a positive economic and environmental impact to
the transportation industry through the delivery of enhanced performance,
improved gas mileage and significantly reduced emissions."
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, 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 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.
Ronn Motors Investor Relations Contact:
The Eversull Group, Inc.
Jack Eversull
972-378-7917
972-378-7981 (fax)
Email Contact
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