RONN Motor Group, Inc. Executes Its First Significant Economic Development Partnership With Chinese Economic Development Officials To Support The New China Hydrogen Initiative To Advance Sustainable Hydrogen Technologies, Infrastructure And Fuel Cell Vehicles
RONN Motor Group, Inc.’s CEO, Ronn Ford, announced that, “In addition to our already executed bus development JV with another Chinese group, RONN Motor Group, Inc. has also executed its first co-development partnership with a major Chinese provincial Economic and Technological Development Zone (CEDZ) as part of the China’s new hydrogen initiative to begin advancing sustainable hydrogen technologies, infrastructure and fuel cell vehicles.”
Ronn Ford also stated that, “While most terms are still confidential, under our new substantial subsidy agreement, and based on the strength of our investors, government commitments could reach beyond one billion USD over time; the economic development agreements can provide capital, factories, land and purchase orders.”
Mr. Ford added, “Over the next two years our growth strategy’s first phase will be setting up an automotive R&D enter, introducing our lightweight fuel cell bus and the much-anticipated second-generation FCEV platform ‘Phoenix‘ in China. We have budgets prepared and are expecting to build a new super factory for our fuel cell automobiles and are in discussions with some Chinese OEMs as potential operation partners to combine our core design, technology, brand, and development strengths with the OEM’s strengths, such as existing mass production capabilities.”
Kevin Hong, founder and CEO of Arbor Lake Capital, the advisory group for RMG, added, “China is expected to become a leader and invest billions to accelerate the hydrogen infrastructure development, potentially even more than that invested for battery powered vehicles. Subsidies have been lowered for battery electric vehicles, however, subsidies for fuel cell vehicles are anticipated continue for the next six years.”
In the news:
CHINA IS MOVING TO LEAD THE WORLD IN HYDROGEN FUEL CELL TECHNOLOGIES
Ronn Ford CHAIRMAN/CEO Automotive Mission
In his 50+ years in the automotive industry, Ronn Ford has seen many changes and advancements in the automotive sector; and for the last 10 years, as the pioneer and proponent of Hydrogen as the fuel of the future – clearly demonstrated with his proof-of-concept Hydrogen Supercar, “Scorpion” — he is focused on Leading-Edge, Systems-Integrated, All-Electric, Hydrogen-Fuel-Cell, Zero-Emission, New Energy Vehicles (“NEVs”), including Stationary Hydrogen Fuel-Cell, Electric Power Generation.
As a pioneer in hydrogen technology, RONN Motor Group, Inc. is a leader in reducing the carbon footprint and greenhouse gas effects by creating sustainable energy that will take us into tomorrow through the development of all-electric, hydrogen fuel-cell. zero-emission, long-range automotive and transportation platform designs commonly called NEV’s Go to www.ronnmotorgroup.com for more information.
Forward-Looking Statements The Press Release or any Offering Materials May Contain Forward-Looking Statements and Information Relating To, Among Other Things, The Company, Its Business Plan and Strategy, And Its Industry. These Forward-Looking Statements Are Based on The Beliefs Of, Assumptions Made By, And Information Currently Available to The Company’s Management. When Used in The Offering Materials, The Words “Estimate,” “Project,” “Believe,” “Anticipate,” “Intend,” “Expect” And Similar Expressions Are Intended to Identify Forward-Looking Statements, Which Constitute Forward Looking Statements. These Statements Reflect Management’s Current Views with Respect to Future Events and Are Subject to Risks and Uncertainties That Could Cause the Company’s Actual Results to Differ Materially from Those Contained In The Forward-Looking Statements. Investors Are Cautioned Not to Place Undue Reliance on These Forward-Looking Statements, Which Speak Only as Of the Date On Which They Are Made. The Company Does Not Undertake Any Obligation to Revise or Update These Forward-Looking Statements to Reflect Events or Circumstances After Such Date or To Reflect the Occurrence of Unanticipated Events.
SOURCE RONN Motor Group, Inc.
Crypto Earn: Now Earn 8% p.a. on EOS Deposits
Crypto.com, the pioneering payments and cryptocurrency platform, announced today that it has added EOS to Crypto Earn, allowing users to enjoy up to 8% p.a. on their deposits.
In addition to having EOS available in Crypto Earn, deposit and withdrawal of EOS is also enabled on the Crypto.com App.
EOS.IO is a free, open-source blockchain software protocol that provides developers and entrepreneurs with a platform on which to build, deploy and run high-performing blockchain applications. It is currently supporting over 260 projects.
Crypto Earn now supports 16 coins including BTC, ETH, LTC, XRP, BNB, TUSD, PAX, USDC, MCO, BAT, LINK, CRO, MKR, DAI, PAXG with the addition of EOS. Interest is paid out weekly in the coin deposited with flexible, 1-month or 3-month terms available. Users earn more by staking at least 500 MCO.
Note: For the U.S. users, both deposit and withdrawal of EOS and Crypto Earn deposit in EOS are initially available in 38 states: Alaska, Arizona, Arkansas, California, Colorado, Delaware, Florida, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, North Dakota, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, West Virginia, Wisconsin, and Wyoming.
World’s Largest Blockchain Application Competition ‘Klaytn Horizon’ Winners Announced
Klaytn, the leading blockchain project led by the South Korean Internet giant Kakao announced the winners for its BApp (Blockchain Application) competition, ‘Klaytn Horizon.’
Klaytn Horizon invited all developers worldwide to build blockchain applications on the Klaytn platform whose mainnet launched this past June. Prioritizing its efforts towards mass blockchain adoption and ecosystem building, Klaytn prospected for competent blockchain projects that can facilitate blockchain experience.
Over 100 projects were submitted by developers across the globe including Korea, U.S., China, France, Russia, Switzerland, Slovakia, India, the Philippines, and many others. Most of the projects are Klaytn-based tools including wallets and exchanges that enhance BApp development and usability. The judges selected 15 award-winning teams that have the most potential to deliver practical service with meaningful values based on user-friendly blockchain experience.
The top five winners of the Klaytn Horizon are as follows:
Exnomy (India & Korea)
Exnomy is a hybrid cryptocurrency exchange that enables a handful of cryptocurrencies tradeable with Klaytn’s token KLAY based on high scalability and competitive gas fee structure. It combines high security with fast transaction speed.
Jetstream is a Chrome browser extension wallet that enables the transfer of KLAY and KCT (Klaytn Compatible Tokens) as well as Klaytn-based non-fungible tokens (NFTs). The fees incurred by users can also be delegated to a service provider to ensure an effective user experience.
Klay.exchange (The Philippines & Korea)
Klay.exchange is a decentralized exchange protocol supporting the value transfer of KLAY and KCT. Based on an intuitive swap algorithm, the service allows simple and easy blockchain experience for users.
KUSD Stablecoin (U.S. & Russia)
KUSD is the stablecoin solution that seeks to effectively mitigate the arbitration risk and price volatility by pegging KLAY to US Dollar. KUSD also provides toolkits such as ‘Klaybook’ to facilitate smart contract deployment and ‘Klayfee,’ which enables fee delegation for Klaytn-based BApps.
Odin for Klaytn (Korea)
Odin for Klaytn is a real-time smart contract auditing service that allows developers to easily analyze and review their smart contracts in order to prevent security risk. It also issues immutable audit reports to certify smart contracts that no longer contain security risks or code errors.
The first five teams of Tier 1 will receive $100,000 each, which will be awarded in KLAY, while Tier 2 (the second five teams) and Tier 3 (the third five teams) will receive $50,000 and $30,000 worth of KLAY each.
The winning teams will also be promoted and listed on ‘DApp.com’ and ‘State of the DApps,’ which are also Klaytn’s partners. Over a dozen Klaytn-based BApps are already listed on both DApp.com and State of the Dapps. With the winning BApps to be additionally listed, we can expect to see a richer Klaytn ecosystem.
“We are excited to welcome prospective blockchain services in various industry domains including finance, entertainment, lifestyle, and technology,” said Chase Choi, the Head of Business. “Klaytn is going to provide the winning teams with full support on business and technical sides for successful service operation and mutual growth with us. To foster a healthy blockchain ecosystem, we also excluded gambling services,” he added.
For more information on the 15 winning projects, visit the official Klaytn Horizon webpage at www.klaytnhorizon.com.
Assured Asset Management Launches Supply Chain Finance Solution with Shui On Group
Assured Asset Management (“Assured”), a Hong Kong-based technology-driven asset manager, has launched its Traceable Accounts Payable (“TAP”) platform with the Shui On Group. TAP is a blockchain-based digital payment system backed by approved supplier account receivables and contract payables issued by anchor enterprises. The partnership aims to leverage TAP to illuminate transaction flows deep within Shui On’s construction supply chain.
TAP addresses a crucial pain point for business leaders: the lack of efficient, reliable and transparent methods for SMEs buried within supply chains to access liquidity. TAP leverages blockchain technology to record the transfer of goods and services and provides verifiable records of SME involvement in deep-tier anchor operations that enable access to liquidity regardless of SME size. TAP adds a new capacity for liquidity providers, banks and credit investors to access the yields of SMEs while using the credit profile of anchor enterprises through verifiable and immutable sourcing records.
Assured is partnering with the Shui On Group to integrate Assured’s core competency in financial technology development with Shui On’s Chinese construction supply chain to launch the platform. Together, the two firms aim to release a solution that benefits all stakeholders within Shui On’s supply chain, including Shui On, SME counterparties and financial institutions.
“Technology-enabled supply chain finance for small and medium enterprises is a significant growth opportunity in today’s financial industry,” said Robert Cheung, CEO of Assured Asset Management. “The TAP platform enables end-to-end financing within the entire supply chain using modern technologies to resolve the difficulties of SME credit risk assessment and address the unique financing needs of SMEs. We are delighted that Shui On resonates with the value of TAP and are excited for a great partnership going forward.”
“A robust supply chain is instrumental for Shui On. By creating an immutable audit trail, the TAP platform will benefit SMEs within our supply chain as well as our core business by illuminating transactions deep within our supply chain and reducing the risk of fraud and error,” said Allan Zhang, Executive Director of Shui On. “This partnership will provide a powerful solution to strengthen the overall efficiency and transparency of our construction supply chain. We see great long-term business value in adopting TAP to issue account receivables among our suppliers.”
Assured and Shui On will begin the onboarding process in December 2019 and anticipate opening the TAP platform for liquidity providers in Q1 2020.
SOURCE Assured Asset Management Limited
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