Ronn Inc., a company based in Scottsdale, Arizona, has announced a Phase Two strategic investment joint venture agreement with partners in Saudi Arabia, solidifying its commitment to global hydrogen innovation. The agreement outlines a 50/50 joint venture structure with a 90/10 financial commitment, where the Saudi partners will provide 90% of the funding for infrastructure, manufacturing, and office setup in both the U.S. and Saudi Arabia. The joint venture aims to develop hydrogen logistic truck prototypes, create manufacturing and R&D jobs in both countries, and establish a secondary plant in Saudi Arabia for the deployment of logistic vehicles across major cities. This initiative also includes the completion of Hypercar engineering and tooling in the U.S., with final assembly and factory development in Saudi Arabia to meet regional demand. The partnership is strategically timed with Saudi Arabia's $1 trillion investment initiative targeting U.S. industries and the country's focus on hydrogen as part of its Vision 2030 transformation. The joint venture not only accelerates Ronn Inc.'s expansion into the Middle East but also contributes to Saudi Arabia's ambitious economic plans. The Saudi partners, experienced in infrastructure development, bring valuable expertise to the venture, with a focus on advancing hydrogen transportation. The joint venture signifies a major step in Ronn Inc.'s journey towards being a leader in global hydrogen innovation, aligning with Saudi Arabia's vision for the future energy landscape.