The Isle of Man-headquartered ExoTechnologies, the owner of Glasgow boat builder Ultimate Boats, is announcing a new partnership with Arizona-based hydrogen car and truck maker the RONN.
ExoTechnologies CEO Shane Mugan said that after signing a letter of intent, the companies will now develop cutting-edge clean hydrogen electric propulsion systems for commercial, tactical, and military high-performance watercraft to be built by Ultimate Boats in Scotland. Last year Ultimate Boats launched the first fully recyclable workboat made from its patented DANUâ„¢ composite material for Police Scotland. Mr Mugan says he wants to go one step further with RONN and develop an industry-disrupting hydrogen-propelled craft. Â
“We are very excited to announce our new partnership with a pioneer like the RONN,” he said. “We share an outlook and passion for driving decarbonization. We are aiming to develop a clean hydrogen electric propulsion solution for our boats. This new system will propel our recyclable high-performance craft into a new era of marine technology.”
ExoTechnologies CEO Shane Mugan
“The power of our collaboration with ExoTechnologies is in our shared vision of creating a sustainable future through innovative propulsion solutions,” said Ronn Ford, Chairman & Chief Executive Officer at RONN. “Together, we will strive to help drive the marine industry’s transformation, leaving behind a legacy of clean energy and inspiring change for generations to come.”
