ALYI CEO Highlights Anticipated 2021 Breakout Trigger For Unique Electric Vehicle Market Segment
January 22 2021 - 09:19AM
InvestorsHub NewsWire
Dallas, TX -- January 22, 2021 -- InvestorsHub
NewsWire -- Alternet Systems, Inc. (USOTC:
ALYI) today published a corporate update and 2021 outlook from
company CEO Randell Torno. The update and outlook is included
in entirety below.
ALYI Corporate Update and 2021
Outlook
The
ALYI business model is founded on the idea of establishing a
perpetual system of electric vehicle
innovation.
Unlike the vast majority of electric vehicle
contenders, ALYI is not staking its shareholder value on a single
state-of-the-art electric vehicle designed to capture consumers
imagination today. ALYI is launching an electric mobility
ecosystem to continuously identify market needs, capture the best
available technology, target new ideas and combine all of the above
into the next and the next and the next innovative electric vehicle
product.
To
both attract industry leading talent and provide an opportunity to
prove their innovations, ALYI is launching an annual electric
vehicle race in partnership with a brand name racing
organization. The annual race event will be hosted
simultaneously with an electric mobility symposium and
expo.
While most electric vehicle companies target
developed economic markets where their products will have to
replace existing combustion engine powered competitors, ALYI is
focused on Africa where low per capita transportation saturation
provides the opportunity to introduce first time transportation
solutions, not replacements.
Yes, we’ve started with an electric motorcycle
to prime the electric mobility
ecosystem.
Since the original
pilot motorcycle, the ALYI design team has introduce two additional
electric motorcycle design paths.
First, the company
will produce an electric motorcycle with a sleek retro style based
on a BMW R71 clone (www.revoltmotorbikes.com) and include a
conversion kit for do-it-yourselfers to electrify their own BMW R71
or R71 clone.
ALYI's second design
path leads to an electric motorcycle to be produced immediately to
specifically support an Uber and Lyft type transportation solution
evolving the African motorcycle taxi (Boda)
market.
ALYI's design team
has now launched a third design path to develop a paradigm
changing, state-of-the-art electric motorcycle. In particular, the
third design path will be integrated into the electric mobility
ecosystem.
ALYI progress in
2020, has put the company in a strong position to make 2021 a
breakout year.
ALYI has existing
orders for its electric motorcycles and the opportunity to increase
orders by one thousand percent, if not more. Demand in Africa
is high.
ALYI has production
partners in Africa ready to produce ALYI’s electric
motorcycles.
The electric vehicle
race partnership has begun site selection and engineering to host
the annual event.
The anticipated
breakout in 2021 will be triggered on ALYI’s financing partner
finalizing its $100 million investment
commitment.
ALYI’s financing
partner, RevoltTOKEN, has already provided key funding to advance
ALYI’s business plan to its current stage. RevoltTOKEN plans
to democratize the ALYI electric vehicle ecosystem through the
introduction of dedicated cryptocurrency offering holders
participation in the ecosystem. RevoltTOKEN, the business
entity, plans to offer RevoltTOKENs, a cryptocurrency, through an
Initial Coin Offering (ICO).
RevoltTOKEN is
carefully addressing regulatory prerequisites prior to launching an
ICO. While RevoltTOKEN optimistically anticipated the process to
address regulatory prerequisites going faster than has been the
case, RevoltTOKEN is still resolved in its commitment to fund ALYI
progress in a timely manner. While RevoltTOKEN remains
committed to the ICO, RevoltTOKEN plans to soon provide additional
funding separate from the ICO process to maintain ALYI on a rapid
business development path.
The prevailing
electric vehicle investment environment is ideal for ALYI to access
necessary funding to maintain business development momentum.
In addition to the heightened electric vehicle investment interest
that began in the summer of 2020, President Biden’s environmental
agenda now stands to further accelerate electric vehicle investment
interest.
RevoltTOKEN and ALYI
anticipate soon finalizing terms on the next strategic investment
that will fund electric racetrack construction and fund the
initiation of electric motorcycle production in
Africa.
2021 is going to be
an exciting year for ALYI.
For more information
and to stay up to date on ALYI’s overall latest developments,
please visit www.alternetsystemsinc.com.
Disclaimer/Safe
Harbor: This news release contains forward-looking statements
within the meaning of the Securities Litigation Reform Act. The
statements reflect the Company's current views with respect to
future events that involve risks and uncertainties. Among others,
these risks include the expectation that any of the companies
mentioned herein will achieve significant sales, the failure to
meet schedule or performance requirements of the companies'
contracts, the companies' liquidity position, the companies'
ability to obtain new contracts, the emergence of competitors with
greater financial resources and the impact of competitive pricing.
In the light of these uncertainties, the forward-looking events
referred to in this release might not
occur.
Alternet Systems, Inc.
Contact:
Randell Torno
info@lithiumip.com
+1-800-713-0297
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