ALYI Year Long Initiative To Enter $47 Billion Electric Truck Market Gains New Momentum
July 27 2020 - 11:42AM
InvestorsHub NewsWire
Dallas, TX -- July 27, 2020 --
InvestorsHub NewsWire -- Alternet Systems, Inc. (USOTC:
ALYI) today confirmed plans for
producing and selling electric delivery trucks
in Africa made of hemp and powered by hemp
batteries. Further design details are expected to be revealed
later this year. The company CEO Dr. Randell Torno, first
announced the electric delivery vehicles last September in an
interview with the CEO of the
Africa Development Organization, Libasse Diop Dia. In the
interview, the two CEO's discussed the industrialization
of Africa with a focus on the development of clean,
sustainable energy.
ALYI’s
electric truck initiative now over a year in the works is gaining
new attention and momentum as the investment market begins to give
the electric truck market more attention. The market for
electric trucks is forecasted to reach $47 billion in the next ten years.
Electric truck initiatives from Tesla (TSLA),
Nikola (NKLA),
Workhorse (WKHS)
and Rivian, to name just a few, are capturing investment news
attention.
ALYI is
concentrating on a very specific and promising niche overlooked by
its electric truck competitors. ALYI is focused on Sub
Saharan Africa. The World Bank states the following about the Sub
Saharan Africa region:
“Sub-Saharan
Africa’s opportunities are vast, and its challenges are persistent.
Home to the world’s largest free trade area and a 1.2
billion-person market, the continent is creating an entirely new
development path, harnessing the potential of its resources and
people.”
ALYI today
confirms and reiterates the ongoing electric delivery vehicle to
emphasize ALYI’s overall comprehensive, long-term electric
mobility business strategy focused on rapidly expanding into the
market in Sub-Saharan Africa. The strategy begins with the
production of ALYI’s proprietary ReVolt Electric Motorcycle
designed for a rugged environment and to support the multi
passenger Ride-Share industry in Africa already recognized by Uber
and Lyft.
Last week, ALYI introduced the RevoltTOKEN
cryptocurrency dedicated to funding ALYI’s $300 million electric
vehicle (EV) initiative in Africa. Later this week, ALYI will
publish a video presentation, on Friday, July 31, 2020 to provide
comprehensive details on the partnership with RevoltTOKEN and
RevoltTOKEN’s current $25 million investment commitment to ALYI as
well as RevoltTOKEN’s planned initial cryptocurrency offering
intended to raise $100 million for investment into ALYI and future
electric mobility initiatives in
Africa.
ALYI has already published a comprehensive
narrative presentation on its strategy with RevoltTOKEN. The
presentation from yesterday can be viewed
at:
To learn more about RevoltTOKEN,
visit www.RevoltTOKEN.com.
For more
information and to stay up to date on ALYI’s latest developments ,
please visit: http://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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