ALYI Considers African Assembly Plant For ReVolt Electric Motorcycles
March 28 2019 - 9:27AM
InvestorsHub NewsWire
ALYI Considers African Assembly
Plant For ReVolt Electric Motorcycles
Dallas, TX -- March 28, 2019 --
InvestorsHub NewsWire -- Alternet Systems, Inc. (USOTC:
ALYI) (“ALYI”) today confirmed management will meet prospective
partners and tour facilities in Kenya for a potentially assembly
plant to complete manufacturing in Africa for ReVolt Electric
Motorcycles to be sold on the continent. ALYI has recently
announced $1.5 million in orders for its ReVolt Electric
Motorcycles to be delivered in Kenya. ALYI is seeing
additional and substantial interest in Africa for Electric Vehicles
and is now consider expansion to include assembly near target
markets. Management indicates the Kenyan trip will include meetings
with additional potential partners expected to further advance
ALYI’s electric vehicle interests in Africa beyond the company’s
ReVolt Electric Motorcycles.
ALYI is focused
on offering varied, environmentally sustainable, energy storage
solutions for targeted markets, including consumer electric
vehicles and military applications. The first product category is
lithium battery-powered motorcycles, to be followed by motorbikes.
ALYI also has an ongoing hemp energy storage initiative leading its
current efforts to introduce an alternative to lithium
batteries.
Research Report
Speculative Buy Rating And $0.09 Target
PPS
Last
week, Goldman Small Cap Research issued a research report update on
the Company. The report confirms a 'speculative-buy' rating with a
target price-per-share of $0.09. The report provides an
in-depth overview and analysis of Alternet's new strategy, new
orders, and upcoming milestones. To view the report, along with
disclosures and disclaimers, visit https://www.alternetsystemsinc.com/research-updateor http://www.GoldmanResearch.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.
For more information, please visit: http://www.alternetsystemsinc.com
Alternet Systems, Inc. Contact:
Randell Torno
info@lithiumip.com
+1-800-713-0297
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