ALYI Prospects Bolstered By $28 Billion Ride Share Market Outlook

Date : 06/25/2019 @ 2:10PM
Source :InvestorsHub NewsWire
Stock : Alternet Systems, Inc. (PC) (ALYI)
Quote : 0.0079  -0.00018 (-2.23%) @ 8:54PM

ALYI Prospects Bolstered By $28 Billion Ride Share Market Outlook

ALYI Prospects Bolstered By $28 Billion Ride Share Market Outlook

 

DALLAS, TX -- June 25, 2019 -- InvestorsHub NewsWire -- Alternet Systems, Inc. (ALYI) (“ALYI”) today highlighted Transparency Market Research’s recent report with a $28 billion outlook by 2026 for the ride share market.  Specifically the report notes the developing economic market as a key driver of ride share market growth.

“The global ride sharing market is primarily driven by the inability to own a vehicle predominantly among mid- and lower-income group population. Asia Pacific and Latin America account for a significantly lower number of vehicles per 1000 persons. Ride-sharing offers the users a sense of owning a vehicle at a much lower cost than owning one. Therefore, consumers are preferring ride-sharing services.”

ALYI’s electric vehicle focus today is on selling to shared ride vendors in Africa, not individual consumers.  The transportation trend in Africa points toward consumers adopting shared rides as the primary means of transportation in the future and never adopting a widespread privately-owned vehicle custom.  ALYI is a leader in targeting the African shared ride trend with electric vehicles.

ALYI recently announced securing an investment partner to back a planned assembly plant in Kenya to produce ALYI’s ReVolt Electric Motorcycles to be sold across the African continent.  The deal to build the manufacturing plant includes an initial order for two thousand ReVolt Electric Motorcycles which would total $20 million in sales.  ALYI has already signed $1.5 million in confirmed orders for its ReVolt Electric Motorcycles to be delivered in Kenya. 

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.

For more information, 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


 

Alternet Systems, Inc. (PC) (USOTC:ALYI)
Historical Stock Chart

1 Year : From Sep 2018 to Sep 2019

Click Here for more Alternet Systems, Inc. (PC) Charts.

Alternet Systems, Inc. (PC) (USOTC:ALYI)
Intraday Stock Chart

Today : Saturday 21 September 2019

Click Here for more Alternet Systems, Inc. (PC) Charts.

Latest ALYI Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.