ALYI ReVolt Electric Motorcycle Gains Ground With Africa Share of $218 Billion Shared Rides
April 10 2019 - 9:00AM
InvestorsHub NewsWire
ALYI ReVolt Electric Motorcycle
Gains Ground With Africa Share of $218 Billion Shared Rides
DALLAS, TX -- April
10, 2019 -- InvestorsHub NewsWire -- Alternet Systems, Inc.
(USOTC:
ALYI) (“ALYI”) management is Kenya
this week meeting potential partners and touring facilities with
the intention of opening an assembly plant to complete
manufacturing in Africa for ReVolt Electric Motorcycles to be sold
across the African continent. ALYI has already signed
$1.5 million in confirmed orders for its ReVolt Electric
Motorcycles to be delivered in Kenya and is working on a deal that
could result in an additional $20 million order for ReVolt Electric
Motorcycles. Management will publish an out-brief
presentation this Friday, April 12th from Kenya summarizing
the details of this week’s meetings and the status of the overall
deal management is developing that would include a $20 million
order. Today, management wanted to publish two images to
illustrate the opportunity to provide safe, efficient electric
motorcycles with a side car to the shared ride market in
Africa. Motorcycle Taxis or “boda
boda” taxis are already popular
in Africa with much room for safety and efficiency
improvements. As you can see, Uber already offers a
boda boda option in Kenya, and the second image provides insight
into the safety improvement opportunities.
The shared ride
market is forecasted to reach $218 billion by
2025.
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
Goldman
Small Cap Research has recently 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-update or 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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