ALYI - Alternet Systems, Inc. Targets Growing Electric Vehicle Rideshare Trend That Includes Lyft And Uber
February 26 2019 - 9:15AM
InvestorsHub NewsWire
ALYI - Alternet Systems, Inc.
Targets Growing Electric Vehicle Rideshare Trend That Includes Lyft
And Uber
Dallas, TX -- February 26, 2019 -- InvestorsHub
NewsWire -- Alternet Systems, Inc. (USOTC:
ALYI) (“ALYI”) is a leader in the electric vehicle (EV)
rideshare trend. The company recently announced $1.5 million
in fleet orders of their ReVolt Electric Motorcycle to rideshare
providers and yesterday announced a new anticipated fleet order
expected later this week. With its first major sales under its
belt, ALYI management has redoubled its fleet sales efforts
targeting shared ride providers. Management further indicates
that the company is seeing promising sales traction in Africa for
the ReVolt Electric Motorcycle. The micro-transportation EV
rideshare trend is evident in almost every major city where street
corners are littered with electric scooters. The trend is
also evidenced in the automobile sector by the Uber and Lyft
programs incentivizing drivers to shift to electric cars. In
addition to the ReVolt Electric Motorcycle, ALYI has initiated an
effort to acquire an electric automobile production capability in
order to be prepared for the anticipated EV shift expected in
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 recently brought Clarkson University Professor David
Mitlin on board to lead a hemp energy storage
initiative. Mitlin has successfully used hemp bast - the
fiber left over from processing hemp - to construct carbon
nanosheets that compete with, and in some respects, outperform the
supercapacitor performance derived from more typical graphene
nanosheets. Mitlin holds a US patent for his proprietary hemp
energy storage technology.
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
Alternet Systems (PK) (USOTC:ALYI)
Historical Stock Chart
From Aug 2024 to Sep 2024
Alternet Systems (PK) (USOTC:ALYI)
Historical Stock Chart
From Sep 2023 to Sep 2024