ALYI - Alternet Systems Confirms New $500,000 Electric Motorcycle Order
March 01 2019 - 10:47AM
InvestorsHub NewsWire
ALYI – Alternet Systems Confirms
New $500,000 Electric Motorcycle Order
Dallas, TX -- March 1, 2019 --
InvestorsHub NewsWire -- Alternet Systems, Inc. (USOTC:
ALYI) (“ALYI”) today confirmed a new fleet order for its ReVolt
Electric Motorcycle. The order adds to the company’s recently
announced $1.5 million in fleet orders of their ReVolt Electric
Motorcycle to rideshare providers. An existing rideshare
client in Kenya has expanded its existing order adding another
$500,000 in electric motorcycles to its existing order of $1
million. The Kenyan rideshare client plans to put ReVolt
Electric Motorcycles on the ground in Mombasa in addition to its
existing plans for Nairobi. The research firm, Research and
Markets, recently reported that the rideshare market is projected
to reach $218 billion by 2025. The growth trend of
electric vehicles in the rideshare sector is evidenced 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 (CE) (USOTC:ALYI)
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