ALYI - Alternet Systems Expands Electric Vehicle Reach To $24 Billion Electric Bicycle Market
March 14 2019 - 9:05AM
InvestorsHub NewsWire
ALYI – Alternet Systems Expands
Electric Vehicle Reach To $24 Billion Electric Bicycle Market
Dallas, TX -- March 14, 2019 --
InvestorsHub NewsWire -- Alternet Systems, Inc. (USOTC:
ALYI) (“ALYI”) today announced adding electric bicycles to its
current electric motorcycle production business. ALYI has
recently announced $5 million in orders for its ReVolt Electric
Motorcycle, a retro-designed motorcycle with side car that can
transport two people in addition to a driver. ALYI’s initial
sales success for its electric motorcycles has been with
metropolitan shared ride providers. Extending upon that success,
ALYI plans to partner with shared dwelling organizations around the
world in the design of its electric bicycle with the idea of
providing fleet electric bicycle’s for shared use. For example,
ALYI is already in discussions with select universities that
provide student housing. The company also plans to work with
apartments and even talk to refugee shelter providers with the idea
of designing a sustainable electric bicycle solution to complement
the modern work-living paradigm. The electric bicycle market is
anticipated to reach over $24 billion world-wide 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 has recently announced $2 million in orders of its Revolt
Electric Motorcycles. 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
Goldman Small Cap Research 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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