ALYI - Alternet Systems Announces Electric Bicycle Development Deal With Caribbean Tour Operator
June 07 2019 - 9:00AM
InvestorsHub NewsWire
ALYI - Alternet Systems Announces
Electric Bicycle Development Deal With Caribbean Tour Operator
DALLAS, TX --
June 7, 2019 -- InvestorsHub NewsWire -- Alternet Systems, Inc.
(USOTC:
ALYI) (“ALYI”) today announced
entering to an agreement to develop an electric bicycle with a
Caribbean tour operator. The operator works with hotels and
cruise ships throughout the Caribbean providing bookings and
excursions. The operator has contracted ALYI to develop an
electric bicycle that will be an additional service the operator
can provide to its hotel and cruise ship clients enabling travelers
to have access to a fun and eco-friendly mode of transportation on
their Caribbean holiday. ALYI is focused on offering varied,
environmentally sustainable, energy storage solutions for targeted
markets, including consumer electric vehicles and military
applications. ALYI also has an ongoing hemp energy storage
initiative leading its current efforts to introduce an alternative
to lithium batteries.
ALYI management indicates that the company plans to pursue a
partnership with an established conventional bicycle manufacturing
an implement an ALYI designed electric power
system.
ALYI has
recently announced a number of major advances of its electric
vehicle production and sales in Africa that could take the company
from its roughly $250,000 in annual revenue and recently signed $2
million in orders to over $20 million in annual revenue. In
the first quarter of 2019, ALYI signed $1.5 million in orders for
its ReVolt Electric Motorcycles in Africa. The company has $2
million in orders for its electric motorcycles overall. The
company is also developing an opportunity to assemble its electric
motorcycles in Africa in conjunction with a $20 million order for
the ReVolt Electric
Motorcycles.
About Alternet
Systems
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.
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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