Alternet Systems Engages Industrial Design Firm To Develop Electric Vehicle Production Plant
June 18 2019 - 8:32AM
InvestorsHub NewsWire
Alternet Systems Engages Industrial
Design Firm To Develop Electric Vehicle Production Plant
DALLAS, TX -- June 18,
2019 -- InvestorsHub NewsWire -- Alternet Systems, Inc.
(ALYI)
(“ALYI”) today announced the company has engaged an industrial
design firm to move forward with the development of an electric
vehicle (EV) production plant. ALYI recently announced
securing an investment partner to back a planned assembly plant in
Kenya to produce ALYI’s ReVolt Electric Motorcycles to be sold
across the African continent. The deal to build the
manufacturing plant includes an initial order for two thousand
ReVolt Electric Motorcycles which would total $20 million in
sales. ALYI has already signed $1.5 million in confirmed
orders for its ReVolt Electric Motorcycles to be delivered in
Kenya. The industrial design firm has been tasked with
developing plans for the mass production of ReVolt Electric
Motorcycles. The purview includes addressing the design of
the ReVolt Electric Motorcycle itself.
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
Alternet Systems (PK) (USOTC:ALYI)
Historical Stock Chart
From Sep 2024 to Oct 2024
Alternet Systems (PK) (USOTC:ALYI)
Historical Stock Chart
From Oct 2023 to Oct 2024