ALYI Highlights Impact Of Electric Flying Taxis Featured At Paris Air Show On Shared Ride Market
June 21 2019 - 12:08PM
InvestorsHub NewsWire
ALYI Highlights Impact Of Electric
Flying Taxis Featured At Paris Air Show On Shared Ride Market
DALLAS, TX -- June 21, 2019 --
InvestorsHub NewsWire -- Alternet Systems, Inc. (ALYI)
(“ALYI”) today highlighted the Paris Air Show focus on electric
powered flight, particularly in the area of electric flying
taxis. ALYI’s electric vehicle strategy is catering to the
shared ride market that is anticipated to outpace the private
transportation market in Africa. 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. CNN reported “The rise of hybrid and electric
aircraft was on full display at the [Paris Air Show], where
startups competed with industry giants to show off technology
that's more efficient and better for the environment than
traditional designs.” ALYI went to Paris for the air show
specifically to learn about the technological advances in electric
power that could be applicable to ALYI’s current work and that
might lead to future endeavors. ALYI management considers
partnering with one of the estimated 150 flying taxy projects to
co-develop an electric flying taxi a viable future opportunity the
company will pursue.
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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