ALYI - Alternet Systems Secures Institutional Commitment To Spark Global Attention For African Electrical Mobility Technology
December 19 2019 - 8:44AM
InvestorsHub NewsWire
ALYI – Alternet Systems Secures
Institutional Commitment To Spark Global Attention For African
Electrical Mobility Technology
Dallas, TX --
December 19, 2019 -- InvestorsHub NewsWire -- Alternet Systems,
Inc. (USOTC:
ALYI) today announced securing institutional commitment to
support an annual African electric mobility technology conference
and symposium to advance the deployment of electric powered
transportation solutions specific to Africa. The focus
includes environmental sustainability but also overall
transportation efficiency applicable to the African transportation
infrastructure, economy, and consumer. ALYI CEO, Dr. Randell
Torno, contends that the immediate opportunity for electric powered
transportation growth in Africa by far exceeds the electric powered
transportation opportunity anywhere else in the world and that the
electric mobility technology innovations that will be developed for
Africa will ultimately form the foundation of commercial electric
powered transportation everywhere. In short, Africa is the
global proving ground for electric powered transportation. Dr.
Torno just concluded meetings in London this week where he secured
institutional brand name commitment that will serve as the anchor
event and attraction at the annual African electric mobility
technology conference and symposium. The planed conference
and symposium location is Nairobi,
Kenya.
As ALYI now
begins to assemble and promote the first African electric mobility
technology conference and symposium targeted for the first quarter
of 2021, the company emphasizes that the subject of electric
transportation is far greater than the mere replacement of fossil
fueled cars with electric powered cars. For instance, Volvo,
Hyundai, Aston Martin and Porsche, to name only a few, have
electric powered vertical take-off and landing (VTOL) initiatives
in the works. Uber’s ‘Uber Elevate’ program has slated deploying
flying taxi services in Dallas, Los Angeles and Melbourne by
2023. ALYI is particularly focused on electric transportation
solutions for the shared-ride market. As a further example of
the magnitude of the scope of electric mobility technology, ALYI
highlights the evolution of electricity production and
storage. While electric storage for electric vehicles is
dominated today by lithium batteries, ALYI management doubts the
longevity of lithium-based solutions. Battery technology in
general is inefficient and lithium is volatile. Toyota and
Hyundai already sell hydrogen fuel cell powered cars where instead
of a battery delivery electricity, a hydrogen fuel cell delivers
electricity to the electric car. ALYI has its own hemp
supercapacitor research and development initiative ongoing as a
promising alternative to current battery
technologies.
ALYI is
currently developing $300 million in electric vehicle projects in
Africa targeting the shared-ride market. The company has
signed orders for electric motorcycles with a side car to be
produced in Kenya for shared ride providers in Kenya. ALYI
has also recently announced a $100 million cryptocurrency
investment strategy targeted at expanding beyond the company’s
existing $300 million in electric vehicle projects in
Africa.
The
institutional partner referenced today is not yet being
specifically disclosed. In addition to a non-disclosure
agreement, details involving important participation from third
parties separate from the institutional partner and ALYI must first
be finalized. A specific engagement to finalize such details
is underway.
For more
information, please visit: http://www.alternetsystemsinc.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.
Alternet
Systems, Inc. Contact:
Randell Torno
info@lithiumip.com
+1-800-713-0297
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