ALYI African EV Outlook Bolstered by $8.5 B in Deals Signed at UK-African Summit Hosted by British Prime Minister Boris Johnson
January 30 2020 - 12:31PM
InvestorsHub NewsWire
ALYI African EV Outlook Bolstered
by $8.5 B in Deals Signed at UK-African Summit Hosted by British
Prime Minister Boris Johnson
DALLAS, TX -- January 30, 2020 -- InvestorsHub NewsWire --
Alternet Systems, Inc. (USOTC:
ALYI) CEO Dr. Randell Torno said today that "2020
marks the beginning of the decade where economic growth
in Africa will outpace the rest of the world." His
remarks where in reference to ALYI's African Electric Vehicle (EV)
initiative in light of the recent UK-African summit held last week
in London where British Prime Minister Boris
Johnson hosted leaders from 21 African countries and 27 deals
were signed worth an estimated $8.5 billion. Russian
and Japan also recently hosted similar African
summits. Twitter (TWTR)
CEO Jack Dorsey has famously proclaimed his commitment to
move to Africa in 2020. "The signals are clear
that Africa is poised for explosive economic growth,"
said Dr. Torno.
ALYI has engaged $300 million in eclectic vehicle
projects in Africa, initiated a $100
million investment strategy to support the electric vehicle
projects, and secured 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. ALYI's 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. The news from last weeks UK-African summit
bolster's ALYI's opportunity in Africa.
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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