ALYI $300 Million Electric Vehicle Revenue Outlook Could Soon Double
August 12 2020 - 10:07AM
InvestorsHub NewsWire
Dallas, TX -- August 12, 2020 -- InvestorsHub
NewsWire -- Alternet Systems, Inc. (USOTC:
ALYI) today announced that in reaction to recent events, its
existing $300 million revenue outlook could soon double, if not go
even higher.
Management highlighted the recent surge in
electric vehicle investment interest. Tesla (TSLA),
among other notable electric vehicle initiatives to include Nikola
(NKLA),
Workhorse (WKHS)
and Nio (NIO) are seeing a groundswell in electric vehicle investor
enthusiasm.
That same electric vehicle investor
groundswell is resulting in increased opportunity for
ALYI.
ALYI currently has an initial $20 million
electric motorcycle order and an additional letter of intent for a
$30 million contract. Both agreements cover six-year durations
resulting in an overall $300 million revenue opportunity for
ALYI.
With electric vehicle market interest at an
all-time high, ALYI management currently reports that it has
entered into discussions for additional fleet orders that could
substantially increase its current $300 million revenue opportunity
doubling the current outlook and potentially seeing the outlook
even higher than twice the current $300 million revenue
opportunity.
ALYI has entered
into an agreement to receive a $25 million investment
from RevoltTOKEN to fund ALYI’s
electric mobility initiative in Africa leading with the ReVolt
Electric Motorcycle. The investment is part of a RevoltTOKEN
planned initial cryptocurrency offering (ICO) intended to
raise $100 million for an overall investment into ALYI's
electric mobility initiative
in Africa.
Over two years ago, ALYI piloted an electric
motorcycle that in its first rendition was a BMW R71 clone
retrofitted with an electric motor. The BMW R71 is a
breathtaking iconic image popularized through decades of frequent
Hollywood screen appearances in addition to the real engineering
breakthroughs that maintain the bike’s relevance.
The
market opportunity initially considered for the ReVolt Electric
Motorcycle encompassed a target audience of clean energy
enthusiasts drawn to the iconic image. While that market
remains in ALYI’s sites, the much larger target market opportunity
involves dominating a core component of the everyday transportation
sector in Africa – motorcycle taxis or
Boda-bodas.
Iconic design alone would not make the ReVolt
Electric Motorcycle a dominant competitor in the African motorcycle
market. So began an intense and comprehensive engineering
initiative to expand upon the engineering breakthroughs of the
original BMW R71 motorcycle to make the ReVolt Electric Motorcycle
the go-to option in the African market.
The
ReVolt Electric Motorcycle today is an innovation feat. When ALYI
unveils the production version of the ReVolt Electric Motorcycle,
it will be an industry changing event. The ReVolt Electric
Motorcycle is a connected, state of the art electric motorcycle,
ergonomically optimized for its target market while still
maintaining an iconic look.
ALYI expects to be in production later this
year.
For more
information and to stay up to date on ALYI’s latest developments ,
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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