ALYI EV Pilot In Africa Benefits From IQST And UN Initiatives; Revolt Token Program Update Preview
June 18 2021 - 9:25AM
InvestorsHub NewsWire
Dallas, TX --
June 18, 2021 -- InvestorsHub NewsWire
-- Alternet
Systems, Inc. (USOTC:
ALYI) today released a management update after conducting a
scheduled review of its electric motorcycle development program
last week with the dedicated design team from MODUS
Applied
Innovations.
The review and
corresponding update include details on iQSTEL’s (OTCQB:
IQST) contributions to ALYI’s electric motorcycle development
program and EV Rideshare and Self-Drive Rental pilot program in
Africa.
The review and
corresponding update also include details on a parallel electric
motorcycle pilot recently initiated in Kenya by the United
Nations.
In summary,
ALYI management is confident, after completing the review, that
ALYI remains on track with its EV Rideshare and Self-Drive Rental
pilot program in
Africa.
ALYI EV
Rideshare and Self-Drive Rental Pilot Program Management
Update
MODUS is
working with iQSTEL on connected, state of the art, electric
vehicle technology in support of ALYI’s overall electric vehicle
program objectives.
MODUS is
specifically developing a retro electric motorcycle based on the
styling of the BMW R71 WWII era motorcycle produced initially for
military use. But what MODUS is doing overall has a much more
comprehensive set of objectives and far-reaching
impact.
MODUS and ALYI
are nearing finalization of the production ready design of the
retro Revolt Electric Motorcycle that will be produced and sold in
the United States. ALYI already has hundreds of reservations
to purchase the retro Revolt Electric
Motorcycle.
The wider set
of objectives in the MODUS electric motorcycle design initiative
was to build an ALYI proprietary electric vehicle technology
intellectual property (IP) body of
knowledge.
The body of
knowledge includes inventorying all available off-the-shelf EV
technology that would enable the efficient construction of an
optimal and affordable electric motorcycle from commercially
available components.
Hand-in-hand
with this inventory of commercially available EV technology, is the
identification of solution gaps from the market of commercially
available components that can contribute to an optimal and
affordable electric
motorcycle.
There are a
good number of gaps, and in turn, little to no electric motorcycles
on the market today that can be categorized as optimal and
affordable. The general state of the electric motorcycle
market today is either an electric motorcycle that costs as much as
a luxury combustion engine car, or an electric motorcycle that has
limited range and passenger
capacity.
ALYI is
confident in the progress being made by MODUS to close the various
EV technology GAPs. The resulting ALYI EV IP Portfolio will
set ALYI apart from other EV competitors, particularly EV
competitors in the motorcycle sector of the overall EV
market.
IQST is
playing an instrumental role in the MODUS electric motorcycle
design initiative for ALYI. IQST brings experience and their
proprietary Internet of Things (IoT) technology to the ALYI design
team. IQST is concentrating on a custom EV Battery solution
for ALYI. The ALYI EV Battery solution is more than a battery
with a longer range or faster charging capacity. IQST’s EV
Battery design efforts include forward thinking battery management
solutions that draw on IQST’s IoT experience and proprietary
technology to connect the bike outside the frame to external
resources that can contribute to battery management and
differentiate ALYI’s solution from
competitors.
In addition to
the IQST contributions, the UN has initiated its own electric
motorcycle pilot within the boda boda (motorcycle taxi) market in
Kenya. ALYI anticipates the UN’s pilot to contribute valuable
insight regarding electric motorcycle rideshare enterprise
limitations and constraints that will need to be addressed to
facilitate the expansion of an effective electric motorcycle
deployment.
The electric
motorcycle rideshare and self-drive rental pilot is on track and
anticipated to begin next month. The pilot is moving forward
with known solution gaps that we are already working to
close. We anticipate the pilot to identify additional gaps in
addition to giving us the opportunity to test solutions to close
the gaps we have already identified. We expect the pilot to
grow our proprietary EV technology intellectual property body of
knowledge and accelerate our ultimate commercial deployment of
electric motorcycles in
Africa.
ALYI has an
order to deliver 2000 electric motorcycles in Kenya to be
deployed into the motorcycle taxi (boda) market. The first
delivery schedule for July is intended to support a first phase,
pilot rollout of the rideshare service. The motorcycle ride
hail market in Africa is estimated at
$4
billion.
ALYI's
Electric Motorcycle Program is only a small part of the company's
comprehensive strategy to build a far-reaching electric vehicle
ecosystem.
The success of
any electric vehicle will depend on the simultaneous availability
of an entire network of solutions necessary to support the electric
vehicle.
For example,
the electric vehicle support network ranges from the availability
of power, to charging stations where power can be accessed, to
long-range batteries to make electric vehicles efficient modes of
transportation, to connectivity so software updates for motor
synchronization and battery optimization applications can be
continuously updated along with other electric vehicle user support
applications.
ALYI's primary
business focus is on its overall electric vehicle ecosystem
strategy out of which electric vehicles will be just one
component.
ALYI is
building its electric vehicle ecosystem in a region with one of the
lowest per capita transportation ratios in the world, Sub Saharan
Africa.
To both
attract industry leading talent to collaborate in ALYI's electric
vehicle ecosystem, and to provide an opportunity to prove
innovations coming out of the electric vehicle ecosystem, ALYI is
launching an annual electric vehicle race in partnership with a
brand name racing organization. The annual race event will be
hosted simultaneously with an electric mobility symposium and
expo.
ALYI is
setting itself apart from the rest of the electric vehicle industry
not only through its electric vehicle ecosystem strategy, but also
through its commitment to democratize the electric vehicle
ecosystem.
ALYI's
financing partner and electric vehicle ecosystem collaborator,
RevoltTOKEN, has already provided key funding to advance ALYI's
business plan to its current
stage.
ALYI’s funding
partner, RevoltTOKEN has opened the sale of Revolt Tokens to
contribute to financing ALYI’s overall electric vehicle ecosystem
strategy. In the course of the initial Revolt Token sales,
ALYI’s funding partner, RevoltTOKEN has learned from the initial
process and is making updates to the Revolt Token program it
expects to rollout soon. Look for more news next week coming
from RevoltTOKEN.
To learn more
about RevoltTOKEN and how to participate in ALYI’s electric vehicle
ecosystem through the purchase of Revolt Tokens,
vist www.revolttoken.com.
For more
information and to stay up to date on ALYI's overall latest
developments, please visit 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.
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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