ALYI - Alternet Systems Presents $50 Million African Electric Vehicle Strategy
April 18 2019 - 9:32AM
InvestorsHub NewsWire
ALYI - Alternet Systems Presents
$50 Million African Electric Vehicle Strategy
DALLAS, TX --
April 18, 2019 -- InvestorsHub NewsWire -- Alternet Systems, Inc.
(USOTC:
ALYI) (“ALYI”) today published
a presentation to provide details on the company’s plan to create
over $50 million in value from its African strategy. The
company announced on Friday last week, the execution of a Letter of
Intent (LOI) for a ReVolt Electric Motorcycle assembly plant in
Kenya that includes an initial $20 million order of 2,000 ReVolt
Electric Motorcycles. The company also announced a second LOI
agreement that leads to a potential contract where ALYI secures a
leadership role in a global electric vehicle institution that is
expected to contribute substantially to the ongoing advance of
electric vehicle technology worldwide. The second LOI would
also lead to substantial revenue generation in addition to the $20
million order for 2,000 ReVolt Electric Motorcycles. The
presentation below and included on the Company’s website elaborates
further on the overall plan to create over $50 million in value
from the ALYI African strategy and how the African strategy fits
into the Company’s overall business
plan.
Alternet Systems Energy Storage Innovation
Overview
In a world
proliferating exponentially with demands for more electric energy,
electric energy storage demands more innovation. To date, the
energy storage market has been dominated by seeking efficiencies
within existing technologies or attempts to corner the market on
raw materials for constructing legacy energy storage
solutions. Batteries are not the long-term solution and
lithium is not the ultimate solution. While inventors in
energy storage are hard at work, their inventions remain in
basements, garages and rarely visited university
laboratories. ALYI’s management is focused on bring energy
storage innovation into the mainstream
market.
ALYI management
believes the best way to innovate is to concentrate on applications
of a technology, not the technology itself. Instead of just
working on energy storage, ALYI works on applications for energy
storage. The best applications to work on are those that can
contribute to the biggest change. For instance, when it comes to
electric vehicles, instead of working to replace existing
transportation solutions in developed markets with new electric
transportation solutions, ALYI is bringing electric transportation
solutions where there is a transportation shortage in
general. Hence the African
strategy.
African Electric Vehicle Assembly Plant And Initial
$20 Million Order
ALYI’s ReVolt
Electric Motorcycle with side care is a good market entry fit for
the Africa. Specifically, it’s a good fit for the shared
vehicle market where motorcycle taxis are already a culturally
accepted norm. Better yet, with a local assembly plant, ALYI
can contribute to the local economy helping to improve future
consumer purchasing power.
Accordingly,
ALYI has entered into an LOI to build an agreement with partners in
Kenya to establish an electric vehicle assembly plant in Kenya for
producing first electric motorcycles and later additional electric
vehicle models all for distribution through the African continent.
The intended agreement to result from the LOI includes an initial
$20 million order of 2,000 ReVolt Electric Motorcycles to be
assembled in the new assembly
plant.
Brand-Name Partnership And $50 Million African
Strategy Total
Value
Focusing
innovation on applications that can make substantial changes is the
foundation of a good technology innovation strategy, but garnering
the resources requires building investment community interest and
demand. Accordingly, ALYI is looking to build partnerships
with well know, existing brand name outfits that can contribute to
building investment community interest and demand. The second
LOI signed by ALYI in Kenya last week is specifically targeted at
building such a brand name partnership that can in turn win
investment community interest and demand. ALYI has to keep
the brand name under wraps at the moment, but management
anticipates the LOI will result in an agreement within the next 30
to 60 days where the brand-name will be disclosed. The
agreement has the potential to result in substantial revenue
generation which would supplement the $20 million revenue
anticipated with the motorcycle order bringing the total value of
the ALYI strategy in Africa to $50
million.
ALYI Hemp Lithium Military And Quarter Of A Million
Dollars In 2018
Sales
The African
Strategy is just one of ALYI’s initiatives. ALYI continues
with its existing initiatives to improve the efficacy of the
prevalent use of lithium as a material for batteries. ALYI
also continues with its current initiatives to have hemp utilized
as a better resource for energy storage than lithium or other
currently utilized materials. ALYI’s recent partnership with
Nouveau (USOTC:
NOUV) to build a hemp cultivation facility in New York State is
well underway. ALYI continues with its existing energy
storage innovation efforts in the military sector. In fact,
ALYI just filed its 2018 annual financial statement reporting a
quarter of a million dollars generating from consulting revenue in
the military sector. The African Strategy outlined herein, is
a major step forward that both compliments and enhances the
company’s other initiatives. The African Strategy is not the
company’s only major new project in the works. Look for a
lithium sector related acquisition development in the works to soon
be disclosed.
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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