ALYI Confirms Order For 2000 Electric Motorcycles

Rhea-AI Summary

Alternet Systems, Inc. (OTC Pink: ALYI) has confirmed an order for 2,000 electric motorcycles to support its planned rollout of an Electric Vehicle (EV) Rideshare and rental solution in Africa. This initiative includes a pilot program in Kenya aimed at transitioning the motorcycle taxi market from combustion engines to eco-friendly alternatives. The company also plans an annual EV symposium in Kenya to enhance EV technology and foster participation from industry leaders. The pilot program is expected to last around 90 days and is tied to the motorcycle order.

Positive

• Confirmed order of 2,000 electric motorcycles to boost EV Rideshare solution.
• Initiated a pilot program in Kenya, expected to differentiate ALYI's business.
• Plans for an annual EV symposium to promote industry collaboration.

Negative

• None.

Dallas, Texas, July 16, 2021 (GLOBE NEWSWIRE) -- Alternet Systems, Inc. (OTC Pink: ALYI) (“ALYI”) today confirmed an order for 2,000 electric motorcycles.  The order supports the planned rollout of a comprehensive Electric Vehicle (EV) Rideshare and rental solution in Africa beginning with electric motorcycles.  ALYI has recently launched a comprehensive pilot bringing together a host of partners in Kenya to support a soup to nuts eco-friendly electric motorcycle alternative to Africa’s robust motorcycle taxi market currently dominated by combustion engine bikes.

Facedrive, a Canadian company also pursuing the EV Rideshare market, is featured in a recent article titled The Future Of Transportation: EV Stocks Could Fly This Summer. The article highlights the EV Rideshare market opportunity amidst the EV manufacturers race featuring names like Tesla and Nio as well as EV component players like Blink.

ALYI management is happy to see competitors like Facedrive entering the EV Rideshare sector.  ALYI management believes there is plenty of room in the sector and competition is a confirmation on the value and overall potential of the sector.   

ALYI is building a comprehensive EV ecosystem solution designed to advance the entire EV sector with perpetual contribution to EV technology advanced by the ongoing participation of EV industry leaders. 

ALYI is targeting the participation of brand name EV industry leaders in an annual EV symposium and conferenced anchored by an EV race event in Kenya.  The objective of the EV symposium and conference is to advance EV technology by building EV solutions for the African market – a power constrained, rugged environment with one of the lowest per capita transportation deployments in the world.  EV solutions for the African market will be applicable the world around.  EV solutions designed and built in Africa also contribute to building an autonomous African economy.

ALYI has seeded its EV ecosystem solution with the development of its own EV motorcycle business.  ALYI has recently initiated an Electric Motorcycle pilot program in Kenya which is already generating results expected to set ALYI’s EV business apart from the competition.

ALYI has published an overview of the pilot program highlighting the pilot objectives.  As the pilot ramps up this month, ALYI management plans to begin sharing featured moments of the pilot program in progress to include pictures and videos.  The pilot is expected to go on for approximately ninety days.

The pilot is being conducted in conjunction with a 2,000 electric motorcycle order, the fulfillment of which is being finalized with results from the pilot.

ALYI has designed its EV ecosystem solution to include democratized participation. ALYI has partnered with ReovltTOKEN to finance ALYI’s growth by offering participation in the EV ecosystem through the sale of Revolt Tokens.

To learn more about RevoltTOKEN and how to participate in ALYI’s electric vehicle ecosystem through the purchase of Revolt Tokens, visit 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

FAQ

What is the recent order confirmed by Alternet Systems (ALYI)?

ALYI confirmed an order for 2,000 electric motorcycles to support an Electric Vehicle Rideshare solution in Africa.

Where is the pilot program for ALYI's electric motorcycle taking place?

The pilot program is being conducted in Kenya.

What is the purpose of ALYI's electric motorcycle pilot program?

The pilot program aims to transition the motorcycle taxi market in Kenya from combustion engines to electric alternatives.

When is the pilot program for the electric motorcycles expected to end?

The pilot program is expected to last approximately 90 days.

What event is ALYI planning to advance EV technology?

ALYI plans to host an annual EV symposium and conference in Kenya.