ALYI Expects To See Orders For ReVolt Electric Motorcycles Double Next Month

Rhea-AI Summary

Alternet Systems (ALYI) announced an anticipated new fleet order for its ReVolt Electric Motorcycle, potentially doubling its current production outlook. The company has already secured an initial $20 million order and a $30 million letter of intent, amounting to a $300 million revenue opportunity over six years. The upcoming order could elevate total revenue potential to $500 million. ALYI plans to enter production later this year, showcasing the ReVolt as a state-of-the-art, connected electric motorcycle, preserving the iconic design of the BMW R71.

Positive

• Expected new fleet order could double production outlook.
• Initial $20 million order and $30 million letter of intent in place, totaling $300 million revenue opportunity.
• Potential for overall revenue to reach $500 million with additional orders.
• Production of ReVolt Electric Motorcycle slated for later this year.

Negative

• None.

DALLAS, Aug. 27, 2020 /PRNewswire/ -- Alternet Systems, Inc. (USOTC: ALYI) today announced that it expects a new fleet order for its ReVolt Electric Motorcycle to double the company's current production outlook. Earlier this month the company announced entering into discussions regarding additional fleet orders. Management now expects to sign an order resulting from those discussions by the end of September.

ALYI currently has already entered into 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. The new order expected to be signed next month would edge ALYI toward a $500 million revenue opportunity.

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.

Still drawing on the BMW R71 original design and look, after several design iterations, 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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SOURCE Alternet Systems, Inc.

FAQ

What is the significance of the new fleet order for ALYI?

The new fleet order is expected to double ALYI's current production outlook, indicating strong market demand for its ReVolt Electric Motorcycle.

What revenue opportunities does the electric motorcycle order present for ALYI?

ALYI's current orders represent a $300 million revenue opportunity over six years, with potential to reach $500 million with new orders.

When is ALYI expected to go into production?

ALYI expects to begin production of the ReVolt Electric Motorcycle later this year.

What is the total value of ALYI's confirmed and potential electric motorcycle orders?

The total value of confirmed and potential orders could reach $500 million, contingent on the signing of additional contracts.