ALYI Highlights Essential IQST EV Battery Technology Contribution As Potential Market Leader

Rhea-AI Summary

On October 13, 2021, Alternet Systems, Inc. (ALYI) showcased its Retro Revolt Electric Motorcycle prototype in final assembly. This second prototype features a rear hub motor, enhancing battery capacity. ALYI aims to establish a comprehensive electric vehicle ecosystem, partnering with iQSTEL to create a specialized battery solution. The company plans to generate $2 million in revenue by year-end through sales in Africa's motorcycle taxi market, signaling its ambition to innovate in developing regions. ALYI is also collaborating with Revolt Token to finance operations via token sales.

Positive

• ALYI expects to generate $2 million in revenue by year-end from electric motorcycle sales in Africa.
• Partnership with iQSTEL aims to develop a specialized battery solution for electric motorcycles.
• ALYI's strategy targets the growing electric vehicle market in developing regions like Africa.

Negative

• None.

DALLAS, Oct. 13, 2021 /PRNewswire/ -- Alternet Systems, Inc. (USOTC: ALYI) ("ALYI") has released a snapshot taken in the design shop of its Retro Revolt Electric Motorcycle prototype number two in final assembly.  The first prototype was released earlier this year.  The purpose of the second prototype initiative was to move the motor to the rear hub making more frame space available for increased battery capacity. 

ALYI EV Research and Development Workshop

ALYI has undertaken the design and development of an electric motorcycle intended to build, advance, and expand the company's overall proprietary electric vehicle intellectual property.

As part of the ongoing research initiative, ALYI has engaged iQSTEL (OTCQX: IQST) to design a battery solution that meets the challenging requirements specific to an electric motorcycle constrained by limited space for a battery.  ALYI indicates that IQST has clearly set itself apart in the electric motorcycle market for battery solutions and expects IQST to even be potentially recognized industry wide as a leading solution for smaller electric vehicle battery solutions.

The ALYI Retro Revolt Electric Motorcycle is a byproduct of the company's research initiative.  To support the company's ongoing electric vehicle research and to also support the company's branding as an electric vehicle market contender, ALYI will produce a limited series of Retro Revolt Electric Motorcycles for sale in North America.

ALYI is a comprehensive electric vehicle ecosystem company.

ALYI management repeatedly emphasizes that the electric vehicles are just the tip of an overall electric vehicle ecosystem.  ALYI has recently published an overview of its electric vehicle ecosystem strategy covering both the design and production of electric vehicles and the array of impacts and considerations necessary for electric vehicles to replace combustion engine powered transportation to include the increased production of electricity:

ALYI – Understanding The Cryptocurrency Backed EV Ecosystem Behind The EV Company

ALYI is launching its electric vehicle ecosystem in Africa where the transportation market is far from saturated and the opportunity exists to introduce consumers to a transportation solution for the first time, rather than convincing them to exchange one mode of transportation for another. 

Africa and the rest of the world's developing economic regions where ALYI will go next, provide a technology leapfrog opportunity.  The United States and other economically developed regions are resistant to innovation when the innovation requires replacing an existing solution.  Purveyors in developed economic regions are resistant to spending money on an innovation that may produce a superior solution, when a passable and profitable solution is already in place, and consumers are resistant to adopting any change in their daily routine.

ALYI believes the best opportunity for electric transportation innovation resides in the developing economic regions of the world.

ALYI is kicking off its electric vehicle ecosystem strategy in Africa with the introduction of electric motorcycles into the motorcycle taxi market.  ALYI has recently announced that it expects to generate its first revenue this year from the sale of electric motorcycles in Africa designed for the motorcycle taxi market.  Specifically, ALYI intends to generate $2 million by year end from the sale of electric motorcycles.

ALYI has partnered with Revolt Token to finance ALYI's growth by offering democratized participation in the electric vehicle ecosystem through the sale of Revolt Tokens.

To learn more about Revolt Token and how to participate in ALYI's electric vehicle ecosystem through the purchase of Revolt Tokens, visit  https://rvlttoken.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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SOURCE Alternet Systems, Inc.

FAQ

What is ALYI's latest electric motorcycle initiative?

ALYI has revealed its Retro Revolt Electric Motorcycle prototype number two, featuring a rear hub motor to enhance battery capacity.

How much revenue does ALYI expect from electric motorcycle sales?

ALYI anticipates generating $2 million in revenue by the end of the year from electric motorcycle sales in Africa.

What partnership is ALYI engaged in for battery technology?

ALYI is collaborating with iQSTEL to design a specialized battery solution for its electric motorcycles.

Where is ALYI targeting its electric motorcycle sales?

ALYI is focusing on the motorcycle taxi market in Africa for its electric motorcycle sales.

How is ALYI financing its growth?

ALYI has partnered with Revolt Token to finance its growth through the sale of Revolt Tokens.