ALYI Targets EV Battery Cost And Driving Range Tipping Point Contributions Along Side GM And Tesla

Rhea-AI Summary

Alternet Systems, Inc. (USOTC: ALYI) is addressing key challenges in the electric vehicle (EV) sector, particularly battery costs and driving range. Recent advancements may lead to widespread EV adoption, with ALYI focusing on electric motorcycles. The company anticipates significant contributions to battery innovation, potentially generating a new revenue stream alongside an estimated $300 million in projected revenues. ALYI's efforts aim to foster sustainable transportation in Sub-Saharan Africa, with plans for an initial cryptocurrency offering (ICO) to enhance ecosystem participation.

Positive

• Anticipated contributions to battery innovation could provide a new revenue stream.
• Projected electric vehicle revenue of $300 million indicates strong market potential.
• Focus on sustainable transportation in Sub-Saharan Africa aligns with global trends.

Negative

• None.

DALLAS, Sept. 9, 2020 /PRNewswire/ -- Alternet Systems, Inc. (USOTC: ALYI), like all electric (EV) vehicle industry participants, recognizes that battery cost and driving range are key factors in clearing the way to the widespread adoption of electric vehicles.  Recent battery technology advances are now bringing the EV industry close to a wide spread adoption "tipping point".

The Great Battery Race

With ALYI's primary focus currently on electric motorcycles, the battery hurdles are lower.  Nevertheless, ALYI's electric mobility vision reaches well beyond electric motorcycles and the ALYI design team expects ALYI will make its own contributions to battery cost reduction and increased driving range.

The EV industry is eagerly anticipating Tesla's "Battery Day" news scheduled for release at its annual shareholder meeting on September 22^nd, 2020.

GM has a partnership with LG to produce low cost Ultium batteries.  Now GM has a separate partnership with Nikola to engineer and manufacture Nikola's Badger hydrogen/electric pickup truck.

GM, Tesla, LG and Nikola are only a handful of the parties working to advance EV battery technology.  Volkswagen, Samsung and Panasonic, to name only a few, all have battery initiatives in the works to impact battery cost reductions and driving range increases.

ALYI's battery innovations will be one topic included in the company's industrial design team presentation this Friday, September 11, 2020. 

The ALYI award winning design team with over 200 patentable claims will be introduced Friday to feature ALYI's future electric vehicle design momentum stemming from lessons learned through work on ALYI's Rideshare ReVolt Electric Motorcycle designed to augment the current Sub-Saharan motorcycle taxi (boda boda) market capacity and in the long-term, evolve the entire motorcycle fleet into a safer and environmentally sustainable ecosystem.

ALYI's battery innovation progress is setting the company's Rideshare ReVolt Electric Motorcycle apart from its competitors and could generate its own revenue stream.

ALYI Management anticipates the company's groundbreaking electric vehicle battery innovation progress could generate an independent stream of revenue adding to the company's current $300 million in projected electric vehicle revenue. 

The team will carefully touch on the current ReVolt Electric Motorcycle version keeping most current design features under wraps pending the launch of production.  The larger purpose of the presentation is to demonstrate the overall design capabilities and experience behind ALYI's current and future electric mobility innovations.

ALYI's electric mobility focus in Sub-Saharan Africa is founded on bringing environmentally sustainable transportation resources to a region where per capita transportation infrastructure is substantially under resourced. At the same time, ALYI intends to develop and deploy the subject sustainable transportation solution in a manner that optimizes the economic benefit to the local economy.

The Rideshare ReVolt Electric Motorcycle is just the starting place for ALYI's long-term electric mobility vision.  Instead of designing specific future products in an isolated lab, ALYI has designed a process to bring a community of stakeholders together with ALYI's own design team to collectively contribute to the future of electric mobility in Sub-Sharan Africa and beyond.

To motivate and inspire collaboration in a rational electric mobility evolutionary process, ALYI has architected an annual electric mobility symposium and conference around an electric auto race as an anchor event.  The annual event will generate revenue contributing to the local economy, at the same time contributing to the evolutionary development of future electric mobility innovations.  The expense of research and development will at least be offset by revenue from the annual event and potentially, research and development may become a profit center.

ALYI Electric Mobility Ecosystem Participation

ALYI's electric mobility ecosystem has been designed to invite wide participation with the catalyst launching the ecosystem into perpetual motion built around a planned initial cryptocurrency offering (ICO) organized by ALYI funding partner RevoltTOLKEN.

The RevoltTOKEN cryptocurrency is structured to incorporate the holder as a stakeholder into the ALYI electric mobility ecosystem.

The RevoltTOKEN cryptocurrency is a utility token with redeemable value into the ALYI electric mobility ecosystem.

All interested in purchasing RevoltTOKEN cryptocurrency are encouraged to thoroughly review the white paper currently in a draft form and available on the RevoltTOKEN website (www.revolttoken.com) where the cryptocurrency redemption options are listed. 

The whitepaper also details the overall vision of the ALYI electric mobility ecosystem in partnership with those becoming RevoltTOKEN stakeholders.

RevoltTOKEN is prepared to promptly move forward with the planned ICO.  The ICO date and details will be forthcoming in several soon to be published future updates.

In the meantime, any parties interested in the pre-ICO purchase of RevoltTOKEN cryptocurrency can contact the company by email at ir@revolttoken.com to explore pre-ICO incentives and opportunities.

For more information and to stay up to date on ALYI's 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.

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 focus of Alternet Systems, Inc. (ALYI) in the electric vehicle market?

Alternet Systems, Inc. is focusing on electric motorcycles with an emphasis on reducing battery costs and enhancing driving range.

How much revenue is Alternet Systems, Inc. (ALYI) projected to generate?

Alternet Systems, Inc. has projected electric vehicle revenue of approximately $300 million.

What partnership is mentioned involving GM and Tesla related to battery technology?

GM has partnered with LG to produce low-cost Ultium batteries, contributing to advancements in battery technology.

When is the planned initial cryptocurrency offering (ICO) by ALYI?

The exact date for Alternet Systems' ICO is forthcoming, with details expected in upcoming updates.