STOCK TITAN

ALYI To Feature Award Winning EV Design Team With More Than 200 Patentable Claims Tomorrow

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Alternet Systems, Inc. (USOTC: ALYI) announced the introduction of its award-winning design team, boasting over 200 patentable claims, which will be presented on September 11, 2020. The focus is on the Rideshare ReVolt Electric Motorcycle, aimed at enhancing the motorcycle taxi market in Sub-Saharan Africa while promoting environmental sustainability and local economic growth. This initiative marks the beginning of ALYI's broader vision for electric mobility in the region, incorporating stakeholder collaboration to innovate future electric vehicle designs.

Positive
  • Introduction of an award-winning design team with over 200 patentable claims.
  • Focus on environmentally sustainable transportation in Sub-Saharan Africa.
  • Collaboration with community stakeholders to drive innovative electric vehicle development.
Negative
  • None.

DALLAS, Sept. 10, 2020 /PRNewswire/ -- Alternet Systems, Inc. (USOTC: ALYI) today confirmed its award winning design team with over 200 patentable claims will be introduced tomorrow, Friday, September 11, 2020 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 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.

Look for a before market release tomorrow on the design team presentation to learn more.

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

Cision View original content:http://www.prnewswire.com/news-releases/alyi-to-feature-award-winning-ev-design-team-with-more-than-200-patentable-claims-tomorrow-301127609.html

SOURCE Alternet Systems Inc.

FAQ

What is the significance of ALYI's award-winning design team?

ALYI's award-winning design team, featuring over 200 patentable claims, signifies the company’s commitment to innovation in electric vehicle design.

What is the Rideshare ReVolt Electric Motorcycle?

The Rideshare ReVolt Electric Motorcycle is designed to enhance the motorcycle taxi market in Sub-Saharan Africa, aiming for sustainability and economic benefit.

When will ALYI present its design team?

ALYI will present its design team on September 11, 2020.

How does ALYI plan to impact the Sub-Saharan transportation market?

ALYI aims to provide environmentally sustainable transportation while optimizing economic benefits for the local economy.

What are the future plans for ALYI's electric mobility vision?

ALYI plans to develop a community-driven approach for future electric mobility solutions in Sub-Saharan Africa.

ALTERNET SYSTEMS INC

OTC:ALYI

ALYI Rankings

ALYI Latest News

ALYI Stock Data

2.45M
3.06B
Information Technology Services
Technology
Link
United States of America
Miami