ALYI To Release New EV Order Details Anticipated To Increase Revenue From $300M To $500 This Thursday

Rhea-AI Summary

Alternet Systems (ALYI) has signed a letter of intent with a potential customer for ReVolt Electric Motorcycles, which could double production outlook by the end of September 2020. The company has already secured a $20 million electric motorcycle order and a $30 million letter of intent, totaling a prospective revenue of $300 million. With the new order expected soon, ALYI's revenue outlook may rise to $500 million. A detailed update on this order will be released on September 17, 2020.

Positive

• New letter of intent could double production outlook.
• Total revenue opportunity projected to increase to $500 million.

Negative

• None.

DALLAS, Sept. 14, 2020 /PRNewswire/ -- Alternet Systems, Inc. (USOTC: ALYI) today confirmed the company has entered into a letter of intent (LOI) agreement with a new potential customer for ReVolt Electric Motorcycles.  The actual order is expected to be complete by the end of September and it could double the company's current production outlook.  Today, ALYI announced a new order update is planned to be published on Thursday, September 17, 2020 with details on the new potential order.

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 later month would edge ALYI toward a $500 million revenue opportunity outlook.

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 latest update on Alternet Systems (ALYI) as of September 2020?

Alternet Systems has entered a letter of intent for ReVolt Electric Motorcycles, potentially doubling their production outlook and increasing revenue opportunities.

What are the current revenue opportunities for ALYI?

ALYI currently has $300 million in revenue opportunities, with potential to increase to $500 million with the new order.

When will ALYI release new details about the electric motorcycle order?

ALYI plans to provide an update on the new order on September 17, 2020.

What are the existing contracts ALYI has secured?

ALYI has secured a $20 million order and a $30 million letter of intent, both extending over six years.