WPUR Backs ALYI EV Taxis, Delivery Vehicles and Racecars

Rhea-AI Summary

WaterPure International announces collaboration with Alternet Systems to launch an off-grid clean energy solution for electric vehicles. The pilot project is on track for a June launch, supporting ALYI's EV Ecosystem initiative and collaborating with the East African Grand Prix for a Formula E race in Kenya. ALYI is already delivering electric motorcycles to Kenya's taxi market and components for electric vehicles in Ethiopia, enhancing its EV ecosystem. The partnership aims to provide sustainable charging solutions alongside other EV market contributors.

Positive

• Partnership with ALYI to support EV ecosystem, which includes off-grid clean energy production.
• Pilot project expected to launch in June, indicating progress in development.
• ALYI's growing EV ecosystem partnerships enhance capabilities and provide off-balance-sheet resources.
• ALYI is delivering electric motorcycles in Kenya, tapping into a robust local taxi market.

Negative

• Risks associated with achieving significant sales and meeting contractual performance.
• Potential impact from competition with greater financial resources.

DALLAS, Feb. 9, 2022 /PRNewswire/ -- WaterPure International, Inc. (USOTC: WPUR) with Alternet Systems, Inc. (OTC Pink: ALYI) today announced work on launching an off grid, clean electric energy production, storage and electric vehicle (EV) charging solution is proceeding on track. 

The technology has been built in a lab and will now be scaled into a pilot in advance of a larger rollout. The larger rollout is planned in conjunction with an agreement WPUR has made with ALYI to support ALYI's EV Ecosystem initiative.

The pilot is expected to go live in June of this year.

WPUR's off grid EV charging solution is expected to be featured in conjunction with ALYI's EV racing initiative. ALYI has worked closely with a Kenyan race event business named East African Grand Prix (EAGP). EAGP has a provisional license with Formula E intended to bring an annual Formula E race event to Kenya.

ALYI, EAGP and Formula E met at Formula E's headquarters in London at the end of 2021 to begin planning for the prospective Nairobi Formula E event.

ALYI's EV ecosystem partnership network is growing and has achieved a number of notable milestones in 2021 in addition to the EAGP/Formula E partnership. The partnerships both expand the overall capabilities of the ALYI EV ecosystem while also providing off balance sheet resources.

EV ecosystem partners include WPUR adding sustainable EV charging solutions, Priority Aviation, Inc. (OTC Pink: PJET), adding EV market expansion opportunity, and iQSTEL, Inc. (OTCQX: IQST), contributing vital EV technologies.

ALYI has begun producing and delivering its first electric vehicles.

ALYI is now delivering two different electric motorcycle models to Kenya. The motorcycles are going into service in the robust motorcycle taxi market that exists in Kenya.

ALYI is also delivering components to locally assemble three wheeled electric Bajas in Ethiopia which are also going into service withing the local taxi market in addition to serving the delivery market.

To learn more about WPUR, visit https://www.wpurinc.com.

To learn more about ALYI, 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.

Contact:

Alternet Systems, Inc.
Randell Torno
info@lithiumip.com
+1-800-713-0297

WaterPure International, Inc.
Ed Bollen
info@wpurinc.com 
+1-972-918-5256

View original content:https://www.prnewswire.com/news-releases/wpur-backs-alyi-ev-taxis-delivery-vehicles-and-racecars-301478969.html

SOURCE WaterPure International, Inc.

FAQ

What is the partnership between WPUR and ALYI about?

WPUR is collaborating with ALYI to launch an off-grid clean energy solution for electric vehicles.

When is the pilot project for WPUR and ALYI expected to launch?

The pilot project is expected to go live in June.

What types of vehicles is ALYI delivering in Kenya?

ALYI is delivering electric motorcycles for the local taxi market.

How is WPUR involved in the EV ecosystem?

WPUR is providing sustainable EV charging solutions as part of ALYI's EV ecosystem.

What are the potential risks mentioned in the WPUR press release?

Risks include significant sales achievement and competition with companies having greater financial resources.