ALYI $300 Million Electric Vehicle Revenue Outlook Could Soon Double
August 12 2020 - 10:07AM
InvestorsHub NewsWire
Dallas, TX -- August 12, 2020 --
InvestorsHub NewsWire -- via Alternet Systems, Inc. (USOTC:
ALYI) today announced that in reaction to recent events, its
existing $300 million revenue outlook could soon double, if not go
even higher.
Management highlighted the recent surge in
electric vehicle investment interest. Tesla (TSLA),
among other notable electric vehicle initiatives to include Nikola
(NKLA),
Workhorse (WKHS)
and Nio (NIO) are seeing a groundswell in electric vehicle investor
enthusiasm.
That same electric vehicle investor
groundswell is resulting in increased opportunity for
ALYI.
ALYI currently has 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.
With electric vehicle market interest at
an all-time high, ALYI management currently reports that it has
entered into discussions for additional fleet orders that could
substantially increase its current $300 million revenue opportunity
doubling the current outlook and potentially seeing the outlook
even higher than twice the current $300 million revenue
opportunity.
ALYI has entered
into an agreement to receive a $25 million investment
from RevoltTOKEN to fund ALYI’s
electric mobility initiative in Africa leading with the ReVolt
Electric Motorcycle. The investment is part of a RevoltTOKEN
planned initial cryptocurrency offering (ICO) intended to
raise $100 million for an overall investment into ALYI's
electric mobility initiative
in Africa.
Over two years ago, ALYI piloted an
electric motorcycle that in its first rendition was a BMW R71 clone
retrofitted with an electric motor. The BMW R71 is a
breathtaking iconic image popularized through decades of frequent
Hollywood screen appearances in addition to the real engineering
breakthroughs that maintain the bike’s
relevance.
The market opportunity initially
considered for the ReVolt Electric Motorcycle encompassed a target
audience of clean energy enthusiasts drawn to the iconic
image. While that market remains in ALYI’s sites, the much
larger target market opportunity involves dominating a core
component of the everyday transportation sector in Africa –
motorcycle taxis or Boda-bodas.
Iconic design alone would not make the
ReVolt Electric Motorcycle a dominant competitor in the African
motorcycle market. So began an intense and comprehensive
engineering initiative to expand upon the engineering breakthroughs
of the original BMW R71 motorcycle to make the ReVolt Electric
Motorcycle the go-to option in the African
market.
The ReVolt Electric Motorcycle today is an
innovation feat. When ALYI unveils the production version of the
ReVolt Electric Motorcycle, it will be an industry changing
event. The ReVolt Electric Motorcycle is a connected, state
of the art electric motorcycle, ergonomically optimized for its
target market while still maintaining an iconic
look.
ALYI expects to be in production later
this year.
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
SOURCE: Alternet Systems,
Inc.
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