ALYI - Alternet Systems $100 Million Investment Campaign Gains Momentum Following Institutional Commitment Announcement
December 23 2019 - 11:15AM
InvestorsHub NewsWire
Dallas, TX
-- December 23, 2019 -- InvestorsHub NewsWire -- Alternet
Systems, Inc. (USOTC:
ALYI) today announced new interest in the company’s recently
announced $100 million investment campaign to fund regionally
specific electric mobility technology research and development and
production. ALYI is currently developing $300 million in
electric vehicle projects in Africa targeting the shared-ride
market. The company has signed orders for electric
motorcycles with a side car to be produced in Kenya for shared ride
providers in Kenya. ALYI has also recently announced a $100
million cryptocurrency investment strategy targeted at expanding
beyond the company’s existing $300 million in electric vehicle
projects in Africa. Following an announcement last week about
new institutional commitment to ALYI’s initiative in Africa, the
company has garnered new interest from notable investors in its
$100 million investment
initiative.
Last week ALYI
announced securing institutional commitment to support an annual
African electric mobility technology conference and symposium to
advance the deployment of electric powered transportation solutions
specific to Africa. The focus includes environmental
sustainability but also overall transportation efficiency
applicable to the African transportation infrastructure, economy,
and consumer. ALYI CEO, Dr. Randell Torno, contends that the
immediate opportunity for electric powered transportation growth in
Africa by far exceeds the electric powered transportation
opportunity anywhere else in the world and that the electric
mobility technology innovations that will be developed for Africa
will ultimately form the foundation of commercial electric powered
transportation everywhere. In short, Africa is the global
proving ground for electric powered transportation. Dr. Torno just
concluded meetings in London last week where he secured
institutional brand name commitment that will serve as the anchor
event and attraction at the annual African electric mobility
technology conference and symposium. The planed conference
and symposium location is Nairobi,
Kenya.
As ALYI now
begins to assemble and promote the first African electric mobility
technology conference and symposium targeted for the first quarter
of 2021, the company emphasizes that the subject of electric
transportation is far greater than the mere replacement of fossil
fueled cars with electric powered cars. For instance, Volvo,
Hyundai, Aston Martin and Porsche, to name only a few, have
electric powered vertical take-off and landing (VTOL) initiatives
in the works. Uber’s ‘Uber Elevate’ program has slated deploying
flying taxi services in Dallas, Los Angeles and Melbourne by
2023. ALYI is particularly focused on electric transportation
solutions for the shared-ride market. As a further example of
the magnitude of the scope of electric mobility technology, ALYI
highlights the evolution of electricity production and
storage. While electric storage for electric vehicles is
dominated today by lithium batteries, ALYI management doubts the
longevity of lithium-based solutions. Battery technology in
general is inefficient and lithium is volatile. Toyota and
Hyundai already sell hydrogen fuel cell powered cars where instead
of a battery delivery electricity, a hydrogen fuel cell delivers
electricity to the electric car. ALYI has its own hemp
supercapacitor research and development initiative ongoing as a
promising alternative to current battery
technologies.
The
institutional partner referenced today is not yet being
specifically disclosed. In addition to a non-disclosure
agreement, details involving important participation from third
parties separate from the institutional partner and ALYI must first
be finalized. A specific engagement to finalize such details
is underway.
For more
information, 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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