ALYI Expects To See Orders For ReVolt Electric Motorcycles Double Next Month
August 27 2020 - 9:12AM
InvestorsHub NewsWire
Dallas, TX -- August 27, 2020 --
InvestorsHub NewsWire -- Alternet Systems, Inc. (USOTC:
ALYI) today announced that it expects a new fleet order for its
ReVolt Electric Motorcycle to double the company’s current
production outlook. Earlier this month the company announced
entering into discussions regarding additional fleet orders.
Management now expects to sign an order resulting from those
discussions by the end of
September.
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
next month would edge ALYI toward a $500 million revenue
opportunity.
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.
Still drawing on the BMW R71 original
design and look, after several design iterations, 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: https://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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