ALYI Getting Ahead Of The EV Charging Bottleneck
12 August 2021 - 03:27AM
InvestorsHub NewsWire
Dallas, TX --
August 11, 2021 -- InvestorsHub NewsWire
-- Alternet
Systems, Inc. (USOTC:
ALYI) (“ALYI”) today confirmed an Electric Vehicle (EV)
charging solution is planned for the company’s EV pilot currently
underway in Africa.
As President
Biden’s EV agenda makes headlines, a charging network is being
discussed as a possible bottleneck to the proposed
agenda.
ALYI’s
business plan is to introduce a comprehensive EV Ecosystem, not
just an EV.
Instead of
introducing a single EV product, ALYI’s business focus is on the
introduction of an EV ecosystem that addresses the entire EV
adoption environment from the perpetual design of best in class
vehicles to the perpetual design of the myriad of mechanical and
digital systems that go into a best in class vehicle; from the
charging and maintenance infrastructure that goes into supporting
consumer and commercial vehicles, to the EV value proposition
itself that drives consumers and businesses to transition from
combustion engines to electric powered
vehicles.
ALYI does not
intend to go it alone. ALYI is building a core element into its
ecosystem that attracts, if not compels the participation of all
would be brand name EV industry leaders in an annual EV symposium
and conference. The EV symposium and conference will be
anchored by an EV race event in Kenya that comes with a substantial
brand name.
The EV race
market was valued in 2019 at
over $80 billion dollars and is anticipated to grow to over $200
billion by 2025.
ALYI’s EV
ecosystem is founded on building participation in an EV race event
as a central component in advancing EV technology and EV
branding.
ALYI has been
developing a partnership with a major EV racing brand for more than
two years now. Over a year ago, ALYI entered into a formal
partnership agreement that includes that EV racing brand. The
first milestone objectives contemplated under the agreement have
been achieved and the next steps are imminent. ALYI expects
the next steps to include naming the EV racing brand at which time,
ALYI management anticipates ALYI’s overall visibility within the
global EV market to be substantially
elevated.
The objective
of the EV symposium and conference anchored by an EV race is to
advance EV technology by building EV solutions for the African
market – a power constrained, rugged environment with one of the
lowest per capita transportation deployments in the world. EV
solutions for the African market will be applicable the world
around. EV solutions designed and built in Africa also
contribute to building an autonomous African
economy.
ALYI has
seeded its EV ecosystem solution with the development of its own EV
motorcycle business. ALYI has recently initiated an Electric
Motorcycle pilot program in Kenya which is already generating
results expected to set ALYI’s EV business apart from the
competition.
The pilot is
being conducted in conjunction with the 2,000 electric motorcycle
order, the fulfillment of which is being finalized with results
from the pilot.
Today, ALYI
management confirmed plans for the current EV pilot underway to
include a charging solution component. Management further
added that the charging solution component will include more than
one technology approach covering both on and off grid
solutions.
ALYI has
designed its EV ecosystem solution to include democratized
participation. ALYI has partnered with ReovltTOKEN to finance
ALYI’s growth by offering participation in the EV ecosystem through
the sale of Revolt Tokens.
To learn more
about RevoltTOKEN and how to participate in ALYI’s electric vehicle
ecosystem through the purchase of Revolt Tokens,
visit https://rvlttoken.com/.
ALYI plans to
make a major announcement later this month regarding the EV race
that management expects will garner substantial attention to ALYI’s
overall EV Ecosystem
strategy.
For more
information and to stay up to date on ALYI's overall latest
developments, please 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.
For more information, please
visit: http://www.alternetsystemsinc.com
Alternet Systems, Inc. Contact:
Randell Torno
info@lithiumip.com
+1-800-713-0297
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