ALYI Forecasts EV Taxi Revenue Beginning This Year
18 August 2021 - 10:54PM
InvestorsHub NewsWire
Dallas, TX --
August 18, 2021 -- InvestorsHub NewsWire
-- Alternet
Systems, Inc. (USOTC:
ALYI) (“ALYI”) today announced that it expects revenue from its
Electric Vehicle (EV) Taxi Business to start before the end of
2021.
CEO Dr.
Randell Torno recently returned to Dallas following waypoint
meetings in Nairobi managing the company’s ongoing EV Taxi Pilot
Program.
Africa has
millions of motorcycles deployed as taxis or boda-bodas, and ALYI,
as one part of its overall EV Ecosystem Business
Strategy, is engaged in a project to replace combustion
engine motorcycles with electric motorcycles. In conjunction
with the EV Taxi Pilot, ALYI has an order for 2,000 electric
motorcycles
Dr. Torno
reported in a recent follow up to his meetings in
Nairobi, “I believe our pilot program is being well received by all
boda-boda key parties in regard to all essential boda-boda pacing
points. I am optimistic that our first electric motorcycle
deployment target following the pilot can be 20,000 electric
motorcycles far surpassing the 2,000 trial order we built the pilot
around. I believe the number can rapidly grow from
20,000.”
ALYI
management today indicated that it anticipates the pilot
transitioning seamlessly into the fulfillment of the first electric
motorcycle orders and the corresponding initiation of revenue from
the fulfillment of the first orders starting this year. The
company expects to refine its revenue forecast for revenue from the
EV Taxi Business to a specific dollar amount within the next thirty
days.
ALYI has
seeded an overall EV Ecosystem Business Strategy
with the development of its own EV motorcycle business discussed
above.
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.
Ultimately,
ALYI does not intend to go it alone on the overall development and
rollout of its EV Ecosystem. 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
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
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