ALYI – Alternet Systems Expands Electric Vehicle Reach To $24 Billion Electric Bicycle Market
Dallas, TX — March 14, 2019 — InvestorsHub NewsWire — Alternet Systems, Inc. (USOTC: ALYI) (“ALYI”) today announced adding electric bicycles to its current electric motorcycle production business. ALYI has recently announced $5 million in orders for its ReVolt Electric Motorcycle, a retro-designed motorcycle with side car that can transport two people in addition to a driver. ALYI’s initial sales success for its electric motorcycles has been with metropolitan shared ride providers. Extending upon that success, ALYI plans to partner with shared dwelling organizations around the world in the design of its electric bicycle with the idea of providing fleet electric bicycle’s for shared use. For example, ALYI is already in discussions with select universities that provide student housing. The company also plans to work with apartments and even talk to refugee shelter providers with the idea of designing a sustainable electric bicycle solution to complement the modern work-living paradigm. The electric bicycle market is anticipated to reach over $24 billion world-wide by 2025.
ALYI is focused on offering varied, environmentally sustainable, energy storage solutions for targeted markets, including consumer electric vehicles and military applications. The first product category is lithium battery-powered motorcycles, to be followed by motorbikes. ALYI has recently announced $2 million in orders of its Revolt Electric Motorcycles. ALYI also recently brought Clarkson University Professor David Mitlin on board to lead a hemp energy storage initiative. Mitlin has successfully used hemp bast – the fiber left over from processing hemp – to construct carbon nanosheets that compete with, and in some respects, outperform the supercapacitor performance derived from more typical graphene nanosheets. Mitlin holds a US patent for his proprietary hemp energy storage technology.
Research Report Speculative Buy Rating And $0.09 Target PPS
Goldman Small Cap Research recently issued a research report update on the Company. The report confirms a ‘speculative-buy’ rating with a target price-per-share of $0.09. The report provides an in-depth overview and analysis of Alternet’s new strategy, new orders, and upcoming milestones. To view the report, along with disclosures and disclaimers, visit www.alternetsystemsinc.com/research-update or www.GoldmanResearch.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.