See headlines for ALYI
View Print Version
More from GlobeNewswire
ALYI Courts $20 Million Electric Vehicle Order
ALYI Reports First Revenue From New Energy Storage Innovation Business Focus
By GlobeNewswire, April 22, 2019, 12:27:00 PM EDT
Vote up
AAA
DALLAS, April 22, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Alternet Systems, Inc. (USOTC:ALYI) ("ALYI") recently posted its 2018 financial statement reporting its first quarter million in revenue generated since the company shifted its business direction toward energy storage. Since the onset of 2019, the company has announced $2 million in orders for its ReVolt Electric Motorcycles. The Company has recently published a management presentation detailing the company's overall energy storage innovation strategy and featuring one of its major initiatives making news that could result in a $20 million order. The presentation narrative is included in its entirety below:
Alternet Systems Energy Storage Innovation Overview
In a world proliferating exponentially with demands for more electric energy, electric energy storage demands more innovation. To date, the energy storage market has been dominated by seeking efficiencies within existing technologies or attempts to corner the market on raw materials for constructing legacy energy storage solutions. Batteries are not the long-term solution and lithium is not the ultimate solution. While inventors in energy storage are hard at work, their inventions remain in basements, garages and rarely visited university laboratories. ALYI's management is focused on bring energy storage innovation into the mainstream market.
ALYI management believes the best way to innovate is to concentrate on applications of a technology, not the technology itself. Instead of just working on energy storage, ALYI works on applications for energy storage. The best applications to work on are those that can contribute to the biggest change. For instance, when it comes to electric vehicles, instead of working to replace existing transportation solutions in developed markets with new electric transportation solutions, ALYI is bringing electric transportation solutions where there is a transportation shortage in general. Hence the African strategy.
African Electric Vehicle Assembly Plant And Initial $20 Million Order
ALYI's ReVolt Electric Motorcycle with side car is a good market entry fit for the Africa. Specifically, it's a good fit for the shared vehicle market where motorcycle taxis are already a culturally accepted norm. Better yet, with a local assembly plant, ALYI can contribute to the local economy helping to improve future consumer purchasing power.
