Business
ALYI - Alternet Systems Presents $50 Million African Electric Vehicle Strategy
ALYI - Alternet Systems Presents $50 Million African Electric Vehicle Strategy.
About this update from Nouveau Life Pharmaceuticals, Inc.
[{"type":"text","content":"\nDALLAS, April 18, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Alternet Systems, Inc. (USOTC: ALYI) (“ALYI”) today published a presentation to provide details on the company’s plan to create over $50 million in value from its African strategy.  The company announced on Friday last week, the execution of a Letter of Intent (LOI) for a ReVolt Electric Motorcycle assembly plant in Kenya that includes an initial $20 million order of 2,000 ReVolt Electric Motorcycles.  The company also announced a second LOI agreement that leads to a potential contract where ALYI secures a leadership role in a global electric vehicle institution that is expected to contribute substantially to the ongoing advance of electric vehicle technology worldwide.  The second LOI would also lead to substantial revenue generation in addition to the $20 million order for 2,000 ReVolt Electric Motorcycles.  The presentation below and included on the Company’s website elaborates further on the overall plan to create over $50 million in value from the ALYI African strategy and how the African strategy fits into the Company’s overall business plan.\n 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 ...