ALYI Year-Long Initiative to Enter $47 Billion Electric Truck Market, Gains New Momentum
Dallas, Texas--(Newsfile Corp. - July 27, 2020) - Alternet Systems, Inc. (OTC Pink: ALYI) today confirmed plans for producing and selling electric delivery trucks in Africa made of hemp and powered by hemp batteries. Further design details are expected to be revealed later this year. The company CEO Dr. Randell Torno, first announced the electric delivery vehicles last September in an interview with the CEO of the Africa Development Organization, Libasse Diop Dia. In the interview, the two CEO's discussed the industrialization of Africa with a focus on the development of clean, sustainable energy.
ALYI's electric truck initiative now over a year in the works is gaining new attention and momentum as the investment market begins to give the electric truck market more attention. The market for electric trucks is forecasted to reach $47 billion in the next ten years. Electric truck initiatives from Tesla, Nikola, Workhorse and Rivian, to name just a few, are capturing investment news attention.
ALYI's Electric Truck Initiative
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ALYI is concentrating on a very specific and promising niche overlooked by its electric truck competitors. ALYI is focused on Sub-Saharan Africa. The World Bank states the following about the Sub Saharan Africa region:
"Sub-Saharan Africa's opportunities are vast, and its challenges are persistent. Home to the world's largest free trade area and a 1.2 billion-person market, the continent is creating an entirely new development path, harnessing the potential of its resources and people."
ALYI today confirms and reiterates the ongoing electric delivery vehicle to emphasize ALYI's overall comprehensive, long-term electric mobility business strategy focused on rapidly expanding into the market in Sub-Saharan Africa. The strategy begins with the production of ALYI's proprietary ReVolt Electric Motorcycle designed for a rugged environment and to support the multi passenger Ride-Share industry in Africa already recognized by Uber and Lyft.
Last week, ALYI introduced the RevoltTOKEN cryptocurrency dedicated to funding ALYI's $300 million electric vehicle (EV) initiative in Africa. Later this week, ALYI will publish a video presentation, on Friday, July 31, 2020 to provide comprehensive details on the partnership with RevoltTOKEN and RevoltTOKEN's current $25 million investment commitment to ALYI as well as RevoltTOKEN's planned initial cryptocurrency offering intended to raise $100 million for investment into ALYI and future electric mobility initiatives in Africa.
ALYI has already published a comprehensive narrative presentation on its strategy with RevoltTOKEN. The presentation from yesterday can be viewed at:
To learn more about RevoltTOKEN, visit www.RevoltTOKEN.com.
For more information and to stay up to date on ALYI's latest developments, please visit: http://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.
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