Alternet Systems Inc - ALYI stock
OTC Symbol: ALYI
About[edit]
Alternet Systems (OTC: ALYI) is a company that develops and sells electric motorcycles and vehicles, and it plans to create a comprehensive EV ecosystem that includes battery production, charging stations, and other related products and services.[1]
Strategic Plan[edit]
Alternet provided a preview of its electric vehicle (EV) strategic plan in August 2022, which outlines the company's vision for creating a comprehensive EV ecosystem, which includes a full EV ecosystem that includes battery production, charging stations, and other related products and services. The company's strategic plan includes the development of a proprietary EV battery that can be used in ALYI's EVs, as well as in other EVs on the market. The company plans to partner with a battery manufacturer to produce the batteries, which will be designed to be more efficient and longer-lasting than existing EV batteries. The strategic plan also includes the development of a network of EV charging stations, which will be installed in strategic locations around the world. The charging stations will be designed to be compatible with a range of EVs, and they will use renewable energy sources to minimize their carbon footprint.[2]
Products[edit]
Alternet plans to enter the electric vehicle market with products including motorcycles and delivery trucks. The ReVolt Electric Motorcycle will use a high strength oval tube frame. The design is based on a BMW R71 motorcylce that dates back to the 1930's. They intend to focus on the Sub-Saharan Africa market.[3]
Electric Motorcycles[edit]
In January 2022 the company indicated that they are providing two different electric motorcycle models in Kenya for taxi service. They are also delivering components for three wheeled electric Bajas to be assembled in Ethiopia for use in taxi and delivery services. This is based on an agreement with a company called EV Battery Tech to co-develop a lithium-ion battery that can be used in ALYI's EVs. They are also planning to install EV charging stations in Kenya, where the company has an ongoing EV pilot program. In addition, the press release reports that ALYI is partnering with a company called RevoltTOKEN to launch a cryptocurrency-based investment platform that will allow investors to buy into ALYI's EV ecosystem.[1]
Energy Storage[edit]
In the energy storage field, the company is "building an in-vogue portfolio of Lithium technologies in partnership with a Fortune-500 company" with solutions that are not necessarily Lithium-ion based.[3]
Combat Systems[edit]
Additionaly, the company seeks "to develop partnerships concentrating on the integration of Alternet technology into US combat systems" as well as "working to develop similar partnerships for delivering combat systems utilizing Alternet technology to small, allied nation-states."[3]
Revolt Token[edit]
The Revolt token has not established an exchange listing as of March 2022.[1] The strategic plan release in August 2022 continues to include the development of a cryptocurrency-based investment platform, which will allow investors to buy into ALYI's EV ecosystem. The platform will use a cryptocurrency called RevoltTOKEN, which will be backed by ALYI's EV assets.
Financial Performance[edit]
While the company stated that they expected to report $2 million in revenue for 2021,[1] actual revenues for the year were only $288,000.[4]
- ↑ 1.0 1.1 1.2 1.3 Yahoo Finance. ALYI Accelerates EV Ecosystem Growth On Revenue And Partnership Milestones. January 11,2022.
- ↑ Yahoo Finance. ALYI Previews Electric Vehicle Strategic Transition. August 16, 2022.
- ↑ 3.0 3.1 3.2 alternetsystemsinc.com. Home. Accessed on 3/15/2022.
- ↑ OTC Markets. ALYI stock financials. Accessed on 4/15/2023.
