DALLAS, Feb. 26, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Alternet Systems, Inc. (ALYI) (“ALYI”) is a leader in the electric vehicle (EV) rideshare trend. The company recently announced $1.5 million in fleet orders of their ReVolt Electric Motorcycle to rideshare providers and yesterday announced a new anticipated fleet order expected later this week. With its first major sales under its belt, ALYI management has redoubled its fleet sales efforts targeting shared ride providers. Management further indicates that the company is seeing promising sales traction in Africa for the ReVolt Electric Motorcycle. The micro-transportation EV rideshare trend is evident in almost every major city where street corners are littered with electric scooters. The trend is also evidenced in the automobile sector by the Uber and Lyft programs incentivizing drivers to shift to electric cars. In addition to the ReVolt Electric Motorcycle, ALYI has initiated an effort to acquire an electric automobile production capability in order to be prepared for the anticipated EV shift expected in 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 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
Last week, Goldman Small Cap Research 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 https://www.alternetsystemsinc.com/research-update or http://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.
For more information, please visit: http://www.alternetsystemsinc.com
Alternet Systems, Inc. Contact: