Dallas, Texas, June 18, 2021 (GLOBE NEWSWIRE) – Alternet Systems, Inc. (OTC Pink: ALYI) today released a management update after performing a scheduled review of its electric motorcycle development program last week with the dedicated design team of MODUS Applied Innovations.
The review and corresponding update include details of iQSTEL’s (OTCQB: IQST) contributions to ALYI’s Electric Motorcycle Development Program and the Electric Car Rides and Rental Pilot Program in Africa.
The review and corresponding update also include details of a recently launched parallel electric motorcycle rider in Kenya by the The United Nations.
In summary, ALYI management is confident, after completing the review, that ALYI remains on track with its pilot carpool and electric vehicle rental program in Africa.
Update of the management of the pilot program of carpooling and rental of autonomous vehicles ALYI
MODUS works with iQSTEL on advanced connected electric vehicle technology in support of the overall goals of ALYI’s electric vehicle program.
MODUS specifically develops a retro electric motorcycle based on the styling of the BMW R71 WWII era motorcycle originally produced for military use. But what MODUS does overall has a much more comprehensive set of goals and far reaching impact.
MODUS and ALYI are close to finalizing the production-ready design of the Revolt retro electric motorcycle that will be produced and sold in the United States. ALYI already has hundreds of reservations to purchase the Revolt retro electric motorcycle.
The broader set of objectives of the MODUS electric motorcycle design initiative was to create a body of intellectual property (IP) knowledge of electric vehicle technology exclusive to ALYI.
The body of knowledge includes the inventory of all commercially available EV technologies that would enable the efficient construction of an optimal and affordable electric motorcycle from commercially available components.
Along with this inventory of commercially available EV technology is the identification of gaps in the market solutions of commercially available components that can contribute to an optimal and affordable electric motorcycle.
There are quite a few shortcomings and, in turn, few or no electric motorcycles on the market today that can be categorized as optimal and affordable. The general state of the electric motorcycle market today is either an electric motorcycle which costs as much as a luxury combustion engine car or an electric motorcycle which has limited range and passenger capacity.
ALYI is confident in the progress made by MODUS to fill the various gaps in EV technology. The resulting ALYI EV IP portfolio will set ALYI apart from other EV competitors, especially EV competitors in the motorcycle business in the overall EV market.
IQST is playing a key role in the MODUS electric motorcycle design initiative for ALYI. IQST brings its experience and proprietary Internet of Things (IoT) technology to the ALYI design team. IQST focus on a custom EV battery solution for ALYI. The ALYI EV battery solution is more than a battery with longer runtime or faster charging capacity. IQST’s EV battery design efforts include pioneering battery management solutions that leverage IQST’s IoT experience and proprietary technology to connect the bike outside the frame to external resources that can contribute to battery management and differentiate ALYI’s solution from its competitors.
In addition to IQST contributions, the UN has launched its own electric motorcycle rider in the boda boda (motorcycle taxi) market in Kenya. ALYI expects the UN pilot to provide valuable insight into the limitations and constraints of electric motorcycle ridesharing businesses that will need to be addressed to facilitate the expansion of an efficient deployment of electric motorcycles.
The electric motorcycle ridesharing and rental pilot project is on track and is expected to begin next month. The pilot is moving forward with known solution gaps that we are already working to address. We anticipate that the pilot will identify additional gaps in addition to giving us the opportunity to test solutions to address the gaps we have already identified. We expect the pilot to expand our body of intellectual property knowledge on proprietary EV technology and accelerate our ultimate commercial deployment of electric motorcycles in Africa.
ALYI has an order to deliver 2,000 electric motorcycles to Kenya for deployment in the motorcycle taxis (boda) market. The first delivery schedule for July is intended to support a first phase of pilot deployment of the carpooling service. The motorcycle hail market in Africa is estimated at $ 4 billion.
ALYI’s electric motorcycle program is only a small part of the company’s overall strategy to create a large-scale electric vehicle ecosystem.
The success of any electric vehicle will depend on the simultaneous availability of a whole network of solutions necessary to support the electric vehicle.
For example, the assistance network for electric vehicles ranges from the availability of electricity to recharging stations where electricity can be accessed, to long-range batteries to make electric vehicles efficient modes of transport, to connectivity to update software for engine synchronization and battery optimization applications. can be continuously updated with other applications for assisting electric vehicle users.
ALYI’s main focus is its overall electric vehicle ecosystem strategy, of which electric vehicles will be only one element.
ALYI is building its ecosystem of electric vehicles in a region with one of the lowest transport per capita ratios in the world, sub-Saharan Africa.
To both attract the best talent in the industry to collaborate in ALYI’s electric vehicle ecosystem and provide the opportunity to prove innovations emerging from the electric vehicle ecosystem, ALYI is launching an annual electric vehicle race in partnership with a branded racing organization. The annual running event will be held simultaneously with a symposium and an exhibition on electric mobility.
ALYI stands out from the rest of the electric vehicle industry not only through its electric vehicle ecosystem strategy, but also through its commitment to democratize the electric vehicle ecosystem.
ALYI’s financial partner and contributor to the electric vehicle ecosystem, RevoltTOKEN, has already provided key funding to advance ALYI’s business plan to its current stage.
ALYI’s funding partner, RevoltTOKEN opened the sale of Revolt tokens to help fund ALYI’s overall electric vehicle ecosystem strategy. During the initial sales of Revolt Token, ALYI’s financial partner, RevoltTOKEN learned from the initial process and is updating the Revolt Token program which it plans to roll out soon. Look for more news next week from RevoltTOKEN.
To learn more about RevoltTOKEN and how to participate in ALYI’s electric vehicle ecosystem by purchasing Revolt tokens, visit www.revolttoken.com.
For more information and to stay up to date on the latest global developments at ALYI, please visit www.alternetsystemsinc.com.
Safe Harbor / Disclaimer: This press 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 which involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned in this document will make significant sales, failure to meet the schedule or performance requirements of the companies’ contracts, the liquidity position of the companies, the capacity companies to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In light of these uncertainties, the forward-looking events mentioned in this press release may not occur.
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