ALYI Blasting OFF! ALYI - Alternet Targets $2
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Posted On: 07/14/2020 9:20:38 AM
ALYI Blasting OFF!
ALYI - Alternet Targets $2 Billion Foothold Into $1 Trillion Electric Vehicle Market
8:00 am ET July 14, 2020 (PR Newswire)
Alternet Systems, Inc. (USOTC: ALYI), an innovative electric vehicle company concentrating on the African market, today published a bulletin outlining in further detail the company's recently announced development project to construct an advanced electric mobility site in Africa covering approximately 100 acres. The site is a key component of an overall $300 million initiative designed to expand rapidly beyond the initial $300 million scope. ALYI has executed a $2.5 million investment deal intended to fund the design and engineering of the advanced electric mobility site. The $2.5 million is an advance on a $25 million investment currently committed under a letter of intent. The bulletin is included below in its entirety within this release:
Bulletin: Advanced Electric Mobility Site Supporting $300 Million Initiative
ALYI in an innovative company dedicated to electric mobility. The company was founded on developing a patented portfolio of lithium battery technologies and has evolved into its current focus on developing complete electric mobility solutions for the African market.
ALYI CEO, Dr. Randell Torno, contends that the immediate opportunity for electric powered transportation growth in Africa by far exceeds the electric powered transportation opportunity anywhere else in the world and that the electric mobility technology innovations that will be developed for Africa will ultimately form the foundation of commercial electric powered transportation everywhere. In short, Africa is the global proving ground for electric powered transportation.
ALYI - Alternet Targets $2 Billion Foothold Into $1 Trillion Electric Vehicle Market
8:00 am ET July 14, 2020 (PR Newswire)
Alternet Systems, Inc. (USOTC: ALYI), an innovative electric vehicle company concentrating on the African market, today published a bulletin outlining in further detail the company's recently announced development project to construct an advanced electric mobility site in Africa covering approximately 100 acres. The site is a key component of an overall $300 million initiative designed to expand rapidly beyond the initial $300 million scope. ALYI has executed a $2.5 million investment deal intended to fund the design and engineering of the advanced electric mobility site. The $2.5 million is an advance on a $25 million investment currently committed under a letter of intent. The bulletin is included below in its entirety within this release:
Bulletin: Advanced Electric Mobility Site Supporting $300 Million Initiative
ALYI in an innovative company dedicated to electric mobility. The company was founded on developing a patented portfolio of lithium battery technologies and has evolved into its current focus on developing complete electric mobility solutions for the African market.
ALYI CEO, Dr. Randell Torno, contends that the immediate opportunity for electric powered transportation growth in Africa by far exceeds the electric powered transportation opportunity anywhere else in the world and that the electric mobility technology innovations that will be developed for Africa will ultimately form the foundation of commercial electric powered transportation everywhere. In short, Africa is the global proving ground for electric powered transportation.
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