Welcome to our dedicated page for Alternet Sys news (Ticker: ALYI), a resource for investors and traders seeking the latest updates and insights on Alternet Sys stock.
The ALYI news page on Stock Titan provides an organized view of historical and transitional news related to Alternet Systems, Inc. (ALYI) and its evolution into MBAK Energy Solutions, Inc. (f/k/a Alternet Systems, Inc.). Company releases describe how the business moved from an electric vehicle and e-mobility focus under the ALYI symbol toward a broader role in non-fossil fuel energy products and battery technologies under the MBAK ticker.
Earlier news items under ALYI discuss the company’s electric motorcycle taxi strategy, an electric vehicle racing initiative, and merger and acquisition explorations intended to adapt its EV ecosystem vision. These updates highlight efforts to develop electric motorcycle assets and consider potential combinations with other businesses to strengthen its position in the electric vehicle market.
Later releases identify MBAK Energy Solutions, Inc. as formerly known as Alternet Systems, Inc. and describe activities such as designing and producing lithium, sodium, and solid-state batteries for industrial, medical, portable electronics, and EV applications. News also references Battery Energy Storage System (BESS) contracts for an Indian power grid, demand for batteries for electric two- and three-wheelers, and supply of battery cells for data center power facilities.
Another key news item notes that MIA Global, Inc. is acquiring the controlling interest in Alternet Systems, Inc., making ALYI a MIA Global affiliated company and indicating potential changes in branding and business focus. By reviewing these articles together, readers can trace how ALYI’s EV and e-mobility initiatives connect to the battery-focused operations described for MBAK Energy Solutions, Inc.
Alternet Systems, Inc. (OTC Pink: ALYI) announced plans to deliver electric motorcycles for a pilot project with Priority Aviation, Inc. (OTC Pink: PJET). This initiative is part of PJET's pivot towards technologies aimed at enhancing student life on college campuses, specifically addressing the global housing shortage. More information is expected as the pilot rollout approaches, although the PR emphasizes inherent risks, including competition and the uncertainty of sales performance.
Alternet Systems, Inc. (OTC Pink: ALYI) announced a $10 million base revenue target for 2022, with a stretch target of $50 million. This confirmation follows an initial announcement earlier this week. Further details on these targets are expected to be presented on December 2nd. The release includes a disclaimer highlighting various risks and uncertainties, suggesting that these targets may not be achieved due to factors such as competition and liquidity challenges.
Alternet Systems (ALYI) announced a $10 million base revenue target for 2022 and a stretch target of $50 million, driven by its electric vehicle sales in Sub-Sahara Africa. The company expects to generate $2 million in revenue for 2021. ALYI is focusing on electric motorcycles and three-wheeled vehicles for taxi services in Kenya and Ethiopia. Additionally, it plans to launch an EV race series in Kenya and has two acquisitions pending that could enhance its market penetration. Management will provide a detailed revenue presentation next week.
Alternet Systems, Inc. (OTC Pink: ALYI) has finalized terms for acquiring an electric vehicle (EV) motorsports business, expected to significantly boost revenue and brand awareness within the EV Ecosystem. This acquisition aligns with ALYI's strategy to be recognized as an EV industry leader. The company aims to establish an EV race series and technology hub in Kenya, emphasizing democratized participation through partnerships, such as with Revolt Token for financing. ALYI plans to finalize the acquisition within two weeks, furthering its commitment to EV solutions in Sub-Saharan Africa.
Alternet Systems, Inc. (USOTC: ALYI) has finalized terms for acquiring an electric vehicle (EV) motorsports business, aiming to enhance brand awareness and revenue. The company focuses on developing a comprehensive EV ecosystem in East Africa, targeting the sub-Saharan region. The acquisition aligns with ALYI's strategy to create an EV race series and technology hub in Kenya, positioning it as a vital aspect for EV businesses. The acquisition is expected to close within two weeks, and ALYI is collaborating with Revolt Token for funding through token sales.
Alternet Systems, Inc. (OTC Pink: ALYI) announced a second contract for electric vehicle deliveries in Africa, enhancing their revenue forecast for 2021. ALYI aims for $2 million in revenue from electric motorcycle sales, potentially exceeding this target with new agreements. The company has begun pilot deliveries of electric three-wheel vehicles in Addis Ababa, expanding to production orders with a goal of 100 vehicles per cycle. ALYI's ecosystem includes partnerships for financing growth through Revolt Tokens, aimed at democratizing participation in the EV market.
Alternet Systems, Inc. (ALYI) has announced plans for a second acquisition, with CEO Randell Torno in London finalizing terms. This follows a recent deal in Nairobi aimed at boosting electric vehicle revenue. ALYI targets $2 million in revenue from electric motorcycles by the end of 2021. The Nairobi acquisition is anticipated to enhance this revenue stream. Additionally, ALYI is rolling out its first electric three-wheel vehicles as taxis in Addis Ababa. The company aims to establish a comprehensive electric vehicle ecosystem in East Africa, facilitating the transition to electric transportation.
Alternet Systems, Inc. (OTC Pink: ALYI) is on target for $2 million in revenue by year-end 2021 from its electric motorcycle sales in Africa. CEO Randell Torno has confirmed acquisition terms for a majority stake in a Nairobi business to enhance revenue. This agreement is expected to be concluded in two weeks. ALYI aims to build an Electric Vehicle Ecosystem addressing the complete EV adoption environment, supporting a transition from combustion engines to electric vehicles. The company has partnered with Revolt Token to facilitate financing through token sales.
Alternet Systems, Inc. (OTC Pink: ALYI) has finalized acquisition terms for a majority stake in a Nairobi business to enhance its electric vehicle revenue. CEO Randell Torno anticipates the agreement will be formalized within two weeks. He is currently overseeing the rollout of electric three-wheel Bajaj vehicles in Addis Ababa. Torno will also travel to London for strategic meetings and a second acquisition. ALYI aims for $2 million in revenue from its electric motorcycles in 2021, establishing a comprehensive Electric Vehicle Ecosystem in East Africa.
Alternet Systems (USOTC: ALYI) announced a video discussion featuring CEO Randell Torno, focusing on the company's Electric Vehicle (EV) Ecosystem and its collaboration with Revolt Token (RVLT). The partnership aims to raise $100 million to support ALYI’s growth in East Africa and beyond. The video addresses key investment questions and outlines the potential of ALYI’s initiatives since 2019. Investors can participate by purchasing Revolt Tokens, enhancing democratized access to the EV market. More details can be found at www.alternetsystemsinc.com.
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