Dallas, TX – May 10, 2018 Alternet Systems, Inc. (USOTC: ALYI) today announced the shipping its first pilot production motorcycles ahead of schedule. The company recently launched an Electric Vehicle (EV) business called ReVolt Electric Motorbikes utilizing the company’s portfolio of patented lithium battery technologies developed by Air Products and Chemicals, Inc. (NYSE: APD) and tested by Nissan Motor Company, Ltd. The first motorcycle, to be produced is based on BMW’s classic, WWII era, R71 motorcycle with sidecar. ReVolt is planning to produce a limited edition of the retro-classic electric motorcycle later this year in time for the holiday season. Being ahead of schedule in the production of the first pilots for testing improves the company’s potential to be on time for this holiday season.
Goldman Small Cap Research recently issued a research report on the Company. The report includes 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 patented lithium battery technology portfolio and the first application of the technology in an electric motorcycle being produced by an Alternet subsidiary. To view the report, visit www.lithiumip.com/research-rpt or www.GoldmanResearch.com.
About Alternet Systems, Inc.
Alternet Systems, Inc. is leveraging its key lithium battery technologies patent agreement to introduce innovative, environmentally sustainable products to various consumer markets. The first product category in which a first run of production will be introduced this year, is lithium battery-powered motorcycles, to be followed by motorbikes. These products will be released through its newly launched ReVolt Electric Motorbikes subsidiary.
Keep up with ReVolt’s latest developments by checking back periodically to the company’s website: www.revoltmotorbikes.com
Learn more on the company's website: www.lithiumip.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.
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