ALYI Announces Major Multiparty Agreement
October 16 2020 - 8:23AM
InvestorsHub NewsWire
Dallas, TX -- October 16, 2020 --
InvestorsHub NewsWire -- Alternet Systems, Inc. (USOTC:
ALYI) today announced the completion of a multiparty major
milestone agreement anticipated to substantially move the company
forward toward realizing its electric mobility ecosystem
vision.
The milestone
multiparty agreement with participants from three continents was
completed yesterday representing a major step toward realizing the
ultimate annual electric auto race event central to ALYI’s electric
mobility ecosystem.
The specifics on
the participants and the details of the agreement remains
confidential, though in conjunction with this latest advancement, a
press release revealing the magnitude of the agreement and ongoing
developments is in the
works.
Background:
ALYI has
initiated its electric mobility focus first in Sub-Saharan Africa
where per capita transportation infrastructure is substantially
under resourced. The prevailing low per capita transportation
infrastructure is ideal for technology leapfrog
opportunities.
Instead of
designing specific future products in an isolated lab, ALYI has
designed a process to bring a community of stakeholders together
with ALYI's own design team to collectively contribute to the
future of electric mobility in Sub-Saharan Africa and
beyond.
To motivate and
inspire collaboration in a rational electric mobility evolutionary
process, ALYI has architected an annual electric mobility symposium
and conference around an electric auto race as an anchor
event.
For more
information and to stay up to date on ALYI’s latest developments,
please visit www.alternetsystemsinc.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.
Alternet
Systems, Inc. Contact:
Randell Torno
info@lithiumip.com
+1-800-713-0297
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