[Kenya] Alternet Systems mulls setting up assembly plant for ReVolt Electric Motorcycles
09-04-2019 10:50:00 | by: Bob Koigi | hits: 2209 | Tags:

Alternet Systems, Inc.has confirmed that its management will meet potential partners and tour facilities in Kenya looking to possibly open an assembly plant to complete manufacturing in Africa for ReVolt Electric Motorcycles to be sold across the African continent.

ALYI has signed $1.5 million in confirmed orders for its ReVolt Electric Motorcycles to be delivered in Kenya and announced a prospective order for two thousand additional ReVolt Electric Motorcycles which would total $20 million in sales.

A commitment to open a plant in Kenya is part of an overall deal that would include the initial order of 2,000 ReVolt Electric Motorcycles. The management has announced a scheduled management out-brief with details of the meetings and a status of the overall deal that would include the $20 million order.

ALYI is focused on offering varied, environmentally sustainable, energy storage solutions for targeted markets, including consumer electric vehicles and military applications. The first product category is lithium battery-powered motorcycles, to be followed by motorbikes.

ALYI also has an ongoing hemp energy storage initiative leading its current efforts to introduce an alternative to lithium batteries.

Goldman Small Cap Research has recently issued a research report update on the Company.

The report confirms 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 new strategy, new orders, and upcoming milestones. Goldman Small Cap Research has also recently issued reports on GD Entertainment And Technology, First Vanadium Corp. and Puration, Inc.