Dallas, TX – April 17, 2018 Alternet Systems, Inc. (USOTC: ALYI) announces, ReVolt Electric Motorbikes, a new company conceived by Alternet Systems, Inc. (USOTC: ALYI) and launched as an Alternet subsidiary. Alternet is applying its portfolio of lithium battery technologies to empower commercially viable, environmentally sustainable alternatives to existing consumer markets. ReVolt has partnered with a manufacturing company to first produce a motorcycle based on the 1930's BMW R71 motorcycle with sidecar utilized by the German Army in WWII. The ReVolt Classic Electric Motorbike with Sidecar will be powered by an electric motor utilizing an Alternet Systems designed lithium battery solution.
The pilot ReVolt Classic Electric Motorbike with Sidecar is under construction now and expected to be complete early this summer for evaluation and testing. The company plans to have a limited production final product ready for the holiday season. The pilot ReVolt Classic Electric Motorbike will be on display at various trade shows leading up to the holiday season.
This classic motorcycle design has been seen in countless movies to include The Great Escape staring Steve McQueen, an avid motorcycle enthusiast and racer. The movie includes a famous motorcycle chase where Steve McQueen rides a German Military motorcycle pursued by German soldiers riding the same.
Long-Term Plan To Deliver Electric Motorbikes To Developing Economic Markets
The long-term object of ReVolt Electric Motorbikes is to become a leader in the production of electric motorbikes as daily drivers in the developing economic regions of the world were motorcycles, scooters and mopeds are the primary mode of transportation. The current global market for motorcycles, scooters and mopeds is approximately 130 million units per year resulting in $120 billion in annual sales. As per capita income in developing economic regions continues to improve, motorcycle, scooter and moped sales are correspondingly expected to grow. Global automobile sales in 2018 is expected to reach just 80 million units.
ReVolt Electric Motorbikes strategic plan is to 1.) establish a manufacturing capacity and to
2.) refine the Alternet Lithium Battery Technology through the production and sales of a fun, useful and affordable electric motorbikes based on classic motorcycle designs for the U.S. consumer market. With a manufacturing capacity established and a lithium battery technology on the market, ReVolt Electric Motorbikes plans to begin delivering a line of daily driver electric motorbikes to developing economic regions.
Keep up with ReVolt’s latest developments by checking back periodically to the company’s website: www.revoltmotorbikes.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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