Dear Shareholders:
ALYI was founded on a vision for an electric transportation future. The company started as an idea, and we have incrementally transitioned components of the founding idea into tangible reality.
The success of concept stage companies transitioning into sustainable businesses is built on the resilience and adaptability of the team behind the concept-to-production mission.
Contrary to popular rhetoric, a good business plan is not the key to success for a concept stage company. A plan for an unknown future is only good until the concept stage business inevitably runs into an unplanned future event. Then it is up to the team behind the concept-to-production mission to adapt and overcome.
No one under the age of 50 has experienced economic inflation, and even fewer people have experienced war time conditions. I am both over 50 and have spent substantial time in a combat zone, and I am not the only one on our concept-to-production team with age and combat experience.
ALYI has adapted to and overcome a number of unplanned events in the course of achieving our current concept-to-production milestones. Inflationary concerns and the war in
The greatest of those milestones so far, I believe, is illustrated in our 2021 annual report. While ALYI has historically been generating consulting revenue, in 2021, we posted our first revenue from the sale of electric vehicles. The 2021 annual report includes details on a
Our first revenue from the sale of electric vehicles is a major milestone in the path from concept-to-production.
We expect to add revenue throughout the year from the
More importantly, the business model and client engagement approach we pioneered to win the
The production of electric vehicles is only one component of achieving a sustainable, global market for electric transportation. Likewise, ALYI is developing additional sources of revenue separate from the production of electric vehicles. We are not planning for the expansion of our electric vehicle book of business to be our only source of revenue growth.
ALYI is building an EV Ecosystem that includes organic and partner solutions for all aspects of the growing EV transportation system.
Our long-term plan is to establish a branded annual event that virtually compels the participation of all EV transportation market participants in order to establish their credibility.
Our vision for the cornerstone of the branded annual event is to host an already recognized brand name electric vehicle racing event as the anchor to an electric transportation symposium.
Toward that end, ALYI has partnered with a racing promoter that has won a provisional license to host an annual
On the more near-term front, ALYI has additional EV Ecosystem developments anticipated to add to revenue sooner.
ALYI continues to work with
ALYI is also working with
ALYI has substantially engaged with Sequoia backed, emerging market focused, self-drive rental car contender, Zoomcar, which is expected to IPO later this year. Zoomcar’s emerging market focus is consistent with the ALYI EV Ecosystem vision. ALYI’s
We expect the rate of ALYI concept-to-production milestones to increase throughout 2022 and 2023 leading to an evolutionary transition in ALYI’s continued expansion resources and options. By 2024, we plan for ALYI to be an attractive acquisition or Nasdaq uplisting candidate.
In the immediate future, as the entire market wades through inflationary and war-time uncertainty, we here at ALYI will keep our noses to the grindstone and continue to advance concept-to-production milestones that we are confident will be recognized by the market once the overall market regains confidence in the infinite possibility held by a future limited only by our collective imagination.
My grandparents were born when the Wright Brothers were experimenting with flight in
In short, I’m not exceedingly concerned by current global affairs. I am confident innovation, as it always has, will resiliently find a way to continue uninterrupted in the advance of new concepts into production. On behalf of everyone at ALYI, we are committed to being part of that uninterrupted advance.
Sincerely,
CEO ALYI
To learn more about ALYI, visit www.alternetsystemsinc.com.
Contact:
info@lithiumip.com
+1-800-713-0297
Source:
2022 GlobeNewswire, Inc., source