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Dallas, Texas–(Newsfile Corp. – August 21, 2020) – Alternet Systems, Inc. (OTC Pink: ALYI) today revealed its long-term strategy to enter into electric vehicle (EV) international racing. An EV racing initiative has been underway at ALYI for two years and in the coming weeks, the company expects to make details of the initiative public.

ALYI management emphasizes that it is not inventing a new strategy with its entry into EV racing. Automobile manufacturers have participated in racing for over 100 years to advance automobile technology and build brand recognition. ALYI’s EV racing objective is just that – to advance EV technology and build ALYI brand recognition. And while the company may not be inventing the racing strategy, look for ALYI to introduce some innovative new twists.

The movie Ford v Ferrari staring Matt Damon and Christian Bale as auto engineer Carol Shelby and race driver Ken Miles is a notable recent example of how racing contributes to technological advances and branding.

Ford v Ferrari staring Matt Damond and Christian Bale

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/62271

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