iQSTEL, Inc. (USOTC: IQST) an international telecommunication and fintech service provider, and Alternet Systems, Inc. (USOTC: ALYI), an electric vehicle (EV) innovator, today announced a letter of intent (LOI) agreement for IQST’s Internet of Things (IoT) development team to combine efforts with ALYI’s EV engineering and design program to codevelop two-way device communication solutions specific to the EV operating environment.
ALYI’s first generation EV is an electric motorcycle, designed for, among other applications, utilization within the rideshare (exemplified by Uber and Lyft services) sector in Africa evolving the prevailing robust motorcycle taxi (Boda) market. ALYI’s electric motorcycle design program, orchestrated by MODUS, was recently detailed in an online narrative presentation.
IoT Labs MX and MODUS plan to work jointly to develop two-way device communication in the Revolt Electric Motorcycles with, among others, the following functions:
1.Geolocation
2.Battery Management
3.Theft and Accident Interfacing with Emergency Services
4.Remote Maintenance Management
5.Vehicle Body and Component Leasing Management
6.Driver and Passenger Personal Mobile Device Interface
7.Rideshare System Interface
IQST subsidiary IoT Labs MX specializes in Internet of Things (IoT) design and development to include wireless and vehicle telematics space that provide telematics solutions. IoT Lab MX, among other products, has developed the IoT Smart Gas Platform.
