Alternet Systems Rebrands as MBAK, Targets 2000+ E-Taxi Deliveries
MBAK Energy Solutions, Inc. (OTC:MBAK) Nominates Dr. Konda Shiva to the Board of Directors
Seoul, Shenzhen, Wilmington NC (USA), January 14, 2026
MBAK Energy Solutions, Inc. (OTC:MBAK) has nominated Dr. Konda Shiva to the MBAK board of directors.
Holder of 8 patents and author of a dozen peer-reviewed publications, Dr. Shiva’s extensive background in electrical energy storage and distribution innovation dates back to his post-doctoral work at the University of Texas with Nobel Laureate Prof. John Goodenough and his work in battery development with Nissan’s Battery Research and Development Center in Chennai, India.
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MBAK Energy Solutions, Inc. (OTC:MBAK) partners with Carbon Zero Mobility in Kenya and the University of Michigan on Charger Design
Seoul, Shenzhen, Wilmington NC (USA), December XX, 2025
MBAK Energy Solutions, Inc. (OTC:MBAK) is partnering with the University of Michigan Perot-Jain TechLab through its Kenyan distribution partner, Carbon-Zero Mobility, Ltd. (CZM) to improve the “open-source” charging mechanisms that are basic kit for the MBAK manufactured Dominion line of e-motorcycles that CZM is bringing to market in Kenya. The charger design and ruggedization project will analyze the current charging block, make improvements to the kit to maximize ease-of-use, charger ruggedization, broad compatibility, and energy usage recording. The team will then “prototype” the improvements, optimize the improved kit for manufacture, and return the updated specifications to MBAK for incorporation into the manufacturing process. Both Patrick Kimathi, CEO of CZM, and Chairman Boos are optimistic that this project will pay dividends for both organizations by leveraging the academic and design expertise of the Perot-Jain TechLab to stay at the forefront of innovation in e-
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MBAK Energy Solutions, Inc. announces 2026 guidance showing explosive growth under new OTC Ticker - OTC:MBAK
Seoul, Shenzhen, Wilmington NC (USA), December 3, 2025
MBAK Energy Solutions, Inc. (OTC:MBAK) (f/k/a Alternet Systems, Inc.) has signed firm production orders for 2026 amounting to a total of 65.000.000 USD. The record breaking sales turnover include the original contract for 100 Mwh to an Indian power grid which has been expanded to 350 Mwh as well as manufacturing of battery cells for the growing data center market. BESS units are a vital link in the sustainable scaling of renewable energy production as they provide storage and line balancing to the grid for consistent power delivery. The MBAK contract is in direct support of Indian efforts to increase national energy production capacity through the exploitation of renewably sourced electricity generation and storage. Additionally, steady enquiries have been coming from other South East Asian nations as well as the USA.
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MBAK Energy Solutions, Inc begins manufacture of BESS (Battery Energy Storage System) Power Cells for Indian power grid.
Seoul, Shenzhen, Wilmington NC (USA), October 27, 2025
MBAK Energy Solutions, Inc. (OTC:ALYI) has begun manufacturing battery cells as part of a BESS (Battery Energy Storage System) contract fulfillment delivery to an Indian power grid customer signed on 23 September 2025. MBAK will initially deliver 20 units with a storage capacity of 100 Mwh by April 30, 2026. BESS units are a vital link in the sustainable scaling of renewable energy production as they provide storage and line balancing to the grid for consistent power delivery. The MBAK contract is in direct support of Indian efforts to increase national energy production capacity through the exploitation of renewably sourced electricity generation and storage.
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MBAK Energy Solutions Ships Its First NMC Cells to Major Indian Client for Total Value Exceeding USD 1.5 Million
Seoul/Shenzhen/Wilmington, NC October 27, 2025
MBAK (current ticker symbol ALYI) is pleased to announce itsfirst shipment of a monthly order of NMC (Nickel Manganese Cobalt) cells to India. NMC batteries have high energy density, long life cycles and are highly sought in the EV sector. The contract is for 1 year and is expected to generate monthly revenues of over USD 120,000. “MBAK is focused on a razor-sharp organic path of generating revenues to maintain zero debt,” announced Chairman Michelle Boos. “The MBAK team does an outstanding job extending competitive tenders and winning bids, and then follows through with prompt deliveries. The result is a robust company that increases shareholder value.”MBAK anticipates making further announcements regarding contracts at close of 3rd Quarter, 2025.
MBAK Energy Solutions, Inc. is engaged in the development, manufacturing and commercialization of non-fossil fuel energy products. MBAK has particular expertise in the design and production of lithium, sodium and solid-state batteries for industrial, medical and portable electronics and EV applications.
MBAK Energy Solutions contines its shipments of E-Taxi bikes to Nairobi, Kenya and teams up with Amazon Webservice PlatformSeoul, Shenzhen, Wilmington, September 26, 2025, /PRNewswire/ --
In order to meet the increasing demand of E taxi bikes on the African continent, MBAK’s local partner has teamed up with Silicon Overdrive to build EV data on AWS Platform (Amazon Webservice). See More
MBAK Energy Solutions set to conquer the African continent with its first E-Taxi bikes in Nairobi, KenyaSEOUL, South Korea and SHENZHEN, China and WILMINGTON, N.C., July 30, 2025 /PRNewswire/ -- The long awaited electric taxi bikes have finally reached MBAK's ( US OTC : ALYI ) local partner CZM (Carbon Zero mobility) for assembly. This marks a key milestone for MBAK's expansion into the African market. Potential customers have already been contacting MBAK's sales office for purchase of 700 bikes for West Africa. Other African nations are following suit so that the company is now raising its forecast from 2000 to 10000 into 2026. This ambitious target underscores MBAK's commitment to providing sustainable transportation solutions across the region and highlights the significant potential of the African market for electric vehicles. The successful launch in Nairobi represents a crucial step in fulfilling this ambitious goal and bringing MBAK's innovative electric transportation solutions to a wider audience.
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MBAK Energy Solutions Debuts at the Battery Show Asia - Long awaited shipment of electric tax bikes arrived in Mombasa, KenyaSEOUL, South Korea and SHENZHEN, China and WILMINGTON, N.C., June 22, 2025 /PRNewswire/ -- MIA GLOBAL is executing a key component of its long-term strategic growth plan. This involves a significant rebranding initiative centered around its recently acquired controlling interest in Alternet Systems Inc., a company founded in 2000 and previously traded on the US OTC market under the ticker symbol ALYI. The rebranding effort will see Alternet Systems Inc. relaunched as MBAK Energy Solutions Inc., reflecting a strategic shift in focus and a new direction for the company's operations. The exact details of this strategic shift, including the specific areas of energy solutions MBAK will target, remain to be announced. MIA GLOBAL's acquisition and subsequent rebranding suggest a considerable investment and a belief in the future potential of the rebranded entity. The announcement of the new ticker symbol for MBAK Energy Solutions Inc. will signal the completion of the rebranding process and the commencement of trading under the new identity. This rebranding is a substantial step for both MIA GLOBAL and the formerly known Alternet Systems Inc., marking a significant milestone in their respective corporate histories.
MBAK, under its newly adopted name, is expanding its current operations to encompass a comprehensive approach to the battery industry. This includes not only the design and development of batteries themselves, but also the entire manufacturing process and the crucial supply chain necessary for efficient production and distribution. Furthermore, MBAK's focus extends to the broader field of energy storage technology and its diverse applications. This strategic diversification positions MBAK for significant growth within the rapidly evolving energy sector."MBAK Energy Solutions Inc.'s formation is a strategic repositioning for substantial growth, driven by a robust order pipeline and proven success in meeting global demand for sustainable energy solutions," said Chairman Michelle Boos.
In a significant development and in the spirit of "promises made, promises kept", Chairman Michelle Boos has announced the arrival of a highly anticipated shipment of electric taxi bikes in the port of Mombasa, Kenya. This marks a key milestone for MBAK's expansion into the African market and hence taken over the relay set by the former Alternet Systems Inc. The company is now aiming for a substantial market penetration, projecting deliveries of over 2000 electric taxi bikes to East and West African markets by the end of 2025 and continuing into 2026. This ambitious target underscores MBAK's commitment to providing sustainable transportation solutions across the region and highlights the significant potential of the African market for electric vehicles. The successful port arrival represents a crucial step in fulfilling this ambitious goal and bringing MBAK's innovative electric transportation solutions to a wider audience.
MBAK will showcase its innovative products at The Battery Show Asia in Hong Kong. The event will take place from July 15th to July 17th, and MBAK's booth will be located in Hall 5, number 5D20. Attendees interested in learning more about MBAK's offerings are encouraged to visit their booth during the show's opening hours. The Battery Show Asia is a significant industry event, providing a platform for companies to display their latest advancements in battery technology and related products. MBAK's presence at this event highlights their commitment to the Asian market and their dedication to showcasing their technological capabilities to potential clients and partners. Visitors to booth 5D20 can expect to see firsthand demonstrations and detailed information on MBAK's products.
MBAK engages in the development, manufacturing and commercialization of non fossil fuel products. MBAK specialized in lithium, sodium and solid state batteries and battery manufacturing and supply chain equipment. Interested parties are welcome to visit MBAK website at www.mbakcorp.com
MIA GLOBAL USA INC is a green energy company conceptualizing, designing, manufacturing and commercializing e-mobility products for automotive, maritime and aeronautical uses. MIA Global's current operating business focuses on the commercialization of in-house manufactured e-bikes, golf carts and specialized batteries for niche applications. MIA Global affiliated companies has sold over 5600 electric vehicles since 2010. In 2022 it expanded into the USA with a corporate office in New York. After a successful 2023 CES Show (Las Vegas), MIA Global has partnered with importers, distributors, and dealers throughout the United States with sales currently focused on electric golf carts, e-bikes, scooters, three wheelers, e-utility vehicles, and electric boats.
For more info contact: media@mbakcorp.com
