Alternet Systems Rebrands as MBAK, Targets 2000+ E-Taxi Deliveries

MBAK Energy Solutions Debuts at the Battery Show Asia - Long awaited shipment of electric tax bikes arrived in Mombasa, Kenya

SEOUL, South Korea and SHENZHEN, China and WILMINGTON, N.C., June 24, 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.

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SOURCE MIA GLOBAL USA INC.