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Share this article Share this article NEW YORK, Feb. 2, 2021 /PRNewswire/ iQSTEL, Inc. (USOTC: IQST) today announced a letter of intent (LOI) agreement to develop a proprietary electric battery (www.iQBatteries.com). The agreement is entered into between iQSTEL s Technology Division subsidiary, IoT Labs (www.iotlabs.mx), and MODUS GROUP (http://www.modusai.co/about-us/), the industrial engineering and design firm engaged by Alternet Systems, Inc. (USOTC: ALYI) for the design and development of Alternet s Revolt Electric Motorcycle. IoT Labs has produced industry award winning technology solutions (www.iotsmartgas.com) recognized alongside Apple, Amazon and General Electric (https://iotbreakthrough.com/2021-winners/). The MODUS design team brings more than 200 patentable claims. 

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