Alternet Systems Seeks Business And Agency Partners To Commercialize Lithium Battery Patented Technologies
September 15 2017 - 9:37AM
InvestorsHub NewsWire
Dallas, TX – September 15,
2017 – Alternet Systems, Inc. (USOTC: ALYI)
acquired Lithium IP Holdings on July 21st of this
year. Lithium IP Holdings has an existing portfolio of
patented lithium based energy storage technologies. Alternet
and its wholly owned subsidiary, Lithium IP Holdings, plan to
develop partnerships with prominent businesses and agencies to
commercialize this portfolio of lithium technologies while
continuing to expand the portfolio to include a greater range of
energy storage technologies. The existing portfolio of
patented lithium battery enhancement technologies were developed to
provide stable, safe, long duration power in high impact operating
systems. Industrial tools, combat applications, automotive
and other powered mechanical apparatus are examples of potential
uses. With decades of military and intelligence community
experience, the new Alternet Systems management team
has a deep background with a variety of high impact applications
and is already in conversations with potential commercialization
and development partners.
After selling a previous financial systems operating subsidiary,
previous Alternet Systems management began working to identify a
new business direction. That effort culminated in the
management change and above noted acquisition this past July.
The Company anticipates completing the update of past financial
reports that fell delinquent while the Company’s primary focus was
the development of a new business direction by the end of this
month. The Company has recently published a preliminary website that includes
more information about the business development strategy and the
management team. Look for more updates to be forthcoming over
the coming weeks to include more details on the patented
technologies, potential commercialization partners, and new
technology acquisitions under development.
The Company’s new website:
www.otc-alyi.com or www.lithiumip.com
Disclaimer/Safe Harbor: This news release contains forward-looking
statements within the meaning of the Securities Litigation Reform
Act. The statements reflect the Company's current views with
respect to future events that involve risks and uncertainties.
Among others, these risks include the expectation that any of the
companies mentioned herein will achieve significant sales, the
failure to meet schedule or performance requirements of the
companies' contracts, the companies' liquidity position, the
companies' ability to obtain new contracts, the emergence of
competitors with greater financial resources and the impact of
competitive pricing. In the light of these uncertainties, the
forward-looking events referred to in this release might not
occur.
Alternet Systems, Inc. Contact:
Randell Torno
info@lithiumip.com
1 800 713 0297
https://www.otc-alyi.com/contact/
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