ALYI Lithium Patent Portfolio Acquired From Fortune 500 Company
October 03 2017 - 12:53PM
InvestorsHub NewsWire
New York, NY -- October
03, 2017 -- InvestorsHub NewsWire -- Alternet Systems, Inc. (USOTC:
ALYI) published an update today that included a disclosure that its
patented lithium technology portfolio was acquired from a fortune
500 company:
“Lithium IP Holdings has an existing portfolio of patented lithium
based energy storage technologies obtained in an exclusive and
confidential agreement with a prominent Fortune 500 company.
A joint announcement detailing the agreement and disclosing
specifics of the patents is in the works.”
ALYI recently acquired a company called Lithium IP Holdings that
owns a portfolio of patented lithium technologies. The
Company reiterated in today’s news that it is working to update its
financial reporting following the July acquisition of Lithium IP
Holdings. The publishing of the updated public reports are
“imminent” and will certainly include a material disclosure
regarding the lithium patent portfolio
ALYI Could Be Quietly Sitting On $7 Million In Patented
Lithium Technology
In the first quarter of this year, Lithium Exploration Group
(USOTC: LEXG) announced a pending $1.2 million contract with a
company called Lithium IP Holdings. Could it be the same
Lithium IP Holdings acquired by ALYI? LEXG subsequently
announced engaging a third-party analyst to evaluate Lithium IP
Holdings’ pending acquisition of a portfolio of patented lithium
technologies. That certainly sounds like the Lithium IP
Holdings that ALYI is talking about. The third-party
evaluation estimated that the technology Lithium IP Holdings was
looking to acquire had some $5 million to $7 million in research
behind it and that the technology could hold a solution to lithium
battery overcharging issues as seen in Samsung’s Galaxy 7.
See LEXG News On Lithium IP Holdings
Patent Portfolio
ALYI’s news to day is a confirmation of our previous recommendation
to keep an eye on this one. It looks like ALYI’s Lithium IP
Holdings just might be the same Lithium IP Holdings LEXG had
evaluated? An ALYI joint press release with a fortune 500 company
could rocket this stock.. ALYI could very well be one to accumulate
now pending some big announcements coming once it get’s
current. ALYI may be the next prominent lithium play among
others already in the market such as Lithium Americas Corp (LACDF),
Lithium X Energy Corp (LIXXF), Far Res Ltd (FRRSF)
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.
Source: www.nextbigticker.com