ALYI - Alernet Systems Issues Interim Pilot Test Report Anticipating Sign Off On $1.5 Million In Orders By Friday This Week
February 07 2019 - 10:06AM
InvestorsHub NewsWire
Dallas, TX -- February 7, 2019 --
InvestorsHub NewsWire -- Alternet Systems, Inc. (USOTC:
ALYI) today released an interim report on the ongoing pilot
test of its Revolt Electric Motorcycles in conjunction with a $1
million fleet order for a Nairobi, Kenya shared ride client.
Client delegates are in the United States this week. ALYI
management anticipates the electric motorcycle to pass the client’s
pilot test and trigger the initiation of the 100-motorcycle
order. The pilot test is expected to bode well for two
additional client pilot tests triggering an additional $500,000 in
orders. Management expects to receive signoff on the pilot
test today and announce triggering the $1.5 million in orders on
Friday.
In response to
numerous inquiries regarding ALYI’s new hemp energy storage
intiative, ALYI management also today confirms its hemp energy
storage project having brought Clarkson University Professor David
Mitlin on board to lead the initiative. Professor Mitlin is a
leading expert in electrochemistry and a pioneer in the use of hemp
as a clean, green, renewable energy in the form of a
supercapacitor. Mitlin has successfully used hemp bast - the fiber
left over from processing hemp - to construct carbon nanosheets
that compete with, and in some respects, outperform the
supercapacitor performance derived from more typical graphene
nanosheets. Mitlin does hold a US patent for his proprietary
hemp energy storage
technology.
Research Report
Speculative Buy Rating And $0.09 Target
PPS
Goldman Small Cap Research recently issued an updated
research report on the Company. The report includes a
'speculative-buy' rating with a target price-per-share
of $0.09. The report provides an in-depth overview and
analysis of Alternet's new strategy, new orders, and upcoming
milestones. To view the report, along with disclosures and
disclaimers, visit https://www.alternetsystemsinc.com/research-rpt/ or http://www.GoldmanResearch.com.
Alternet Systems, Inc.: Alternet Systems, Inc. (ALYI) is focused on offering
varied, environmentally sustainable, energy storage solutions for
targeted markets, including consumer electric vehicles and military
applications. The first product category is lithium battery-powered
motorcycles, to be followed by motorbikes. These products are
released through its newly launched ReVolt Electric Motorbikes
subsidiary.
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.
For more information, please visit: http://www.alternetsystemsinc.com
Alternet Systems, Inc. Contact:
Randell Torno
info@lithiumip.com
+1-800-713-0297
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