ALYI Issues Electric Vehicle And Energy Storage Merger And Acquisition Update
April 30 2019 - 9:15AM
InvestorsHub NewsWire
ALYI
Issues Electric Vehicle And Energy Storage Merger And Acquisition
Update
Dallas, TX -- April 30, 2019 --
InvestorsHub NewsWire -- Alternet Systems, Inc. (USOTC:
ALYI) (“ALYI”) today released a merger and acquisition
update. The company has implemented an M&A strategy to
expand its electric vehicle (EV) production capacity and advance
its technology innovation. The update includes information on
a pending letter of intent to acquire a strategic technology and a
second acquisition in the pipeline intended to expand the company’s
EV production capacity.
Alternet Systems M&A
Update
The future magnitude of the electric
vehicle (EV) market is certain. EV transportation will be the
predominant mode of transportation in the future.
Market
Research Future (MRFR) forecasts that the EV market will reach
a USD
356.5 billion valuation by
2023, increasing
from a USD 106.5 Billion valuation calculated in
2016. The details of how the EV market grows
from where it is today to becoming the predominant mode of
transportation worldwide is less certain. ALYI is
implementing a plan designed to accommodate and capitalize on the
uncertainty.
The technology that powers future EV’s is
likely not yet invented or discovered. Lithium batteries are
the predominant energy storage solution today, but the scarcity of
lithium and the volatility of lithium batteries make it an unlikely
long-term solution. The lithium energy storage dominance is
likely to pass and a large infrastructure investment in a lithium
energy storage solution today could turn into a boat anchor
tomorrow. In fact, battery technology in general is likely to
be surpassed by the evolution of supercapacitors making battery
investment today a high-risk prospect. Going even one step
further, EV design so far has simply mirrored combustion engine
vehicle design only replacing the combustion engine with an
electric motor.
How does one build a mass EV production
capability today using the technology available today and maintain
the flexibility to deliver the EV product tomorrow using the
technology yet to be discovered? The short answer is probably
that a mass production capacity is premature and likely to not be
sustainable.
A great deal of investment has gone into
EV’s market wide and many such investments have failed to make it
to revenue production and are now otherwise dormant. At ALYI,
we see a tremendous opportunity to purchase such dormant
investments at a discount of the original investment. In this
manner, we can mitigate the risk of the technology becoming
outdated before we can generate revenue. We have a current
pipeline of dormant EV production assets that are in various stages
of acquisition vetting and
negotiation.
ALYI believes the core of any sustainable
EV strategy will be driven by technology innovation. We are
exploring technologies that will provide ALYI both short-term and
long-term differentiation in the evolution of the EV market.
We are certain that a merger and acquisition strategy will serve
ALYI well in its objective of leading with technology
innovation.
Near Term Acquisition
Targets
ALYI management at this time has a pending
letter of intent (LOI) agreement intended to lead to the
acquisition of a strategic technology that would provide the
company an expectational technological differentiation within the
prevailing electric storage sector. The pending LOI is the
result of a long-term initiative. The acquisition is
anticipated to advance promptly following the LOI as a result of
how long the acquisition has been under development. The
execution of the LOI is considered imminent and could even be
executed today. As a prudent cautionary note, management also
emphasizes that until the LOI is executed, there remains a
possibility the LOI and the acquisition will not come to
fruition.
ALYI has previously announced targeting a
shuttered electric car manufacturing facility for
acquisition. Since that announcement, the company has
actually added more than one shuttered electric car manufacturing
to its pipeline. Such acquisitions come with real property,
usually encumbered, which prolongs the acquisition process as
revised lender terms are negotiated. In the meantime, ALYI
has advanced an electric car company not encumbered with real
property as the proprietary electric car technology had not yet
advanced to commercial production. The target acquisition has
developed prototypes of proven commercial viability. ALYI
management is optimistic that mutually acceptable acquisition terms
can be reached.
To learn more, visit http://www.alternetsystemsinc.com.
Research Report
Speculative Buy Rating And $0.09 Target
PPS
Goldman Small Cap Research recently issued a research
report update on the Company. The report confirms 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-update
or http://www.GoldmanResearch.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.
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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