ALYI - Alternet Systems Releases Shareholder Update On Patented Lithium Technologies And Corporate Reporting
October 03 2017 - 8:48AM
InvestorsHub NewsWire
Dallas, TX – October 3,
2017 – Alternet Systems, Inc. (USOTC:
ALYI) is in the process of updating its public
disclosures and anticipates having all required disclosures updated
imminently. ALYI shifted its business direction committing to
the lithium technology sector when it acquired Lithium IP Holdings
on July 21st of this year. 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.
About Alternet Systems:
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.
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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