ALYI - Alternet Systems Highlights Lithium Patent Portfolio Gaining Entry To $77 Billion Market
October 17 2017 - 10:11AM
InvestorsHub NewsWire
Dallas, TX -- October
17, 2017 -- InvestorsHub NewsWire -- Alternet Systems, Inc.
(USOTC:
ALYI) today released further details on its recent
entry into the lithium based energy storage market and how its
developing a foothold in the sector with its portfolio of U.S.
patented lithium technologies. Transparency Market Research
(TMR) reports the lithium battery market is expected to reach over
$77 Billion by 2024 at a CAGR of 11.6%. Alternet Systems
obtained its lithium technology portfolio when it acquired Lithium
IP Holdings on July 21st of this year. Prior to
the acquisition by Alternet Systems, Lithium IP Holdings obtained
its portfolio of patented lithium based energy storage technologies
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.
Lithium Battery Business Strategy
Alternet plans to develop partnerships with prominent businesses
and agencies to commercialize its portfolio of patented lithium
technologies. Alternet is in discussions with potential
partners in the US and abroad. Potential partners include
Fortune 500 companies.
Lithium Patented Technology Features
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 Alternet Systems management team has a deep background
with a variety of high impact applications.
Corporate Updates
After selling a previous financial systems operating subsidiary,
previous Alternet Systems management began working to identify a
new business direction. That effort culminated in a
management change and above noted acquisition this past July.
The Company anticipates imminently completing the update of past
financial reports that fell delinquent while the Company’s primary
focus was the development of a new business.
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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