ALYI Announces Pending Disclosure Of Lithium Patent Portfolio Details In Follow Up To LEXG Electric Car Strategy
October 26 2017 - 12:21PM
InvestorsHub NewsWire
Dallas, TX -- October
26, 2017 -- InvestorsHub NewsWire -- Alternet Systems, Inc.
(USOTC: ALYI) today announced plans to imminently
disclose specific details regarding its recently acquired portfolio
of US patented lithium based energy storage technologies. The
announcement is in response to inquiries received in response to
recent announcements regarding the company’s negotiations with
Lithium Exploration Group, Inc. (USOTC: LEXG)
to jointly pursue the growing demand for lithium batteries driven
in large part by the $83 billion electric vehicle
market with 40% CAGR. In conjunction with
the negotiations, LEXG published an independent report it had commissioned
to analyze and review ALYI’s patent portfolio.
“The report has generated some enthusiastic questions regarding our
technology that are best answered in the form of a public
disclosure,” said Randell Torno, CEO of Alternet Systems. “Prior to
the July 21st change of control and acquisition of the
lithium technology portfolio, the company fell behind in its
periodic public reporting, but we’ll have all the past reports
updated, if I have my way, by the end of this week. You might
notice two reports were updated yesterday. The final public
disclosure update will include details on each patent to include
the patent number and a summary of the technology.”
The Company’s 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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