ALYI - Alternet Systems Steps Up To Establish Foothold In $77 Billion Lithium Ion Battery Market
November 08 2017 - 10:05AM
InvestorsHub NewsWire
Dallas, TX -- November 8, 2017 -- InvestorsHub
NewsWire -- Alternet Systems, Inc. (USOTC:
ALYI) updated all past financial reports this week taking a
major step forward in advancing the company’s new lithium
technology business strategy. All the financial reports are
available on the OTC Markets website. Management anticipates
the OTC Market’s status to reflect “current” imminently, once OTC
Market’s completes its review of the company’s filings. The
filings published on OTC Market’s includes detailed information on
each of the lithium technologies in the company’s patent
portfolio. In an online shareholder update presentation
scheduled for Thursday, November 9, 2017, Randell Torno, CEO of
Alternet Systems, will elaborate more on the lithium technology
portfolio and the company’s strategy and progress so far to
establish a foothold in the $77 billion lithium ion battery
market. Mr. Torno commented, “I anticipate those taking
time to view the online presentation will be surprised to find the
company’s plan very in tune with the prevailing market and further
along than most might expect for a company that changed its
strategic direction so recently.”
OTC Markets Disclosure
Excerpt
On July 21, 2017, the Company acquired Lithium
IP Holdings in a transaction that included a management and
business direction change. Randell Torno was named the new
Alternet Systems Chairman and CEO. Edward Bollen, the
President of Lithium IP Holdings, also joined the Altnernet Systems
management team. On June 23, 2017, Lithium IP Holdings
executed an agreement to exclusively license ten U.S. Patented
lithium battery technologies* with an option to acquire the ten
U.S. Patents. The current business plan is to develop
partnerships with prominent businesses and agencies to
commercialize its portfolio of lithium technologies while at the
same time continuing to expand the existing
portfolio.
Table 1 – Patent Portfolio
List
Letter
I.D.
Date Issued
Patent No.
A
12/25/07
7,311,993
B
03/25/08
7,348,103
C
09/2/08
7,419,623
D
12/16/08
7,465,517
E
09/22/09
7,591,964
F
12/03/09
Application
G
05/18/10
7,718,154
H
08/31/10
*7,785,740
I
07/19/11
7,981,388
J
06/24/14
8,758,945
*United States Government also has rights to
patent
Overcharge Protection
Patents
The two patents (Patents H and J) here are of
the chemical design within the cell category and specifically
embody both liquid and gel electrolyte configurations. Patent
H discloses a “shuttling” mechanism via the Boron salt to
essentially return overcharge electrons in a closed loop cycle and
limiting the voltage rise. Patent J discloses a chemical
reaction of a polymeric material that becomes gelled or solid at a
voltage just over the cell maximum voltage in a way that prohibits
the flow of electrons thereby shutting the cell
down.
Electrolyte Material
Patents
The first two patents (A, B) claim invention of
specific Boron salts to be used in the liquid electrolyte solution
of a lithium ion cell. Patent D extends this general concept
from just a liquid electrolyte solution to also include “gel”
electrolyte configurations.
Electrolyte Process
Patents
Specifically patent G provides for a process to
synthesize the precursor for the Boron salts that are included in
this patent portfolio. Patent I provides for four process
methods to produce a purer Boron electrolyte salt and electrolyte
salt solution. Specifically four purification processes are
offered, three describe processes wherein the liquid electrolyte
solution may be variously purified by passing it through
sieves/columns or ion exchange columns. The fourth
purification method is to vacuum dry the solid salt at 180 C to
remove impurities.
Fuel Cell Patents
The fuel cell patents C and E in theory present
a significant extension of the Boron electrolyte salt concepts to
completely new market segments and multiple technologies over a
range of fuel cell configurations. Both patents list
preparation methods of the Boron materials and are accompanied by a
series of analytical benchtop laboratory tests indicating that they
have the physical characteristics which may allow them to be
utilized in a variety of fuel cell
applications.
Learn more on 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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