ALYI Updated To CURRENT INFO On OTC Markets With Detail On 10 LITHIUM PATENTS - Further Strategic Update Coming Later Today
November 09 2017 - 8:58AM
InvestorsHub NewsWire
Dallas, TX – November 9,
2017 - Alternet Systems, Inc. (USOTC: ALYI) today announced the
company’s filing status has been updated to “Current Info” by OTC
Markets. ALYI has published all past financial reports making
the reports available for viewing on the OTC Markets website. The
filings published on OTC Market’s includes detailed information on
each of the 10 lithium technology patents in the company’s patent
portfolio. The company plans to release an online shareholder
update presentation later today where 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.
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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