ALYI - Alternet Systems To Integrate Lithium Energy Solution Into Industrial Military High Impact Systems
November 09 2017 - 1:22PM
InvestorsHub NewsWire
Dallas, TX
-- November 09, 2017 -- InvestorsHub NewsWire -- Alternet
Systems, Inc. (USOTC: ALYI) today released a shareholder update
from its CEO, Randell Torno in conjunction with company’s filing
status being updated to “Current Info” by OTC Markets.
Alternet 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 shareholder update elaborates 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. The update is included below in its entirety:
From Randell Torno, CEO Alternet Systems, Inc.
Ed Bollen, the President of Alternet’s Lithium IP Holdings
subsidiary, and I have been working on what is today, Alternet’s
lithium technology strategy, since the beginning of this
year. Ed and I both have a long background
working with companies that are key participants in both industrial
and military technology leaders. Together we bring both
public and private sector experience working in the military and
intelligence sectors. We are both retired from government
service, but still have recurring work surrounding foreign and
domestic government engagements. Through our various
engagements, we have repeatedly come across demand for resilient
energy solutions that meet industrial and military requirements for
stable, safe, long duration power in high impact operating
systems. We went to look for such a technology solution and
found the portfolio of ten lithium energy technology patents that
are now exclusively licensed to Alternet in an agreement that
includes an option to purchase.
Brief History Of Building Lithium Energy Solution For
Industrial Military Requirements
In the first quarter of 2017, Ed and I raised funds privately to
research and ultimately acquire an energy storage technology that
would satisfy industrial and military requirements for stable,
safe, long duration power in high impact operating systems.
In June of 2017, Lithium IP Holdings executed the license and
purchase agreement to secure ten lithium energy technology
patents. In July, Lithium IP Holdings was acquired by
Alternet Systems in a transaction that included a change of
control. Today, June 9th, 2017, we have finished
updating the delinquent financial reports we inherited when we took
control of Alternet Systems, bringing Lithium IP Holdings under
Alternet.
Alternet Public Platform Background (5 Yr Wtd Avg PPS
$0.03)
Alternet has less than 150 million shares issued and out. The
company capital structure has been stable over the last five years
with no reverse or forward splits. Total trading volume in
dollars over the past five years is approximately $7 million at a
weighted average price per share of $0.03 and a high of $0.20 early
in 2014 (shortly after Alternet sold its previous primarily
operating business in the financial technology services
industry). Since the sale, Alternet worked to gain traction
in new financial technology sector businesses until the complete
change of direction with the lithium business that Ed and I have
brought to Alternet. We believe the limited trading volume
and long-term capital structure stability is an excellent platform
for new lithium energy solution business.
Strategy: Partnerships With Prominent Companies To Develop
Integrated Solutions
In parallel with the efforts to identify and acquire an energy
solution to meet industrial and military requirements, we have
coordinated with prominent third parties in the process to garner
their feedback and validate the portfolio we finally acquired. With
these same third parties, we are already exploring business
arrangements whereby both parties will combine efforts to develop
systems with Alternet’s technology or a derivative of Alternet’s
technology integrated into the system. While the requirements
have been defined by industrial military standards, a number of the
potential integrated solutions are targeted for strictly commercial
applications. Integrated solution partnerships being
conceived at this time include major brand name players within both
industrial and military sectors.
What To Expect Next:
We are nearing a point where a number of the potential partnerships
to develop systems integrated with an Alternet lithium energy
solution are ready to be disclosed as material business
arrangements. Developing these partnerships and the
integration projects around which the partnerships are built is our
highest priority. A corporate name change to reflect the
current business is in the works, but a secondary priority.
Thank you for your interest in Alternet’s new lithium energy
technology business direction. We encourage you to check back
frequently for the latest developments.
Randell Torno
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/
Alternet Systems (CE) (USOTC:ALYI)
Historical Stock Chart
From Mar 2024 to Apr 2024
Alternet Systems (CE) (USOTC:ALYI)
Historical Stock Chart
From Apr 2023 to Apr 2024