ALYI - Alternet Systems Confirms Lithium Patent Portfolio Exclusive License and Purchase Option Details
November 16 2017 - 9:16AM
InvestorsHub NewsWire
Dallas, TX -- November 16, 2017 -- InvestorsHub
NewsWire -- Alternet Systems, Inc. (USOTC:
ALYI) today announced filing its quarterly financial report for
the period end September 30, 2017. Management has scheduled a
shareholder online presentation for next week, Tuesday, November
21, 2017 to review the quarterly report in more detail. In
the course of the most recently reported quarter, Alternet acquired
Lithium IP Holdings and changed the nature of the company’s
business from financial operations to lithium energy solutions
integration and development based largely on the company’s new
portfolio of ten lithium technology
patents. In response to questions received from recent
news about Alternet’s lithium technology, management confirms the
technology was acquired from Air Products and Chemicals, Inc. (NYSE:
APD) in an exclusive license agreement with an option to
purchase. In the shareholder presentation next week,
management will elaborate further on the nature of the agreement
and how the agreement fits into the company’s overall business
strategy. Management will also address the current financial
statement and how it reflects the previous financial services
business, not the current lithium business, and what changes
shareholders can anticipate in future financial statements as old
liabilities associated with the previous business are cleaned up
and new operating assets are more clearly
reflected.
Alternet’s New Lithium Technology Integration
And Development Strategy
Alternet’s business strategy is
to partner with prominent third parties producing products and
services that require stable, safe, long duration power in high
impact operating systems. Within such partnerships, Alternet
and each partner will together develop an integrated solution that
includes a power component based on Alternet’s lithium
technology. Alternet management has an extensive background
in military industrial solutions. The original technology
developer did not concentrate on military applications. The
combination of Alternet’s military background and high potential of
the technology for applicability in military solutions presents a
promising partnership development opportunity. At the same
time, Alternet is also developing partnerships separate from the
military industrial sector to include the EV and HEV
partners. Several potential partners participated in
Alternet’s vetting process when identifying and selecting a
technology to acquire as the foundation of the company’s strategy
to bring a stable, safe, long duration power solution to market for
high impact operating systems. Partnership announcements are
anticipated to be forthcoming soon.
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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