ALYI - Alternet Systems Positions Lithium Energy Solution For $700 Billion DOD Sector
November 30 2017 - 9:55AM
InvestorsHub NewsWire
Dallas, TX -- November 30,
2017 -- InvestorsHub NewsWire -- Alternet Systems, Inc. (ALYI) today announced plans to target US
Department of Defense requirements for lithium energy solutions to
support combat systems. The US Defense Budget for 2018 is $700 Billion.
Alternet will concentrate defense industry sales efforts on
developing partnerships with the approved government contractors
that already account for more than $250 Billion in annual US defense
spending .
Alternet Patented Lithium
Energy Solution
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 with Air Products and Chemicals, Inc. (APD) to exclusively license ten U.S. Patented lithium battery
technologies with an option to acquire the ten U.S.
Patents.
Alternet Defense Industry
Experience
Randell
Torno and Ed Bollen both have a long background working with companies
that are key participants in both industrial and military
technology industries. Together they bring both public and
private sector experience working in the military and intelligence
sectors. Both retired from government service, but are still
engaged in recurring work with foreign and domestic government
agencies. In their experience, they 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. Accordingly, they 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.
Alternet Lithium Energy
Integration and Development Strategy
Alternet's business
strategy today 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. 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 Electric Vehicle (EV) and Hybrid Electric Vehicle (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: http://www.otc-alyi.com or http://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
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