ALYI - Alternet Systems Sets Sights On Chinese Electric Vehicle Market That Currently Accounts For Half Of Global Sales
December 05 2017 - 9:38AM
InvestorsHub NewsWire
Dallas, TX -- December 5,
2017 -- InvestorsHub NewsWire -- Alternet Systems, Inc. (USOTC:
ALYI) today revealed that the company is in partnership
discussions intended to open up China’s leading Electric Vehicle
market for Alternet’s patented lithium energy solution.
According to a recent story published by CNBC, “China has emerged
as the leading market player for electric and hybrid cars,
accounting for approximately half of global sales.” The CNBC
report also reports, “China is not just focusing on electric
vehicle manufacturing, but also buying up lithium projects and
supporting the growth of battery producers, so they can control
even more of the electric vehicle supply chain.”
Alternet Patented Lithium Energy Solution
On July 21, 2017, Alternet Systems 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.
(NYSE: APD) to exclusively license ten U.S. Patented lithium battery technologies with an
option to acquire the ten U.S. Patents.
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. Alternet’s lithium
technology applicability in military solutions presents promising
partnership development opportunities. 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: 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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