ALYI - Alternet Systems Announces 2018 Dividend Distribution Plans
January 02 2018 - 11:46AM
InvestorsHub NewsWire
DALLAS, TX -- January 2, 2018 --
InvestorsHub NewsWire
-- Alternet Systems, Inc. (USOTC: ALYI)
today announced an online presentation scheduled this Thursday,
January 4th to detail plans for two planned spinoffs in
2018. The company announced plans last week to
apply its lithium technology to two specific business operations
and spin those operations into standalone listed companies in
transactions where Alternet shareholders would receive shares in
the two spinoffs. The presentation on Thursday will disclose
the two specific operations and anticipated next
steps.
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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