ALYI Hemp Battery Initiative Garners Attention As Hemp Market Seeks New Opportunities
February 20 2020 - 9:20AM
InvestorsHub NewsWire
ALYI Hemp Battery Initiative
Garners Attention As Hemp Market Seeks New Opportunities
Dallas, TX --
February 20, 2020 -- InvestorsHub NewsWire -- Alternet Systems,
Inc. (USOTC:
ALYI) today announced its long-term hemp battery initiative has
of late garnered increased attention. Management reports that
multiple hemp growing related outfits have recently contacted ALYI
exploring opportunities to get behind ALYI’s hemp battery
initiative. ALYI management views the recent increase in
interest as a reaction to the hemp growing market being met with
less than anticipated enthusiasm from the smokable and infused
market channels. ALYI sees the primary hemp opportunity in
the industrial sector – clothing, paper, building materials and
energy, for example – as an exponentially lager market than then
the market for the hemp extractions market. The less than
robust market reaction to the first year of legal hemp growing in
the U.S., ALYI management believes, will help guide the market
toward the much larger industrial opportunity for hemp that ALYI is
already pursuing. ALYI is working to develop both hemp
battery solutions and hemp automobile body
components.
ALYI’s focus is
on the development of electric mobility solutions. The
company has $300 million in electric mobility related projects
under development in Africa and is working to fund the acceleration
of the $300 million initiative. ALYI CEO, Dr. Randell Torno,
contends that the immediate opportunity for electric powered
transportation growth in Africa by far exceeds the electric powered
transportation opportunity anywhere else in the world and that the
electric mobility technology innovations that will be developed for
Africa will ultimately form the foundation of commercial electric
powered transportation everywhere. In short, Africa is the global
proving ground for electric powered
transportation.
For more
information, please visit: http://www.alternetsystemsinc.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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