DALLAS, December 14, 2017 /PRNewswire/ --
Alternet Systems, Inc. (USOTC: ALYI) today released an online
presentation to highlight additional details regarding the
company's recently announced partnership discussions intended to
open up China's leading Electric
Vehicle (EV) market for Alternet's patented lithium energy
solution.
"China has been the largest
automobile market in the world since 2009," said Randell Torno, CEO of Alternet Systems.
"Pursuing such a target rich environment with an electric vehicle
solution makes sense. Even Elon Musk
has recently committed to opening a Tesla research lab in
Beijing. Automobiles aside,
China is also the largest
motorcycle, scooter, moped and bicycle market in the world. We
believe our lithium battery patented technology can bring a great
deal of value add to the automobile industry and we are definitely
pursuing that market. We believe the $140
billion two-wheel transportation segment is a good deal less
crowded with competition than the $2
trillion automobile market. And, the automobile market
already has its Tesla. We are developing partnerships to
rapidly tackle the two-wheel transportation market in China and around the world. We plan to
introduce the Tesla of two-wheel transportation. Take some
time to review our presentation to learn more about the overall
global electric vehicle market, and in particular about the
two-wheel transportation market, and the wheels we've put in motion
to position Alternet as a leader in that market."
Alternet's EV strategy presentation is available on the
company's website with the narrative of the presentation included
in its entirety below:
Alternet's 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
military background (see Alternet Management below) and that
combined with high potential of the technology for applicability in
military solutions presents a promising partnership development
opportunity.
( Learn More About Alternet's Strategy Lithium
For The $700 Billion
DOD Sector )
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.
Alternet's Patented $3
Million Lithium Energy Solution
On July 21, 2017, Alternet
acquired Lithium IP Holdings in a transaction that included a
management and business direction change. Previously, 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.
The value of the portfolio of patents has been estimated at
approximately $3 million.
Alternet Management Team
Randell Torno was named the new Alternet Systems Chairman
and CEO when Alternet acquired Lithium IP Holdings. Edward
Bollen was the President of Lithium IP Holdings, and he joined the
Altnernet management team in conjunction with the acquisition of
Lithium IP Holdings. 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.
Last year, 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. In the first quarter of 2017, Mr.
Torno and Mr. Bollen raised funds privately to research and
ultimately acquire an energy storage technology that would satisfy
industrial and military requirements for stable, safe, long
duration power in high impact operating systems. The merger of the
Air Products and Chemicals Lithium Patent Portfolio into Alternet
is now public information.
The Automobile Market In China And Around The World
China has been the largest
automobile market in the world since 2009 selling more automobiles
than any other country that all together sell approximately 80
million cars each year worldwide for a cumulative $2 trillion . 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."
Asia Pacific And
Overall Global Two-Wheel Transportation Market
Segment
The Asia Pacific region is also
the largest motorcycle, scooter and moped market in the
world. The global market for motorcycles, scooters and mopeds
in 2017 is expected to exceed 130 million units resulting in
$120 billion in annual sales. As per
capita income in developing economic regions continues to improve,
motorcycle, scooter and moped sales are correspondingly expected to
grow. Separately, the global electric bicycle market is
growing and expected to reach $24
billion by 2025 ($144 billion
in overall two-wheel vehicle annual sales).
The Tesla Of Two-Wheel Electric Vehicle
Transportation
Within a strategic partnership, similar to Tesla's rollout,
Alternet expects to introduce a high-end electric motorcycle to
capture the market's attention, and then introduce a Model T like
affordable electric, two-wheel vehicle to serve the developing
economic market demand for primary transportation. The two-wheel
transportation market is far less crowded with competitors than the
automobile market and global per unit demand exceeds that of
automobiles. Alternet has the lithium battery technology that
can put an electric two-wheel competitor on top of the market and
the Alternet management team brings the necessary experience to
execute a growth strategy in developing economic regions. Alternet
plans to pursue the overall EV market with a particular focus on
two-wheel transportation.
Summary
[(Patented Li Battery Technology + Key Strategic EV Partners) *
China]
2-Wheels =
New Tesla
Keep checking back as we develop and disclose the remaining
variables in the equation.
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/
SOURCE Alternet Systems, Inc.