ALYI Announces EV Strategy Milestone Toward Entry Into $2 Trillion Market Sector With Its Patented Lithium Battery Technology
January 23 2018 - 9:01AM
InvestorsHub NewsWire
Dallas, TX -- January
23, 2018 -- InvestorsHub NewsWire -- Alternet Systems, Inc.
(USOTC:
ALYI) today announced the company has secured a strategic
investor commitment to seed the recently announced partnership
being negotiated to launch an Electric Vehicle (EV) subsidiary of
Alternet that utilizes Alternet’s Patented Lithium Battery
Technology. The new subsidiary is expected to be launched by
the end of the first quarter of 2018.
Patented Lithium Battery Technology
Last year, Alternet acquired Lithium IP Holdings which holds an
exclusive license to ten U.S. Lithium Battery Technology Patents
secured through a contract with Air Products and Chemicals, Inc. (NYSE:
APD) and including an option to purchase the Patents.
Strategy To Deliver Shareholder Value From Patented Lithium
Battery Technology
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’s Entry Into $2 Trillion EV Market
Alternet has recently announced its EV strategy to build an EV
subsidiary that includes China as a target market in addition to
the production of two wheel EVs. 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. 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.
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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