ALYI - Alternet Systems Hemp Energy Storage Technology Attracts Electric Vehicle M&A Attention
March 04 2019 - 1:07PM
InvestorsHub NewsWire
ALYI - Alternet Systems Hemp Energy
Storage Technology Attracts Electric Vehicle M&A
Attention
Dallas, Tx -- March 4, 2019 --
InvestorsHub NewsWire -- Alternet Systems, Inc. (USOTC:
ALYI) (“ALYI”) today announced the company is seeing
unsolicited interest from a variety of electric vehicle companies
in response to the combination of ALYI’s hemp energy initiative and
recent announcements regarding plans to acquire an electric car
manufacturing operation. Management indicates the unsolicited
interest comes from electric vehicle producers interested in
pursuing merger and acquisition (M&A) opportunities with ALYI.
Management considers the unsolicited interest as a validation of,
and improvement upon the companies recently initiated plan to
acquire an electric care manufacturing
capacity.
ALYI recently
brought Clarkson University Professor David Mitlin on board to
lead a hemp energy storage initiative. Mitlin has successfully used
hemp bast - the fiber left over from processing hemp - to construct
carbon nanosheets that compete with, and in some respects,
outperform the supercapacitor performance derived from more typical
graphene nanosheets. Mitlin holds a US patent for his
proprietary hemp energy storage
technology.
ALYI also recently issued an update on its
targeted acquisition of a shuttered start-up electric car
manufacturing facility. The targeted acquisition is one of
several potential acquisitions the company is developing to expand
from its current electric motorcycle business into producing
electric cars. The company has announced $2 million in orders for
its electric motorcycle. The global electric vehicle market
is expected to reach over $500 billion by
2025.
With a recent Bloomberg report forecasting electric and internal
combustion engine price parity by 2024, ALYI is positioning to
expand into electric cars.
ALYI is focused
on offering varied, environmentally sustainable, energy storage
solutions for targeted markets, including consumer electric
vehicles and military applications. The first product category is
lithium battery-powered motorcycles, to be followed by motorbikes.
ALYI also recently brought Clarkson University Professor David
Mitlin on board to lead a hemp energy storage initiative.
Mitlin has successfully used hemp bast - the fiber left over from
processing hemp - to construct carbon nanosheets that compete with,
and in some respects, outperform the supercapacitor performance
derived from more typical graphene nanosheets. Mitlin holds a
US patent for his proprietary hemp energy storage
technology.
Research Report
Speculative Buy Rating And $0.09 Target
PPS
Goldman Small Cap Research recently issued an
research report update on the Company. The report confirms a
'speculative-buy' rating with a target price-per-share
of $0.09. The report provides an in-depth overview and
analysis of Alternet's new strategy, new orders, and upcoming
milestones. To view the report, along with disclosures and
disclaimers, visit https://www.alternetsystemsinc.com/research-update
or http://www.GoldmanResearch.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.
For more information, please visit: http://www.alternetsystemsinc.com
Alternet Systems, Inc. Contact:
Randell Torno
info@lithiumip.com
+1-800-713-0297
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