ALYI - Alternet Systems Announces Military Application Strategy To Penetrate $700 Billion DOD Sector Presentation
May 21 2018 - 1:32PM
InvestorsHub NewsWire
Dallas, TX -- May 21, 2018
-- InvestorsHub NewsWire -- Alternet Systems, Inc. (USOTC:
ALYI) today announced an online presentation scheduled to be
released on the company’s website this Wednesday, May
23rd, to provide an overview of the company’s current
strategy to integrate its patented
lithium battery technology into energy solutions to support
combat systems. Management anticipates the defense sector opportunity
to evolve from an existing defense sector consulting agreement in
which the company is currently engaged.
The overall
US Defense Budget is $700 Billion. Alternet concentrates defense industry
sales efforts on developing partnerships with the approved
government contractors that account for more
than $250 Billion in annual US
defense spending.
Alternet Business Strategy
Alternet’s strategy to commercialize
and expand its portfolio of patented lithium battery technology is
to forge partnerships where the patented lithium battery technology
is integrated into commercial products. As an example of
Alternet’s strategy to further develop its lithium battery
technology, Alternet recently launched an Electric Vehicle (EV)
business called ReVolt Electric Motorbikes utilizing the company’s
portfolio of patented lithium battery technologies. Alternet management
indicates an opportunity similar to the ReVolt subsidiary is in the
works within the defense sector. Management anticipates the
defense sector opportunity to evolve from an existing defense
sector consulting agreement in which the company is currently
engaged.
Analyst
Research
Goldman Small Cap Research recently
issued a research report on the Company. The report includes
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 patented lithium battery technology portfolio and the
first application of the technology in an electric motorcycle being
produced by an Alternet subsidiary. To view the report,
visit www.lithiumip.com/research-rpt or
www.GoldmanResearch.com.
About Alternet Systems,
Inc.
Alternet Systems, Inc. is leveraging its
key lithium battery technologies patent agreement to introduce
innovative, environmentally sustainable products to various
consumer markets. The first product category in which a first run
of production will be introduced this year, is lithium
battery-powered motorcycles, to be followed by motorbikes. These
products will be released through its newly launched ReVolt
Electric Motorbikes subsidiary.
Keep up with ReVolt’s latest developments by checking back
periodically to the company’s website: www.revoltmotorbikes.com
Learn more on the company's website: 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/
Alternet Systems (PK) (USOTC:ALYI)
Historical Stock Chart
From Aug 2024 to Sep 2024
Alternet Systems (PK) (USOTC:ALYI)
Historical Stock Chart
From Sep 2023 to Sep 2024