ALYI Anticipates Major Boost To Its Hemp Energy Program From $867 Billion Farm Bill Including Legalization Of Hemp Farming
December 13 2018 - 10:27AM
InvestorsHub NewsWire
ALYI Anticipates Major Boost
To Its Hemp Energy Program From $867 Billion Farm Bill Including
Legalization Of Hemp Farming
DALLAS, TX -- December 13, 2018
-- InvestorsHub NewsWire -- Alternet Systems, Inc.
(USOTC: ALYI)
today announced that the company anticipates a major boost to its
hemp energy storage initiative in reaction to the legalization of
hemp farming including in the 2018 Farm Bill. Yesterday,
Congress passed the $867 billion farm bill that includes the
legalization of hemp farming and President Trump is expected to
soon sign the bill into law. In October this year, Alternet
initiated a project to explore and
develop hemp-based technologies for energy storage. The
company engaged Clarkson University Professor David
Mitlin to lead the initiative.
Professor Mitlin is a leading expert in
electrochemistry and a pioneer in the use of hemp as a clean,
green, renewable energy in the form of a
supercapacitor. 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.
“With the imminent legalization of hemp
farming on the very near horizon, the market is just beginning to
awaken to the fact that hemp has much more to offer than CBD,” said
Edward Bollen, President of Alternet Systems primary operating
subsidiary. “Hemp is a high quality and cost-effective source of
raw materials for construction, clothing, and paper
manufacturing. And yes, hemp fiber can be used in
microprocessors and supercapacitors. The legalization of hemp
farming will bring all these applications of hemp into focus and we
here at Alternet are already experiencing a surge of investor
interest in our hemp energy
initiative.
Alternet Systems
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.
These products are released through the company’s newly launched
ReVolt Electric Motorbikes subsidiary.
You can learn
more on the company's new website about its expansion beyond
lithium centric energy storage solutions in addition to its
projects to advance energy storage technology through inclusion
into electric vehicle projects and military application
projects: http://www.AlternetSystemsInc.com
Learn more
about ReVolt Electric
Motorbikes: http://www.revoltmotorbikes.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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