ALYI Carves Out Niche In $10 Billion Industrial Hemp Market Accelerated By 2018 Farm Act Legalizing US Hemp Farming
January 29 2019 - 9:22AM
InvestorsHub NewsWire
Dallas, TX -- January 29, 2019 --
InvestorsHub NewsWire -- Alternet Systems, Inc. (USOTC:
ALYI) (“ALYI”) today released a management update highlighting
the company’s hemp energy initiative in light of the 2018 Farm Act
legalizing the farming of hemp in the United States, and providing
the latest developments with $1.5 million in Revolt Electric
Motorcycle orders. ALYI is focused
on offering varied, environmentally sustainable, energy storage
solutions for targeted markets, including consumer electric
vehicles and military applications. The Company has an number of
strategic initiatives underway. The primary focus of the
update today is ALYI’s two leading initiatives, the development of
hemp energy storage and the production and sales of electric
motorcycles. A recent research report from Grand View
Research anticipates the industrial hemp market to grow to
$10.6 billion by 2025.
Forbes recently featured the niche
within the industrial hemp market that ALYI is targeting. In
fact, the Forbes article featured the consultant engaged by ALYI to
accelerate ALYI’s program.
Hemp Energy
Storage
The Forbes article mentioned above
states:
“The challenge to find lighter and
longer-lasting energy storage devices (e.g., batteries) can be
found in almost every sector. Hemp could prove to revolutionize
battery life by aiding in the development of faster, smaller and
cheaper supercapacitors. A supercapacitor is an energy storage
device that can discharge powerful infusions of energy, needed only
in small bursts. Such powerful discharges are used in braking
systems of electric vehicles, the powering on of computers and new
technologies such as rapid phone charging or cordless
tools.
The current top-performing supercapacitors
use graphene. However, in 2004, Dr. David Mitlin of Clarkson
University and researchers at the National Institute for
Nanotechnology (NINT), discovered that hemp-based supercapacitors
outperformed graphene supercapacitors in energy storage
by nearly 200%.”
In October last 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.
ALYI has engaged Nouveau, Inc. (USOTC:
NOUV) to source hemp fiber for its supercapictor
developments. NOUV has recently announced a 100 acre hemp
cultivation operation.
ReVolt Electric
Motorcycle
Last year, through its ReVolt Electric
Motorcycle subsidiary, ALYI introduced a retro designed electric
motorcycle with two saddle seats and a side car. The company
has signed three fleet sales agreements to produce ReVolt Electric
Motorcycles for shared-ride programs in Africa and Texas. The
order deliveries are pending the finalization of a pilot test of
the prototype motorcycle. The finalization of the pilot test
is imminently anticipated. The current orders total $1.5
million in Revolt Electric Motorcycle orders pending the completion
of a pilot test of the motorcycles. Look for an announcement
regarding the pilot test completion any day now.
Research Report Speculative Buy Rating And
$0.09 Target PPS
Goldman Small Cap Research recently issued
an updated 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 new strategy, new orders, and upcoming
milestones. To view the report, along with disclosures and
disclaimers, visit https://www.alternetsystemsinc.com/research-rpt/ or http://www.GoldmanResearch.com.
Alternet
Systems, Inc.: Alternet Systems, Inc. (OTC
- 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. These products are released through its
newly launched ReVolt Electric Motorbikes subsidiary.
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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