ALYI Announces Forbes Article Featuring ALYI's Hemp Energy Storage Project Lead David Mitlin
January 31 2019 - 10:59AM
InvestorsHub NewsWire
ALYI Announces Forbes Article
Featuring ALYI's Hemp Energy Storage Project Lead David
Mitlin
Dallas, TX – January 31,
2019 – InvestorsHub NewsWire -- Alternet Systems, Inc. (USOTC:
ALYI) (“ALYI”) today announced that the company's hemp energy
storage project lead was featured in an online publication through
Forbes. 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.
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%.”
The full article is avalaible at www.forbes.com/the-age-of-hemp
Earlier this week, ALYI 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.
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.
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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