ALYI - Alternet Systems Targets $93 Billion EV Battery Market With Hemp Energy Storage Solution
February 05 2019 - 2:43PM
InvestorsHub NewsWire
ALYI – Alternet Systems Targets $93
Billion EV Battery Market With Hemp Energy Storage
Solution
Dallas, TX – February 5, 2019 –
InvestorsHub NewsWire -- Alternet Systems, Inc. (USOTC: ALYI)
(“ALYI”) today announced plans to pursue research investment for
its hemp energy storage initiative to pursue the electric vehicle
battery market anticipated to reach $93 billion by 2026. ALYI
management has seen interest for such investment in the market
place in reaction to ALYI’s hemp energy storage initiative and the
recent passage of the 2018 Farm Act legalizing hemp farming in the
United States.
“With the passing of the Farm Bill —
making industrial hemp a lawful agricultural commodity in
the United States — hemp research is ready to take a big leap.
Someday, we could be driving hemp-powered cars and using
phones that are powered by hemp!”
Ministry of
Hemp
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 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%.”
Forbes
“According to a market research report by
BIS Research, titled "Global Electric Vehicles Battery Market -
Analysis and Forecast (2017-2026)", the global electric vehicles
battery market is estimated to reach $93.94 billion by
2026. The demand for electric cars is increasing rapidly, with the
global stock numbers crossing 2 million in 2016 after crossing 1
million in 2015. The expected growth in the market for EV batteries
is attributed to the increasing collaborations between the key
component manufacturers and rising number of OEMs. Moreover,
falling battery prices and improved charging infrastructure are
expected to be the key factors in the growth of the market. The
government bodies are actively promoting the usage of electric
vehicles to reduce high emission
levels.”
BIS
Research
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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