DALLAS, Jan. 29, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- 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 a 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 supercapacitor 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. (USOTC: 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
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/72889c71-7a98-4768-b4ff-b6123be120a9.