ALYI - Alternet Systems Expanding Reach Into $500 Billion Electric Vehicle Market
2019年2月23日 - 12:02AM
InvestorsHub NewsWire
ALYI – Alternet Systems Expanding
Reach Into $500 Billion Electric Vehicle Market
Dallas, TX -- February 22, 2019 --
InvestorsHub NewsWire -- Alternet Systems, Inc. (USOTC:
ALYI) (“ALYI”) today announced an update on its targeted
acquisition of a targeting the acquisition of a shuttered start-up
electric car manufacturing facility. The targeted acquisition
is one of several potential acquisitions the company is developing
to expand from its current electric motorcycle business into
producing electric cars. ALYI is developing its own electric energy
storage technology and simultaneously developing its own electric
vehicle production capacity. The company recently announced
$1.5 million in orders for its electric motorcycle. The
global electric vehicle market is expected to reach over $500 billion by 2025. With
a recent Bloomberg report forecasting electric and internal
combustion engine price parity by 2024, ALYI is positioning to
expand into electric cars. The share price of Electra
Meccanica Vehicles Corp. (NASDAQ:
SOLO) has recently exploded in reaction to reports that
the cost of electric vehicles will soon be the same as internal
combustion engines.
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.
ALYI also recently brought Clarkson University Professor David
Mitlin on board to lead a hemp energy storage initiative.
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. Mitlin holds a
US patent for his proprietary hemp energy storage
technology.
Research Report
Speculative Buy Rating And $0.09 Target
PPS
Earlier this week, Goldman Small Cap Research
issued an research report update on the Company. The report
confirms 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-update
or http://www.GoldmanResearch.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.
For more information, please visit: http://www.alternetsystemsinc.com
Alternet Systems, Inc. Contact:
Randell Torno
info@lithiumip.com
+1-800-713-0297
Alternet Systems (PK) (USOTC:ALYI)
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