Alternet Systems, Inc. (OTC Pink: ALYI) is engaged as a lithium-ion battery manufacturer. Shares of the lithium battery developer are jumping 66.67%, through early trading on Tuesday, November 14, 2017. Over the past month, Alternet Systems, Inc. has seen average daily volume of 466,476 shares. However, volume of 1.04 million shares or dollar volume of $20,800, has already exchanged hands on the day.
Shares Alternet Systems, Inc. are climbing today, after the company announced it is partnering with Nissan Motor Company, Ltd. and Sanyo Electric Co., Ltd. in order to develop new lithium batteries and technologies for electric vehicles. Furthermore, the company will utilize this technology to assist with other applications such as military. Here is the full press release detailing of the partnership with Nissan and Sanyo to develop lithium technologies:
Alternet Systems, Inc. Press Release:
DALLAS, November 14, 2017 /PRNewswire/ —Alternet Systems, Inc. (OTC: ALYI) today announced new partnership developments advancing the company’s strategy to become a recognized brand name within the lithium-ion battery market. The strategy is built on the company’s portfolio of ten lithium technology patents. Detailed information on each of the patents is available on the United States Patent and Trademark (USPTO) website. Alternet specifically sought out and obtained the technology portfolio to deliver stable, safe, long duration power in high impact operating systems. The Alternet lithium technologies were originally developed to provide a stable, long-lasting and safe solution for the growing electric vehicle (EV), and Hybrid Electric Vehicle (HEV) market in addition to the portable power (PP) market for the growing number of personal electronic devices. Among other features, the Alternet lithium technologies expand the operating temperature window of lithium-ion batteries compared to currently available lithium-ion batteries thus improving safety by reducing the risk of combustion and also improving efficiency by reducing or eliminating a supplemental battery cooling function. The battery cooling efficiency is particularly valuable in the EV and HEV market. In partnership with the original developer of the lithium patents, the technologies were tested in cooperation with Nissan Motor Company, Ltd. and UBE Industries, Ltd., the primary source of batteries for Sanyo Electric Co, Ltd.
Alternet’s business strategy is to partner with prominent third parties producing products and services that require stable, safe, long duration power in high impact operating systems. Within such partnerships, Alternet and each partner will together develop an integrated solution that includes a power component based on Alternet’s lithium technology. Alternet management has an extensive background in military industrial solutions. The original technology developer did not concentrate on military applications. The combination of Alternet’s military background and high potential of the technology for applicability in military solutions presents a promising partnership development opportunity. At the same time, Alternet is also developing partnerships separate from the military industrial sector to include the EV and HEV partners. Several potential partners participated in Alternet’s vetting process when identifying and selecting a technology to acquire as the foundation of the company’s strategy to bring a stable, safe, long duration power solution to market for high impact operating systems. Partnership announcements are anticipated to be forthcoming soon.
Learn more on the company’s website: http://www.otc-alyi.com or http://www.lithiumip.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.