Dallas, TX – October 3, 2017 – Alternet Systems, Inc. (USOTC: ALYI) is in the process of updating its public disclosures and anticipates having all required disclosures updated imminently. ALYI shifted its business direction committing to the lithium technology sector when it acquired Lithium IP Holdings on July 21st of this year. Lithium IP Holdings has an existing portfolio of patented lithium based energy storage technologies obtained in an exclusive and confidential agreement with a prominent Fortune 500 company. A joint announcement detailing the agreement and disclosing specifics of the patents is in the works.
About Alternet Systems:
Alternet and its wholly owned subsidiary, Lithium IP Holdings, plan to develop partnerships with prominent businesses and agencies to commercialize this portfolio of lithium technologies while continuing to expand the portfolio to include a greater range of energy storage technologies. The existing portfolio of patented lithium battery enhancement technologies were developed to provide stable, safe, long duration power in high impact operating systems. Industrial tools, combat applications, automotive and other powered mechanical apparatus are examples of potential uses. With decades of military and intelligence community experience, the new Alternet Systems management team has a deep background with a variety of high impact applications and is already in conversations with potential commercialization and development partners.
The Company’s new website:
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.
Alternet Systems, Inc. Contact:
1 800 713 0297