Dallas, TX – May 11, 2018 Alternet Systems, Inc. (USOTC: ALYI) featured the highlights of its patented lithium battery technology and the potential for the technology to reduce the risk of fire and explosion in lithium batteries currently in the market. Another Tesla fire was in the news yesterday and Alternet management believes their patented lithium battery technology could help Tesla reduce and even eliminate the risk of fires. “Lithium batteries have shown a tendency to overcharge and in so doing, overheat,” explained Randel Torno, CEO of Alternet. “The electrolytes in lithium batteries have some flammable characteristics. Over-heating and flammable characteristics can be a bad combination. Among other benefits, Alternet’s patented lithium battery technology reduces overcharging issues and reduces the flammability of the electrolytes. Our technology produces a more efficient and safer battery.”
To further develop its lithium battery technology, Alternet recently launched an Electric Vehicle (EV) business called ReVolt Electric Motorbikes utilizing the company’s portfolio of patented lithium battery technologies. Alternet secured the patented lithium battery technology from the original developer of the technology, Air Products and Chemicals, Inc. (NYSE: APD). The technology has been tested by Nissan Motor Company, Ltd.
Goldman Small Cap Research recently issued a 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 patented lithium battery technology portfolio and the first application of the technology in an electric motorcycle being produced by an Alternet subsidiary. To view the report, visit www.lithiumip.com/research-rpt or www.GoldmanResearch.com.
About Alternet Systems, Inc.
Alternet Systems, Inc. is leveraging its key lithium battery technologies patent agreement to introduce innovative, environmentally sustainable products to various consumer markets. The first product category in which a first run of production will be introduced this year, is lithium battery-powered motorcycles, to be followed by motorbikes. These products will be released through its newly launched ReVolt Electric Motorbikes subsidiary.
Keep up with ReVolt’s latest developments by checking back periodically to the company’s website: www.revoltmotorbikes.com
Learn more on the company's website: 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.
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