DALLAS, Feb. 15, 2019 — Alternet Systems, Inc. (USOTC: ALYI) (“ALYI”) today announced a pending update to ongoing research coverage scheduled for release next week. Goldman Small Cap Research is engaged by ALYI to provide ongoing coverage. Goldman’s most recent report includes a ‘speculative-buy’ rating with a target price-per-share of $0.09. However, the current report predates ALYI’s initiation of its hemp energy storage initiative, the finalization of $1.5 million in electric vehicle orders and ALYI’s targeting of the acquisition of a shuttered start-up electric car manufacturing facility. For the current report, along with disclosures and disclaimers, visit https://www.alternetsystemsinc.com/research-rpt/ or http://www.GoldmanResearch.com. The updated report is anticipated for release on Wednesday next week on February 20, 2019.
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.
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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Source: Alternet Systems, Inc.