Alternet Systems Inc (ALYI)

[ecommceo]

*NEWS*** 02/08/2019 $ALYI


Alternet Systems Announces Client Pilot Test Sign-off Triggering $1.5 Million in Orders

PR NEWSWIRE - 8:30 AM ET 02/08/19
DALLAS, Feb. 8, 2019 /PRNewswire/ -- Alternet Systems, Inc. (ALYI) ("ALYI") today announced the successful completion of the ReVolt Electric Motorcycle pilot test that triggers a $1 million fleet order for a Nairobi, Kenya shared ride client. ALYI has two additional fleet orders accounting for an additional $500,000 in orders and the client for the two additional orders has accepted this week's pilot test and agreed to proceed with the orders.

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

Goldman Small Cap Research recently issued an updated 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 (ALYI) new strategy, new orders, and upcoming milestones. To view the report, along with disclosures and disclaimers, visit https://www.alternetsystemsinc.com/research-rpt/ or http://www.GoldmanResearch.com.