DALLAS, Texas, March 08, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Alternet Systems, Inc. (ALYI) (“ALYIâ€) today announced a license in the State of New York to grow hemp. The company has secured acreage in New York to grow and house the facility where hemp bast will be harvested for conducting further research within in the company’s hemp energy storage imitative. ALYI launched its hemp energy storage initiative late last year when the company 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.
Bloomberg New Energy Finance forecasts that the
global energy storage market will “double six times†from 2017
levels to 2030, from than 5 gigawatt-hours last year, to more than
300 gigawatt-hours and 125 gigawatts of capacity by 2030. An
estimated $103 billion will be invested in energy storage over that
time period. ALYI management believes hemp energy storage is
a strong candidate for receiving a fair portion of the anticipated
investment.
ALYI has engaged the services of Nouveau (NOUV) (“NOUVâ€) to manage the hemp farming
operations. Puration, Inc. (PURA) (“PURAâ€)
recently spun-off its cannabis cultivation operation to
NOUV.
Research Report Speculative Buy Rating
And $0.09 Target PPS
Goldman Small Cap Research recently issued a
research report update on the Company. The report confirms 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 new strategy, new orders, and upcoming
milestones. To view the report, along with disclosures and
disclaimers, visit https://www.alternetsystemsinc.com/research-update
or http://www.GoldmanResearch.com.
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 has recently announced $2 million in orders of its
Revolt Electric Motorcycles. 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.
For more information, please visit: http://www.alternetsystemsinc.com
Alternet Systems, Inc. Contact:
Randell Torno
[email protected]
+1-800-713-0297
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/31c103c9-390d-46f6-87d7-e5e12ea833b3