Alternet Systems, Inc. (OTC Pink: ALYI) is focused on offering a variety of environmentally sustainable energy storage solutions, including consumer electric vehicles and military applications. Shares jumped 45.15% on Friday, February 1, 2019. Over the past month, Alternet has seen an average daily volume of 1,322,203 shares. However, on Friday, 24,720,353 shares traded hands, equating to $739,100 in dollar volume.
Shares surged on Friday after Alternet announced a pilot test of its Revolt Electric Motorcycles for a Kenyan-based shared ride client. If the test is successful, the client is expected to make a $1 million order of 100 electric motorcycles. In addition, there will be two other potential clients observing the test, which would represent an additional $500,000 in orders. Alternet also announced on Friday that their project “to explore and develop hemp-based technologies for energy storage” has been featured in an online publication of Forbes, raising awareness and generating excitement for Alternet’s endeavors. Here is the full press release detailing the pilot test and potential orders for Alternet’s Revolt Electric Motorcycles and the company’s recent feature in Forbes:
Alternet Systems, Inc. Press Release:
DALLAS, Feb. 01, 2019 (GLOBE NEWSWIRE) — via OTC PR WIRE — Alternet Systems, Inc. (USOTC: ALYI) (ALYI) today announced a pilot test of its Revolt Electric Motorcycles in conjunction with a $1 million fleet order for a Nairobi, Kenya shared ride client. Client delegates will be in the United States next week. ALYI management anticipates the electric motorcycle to pass the client’s pilot test and trigger the initiation of the 100-motorcycle order. The pilot test is expected to bode well for two additional client pilot tests triggering an additional $500,000 in orders.
Separate from ALYI’s electric vehicle endeavors, the company yesterday announced that their hemp energy storage project lead was featured in an online publication through Forbes. In October last year, Alternet initiated a project to explore and develop hemp-based technologies for energy storage. The company engaged Clarkson University Professor David Mitlin to lead the initiative. Professor Mitlin is a leading expert in electrochemistry and a pioneer in the use of hemp as a clean, green, renewable energy in the form of a supercapacitor. 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. A recent research report from Grand View Research anticipates the industrial hemp market to grow to $10.6 billion by 2025. ALYI has engaged Nouveau, Inc. to source hemp fiber for its supercapacitor developments. NOUV has recently announced a 100 acre hemp cultivation operation.
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 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.
Alternet Systems, Inc.: Alternet Systems, Inc. (USOTC: 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. These products are released through its newly launched ReVolt Electric Motorbikes subsidiary.
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.