Alternet Systems Inc Anticipates Business Acceleration From Chinese Fossil Fuel Ban
DALLAS, Nov. 05, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Alternet Systems, Inc. () (“ALYI”) today announced an anticipated business acceleration coming soon from China’s plan to ban fossil fuel powered vehicles. China recently plans to put a schedule in place for the elimination of vehicles powered by fossil fuels. ALYI management expects to existing operational benefits from the ban. First, ALYI has partnered with a Chinese manufacturer for the construction of its Revolt Electric Motorcycle. With its partner under pressure to eliminate a fossil fuel powerplant, ALYI expects to benefit by potentially licensing is electric power plant to its manufacturing partner in China for production in China. Second, with ALYI’s recent entry into hemp supercapacitors, given the magnitude of hemp farming in China, ALYI management anticipates its hemp supercapacitor initiative to potentially gain traction in China.
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 or .
About Alternet Systems, Inc.: Alternet Systems, Inc. (OTC - 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.
For more information, please visit:
Alternet Systems, Inc. Contact:
Randell Torno
1-800-713-0297
