Alternet Nears Deal on Second Lithium Technology Acquisition

11 Jan 2018

Alternet Systems, Inc. (USOTC: ALYI) announced the company expects to make a strategic announcement next week on reaching a deal to acquire a second lithium technology. In July of last year, the company acquired an exclusive license agreement with Air Products and Chemicals, Inc. (NYSE: APD) for ten U.S. Patented lithium battery technologies with an option to acquire the ten U.S. Patents. The company is applying its portfolio of patented lithium battery technologies to enhance the value of electric powered products to include electric vehicles and military support systems. The company is implementing a strategy to optimize shareholder value in the application of its lithium technologies by spinning off applications into independently listed public companies and issuing stock in the independently listed companies to Alternet shareholders through dividend distributions. Management has announced two spinoffs and dividend distributions anticipated in 2018. To learn more about the spinoff and dividend strategy, see the company's online presentation: Alternet Spinoff And Dividend Strategy To Unlock Shareholder Value

Alternet Systems |