Alternet Systems Anticipates Major Boost to its Hemp Energy Program From $867 Billion Farm Bill Including Legalization of Hemp Farming

DALLAS, December 13, 2018 /PRNewswire/ --

Alternet Systems, Inc. (USOTC: ALYI) today announced that the company anticipates a major boost to its hemp energy storage initiative in reaction to the legalization of hemp farming including in the 2018 Farm Bill. Yesterday, Congress passed the $867 billion farm bill that includes the legalization of hemp farming and President Trump is expected to soon sign the bill into law. In October this 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. 

"With the imminent legalization of hemp farming on the very near horizon, the market is just beginning to awaken to the fact that hemp has much more to offer than CBD," said Edward Bollen, President of Alternet Systems primary operating subsidiary. "Hemp is a high quality and cost-effective source of raw materials for construction, clothing, and paper manufacturing. And yes, hemp fiber can be used in microprocessors and supercapacitors. The legalization of hemp farming will bring all these applications of hemp into focus and we here at Alternet are already experiencing a surge of investor interest in our hemp energy initiative."

Alternet Systems 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 the company's newly launched ReVolt Electric Motorbikes subsidiary. 

You can learn more on the company's new website about its expansion beyond lithium centric energy storage solutions in addition to its projects to advance energy storage technology through inclusion into electric vehicle projects and military application projects:

http://www.AlternetSystemsInc.com

Learn more about ReVolt Electric Motorbikes: http://www.revoltmotorbikes.com

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.

Alternet Systems, Inc. Contact:
Randell Torno
[email protected]
+1-800-713-0297

https://www.otc-alyi.com/contact/  

SOURCE Alternet Systems, Inc.