Alternet Systems, Inc. announced hemp vehicle material development partner Nouveau has begun work on processing material from the first legal US hemp harvest season that will be used in the ongoing development of a hemp body for electric delivery vehicles and to support ALYI's ongoing hemp battery initiative. This announcement highlights ALYI's current $100 million cryptocurrency investment strategy targeted at expanding the company's existing $300 million in electric vehicle projects in Africa. ALYI initiated an ongoing hemp battery development initiative approximately one year ago.

More recently, the company announced a hemp body initiative in conjunction with its longer-term plans to build electric delivery vehicles for the African market. The company confirms that both the hemp battery and hemp body initiatives are include in the developing $100 million cryptocurrency investment strategy. IW Global has proposed launching and managing an Initial Coin Offering (ICO) on ALYI's behalf specifically targeted at raising $100 million to fund infrastructure for electric vehicle production in Africa.