Alternet Sys Stock Price, News & Analysis

Alternet Systems, Inc. (ALYI) historically traded on the OTC market and is referenced in recent disclosures as MBAK Energy Solutions, Inc. (f/k/a Alternet Systems, Inc.). According to company news, the business has transitioned to operate under the new OTC ticker MBAK, with a focus on non-fossil fuel energy products and battery technologies. For investors and researchers, ALYI represents the prior trading symbol associated with this corporate history and subsequent rebranding.

Business focus and transformation

Company announcements describe MBAK Energy Solutions, Inc. (formerly Alternet Systems, Inc.) as being engaged in the development, manufacturing, and commercialization of non-fossil fuel energy products. The firm reports expertise in the design and production of lithium, sodium, and solid-state batteries for industrial, medical, portable electronics, and electric vehicle (EV) applications. Earlier releases under the ALYI symbol also reference an electric vehicle and e-mobility strategy, including electric motorcycles and broader EV ecosystem initiatives.

A news release dated October 4, 2024 states that MIA Global, Inc. is acquiring the controlling interest in Alternet Systems, Inc. (USOTC: ALYI), making ALYI a MIA Global affiliated company. MIA Global is described as a green energy company involved in conceptualizing, designing, manufacturing, and commercializing e-mobility products for automotive, maritime, and aeronautical uses, and in the commercialization of in-house manufactured e-bikes, golf carts, and specialized batteries for niche applications. The release notes that MIA Global intended to provide further public updates on its plans for Alternet Systems, including possible operating company name and ticker symbol changes.

Ticker symbol change and current trading reference

In a December 1, 2025 news release, the company announced that MBAK Energy Solutions, Inc. (OTC:MBAK) (f/k/a Alternet Systems, Inc.) completed regulatory processes to change its ticker symbol from ALYI to MBAK on the OTC market. The change became effective on November 28, 2025, with the company listed as OTC:MBAK. This establishes ALYI as the historical ticker for the entity now trading as MBAK Energy Solutions, Inc.

Operations and applications described in company news

Company news under the MBAK name describes activities centered on battery cell design and manufacturing for several applications. Releases state that the company is involved in:

• Design and production of lithium, sodium, and solid-state batteries.
• Supplying batteries for industrial uses.
• Supplying batteries for medical applications.
• Supplying batteries for portable electronics.
• Supplying batteries for EV applications, including electric two- and three-wheelers.

News also references Battery Energy Storage System (BESS) contracts for an Indian power grid customer, where MBAK began manufacturing battery cells as part of BESS deliveries. The releases explain that BESS units support renewable energy by providing storage and line balancing to the grid for consistent power delivery. Additional news mentions demand for electric two-wheelers in Europe, India, and Africa, and battery cells for data center power facilities.

Historical e-mobility strategy under ALYI

Earlier news releases issued under the ALYI symbol describe Alternet Systems, Inc. pursuing an electric vehicle (EV) ecosystem vision, including an electric motorcycle taxi strategy in East Africa and an electric vehicle racing initiative. The company discussed merger and acquisition explorations, an NDA and due diligence with potential partners, and an effort to adapt its EV strategy through mergers and acquisitions. These historical disclosures position ALYI as a company working to build an EV-focused business and exploring ways to integrate its electric motorcycle assets into broader opportunities.

Relationship with MIA Global

The October 4, 2024 news release states that MIA Global is acquiring a controlling interest in Alternet Systems, Inc. (USOTC: ALYI), making ALYI a MIA Global affiliated company. MIA Global is described as a green energy company with operations in e-bikes, golf carts, specialized batteries, and other e-mobility products. The release notes that MIA Global intended to make further public updates on its plans for Alternet Systems, including potential changes to the operating company name and ticker symbol to reflect a new branding and business focus.

How ALYI relates to MBAK Energy Solutions, Inc.

Later company news explicitly identifies MBAK Energy Solutions, Inc. (OTC:MBAK) as formerly known as Alternet Systems, Inc.. This indicates that the corporate entity associated with ALYI has continued under a new name and ticker symbol. For users researching ALYI, this background helps connect historical information about Alternet Systems, Inc., its EV and e-mobility initiatives, and its transition into a battery-focused energy company operating as MBAK Energy Solutions, Inc.

Use of this overview

This overview summarizes information contained in company news releases about Alternet Systems, Inc. (ALYI), its acquisition of controlling interest by MIA Global, and its subsequent identification as MBAK Energy Solutions, Inc. with the OTC ticker MBAK. It is intended as a factual, historical reference based on those disclosures, rather than a forward-looking assessment.