Alpine 4 Holdings (ALPP) Subsidiary Quality Circuit Assembly, Inc. Secures $1.2 Million in New Purchase Orders

Rhea-AI Summary

Alpine 4 Holdings (Nasdaq: ALPP) announced that its subsidiary, Quality Circuit Assembly, Inc. (QCA), has secured $1.2 million in new purchase orders, raising its backlog to over $2.6 million for January 2022. This growth includes diverse customers in the EV, medical device, 3D printing, and robotics sectors. QCA's leadership attributes this success to a skilled workforce and state-of-the-art equipment, enhancing their competitive edge. The company's certifications bolster its appeal to Fortune 500 clients and support initiatives with U.S. Federal Government agencies.

Positive

• Secured $1.2 million in new purchase orders, increasing backlog to over $2.6 million.
• Diverse customer base includes EV manufacturers, medical devices, 3D printing, and robotics.
• State-of-the-art equipment enhances capacity to fulfill larger orders.
• Long-term loyal customer relationships contribute to revenue growth.

Negative

• None.

PHOENIX, AZ / ACCESSWIRE / January 20, 2022 / Alpine 4 Holdings, Inc. (Nasdaq:ALPP), a leading operator and owner of small market businesses, announced today that its subsidiary, Quality Circuit Assembly, Inc. (QCA) has secured $1.2 Million of new purchase orders, increasing its backlog to over $2.6 Million dollars for January 2022. These customers range from EV manufacturers to medical device manufacturers to 3D printing and robotics customers.

QCA's President, Tim Garcia, commented, "Our continued growth is due to a combination of our long-term loyal customers, in addition to the newly acquired ones. Alpine 4 corporate has consistently supported the reinvestment of capital back into cutting edge, new equipment helping us to maintain our competitive edge here in the Valley. Our new state-of-the-art equipment has allowed us to not only win over new customers but has given us the capacity to fulfill larger orders. We will continue to garner new clientele with our reputation for high-quality PCB work."

Quality Circuit Assembly, Inc. has provided high-tech electronic contract manufacturing solutions in the Silicon Valley area for over three decades. The company prides itself on being ITAR, AS9100D, UL, IPC A 610, and J-STD-001 certified. The aerospace industry established AS9100 certification to provide a single quality management system to satisfy quality requirements from the Department of Defense, NASA, and Federal Aviation Administration.

Kent B. Wilson, Alpine 4's CEO, had this to say: "What a great way to start the year. At QCA, we have a highly-skilled yet stable workforce, which by itself has given QCA a competitive advantage with Fortune 500 customers over the past three decades. When coupled with our vast certifications and quality assurance programs, QCA competes well even with the bigger players in the business. While we use these certifications for existing customers, it is equally important for QCA's sister subsidiaries like Vayu Aerospace and ElecJet to have an in-house company like QCA that can deliver US-based production of parts and assemblies to support our selling initiative to the US Federal Government, its various agencies and other companies that sell to them."

About Alpine 4 Holdings: Alpine 4 Holdings, Inc. (ALPP) is a NASDAQ traded conglomerate that acquires businesses that fit into its disruptive DSF business model of Drivers, Stabilizers, and Facilitators. At Alpine 4, we understand the nature of how technology and innovation can accentuate a business. Our focus is on how the adaptation of new technologies, even in brick-and-mortar businesses, can drive innovation. We also believe that our holdings should benefit synergistically from each other, have the ability to collaborate across varying industries, spawn new ideas, and create fertile ground for competitive advantages.

Four principles at the core of our business are Synergy. Innovation. Drive. Excellence. At Alpine 4, we believe synergistic innovation drives excellence. By anchoring these words to our combined experience and capabilities, we can aggressively pursue opportunities within and across vertical markets. We deliver solutions that not only drive industry standards, but also increase value for our shareholders.

Contact:

Investor Relations
investorrelations@alpine4.com
www.alpine4.com

Forward-Looking Statements: Certain statements and information in this press release may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the Private Securities Litigation Reform Act of 1995. The information disclosed in this press release is made as of the date hereof and reflects Alpine 4 most current assessment of its historical financial performance. Actual financial results filed with the SEC may differ from those contained herein due to timing delays between the date of this release and confirmation of final audit results. These forward-looking statements are not guarantees of future performance and are subject to uncertainties and other factors that could cause actual results to differ materially from those expressed in the forward-looking statements including, without limitation, the risks, uncertainties, including the uncertainties surrounding the current market volatility, and other factors the Company identifies from time to time in its filings with the SEC. Although Alpine 4 believes that the assumptions on which these forward-looking statements are based are reasonable, any of those assumptions could prove to be inaccurate and, as a result, the forward-looking statements based on those assumptions also could be incorrect. You should not place undue reliance on these forward-looking statements. The forward-looking statements contained in this release are made as of the date hereof, and Alpine 4 disclaims any intention or obligation to update the forward-looking statements for subsequent events.

SOURCE: Alpine 4 Holdings, Inc.

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FAQ

What is the recent news about Alpine 4 Holdings (ALPP)?

Alpine 4 Holdings' subsidiary, Quality Circuit Assembly, secured $1.2 million in new purchase orders, increasing its backlog to over $2.6 million.

How has Quality Circuit Assembly contributed to Alpine 4 Holdings' performance?

Quality Circuit Assembly has secured new orders from various sectors, enhancing its competitive position and expanding its customer base.

What industries are the new customers of Quality Circuit Assembly involved in?

New customers range from electric vehicle manufacturers to medical device producers and companies in 3D printing and robotics.

What certifications does Quality Circuit Assembly hold?

Quality Circuit Assembly is certified in ITAR, AS9100D, UL, IPC A 610, and J-STD-001, enhancing its credibility in high-tech manufacturing.

What is the significance of the $1.2 million purchase orders for ALPP stock?

The new purchase orders indicate robust demand for Quality Circuit Assembly's services, potentially positive for ALPP's stock performance.