Alpine 4 Holdings (ALPP) Subsidiary, Vayu Aerospace Corporation, Advances to Phase 3 of our US Air Force SBIR Allowing for Sole Source Procurement

Rhea-AI Summary

Alpine 4 Holdings, Inc. (Nasdaq: ALPP) announced its subsidiary, Vayu Aerospace Corporation, has successfully completed the Phase 2 SBIR with the US Air Force using the US-1 autonomous vehicle for nuclear security. This advancement allows Vayu to move to Phase 3, enabling sole-source sales to the USAF. Vayu's president highlighted the US-1 as a valuable asset, indicating potential for expanded opportunities and new contracts. The company emphasizes its focus on synergistic innovation across industries to enhance shareholder value.

Positive

• Successful completion of Phase 2 SBIR.
• Advancement to Phase 3 allows sole-source procurement for the USAF.
• Potential for new contracts and expanded opportunities with the US Air Force.

Negative

• None.

PHOENIX, Nov. 17, 2021 /PRNewswire/ -- Alpine 4 Holdings, Inc. (Nasdaq: ALPP), a leading operator and owner of small market businesses, subsidiary Vayu Aerospace Corporation (Vayu), announced that it has successfully completed its US Air Force Phase 2 SBIR using Vayu's US-1 as an autonomous vehicle for the security of nuclear weapons. As a result, the US-1 moves to Phase 3 and can now be sold sole source to the USAF.

TK Eppley, Vayu's President, had this to say: "We are very proud of our program team at Vayu and the 90^th Missile Wing of the US Air Force. The US-1 is a world class leader in airtime, which has proven to a be a very valuable asset for the US Air Force.  The successful completion of this Phase 2 SBIR, moving to Phase 3, allows Vayu to expand the US-1 for greater opportunities within the US Airforce and new contracts for our drone offerings."

Sgt. Nathan Grier, Lead Operator of Vayu had this to say. "I take great pleasure in seeing Vayu complete the mission that I helped procure as the Program Manager for the sUAS of the 90^th Missile Wing of the US Airforce. As we move into phase 3, I feel proud to be part of a team working on a critical project of this magnitude.  We look forward to continuing our relationship with the US Airforce and the development of future drone tech."

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: 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.

View original content:https://www.prnewswire.com/news-releases/alpine-4-holdings-alpp-subsidiary-vayu-aerospace-corporation-advances-to-phase-3-of-our-us-air-force-sbir-allowing-for-sole-source-procurement-301426978.html

SOURCE Alpine 4 Holdings, Inc.

FAQ

What does the Phase 2 SBIR completion mean for ALPP?

The completion signifies that Vayu Aerospace has advanced to Phase 3, allowing for sole-source procurement of the US-1 vehicle by the US Air Force, which could lead to increased sales opportunities.

What is the US-1 vehicle's role in the Air Force?

The US-1 is utilized as an autonomous vehicle specifically for the security of nuclear weapons, enhancing operational capabilities for the Air Force.

When did Alpine 4 Holdings announce the advancement to Phase 3?

Alpine 4 Holdings announced the advancement on November 17, 2021.

How does moving to Phase 3 affect ALPP's market position?

Advancing to Phase 3 opens up opportunities for exclusive contracts with the USAF, potentially enhancing ALPP's market presence and revenue.

What are the future prospects for Vayu Aerospace after Phase 3?

Vayu Aerospace aims to expand the US-1's capabilities and seeks new contracts within the US Air Force, indicating positive growth potential.