Alpine 4 Holdings, Inc. (ALPP) Announces the Formation of A4 Defense Systems, Inc.

Rhea-AI Summary

Alpine 4 Holding (OTCQB:ALPP) announced the formation of A4 Defense Systems, Inc. to enhance its services for the US Department of Defense and global security providers. CEO Kent B. Wilson emphasized the need for a dedicated entity following the deployment of Impossible Aerospace's US-1 Drone. A4 Defense Systems aims to focus on surveillance, unique aerospace services, and non-lethal weapon systems. This initiative opens a market opportunity exceeding $1.5 billion and facilitates potential acquisitions within the next 6-12 months.

Positive

• Formation of A4 Defense Systems opens a market opportunity exceeding $1.5 billion.
• Potential for acquisitions in the defense sector within the next 6-12 months.
• Focus on delivering robust surveillance and unique aerospace services to US Military.

Negative

• None.

PHOENIX, AZ / ACCESSWIRE / February 16, 2021 / Alpine 4 Holding Inc., (OTCQB:ALPP), a leading operator and owner of small market businesses, has announced the creation of A4 Defense Systems, Inc.

Kent B. Wilson, CEO, had this to say: "The successful deployment of Impossible Aerospace's US-1 Drone to the US Air Force in Q3 and Q4 2020, brought on a need to bifurcate out our holdings into a more defined environment that meets the needs of the Department of Defense and other security-based providers world-wide. A4 Defense Systems will primarily focus on; delivering robust surveillance needs to the US Military, unique aerospace services to support our troops and non-lethal weapon systems. The creation of this subsidiary also opens up several acquisition candidates for the company to procure over the next 6-12 months. It also opens up a market opportunity for the company in excess of $1.5 billion."

Alpine 4: 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:

Ian Kantrowitz, VP of 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.

SOURCE: Alpine 4 Holdings, Inc.

View source version on accesswire.com:
https://www.accesswire.com/629858/Alpine-4-Holdings-Inc-ALPP-Announces-the-Formation-of-A4-Defense-Systems-Inc

FAQ

What is A4 Defense Systems, Inc. under Alpine 4 Holding?

A4 Defense Systems, Inc. is a newly formed subsidiary focused on providing surveillance and aerospace services to the US Department of Defense and other security providers.

How much is the market opportunity for A4 Defense Systems?

The market opportunity for A4 Defense Systems exceeds $1.5 billion.

What prompted the formation of A4 Defense Systems by Alpine 4 Holding?

The formation was prompted by the deployment of Impossible Aerospace's US-1 Drone to the US Air Force.

Who is the CEO of Alpine 4 Holding who announced the formation of A4 Defense Systems?

The CEO of Alpine 4 Holding is Kent B. Wilson.

What services will A4 Defense Systems focus on?

A4 Defense Systems will focus on surveillance needs, aerospace services, and non-lethal weapon systems.