Global Autonomous Corporation (GAC), a Subsidiary of Alpine 4 Holdings Nasdaq: (ALPP), Establishes a Presence in the United Arab Emirates
PHOENIX, AZ / ACCESSWIRE / May 8, 2023 / Alpine 4 Holdings, Inc. (NASDAQ:ALPP), a leading operator and owner of small market businesses, announces that its subsidiary, Global Autonomous Corporation (GAC) has selected Dubai, United Arab Emirates, as its first international point. The Company is working towards the deployment of the GAC Fulfillment Delivery Network in and around Dubai, dubbed "The City of the Future," as they have a proven willingness to adopt new and emerging concepts and technologies. The Alpine 4 Executive Team are in Dubai May 8th-15th to establish a new office in the heart of Dubai's technology epicenter, near the Burj Khalifa, that will support strategic business functions, including kiosk operations, flight management and business infrastructure. Additionally, Alpine 4 /GAC's UAE based consultants, Ghani Consulting, have set up meetings with top officials within several agencies and authorities including: the Dubai Civil Aviation Authority, Dubai Smart City and Silicon Oasis, Dubai Roads and Transportation Authority, Dubai Police Ports, Dubai Small Medium Enterprise, H.E Helal Saeed Almarri, General Manager of Dubai's Economy and Tourism Authority, and the Dubai Future Foundation to further the initiatives of GAC. As GAC expands into Dubai and throughout the UAE, the Company seeks to add Dubai's highly skilled local workforce as it aims to immediately add executives and support staff to meet GAC's growth initiatives, subsequently supporting the local economy of Dubai.
Kent Wilson, CEO of Alpine 4 and Global Autonomous Corporation had this to say, "After visiting Dubai in late September 2022, the Company concluded that Dubai, and by a larger part, the UAE, represents an ideal host city and country for the inaugural deployment of the GAC Mesh Fulfillment Network due to their regulatory desire and potential user base to see these technologies deployed. We also understood the magnitude of choosing Dubai as the first city to receive the GAC Mesh Fulfillment Network, as the City's commitment to embracing new technologies is second to none around the world. This is the perfect environment to showcase our Vayu Aerospace American Made G1 Drones to the UAE and future US-2's. I want to personally say thank you to all the hard-working groups that have brought us to this point; we look forward to a long and prosperous relationship with Dubai and the UAE."
To lean more about the various agencies and authorities the Alpine Team will be meeting with, visit:
https://www.rta.ae/wps/portal/rta/ae/home?lang=en
https://www.dubaitourism.gov.ae/en/
About Global Autonomous Corporation: Global Autonomous Corporation's (GAC) mission is direct and resolute. Create a simple, pleasant, and meaningful user experience to deliver goods autonomously.
About Alpine 4 Holdings: Alpine 4 Holdings, Inc. is a Nasdaq traded Holding Company (trading symbol:ALPP) that acquires business, wholly, that fit under one of several portfolios: Aerospace, Defense Services, Technology, Manufacturing or Construction Services as either a Driver, Stabilizer or Facilitator from Alpine 4's disruptive DSF business model. Alpine 4 works to vertically integrate the various subsidiaries with one another even if from different industries. Alpine 4 understands the nature of how technology and innovation can accentuate a business, focusing on how the adaptation of new technologies, even in brick-and-mortar businesses, can drive innovation. Alpine 4 also believes that its 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
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.
Other factors that may affect our businesses include global economic trends, competition and geopolitical risks, including changes in the rates of investment or economic growth in key markets we serve, or an escalation of sanctions, tariffs or other trade tensions between the U.S. and China or other countries, and related impacts on our businesses' global supply chains and strategies; market developments or customer actions that may affect demand and the financial performance of major industries and customers we serve, such as secular, cyclical and competitive pressures in our Technology, Construction and Manufacturing businesses; pricing, the timing of customer investment and other factors in these markets; demand for our products or other dynamics related to the COVID-19 pandemic; conditions in key geographic markets; and other shifts in the competitive landscape for our products and services; changes in law, regulation or policy that may affect our businesses, such as trade policy and tariffs, regulation and the effects of tax law changes; our decisions about investments in research and development, and new products, services and platforms, and our ability to launch new products in a cost-effective manner; our ability to increase margins through implementation of operational changes, restructuring and other cost reduction measures; the impact of actual or potential failures of our products or third-party products with which our products are integrated, and related reputational effects; the impact of potential information technology, cybersecurity, or data security breaches at Alpine 4, our subsidiaries or third parties; and the other factors that are described in "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2022, as updated in our Quarterly Reports on Form 10-Q.
SOURCE: Alpine 4 Holdings, Inc.
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