ALPINE 4 HOLDINGS INC A - ALPP STOCK NEWS

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.

Alpine 4 Holdings, Inc. (ALPP) clarifies its involvement in the Everglades Restoration Project, confirming its contract is with prime contractor C43 Water Management Builders, not directly with the Army Corps of Engineers. The project is significant for water management in the U.S., featuring a 16-mile embarkment dam and a 10-acre reservoir. Identified Technologies' software is instrumental in managing project logistics for stakeholders. Both President Dick Zhang and CEO Kent Wilson emphasized the importance of transparency with shareholders regarding this project.

Alpine 4 Holdings (Nasdaq: ALPP) has acquired RCA Commercial Electronics and DTI Services, expanding its portfolio in the electronics sector. RCA, with a rich history dating back to 1919, continues to innovate in markets like healthcare and education. This acquisition is expected to leverage RCA's brand strength and DTI’s smart lighting technology to drive growth. CEO Kent B. Wilson expressed pride in this milestone, emphasizing opportunities for product innovation under the RCA name. The acquisition aligns with Alpine 4's strategy of synergistic innovation and market expansion.

Alpine 4 Holdings, Inc. (Nasdaq: ALPP) has acquired ElecJet / Real Graphene, a leader in lithium/graphene battery technology. This strategic acquisition combines cutting-edge battery technology and power systems, positioning Alpine 4 to enhance its EV market offerings. The collaboration aims to establish a US-based battery production facility in Indiana, aiming to meet the high power demands of the US-2 drone. Notably, ElecJet's graphene batteries promise charging speeds 5-8 times faster than conventional lithium batteries, revolutionizing the EV landscape.

Alpine 4 Holdings, Inc. (ALPP) announced a registered direct offering of 8,571,430 shares and warrants to institutional investors at a combined price of $2.80 per share. The accompanying warrants, for 4,285,715 shares, have an exercise price of $3.10 and will be exercisable immediately for five years. The offering's closing is expected on or around November 26, 2021, pending customary conditions. A.G.P./Alliance Global Partners is the sole placement agent for this transaction.

Alpine 4 Holdings, Inc. (Nasdaq: ALPP) has announced the development of its new "Bully Class" drones through subsidiary Vayu Aerospace Corporation. Aimed at law enforcement and military applications, the drones, named "The Knuckle-Buster" and "The Pugilist," are designed for various environments. The Knuckle-Buster features a lightweight carbon-fiber structure and will integrate autonomous capabilities. Pricing is expected between $3,000 and $3,500, providing more affordable procurement options. Vayu Aerospace aims to enhance production efficiency by collaborating with Quality Circuit Assembly to expedite the manufacturing process.

Alpine 4 Holdings, Inc. (Nasdaq: ALPP) announced a significant multi-year contract awarded to its subsidiary, Identified Technologies, by the US Army Corps of Engineers for the Everglades Restoration Project in Florida. This project involves extensive drone mapping and site management activities, utilizing Identified's advanced software. CEO Kent Wilson expressed optimism over future contracts, while President Richard Zhang highlighted the contract's validation of their drone technology. The project encompasses 1,500 flights and analysis of 200,000 acres, showcasing the growing adoption of drone technology in construction.

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.

Alpine 4 Holdings (Nasdaq: ALPP) announced a robust performance for Q3 2021, with revenue increasing by 23% to $17.39 million compared to Q2 2021, and a net profit of $2.48 million. The company's total assets also rose by $3.08 million. Despite these gains, supply chain issues, exacerbated by COVID-19, led to a loss of $1.2 million in potential revenue. CEO Kent Wilson highlighted ongoing challenges but expressed optimism for future growth, indicating a strategy to enhance visibility across subsidiary operations.