ALASKA PWR & TEL CO - APTL STOCK NEWS

Alaska Power & Telephone Company (AP&T) has been named 'Business of the Year' by Southeast Conference, the federally-designated Economic Development District for southeast Alaska. The award recognizes AP&T's extraordinary leadership and investment in innovative projects in the region over the past decade, focusing on clean energy and broadband initiatives.

Southeast Conference, incorporated in 1958, now represents over 185 member organizations and individuals. AP&T CEO Bill Marks expressed gratitude for the award, acknowledging the collaborative efforts of various stakeholders in the company's success.

Southeast Conference recently received a $38.6 million US EPA grant to install heat pumps in numerous southeast Alaska communities, including AP&T service areas. AP&T (OTCMKTS:APTL) is an employee- and investor-owned utility providing diverse broadband, communications, and energy services in over 40 rural Alaska communities.

Alaska Power & Telephone (AP&T) has successfully uplisted its stock from the Pink Information tier to the Pink Current Information tier under the symbol APTL. This move signifies AP&T's commitment to providing more comprehensive and timely financial disclosures. The Pink Open Market, managed by OTC Markets Group, has two tiers, with the Current Information tier demanding more rigorous financial reporting. Uplisting may enhance access to AP&T’s stock and improve liquidity. CEO Bill Marks emphasized the importance of transparent communication with investors, stating that AP&T will provide more frequent updates in the future.

Alaska Power & Telephone (AP&T) announces a $2.5m grant for a heat pump deployment project in Prince of Wales Island. The initiative aims to add 240 air source heat pumps to homes, reduce emissions, and utilize local renewable energy sources. The project is a partnership between AP&T, Spruce Root, and Sealaska , focusing on clean energy development and environmental goals.

Alaska Power & Telephone Company (AP&T) relocates its corporate headquarters to Ketchikan, Alaska, after nearly 70 years of providing essential services to Alaskans. The decision is seen as an investment in the Southeast region and a vote of confidence in the state's future.

Alaska Power & Telephone (APTL) announced the appointment of William D. Marks as the new President & CEO, effective February 1, following the retirement of Michael Garrett after 34 years with the company. Marks brings over 30 years of experience in the cable TV and satellite industries, having been a founder and President of DBS Direct/DIRECTV and CEO of Seamobile. The Board of Directors expressed gratitude to Garrett and confidence in Marks' leadership, emphasizing the company's commitment to providing value to its customers and communities in rural Alaska.

On October 31, 2022, Alaska Power & Telephone's subsidiary, AP&T Wireless, installed the SEALink submarine fiber optic cable system, marking the first fiber optic connection for Prince of Wales Island to North America. This project, funded by a $21.5 million USDA grant and $7 million in private investment, aims to enhance broadband access and services for local residents. The cable will provide improved internet speeds and reliability, replacing outdated microwave links. Full operational status is anticipated by March 2023, with future expansions planned for other communities.

Alaska Power & Telephone Company (APTL) has secured a $33 million grant from the US Department of Agriculture to enhance fiber optic connectivity in rural Southeast Alaska through the Klukwan-Skagway Fiber project. With matching funds of $11 million, the initiative aims to deliver high-speed internet services to underserved communities, including Klukwan and Skagway. Construction may start in 2023, with completion expected by 2028. This project is anticipated to boost economic growth and improve quality of life for rural residents.

Alaska Power & Telephone Company (OTC: APTL) announced that its subsidiary APT Wireless secured a $29,344,717 grant from the USDA's ReConnect program to enhance fiber optic connectivity on Prince of Wales Island. The project, named SEALink South, includes a $9,781,573 investment in matching funds and aims to enhance service to about 550 premises in rural communities such as Craig, Klawock, and Hollis. Construction is expected between 2024 and 2027, pending permits. The initiative builds on the successful SEALink project, which is ahead of schedule.

Alaska Power & Telephone Company (APTL) announced significant progress on its SEALink fiber optic project, now set to complete two years ahead of schedule. The project will install a 214-mile submarine cable connecting Prince of Wales Island to Juneau, funded by a $24.5m USDA grant and $7m from APTW. Construction is expected to begin soon, enhancing broadband access for the underserved communities of Kasaan and Coffman Cove with improved connectivity supporting remote work and education.