ALPP - Alpine 4's Subsidiary Quality Circuit Assembly (QCA) Acquires Several New Customers During COVID-19 Era
PHOENIX, June 18, 2020 /PRNewswire/ -- Alpine 4 Technologies' (OTCQB: ALPP) subsidiary, Quality Circuit Assembly (QCA), is proud to announce that it has acquired several new customers that will account for $750k worth of revenue in Q2 & Q3 2020. It is expected that these new contracts will grow into much larger contracts in 2021. These new tech customers come from different industries including; electric vehicle, clean energy equipment, and pool solutions. Each of them fit QCA's strategy of investing in customers with disruptive technologies.
Jeffrey Hail, QCA's President, stated, "Although QCA operates in one of the more restrictive geographical (Silicon Valley, CA) business environments during this COVID-19 time, our primary sales objective of obtaining new disruptive partners in the highly competitive, Silicon Valley EMS industry has not altered. As such, we are extremely excited with the acquisition of these new partners during these first two quarters of the COVID-19 era. The acquisitions have allowed us to off-set much of our pushed out/deferred purchase orders from our existing customers."
About Alpine 4 Technologies: Alpine 4 Technologies, Ltd (ALPP) is a publicly traded conglomerate that is acquiring 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 and that the ability to have collaboration across varying industries can spawn new ideas and create fertile ground for competitive advantages. This unique perspective has culminated in the development of our Blockchain enabled Enterprise Business Operating System called SPECTRUMebos.
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
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 Technologies