PHOENIX, AZ / ACCESSWIRE / January 14, 2021 / Alpine 4 Technologies (OTCQB:ALPP), a leading operator and owner of small market businesses, is pleased to announce that its subsidiary, Quality Circuit Assembly (QCA), has already booked $1.5M in new work with just its EV Customers for Q1 2021, with more anticipated in the quarter. QCA completed $1.2M in projects for these Fortune 500 EV customers in Q4 2020.
Alpine 4's investment of $1.25M into a new SMT line and related equipment for QCA has proven to be a fruitful investment. Since its purchase in January 2020, QCA has begun to attract new Silicon Valley customers with highly sophisticated projects that require the newest, cutting edge equipment. This new equipment has allowed QCA to take on bigger production projects, which is evident by the growing work that has been received from their EV customers alone.
Tim Garcia, Alpine 4's VP of Corporate Sales, stated, "The stars aligned with the purchase of our new SMT, SPI, AOI, and screen printer (equipment). Our sales team was able to acquire large EV customers that have helped carry us to new revenue highs through the pandemic. This new equipment is a sales tool to give QCA an opportunity to succeed. As always, acquiring new customers is a priority. Our team is ready to take on the growth."
QCA has provided manufacturing support to their customers around the world since 1988.
About Alpine 4 Technologies: Alpine 4 Technologies, Ltd (ALPP) is a publicly traded conglomerate that acquires 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, have the ability to have 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.
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, Ltd.
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