Arizona, July 10, 2023.
It comes from its $100 million supply deal with All American Contracting Solutions, a US Government contractor.
Alpine 4 Holdings, Inc. (Nasdaq:ALPP), a leading operator and small business owner in the market, announced that its subsidiary, Vayu Aerospace Corporation (Vayu), has received its first P.O. from the US Government contractor, All American Contracting, Inc., (All American) for ten G1 MKIII Fixed Wing UAV's. In late May 2023, Vayu hosted All American Contracting and a Nigerian delegation at its facilities from Ann Arbor, Michigan for an in-person flight demonstration and production inspection of the G1 MKIII airframe. The primary use case for this delegation is with the Nigerian agricultural industry for the purpose of monitoring and analyzing large tracts of land. Under the terms of the existing Supply Agreement between Vayu and All American, the terms of the Purchase Order include a 1-year warranty for the airframes, electric motors and electronic components and a 5-year warranty for the engine. Vayu will also provide on-site training to All American customer pilots. In addition, the purchase order requires a down payment of 10%, and the final payment will be sent before delivery. Delivery of the aircraft is scheduled for Q4 2023 and Q1 2024. Kent Wilson, CEO of Alpine 4, said: "The Vayu Aerospace Corporation team has worked tirelessly to get to this moment. Your commitment The continued refinement of our aircraft, along with their standards of excellence, has prepared them to start generating significant revenue.As the driving force within our DSF business model, Vayu is on the cusp of an upward transformation.Beyond the business, it is important to note my appreciation to our long-term shareholders who continue to support our vision and deserve this victory." TK Eppley, President of Vayu Aerospace, commented: "The $100 million supply agreement with All American was entered into initially for a government application.The fact that an additional use case has been presented in agriculture highlights the dynamic uses of our UAVs. We look forward to All American Contracting returning to our facility and meeting with their energy industry delegates for additional flight and production demonstrations." Vayu Aerospace Corporation resides in the Alpine 4 aerospace portfolio and is considered a "driver" company for the model Alpine DSF Business Solutions https://www.vayuaerospace.com About All American Contracting, Inc. All American Contracting Solutions is the leader in quality government business innovations whose mission is to increase project productivity, effective translation of value and increasing transparency of services within the state and federal government sectors.https://www.allamericancontractingsoluti...About Alpine 4 Holdings Alpine 4 Holdings, Inc. is a Nasdaq-listed holding company. Listing: ALPP) and acquiring businesses, in their entirety, that fit into one of several portfolios: Aerospace, Defense Services, Technology, Manufacturing, or Construction Services, either as a driver, stabilizer, or enabler of the disruptive DSF business model of Alpine 4. Alpine 4 works to vertically integrate the different subsidiaries with each other, even if they belong to different sectors. Alpine 4 understands the nature of how technology and innovation can enhance a business, focusing on how adapting to new technologies, even in brick-and-mortar businesses, can drive innovation. Alpine 4 also believes that its holdings should synergistically benefit from one another, have the ability to collaborate across industries, spark new ideas and create fertile ground for competitive advantage. alpine4.com
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